Our Packages


SILVER

12500 /-







  • Company Incorporation
  • +
  • Assistance in Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN



gold

17250 /-

  • Company Incorporation
  • +
  • Assistance in Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN
  • +
  • Trademark Registration(exclusive of govt fees)
  • +
  • Annual Filling(exclusive of govt fees)

platinum

26000 /-

  • Company Incorporation
  • +
  • Assistance in Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN
  • +
  • Trademark Registration(exclusive of govt fees)
  • +
  • Sales Tax Filling(exclusive of govt fees)

One Person Company


The concept of One Person Company in India was introduced by the Companies Act, 2013. One person company means a company which has only one member. The business entity in which there is only one owner with limited liabilities who can act both as a shareholder as well as the director. The concept of OPC is basically to eradicate the limitation of a sole proprietorship, which is the most popular form for small businesses in India. The liability of owner is limited to the invested capital in this form.

When OPC concept was not introduced in India, people used to choose Proprietorship as their form of business. Proprietorship has many disadvantages like one cannot take investments, No legal existence and unlimited liabilities.as well. Further proprietorship as a kind of business is not considered trustworthy in India anymore. One Person Company (OPC) is a solution for all the above problems.

One Person Company has following features and restrictions:

  • It allows a significant degree of separation between operations and ownership.
  • Less compliance is needed as compared to a private limited company.
  • It is useful for small entrepreneur to directly access target market.
  • Banking and financial institutions prefer to lend money to the company instead of proprietary firms.
  • It makes decision-making process much faster because of single ownership.
  • the owner can anytime convert OPC to a private limited company with ease.

 

Documents required for registering an One Person Company

1. Memorandum of Association
2. Articles of Association
3. Affidavit and declaration by first Subscriber(s) and director(s)
4. Proof of registered office
5. Copies of utility bills not older than two months
6. Copy of approval in case the proposed name contains any word(s) or expression(s) which requires approval from Central Government.
7. If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act, then it is mandatory to attach the trademark registration certificate or trademark application copy.
8. NOC from the sole proprietor/partners/other associates/existing company.
9. Proof of identity and residential address of the subscriber.
10. Proof of identity and residential address of directors.

Why One Person Company


Separate Legal Entity

The biggest advantage of a one person company is that its identity is distinct from that of its sole owner. If a promoter were to operate as a Sole Proprietorship, the business would come to an end on his/her death but since an OPC is a separate legal entity, therefore, ownership would pass on to the nominee and an OPC continue to exist.

Limited Liability

The liability of the shareholder is limited and personal assets are safe. The liability of the shareholder will only be limited to the unpaid subscription money in his name. OPC is a separate entity and there will be a true distinction between the promoter and the company.

SINGLE OWNER

There is only one owner who can act both as a shareholder as well as the director.

Complete Control

This leads to fast decision making and execution. Yet he/she can appoint as many as 15 directors in the OPC for administrative functions, without giving any share to them.

Easy Compliances

OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM), so lesser compliance cost.

Legal Status & Social Recognition

One Person Company is a Private Limited Structure in the eyes of law, which gives suppliers and customers a sense of confidence in business.

Process


4 Steps to get process. We'll email you at different points in the process or you can check the status of your order anytime in our Online Status Centre.

Step 1

INC-32 must be accompanied by supporting documents including details of Directors & Subscribers, affidavits, declaration, MOA, AOA, identity proof, address proof etc.

Step 2

The MOA and AOA are provided differently in electronic form e-form INC-33 and INC-34 respectively. In INC-33 you have to mention the object of the company and in INC-34 you have to provide for pre-drafted clauses of AOA.

Step 3

The subscribers and the witness of MOA and AOA will affix their Digital Signature on the e-form INC-33 and INC-34. Also, the date of signing the MOA & AOA will be the date of affixing the DSC.

Step 4

Under this process, even if you have applied the name in form INC – 1, still can incorporate a company through e-form SPICe INC-32.

FREQUENTLY ASKED QUESTION


Yes, One Person Company will be formed as similar as a "Private Limited Company". It can be formed as company limited by share capital or limited by guarantee or unlimited company. The words "One Person Company" will have to be mentioned in brackets below the name of such company, wherever its name is printed, engraved or affixed.
OPC is one of the easiest forms of corporate entities to manage with very little compliance to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM), so lesser compliance cost than a private limited company.
Only a person, who is a citizen and resident in India, shall be eligible to incorporate a One Person Company. For becoming a director in a company, no professional or educational qualification is required. Any individual can also become a shareholder in a one person company.
Digital Signature Certificate (DSC) as the name suggests, it is a digital signature of an individual and it is required for filling the e-forms of company incorporation electronically to Ministry of Corporate Affairs.
DIN i.e. Directors Identification Number is the pre-requisite to become director in a company. It is an Unique Number is required to allot to an Individual which remains valid for whole life of the individual
Following are the documents required for company incorporation for director and nominee
  • Self attested PAN card copy.
  • Four Photographs.
  • Self attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID & Aadhar Card
  • Self attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
  • Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill AND Rent Agreement (If Rented) AND NOC for doing Business & for taking Registration
The minimum capital required shall be Rs. 1,00,000/- to incorporate an OPC.
Only a natural person above 18 years of age who is an Indian citizen and a resident in India is eligible to be a nominee member.
A person can incorporate upto five One Person Companies.
Yes, promoters need to present personally to meet us at our office or meet at any place for the registration of a Company. All the incorporation documents required to be present in original and scanned copy also required to submit.
To incorporate a company we required approximately 5 to 8 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy process of incorporation, please choose a unique name for your Company and ensure you have all the required documents are provided before starting the incorporation process.
Firstly we just need to find a unique name as prefix and promoters need to provide name of the proposed company along with significance of word. Secondly the name needs to include a word about the company business activity. Finally before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.
A Company can own and enjoy property in its own name, neither the members are not owners of the company's property and nor the members have insurable interest in the property of the company.
After the MOA and AOA is drafted and signed the same is submitted to ROC along with statutory Forms INC-33 after attaching required documents like PAN, Identity proof, Address proof, DIR-2, INC-8, INC-9, INC-10 and Declaration of Deposits and the prescribed fee. The approval of the filed application results in incorporation of the company, a certificate of incorporation is issued by ROC.

Copyright © 2016 Finlegalforte All rights reserved.

Developed By: Resistive Technosource Pvt Ltd