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One Person Company (OPC) 2018-11-23T10:09:15+00:00

One Person Company Registration

Ideal for entrepreneur who have alone started a venture

Starting At Rs. 3499 Onwards

SAVE 50% COST…!!!

(Takes 10-20 days)

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What is OPC Registration ?

As our country has a plethora of entrepreneurial potential, the basic thought should be to harness this energy, that is how the concept of One Person Company (OPC) came into the picture in India through the Companies Act, 2013. This was propounded to support entrepreneurs who have the potential to start a new venture on their own and can create a single person economic establishment. Since only one person is the minimum requirement for registration as compared to a Private Limited Company or a Limited Liability Partnership (LLP) where minimum two members are needed, therefore OPC has a slight upper hand here.

A one-person company is a completely different legal entity from its promoter, therefore it has an offer of limited liability protection towards its only shareholder while the business can be continued with an ease of incorporation.

Although the liability protection is limited to the entrepreneur only, OPC does have a few limitations such as an appointment of a nominee Director in the MOA and AOA of the OPC who can take ownership in the case of unavailability of the sole director. In case the annual turnover crosses Rs 2 crores, it should be converted into a Private Limited Company and it has to file audited financial statements with the Ministry of Corporate Affairs similar to other companies by the end of each financial year. Considering these flaws, it is essential for an Entrepreneur to consider these point before materializing a One Person Company. Unfolding Tax provides the fastest and best One Person company Registration in Delhi.

WWW.MCA.GOV.IN  is a portal authorized by Registrar of Companies for registration and compliance purposes.

Who can start a OPC Company in India?

This is one of the most important questions that is asked by every person who is willing to start an OPC in India. Although, there is no restriction on any individual to establish a One Person Company in India, however, few cases should be considered carefully:

  • Existing directors: Yes, they can open the OPC but if they already own one, then any further OPC is not allowed.

  • Employees: Generally, employers do not encourage their employees to start a company and direct it. Although they can be shareholders. In such cases, an individual has to go through the employment agreement and also require a No objection from the corresponding employer.

  • Companies, Firms: As per Companies, act, 2013 only individual can form a OPC.

Documents Required for Online One Person Company registration in Delhi 

For Single Director & Nominee

  • Copy of PAN Card
  • Aadhar Card
  • Address Proof (Bank Statement, Mobile bill, Telephone bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill etc)
  • Utility Bill (Gas Bill, Electricity Bill)
  • NOC (Download format)

Procedure For One Person Company Registration In Delhi

Factors to Consider in OPC Name Selection

The name of your OPC is very important. The name of the company is the very first impression that is portrayed on your suppliers, stakeholders or buyers. It should, therefore, be attractive, relevant and suggestive. However, there is a protocol for choosing a right name for your company:

Short & Simple

The name has to be very precise, easy to pronounce and jargon-free. It should be attractive in a way that people can easily recall and able to read it properly.

Meaningful

The name of the OPC should be the reflection of the type of your business and the type of your branding strategy.

Should not violate any laws

Your OPC’s name should not be given under and violate the Emblems and Names (Prevention of Improper use) Act, 1950. Click here to check the names. (See the Schedule).

Should not use the words “British India”.

Should not be illegal / offensive

The name of your OPC should not be against law and it should not include any abusive word or slag that can hurt the sentiments, beliefs, and customs of any religion or group of the society. Further, names cannot include foul words or phrases.

Unique

The important point to be addressed here is that there should not be any identical existing LLP or trademark or company in the market, with which people can get confused. You can go to unfoldingtex.com to check if your company name matches any others. Letter Case or punctuation change or plural version of an existing company name should be avoided.

Suffix

“Private limited” or “limited” should not be added at the end of the name of the company.

Why OPC Registration ?

Minimum Requirements for One Person Company registration in Delhi 

  • Limited Liability
  • Separate Legal Entity
  • Uninterrupted Existence
  • Borrowing capacity
  • One Shareholder
  • One Director
  • One Nominee
  • One Person

Company

Register companies in India as per your
business need at best prices.

ONE PERSON COMPANY

3499/-
  • in just 15 Days.
  • (Inclusive of PAN,TAN & GST registration)

PRIVATE LIMITED COMPANY

3999/-
  • in just 15 Days.
  • (Inclusive of PAN,TAN & GST registration)

LIMITED LIABILITY PARTNERSHIP

3999/-
  • in just 25 Days.
  • (Inclusive of PAN,TAN & GST registration)

Frequently Asked Questions

At least one nominee is required to start an OPC who can act as shareholder as well as director. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

Any individual/organization can become the member of One person company including foreigners/NRI’s. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

You need to have a bank account with a minimum balance. This could be as little as Rs. 5000. You don’t need to invest any more capital to start the business. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

A lot of people considering an OPC registration go with the private limited company structure because it is mandatory to convert an OPC to a private or public limited company if turnover is over Rs. 2 crore or paid up capital is over 50 Lakhs. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

  • An OPC limited by shares must comply with following requirements :
    • Must have a minimum [paid up share capital of INR 1 Lac.
    • Shares will not be allowed to be transferred to anyone else.
    • An OPC is prohibited from giving any invitations to public to subscribe for the securities of the company.
  • When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
  • An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.

Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

An OPC is exempted from doing the following compliances :

  • Sign on annual returns
  • Hold Annual General Meetings and Board Meetings
  • Sign on Financial Statements
  • Option to dispense with the requirement of holding an AGM
  • Power of Tribunal to call meetings of members
  • Calling of extraordinary general meeting
  • Notice of meeting
  • Statement to be annexed to notice
  • Quorum for meetings
  • Chairman of meetings
  • Proxies
  • Restriction on voting rights
  • Voting by show of hands
  • Voting through electronic means
  • Demand for poll
  • Postal ballot
  • Circulation of members’ resolution

Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

Indus provides OPC incorporation services across India in all cities. We have done OPC registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor

Unfolding Tax is one of the best online service portals to help register OPC’s in India. We have 10 years of experience in the application of OPC registration . Indus has 30+ regional offices in India and expand its network in India with 2000+ customers for OPC Company. Get a free consultation for One Person company Registration in Delhi and business startup by scheduling an appointment with an Unfolding Tax Advisor