What is one person company (OPC) Registration?

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support owner of business who on their own are capable to start single person economic entity.

One of the biggest advantages of a One Person Company (OPC) is that there is  only one member in  One Person Company.

One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Companies Act, 2013 has not prescribed any amount as minimum paid-up capital for one person company. One Person Company Registration can be effectively completed by DhanTax (Business Consultant) in Delhi NCR,Kolkata, Mumbai, Bengaluru, Chennai & Bikaner,Tripura and other Indian cities. If you want to register your Own One Person Company then you can consult with DhanTax. DhanTax expert team will help you with new company formation procedure and Annual Compliance of Company.

Procedure For Company Registration

Complete our Simple Form

You need to fill our simple company registration form and submit documents for formation of a company.

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN.

Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

Document Submission

We will create all the required documents and file them with ROC on your behalf.

Your work is completed

Once your company is incorporated, we shall send you all the documents and DSCs.

Documents Required For Company Registration

  • Copy of PAN Card of directors

  • Passport size photograph of directors

  • Copy of Aadhaar Card of Director

  • Latest Bank statement of Applicant

  • Copy of Rent agreement (If rented property)

  • Electricity/ Water bill (Business Place)

  • Copy of Property papers(If owned property)

  • Landlord NOC (Format will be provided)

  • Voter identity card/Driving Licence of directors

  • PAN Card & Aadhar Card copy of Shareholders

  • Driving Licence/Electricity bill of Shareholders

  • Affidavit from Directors ( Format will be provided)

What is included In Our Company Registration Package?

1

DIN for
1 Director

2

Digital Signature for 1 Director

3

Name search & approval fees

4

Memorandum of Association

5

Article of Association

6

Incorporation Master File

7

Certificate of Incorporation

8

Company PAN + Company TAN

9

GST Certificate

10

Domain Name

11

ROC Fees

12

Bank Account Opening Support

Private Limited Company Benefits

  • Low Annual compliance borne by shareholder

    One Person Company have been provided with a number of exemptions by MCA and therefore have lesser compliance related burden.

  • Organised Sector of Proprietorship

    OPC will bring the unorganized sector of proprietorship into the organized version of a private limited company.

  • Limited Liability Protection to Director and Shareholder

    An OPC gives the advantage of limited liability to entrepreneurs whereby the liability of the member will be limited to the unpaid subscription money. This benefit is not available in case of a sole proprietorship.

  • Easy to Get Loan from Banks

    Banking and financial institutions prefer to lend money to the company rather than proprietary firms. In most of the situations Banks insist the entrepreneurs to convert their firm into a Private Limited company before sanctioning funds.

5 Steps For Company Registration

1. Application of DSC & DPIN :

First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.

2. Name approval :

You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.

3. MOA & AOA submission :

Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and

4. Get incorporation certificate :

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.

5. Apply for PAN, TAN and Bank account :

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

Concerns Related To Private Limited Company

1.Pvt. Ltd company requires few more ROC compliance translating into an additional cost of 5000 to 10000/annum.
2.Minimum capital required is Rs.10,000.
3.Private limited company can have a maximum of 200 members.
Still, Promoters prefer private limited for easy compliance, angel funding and future growth.

Factors To Consider In Company Name Selection

The name of your company is very important. It is the first impression to your buyers, suppliers and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors that you should keep in mind while naming for your company.

Short & Simple

The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.

Meaningful

The name of your company should be related to your business. It should fit the company’s branding. For example, Infosys refers to information systems or IT technologies.

Unique

Name of your company should not be same or identical to an existing company or trademark. You can go to search.legalraasta.com to check if your company name is identical to others. You should ideally avoid plural version e.g., “Flipkart’s” or changing just letter Case, spacing or punctuation marks in an existing company name.

Suffix

The name of your company should end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” is a case of a limited liability partnership.

Should not be illegal / offensive

The name of your company should not be against law. It should not be abusive or against the customs and beliefs of any religion.

Frequently Asked Questions

OC is a Administrative Government office who will give registration of your company . In India, Every State has 1 ROC office except Maharashtra and Tamilnadu where there are 2 ROC offices.

MOA means Memorandum of Association. It outlines the nature and Objectives of a Business . The memorandum includes the company’s name, registered company address, the company’s aims and objectives, limited liability clause, share of capital, and other related company information. AOA means Articles of Association. These are the bylaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.

Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. Authorised capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. The Authorised capital is mentioned in the Memorandum of Association of the Company under heading of “Capital Clause”. It is even decided prior to incorporation of the Company. The Authorised capital can be increased at any time in future by following necessary steps as required by law. Paid up capital is a amount of money received by Company for which Company will issue shares to the shareholders.

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.

Company name is very important part in registration of company. The company name is divided into 3 Parts: 1) Keyword (brand name like TATA or Flipkart) 2) Activity word(i.e. showing nature of business like Software) 3) Business Type word (i.e. Pvt. Ltd. or LLP). For Incorporation of company, the suggested name should not match with existing companies or trademark.

No. Once the company is formed, it will be valid till it is officially dissolved/surrendered. No renewal or fees is required. However, every year companies have to do Annual Compliances related with ROC.

DhanTax can incorporate a Private Limited Company within 20-30 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.

You need to start the company with a minimum capital of Rs. 10,000. However, you need not pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.

No, There is no requirement of a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your house.

There is absolutely no hidden charges. DhanTax Package charges are inclusive of every charges. DhanTax will send you an Bill with mentioning word “no hidden charges”. DhanTax team will provide professional service efficiently for your business growth.

Contact Us for your OPC Registration

Wanna plan a new project with us?

Feel free to contact us anytime.

You can always visit us at our office, we have a friendly staff and a mean cup of coffee.You are most welcome