A registration provides corporate status and many benefits to the members and directors. In the case of a Private company, at least two members are required which is not the same in the case of OPC. To eliminate this drawback and allow a single person to reap the advantages of One Person Company, this sort of a company structure is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process.
One Person Company feature is such that it has only one shareholder who owns 100% stake of the company. To maintain the character of perpetuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his inability. One person company is a type of Private Limited Company.
Advantages of One Person Company:
- Separate legal existence
- Lower compliance requirements
- Limited liability of owners
- Separation of management and ownership
We at Wise Tax Filings make it easy and inexpensive to register your one person company. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for OPC Registration:
PAN Card
PAN Card of shareholder, nominee, and Directors.
Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholder, Nominee, and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholder, Nominee, and Directors.
Photograph
Latest Passport size photograph of Shareholder, Nominee and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address.
NOC from Owner
No Objection Certificate to be obtained from the owner(s) of registered office.
Rent Agreement
Rent Agreement of the registered office should be provided, if any.
OPC Name Format:
One Person Company name should be unique as it forms the company brand, preferably a coined word.
Unique Name
The OPC name format shall have the second part of name suggesting the business activity of the company.
Business Object
Name of the company must end with “(OPC) Private Limited” as a suffix.
Constitution Type
OPC Registration in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information.
3. Your OPC is registered.
It only takes 12-15 working days!
Day 1 – 2
- Review of documents and information provided
- Application for Digital Signature Certificate
Day 3 – 6
- Checking Name availability
- Drafting of MoA, AoA & other required documents
Day 7 – 9
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
Day 10 – 12
- Government processing time
Frequently Asked Questions:
Is there any minimum capital requirement to register OPC?
No. The requirement to provide minimum paid-up capital for OPC registration is now removed. The amount required for starting a business must be subscribed while registering OPC. Further, the subscriber must hold at least one share for registration. It is important to note that the minimum amount of INR 1 Lakh must be kept as Authorized Capital.
Who can become the member of One Person Company?
Only an individual can become a member of OPC. One needs to be an Indian resident above the age of 18 years to be eligible to form One Person Company. To refer one as an Indian resident, he/she must have spent at least 182 days in India in the immediate previous calendar. An additional condition is that a person can become member of only 1 OPC at any time during or after registration.
Who can become Nominee in a One Person Company?
A person who is a minimum of 18 years i.e.; major, and is an Indian resident. Additionally, the nominee must provide his consent to the company for his/ her appointment.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com