Get Started – From Rs. 11,000/- (incl. Govt. Fees)

*Prices are higher in Madhya Pradesh, Kerala and Punjab

One Person Company is a concept introduced by The Companies Act, 2013 which enables Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole-Proprietor and Company form of business, and has been provided with concessional / relaxed requirements under the Act. OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.

Features of One Person Company (OPC):

1. Only One Shareholder:

Only a natural person, who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company.

2. Nominee for the Shareholder:
   The Shareholder shall nominate another person who shall become the shareholders in case of death / incapacity of the original shareholder.  Such nominee shall give his / her consent and such consent for being appointed as the Nominee for the sole Shareholder.   Only a natural person, who is an Indian citizen and resident in India, shall be a nominee for the sole member of a One Person Company.
3. Director:
   Must have a minimum of One Director, the Sole Shareholder can himself be the Sole Director.

TERMS AND RESTRICTIONS OF OPC:

• A person shall not be eligible to incorporate more than a One Person Company or become nominee in more than one such company.
• Minor cannot become member or nominee of the One Person Company or can hold share with beneficial interest.
• An OPC cannot be incorporated or converted into a company under Section 8 of the Act. [Company not for Profit].
• An OPC cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporate.
• An OPC must be converted into a Private Limited or Public Limited Company within six months if the Paid-up capital of the OPC exceeds Rs.50 Lakhs or the average annual turnover during the relevant period exceeds Rs.2 Crores.
• An OPC cannot convert voluntarily into any kind of company unless two years have expired from the date of incorporation of One Person Company,

STARTUP PROCESS TIME:

AuditNeeds can assist in establishing a OPC Company in any part of India in 10 to 12 working days, subject to ROC processing time and timely submission of relevant documents by the Client.

INCLUSIONS:

• DIN for 1 Director
• Digital Signature for 1 Director
• Name Approval
• Drafting of MoA & AoA.
• Preparation of other documents and declarations required for incorporation.
• ROC and Government registration fees for DIN, DSC and Incorporation.
• Government Stamp duty fees.
• Company PAN card & TAN card

MINIMUM REQUIREMENT FOR OPC REGISTRATION:

• One Shareholder and Director for OPC registration.
• One person for appointment as Nominee of OPC.

DOCUMENTS REQUIRED FOR ONE PERSON COMPANY:

• Copy of PAN card of the director and nominee.
• Copy of Voter’s ID / Passport/Driver’s License / Aadhar Card of the director and nominee.
• Passport sized photograph of the director and nominee.
• Copy of latest bank statement/ telephone or mobile bill / electricity bill in the name of the director and nominee (Should not be older than 40 days).
• Copy of Rental agreement of office address. (Formate will be provided by us)
• Copy of latest electricity bill and tax receipt in the name of landlord of office address.

ADVANTAGES OF ONE PERSON COMPANY:

• Separate Legal Entity
• Limited Liability
• Continuous Existence
• Greater Credibility
• No requirement to hold Annual General or Extra Ordinary General Meeting.
• Better Borrowing Capacity when compared to Proprietorship.
• Easy Transferability of Shares.
• Capacity to sue and be sued.

Choose the Best Entity