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One Person Company Registration

One Person Company

What is an One Person Company Registration?

One Person Company Registration is a single member Company. It has only 1 shareholder. It is a private limited company. Only a single entrepreneur is allowed to operate a corporate entity with only limited liability protection.

Benefits of one person company:

Limited liability (shareholders would not risk losing their personal assets).

Separate Legal Entity.

Uninterrupted Existence.

Borrowing capacity.

Features of a One Person Company

Private company

According to the companies' act, a single person is capable to form a company for any purpose abiding by the law. Hence it can be considered as a private company.

Single-member

Contradicting to the private companies, one person company can only have a single member/shareholder.

Nominee

While registering for the company as a one-person company, that sole member will have to mention a nominee.

Perpetual succession not required

Unlike the normal companies having a concept of perpetual succession, in one person company if the sole member dies, then the nominee will have to decide if they want to continue the company by being the sole member or to dissolve the company.

Minimum of one director required

One person company requires to assign at least one person as director which can be that member itself but they can have a maximum of up to 15 directors.

Minimum paid-up share capital not required

According to the companies' act, there shall be no minimum paid-up share capital for one person company.

Special privileges

Unlike other companies, one person company gets certain privileges and exemptions.

Membership in One Person Companies

A person who is a citizen and a resident of India is the only one eligible to form a one-person company. The nominees selected should also restrict the same restriction. Also, the nominee selected cannot be a nominee for more than one “one person company” at the same point in time. Unlike the other companies which act as a separate entity itself and can only there share and become a member of the one-person company, the shareholder and the member should be a live person. Minors are strictly prohibited to become a member of a person company according to the law.

Documents Required for One Person Company

PAN Card

All Directors Pan Card Copy.

Passport Size Photo

All Directors Passport Size Photo.

Identity Card

All Directors Aadhaar Card Copy/ Voter Identity Card.

Rent Agreement

Rent Agreement Copy (If Premises On Rent).

Bills

Electricity/ Water Bill (Business Place).

NOC

Landlord/Owner Noc (We Will Provide The Format)

Steps Required for Register One Person Company

Application of Digital Signature Certificate & DIN:

The first step to get registered under One Person Company is the promoter or director has to apply for Digital signature and DIN( Director Identification Number). Digital signature is an online signature used for filing and DIN refers to the Directors PIN number issued by MCA.

Name Approval:

For company registration, it is mandatory to provide three unique names for your company to MCA who be the deciding factor for the name of your company. Names provided should be more descriptive and unique for the company.

Submission of MOA & AOA:

After the name is approved by MCA one is halfway done with their company registration. After that MOA( memorandum of association) and AOA (article of associate) should be prepared and submitted in forms.

Affidavit of Subscriber and the director:

The company registration can only be successful if the affidavit is submitted by the only member of the company who has subscribed to the memorandum.

Nomination by Single member:

The subscriber to the memorandum of one person company must include a nominee who will be responsible to take over the company in case of death or incapacity to work. A prior written consent is required from the person who is nominated. This nominated person will become a part of the business when the actual owner dies faces certain physical illnesses.

Mca E-forms filing :

After Moa & Aoa Submission We Need To Upload Agile And Inc-22 forms To get The COI (Certificate Of Incorporation).

Get COI with PAN, TAN certificate:

It usually takes 15 to 25 days to form a normal private limited company. The company next to have a certificate of incorporation which is proof that the company has been created. CIN is also included.

Conversion of One Person Company to other Companies :

According to the company act, one person company cannot convert their company into section bi companies which means companies that it exist for charitable purpose. One person company cannot convert into any kind of other company voluntarily until 2 years and their incorporation.

Minimum Requirements for Company Registration

Enquiry Now

Process of One Person Company Registration

Fill basic details for
company

Digital signature certificate
and DIN

Verification of Email
documents

Get your
certificate

PACKAGES

Basic

₹9,899/-

2 class 2 Digital signature
1 Director Identification Numbers
1 RUN Name Approval
Upto 10 Lakhs Authorized Capital
Incorporation Fee
Stamp Duty
PAN & TAN
GST Registration

Standard

₹16,899/-

2 class 2 Digital signature
1 Director Identification Numbers
1 RUN Name Approval
Upto 10 Lakhs Authorized Capital
Incorporation Fee
Stamp Duty
PAN & TAN
Commencement of Business Certificate
3 Months GST return Filing (GSTR-3B or GSTR-1)

Premium

₹24,899/-

3 class 2 Digital signature
2 Director Identification Numbers
1 RUN Name Approval
Upto 10 Lakhs Authorized Capital
Incorporation Fee
Stamp Duty
PAN & TAN
GST Registration
12 Months GST return Filing (GSTR-3B or GSTR-1)
Udyog Aahaar Registration

Frequently Asked Questions

1. How an OPC is incorporate?

Incorporation through SPICe (Without filling RUN) Stakeholders by applying for Incorporation of a new company through SPICe (Simplified Proforma for Incorporating Company electronically) form (INC-32) with eMoA (INC-33), eAOA (INC-34), can avail of 5 different services in one form Name Reservation, Allotment of Director Identification number (DIN), Incorporation of New Company, Allotment of PAN and Allotment of TAN In case eMoA, eAoA are not applicable, users are required to attach the pdf attachments of MoA and AoA. There is no need for reserving a name separately before filing SPICe. One name for the proposed company can be applied through SPICe (INC-32). Incorporation through SPICe (With RUN) Name reservation: RUN service shall be used for name availability Incorporate OPC: After name approval, form SPICe shall be filed for incorporation of the OPC within 20 days from the date of approval of RUN. The company shall file form INC-22 within 30 days once form SPICe is registered in case the address of correspondence and registered office address are not same.

2. How RoC is informed about change in membership of OPC?

The company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership. In the same form, user needs to provide details of the new member of the OPC.

3. What is the condition for an OPC to mandatorily get converted into either private or public company?

In case the paid up share capital of an OPC exceeds 50 lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.

4. How is RoC informed about threshold limits of OPC has exceeded and its conversion?

Using Form INC-5 RoC can be informed, if the threshold limits is exceeded and OPC is required to be converted into private or public company.

5. Within how many days form INC-5 should be filled?

Form INC-5 shall be filed within sixty days of exceeding threshold limits.

6. What other purpose can Form INC-5 be filled for?

A private company can also fill form INC-6 for converting itself into an OPC. But the following conditions must be satisfied for conversion The paid up share capital of private company should not be exceeding fifty lakh rupees and should not have average annual turnover more than two crore rupees at the time of conversion. The company shall be having one member It shall appoint one nominee to act as member in case of death or incapacity of the member at the time of conversion into OPC.

7. Within what time limit Form INC-6 shall be filled?

Form INC-6 shall be filed within 30 days for voluntary conversion and within six months for mandatory conversion.

8. What is the eligibility for a member of an OPC?

Only a natural person shall be eligible to act as a member and nominee who is An Indian citizen and Resident in India (stayed in India for a period of not less than 182 days during the immediately preceding one financial year).

9. A person can be a member in how many OPCs at a time ?

A person can be member in only one OPC.

10. What if a member of an OPC becomes a member in another OPC by virtue of being a nominee in that OPC?

The member must withdraw from either of the OPC within a period of 182 days.

11. Which form is to be filed for withdrawal of consent by the nominee of an OPC or intimation of change in nominee by the member?

Form INC-4 shall be filed for withdrawal of consent by the nominee or for intimation of change in nominee by the member.

12. Can a NRI be a Director/Shareholder of the Private Limited Company in India?

Yes, Foreign National or NRI can become a director or shareholder in a private limited company in India. But holding of shares in the company by foreign nationals/companies will be as per FDI Guidelines of India. And atleast one member of the Board of Directors of the company must be a Indian Resident.