One Person company Registration

One person company is a new concept in India which has been introduced by the companies act 2013.

one-person company in the legal system is a move that would encourage corporatisation of business and entrepreneurship

In case of a One person company, only 1 person is required who can be a shareholder as well as the Director. Hence the name, One Person Company.

One Person Company is among the latest and highly appreciated business forms in India that are presented by the Companies Act of the year 2013. The OPC just requires a single person to get started. Though, a nominee requires to be specified. To begin a one-person company, you must have to go through the following sections detailing acceptability, eligibility criteria, and detailed step by step process.

One person company is best suited for small enterprises where the annual revenue is not expected to pull down two 2 Crore rupees, and the least investable funds are restricted to fifty lac rupees. Since a single person can own one-person company but the directors can be more than one. Out of all these directors, one of them should be a resident of India. Only the inhabitants of India can apply for One Person company registration, and in it, FDI is not permitted.


Fundamental Necessities to for One Person Company Registration

JUST A SINGLE PERSON IS NEEDED

A single person can proceed for one person company registration in Pune, who shall function as the company stockholders or directors. The highest count of a stockholder of a one-person company cannot exceed one, and the maximum count of directors is 15.

FUNDING NEEDS

Finance based on your business needs, with no least capital necessary as such to be sustained in the business. Though, the administration charge on OPC registration in Pune is estimated on the money.

DIRECTOR SHOULD BE AN INDIAN RESIDENT

Out of all the directors, one should be an Indian resident. A person who is living in India for at least 182 days during the last FY will be considered as Indian Resident, no matter to which country they basically from. The staying days of the person in India can also is in phases.

UNIQUE COMPANY NAME

The intended company name should not match any currently working LLP or company. Moreover, you must review the registry of the trademark to make it sure that the company name or logo does not harmonize with any the previously registered or appealed brand mark in Hindustan.

Required Documents for One Person Company Registration

  • 2 Color Passport Size Photo
  • ID Proof (DL/ Voter ID / Passport)
  • Every Promoter's PAN Card
  • Proof of Address (Light/ Telephone/ Mobile Bill, Bank Statement / )
  • Latest Utility Bill
  • Registered Office Address Proof and Ownership Proof
  • NOC Certification from the premises owner

How to Register for One Person Company

DSC APPLICATION

To get a Digital Signature Certificate, the intended director will need documents concerning; Aadhar card, phone number, address proof, PAN card, email-id, photograph. Digital Signature Certificate is essential, along with the registration process of the company are done electronically.

DIN APPLICATION

The intended director will need to fulfill the Form SPICe to make them available with DIN and process the One Person company registration. The name details and Director's proof of address has to be submitted here. If the company previously endures, DIR 3 Form has to be satisfied.

NAME APPROVAL APPLICATION

The company name registration can be confirmed either by using RUN web service or by creating an application in Form SPICe 32. One approved company name with the trademark has to be provided. The ministry will determine to authorize two suggested names with a re-submission. Once the company name gets approved shall add a private limited affix with their company name, for example, XYZ (OPC) Pvt Ltd.

Benefits of One Person Company Registration

  • A Separate legal entity
  • Excused from conducting specific formalities
  • Yearly general conferences
  • Cash Flow Report
  • Extra risk, limited liability
  • Simple Funding
  • Minimum rules and regulations
  • Profits under Income Tax Law
  • Benefits of being an SSI (Small Scale Industries)
  • Enhanced Trust and fame
  • Earn interest on any delayed Payment
SIMPLE & TRANSPARENT PRICING

Basic

Rs.10856/-
all inclusive fees
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One Person company registration with 2 DSC, 1 DIN, 1 RUN Name Approval, 1 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN and tax compliance Application - KAR COMPLIANCE..

Premium

Rs.16756/-
all inclusive fees
CHECKOUT

One Person company registration with 2 DSC, 1 DIN, 1 RUN Name Approval, 10 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN, incorporation kit, share certificates, GST registration, MSME Registrtaion, tax compliance Application - KAR COMPLIANCE and Consulatncy on business setup upto 2 hours.