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Easy Online One Person Company Registration with Finaccle.

Easy Online One Person Company Registration with Finaccle.

Get One Person Company registration within no time

Enjoy hassle free One Person Company registration processing with Finaccle

Finaccle lays a groundwork for your business.

2000+

Active Businesses

Managed

Active Businesses

Managed

Active Businesses

Managed

50+

Full-Time

Finance Experts

Full-Time

Finance Experts

Full-Time

Finance Experts

100%

Digital & CA-Supervised

Process

Digital & CA-Supervised

Process

Digital & CA-Supervised

Process

8+ Years

Of Trusted

Compliance Excellence

Of Trusted

Compliance Excellence

Of Trusted

Compliance Excellence

1. Collect the documents relevant for registration.
2. We shall apply for registration on your behalf.
3. You can get registration in no time.

Introduction

One person company (OPC) in India is one of the easiest forms of corporate entities to manage.

One person company is a hybrid of Sole-Proprietorship and Corporate form of business.

One Person company Registration opens up new business opportunities for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well.

The One Person Company (OPC) was introduced by the Companies Act 2013 to assist entrepreneurs who are capable of starting a business on their own by allowing them to form a single person organisation. A registered one-person company (OPC) is a limited-liability entity with only one owner. This individual is a shareholder as well as a director. The liability of the owner is limited to the amount of capital he has invested. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability towards their contributions to the enterprise.

Benefits

Easy to Obtain Funds: As OPC is a private company, it is simple to raise funds from venture capitalists, angel investors, incubators, and other sources.

Legal Status: The OPC is granted its own legal entity status by the member.

The OPC is a separate legal body that protects the single person who has incorporated it.

Less Compliance: The Companies Act of 2013 exempts the OPC from certain compliance requirements. The cash flow statement does not have to be prepared by the OPC. 

Easy Management: Since a single person can establish and run the OPC, it becomes easy to manage its affairs.

Perpetual Existence: The OPC has the feature of perpetual succession even when there is only one member.

Disadvantages

Suitable for only small business:

OPC is well suited to the structure of a small firm. At any given time, the OPC can have not more than one member. To obtain more funds, OPC cannot add more members or shareholders. Thus, with the expansion and growth of the business, more members cannot be added.

Ownership and management:

Since the sole member can also be the director of the company, there will not be a clear distinction between ownership and management. The sole member can take and approve all decisions. The distinction between ownership and control is becoming increasingly blurred, perhaps leading to unethical commercial activities.

Restriction of business activities:

The OPC cannot carry out Non-Banking Financial Investment activities, including the investments in securities of anybody corporates. It cannot be converted to a company with charitable objects mentioned under Section 8 of the Companies Act, 2013.

Features

  •  A natural person cannot become member of 2 OPC at a time

  •  Minor cannot become member or nominee of OPC and even cannot hold share with beneficial interest in OPC

  • Only a natural person who is an Indian citizen whether resident in India or otherwise shall be eligible to form OPC.
  •  Company shall put the word (OPC) with name of the company like ABC (OPC) Private Limited

  •  OPC, like a private or public limited company, also have a distinct identity from its shareholder or directors
  • Voluntary conversion to private limited is now possible at any time.
  •  A natural person cannot become member of 2 OPC at a time

  •  Minor cannot become member or nominee of OPC and even cannot hold share with beneficial interest in OPC

  • Only a natural person who is an Indian citizen whether resident in India or otherwise shall be eligible to form OPC.
  •  Company shall put the word (OPC) with name of the company like ABC (OPC) Private Limited

  •  OPC, like a private or public limited company, also have a distinct identity from its shareholder or directors
  • Voluntary conversion to private limited is now possible at any time.

Eligibility

  •  Minimum 1 Director
  •  Maximum 1 shareholder/ 1 Nominee
  •  Director and Shareholder may or may not be the same persons
  •  DIN of the directors
  •  Digital Signature of shareholder and directors

Documents required

  • Name of the director and nominee

  •  Consent of the nominee

  •  Passport sized photograph

  •  E-Mail ID

  •  Contact Number

  •  Identity Documents:

    • Aadhar Card

    • Pan Card

    • Passport (In case of foreigner)

  • DSC (Digital Signature Certificate) of the Director

  •  Address proof of the premises:

    • If Rented: The Rent Agreement or Consent letter/No Objection Certificate

    • If Owned: SMC Vera bill/Light bill (Not older than two month).

  •  DIN (Director Identification Number) of the Director

  •  Description of proposed business activity in few words

  •  Proposed and actual capital contribution

Process

01

Verification of documents

02

Application for Name Approval (online RUN WEB Application on MCA Portal)

03

Obtaining DSC (Class-2) and DIN as required above. However, in new companies DIN can be obtained within SPICe + facility

04

Incorporation of company along with filing of e-MOA and e-AOA

05

Providing you Certificate of Incorporation

Filing of Commencement of business certificate after 180 days.

Glossary

Certificate of Incorporation

The title of the document filed in many states to create a corporation. Also known as the articles of incorporation or corporate charter.

Directors

The individuals who, acting as a group known as the board of directors, manage the business and affairs of a corporation.

Limited Liability

Limited liability is a form of legal protection for shareholders and owners that prevents individuals from being held personally responsible for their company's debts or financial losses.

Name Reservation

A procedure that allows a corporation to obtain exclusive use of a corporate name for a specified period of time.

Why Companies Trust FinAccle

Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
You get all Financial, taxation, Accounting and legal solution under one roof.
For your one person company, we submit an application for name approval. We draft the MoA (Memorandum of Association) and AoA (Articles of Association).
We shall keep you informed about the status of your OPC Registration.
We file the incorporation documents with the MCA for you. The PAN and TAN are allocated simultaneously.

Got a question?
We've got answers.

Can a person be a member of more than one OPC?

No, a person can be a member in only one OPC.

Does public invitations are allowed?

How do I convert an OPC to a Private limited company?

Is there any tax advantage on forming an OPC?

Who cannot form an OPC?