One-Person Company Registration Applied in just 7 Days
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2 Digital Signature (DSC)
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DIN For One Directors
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Name Approval of Company
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MOA & AOA
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Certificate of Incorporation
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Company e-PAN & TAN
One-Person Company Registration applied in just 7 Days
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Everything of Basic Pack +
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INC 20A (Commencement of Business Filing)
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GST Registration
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First board meeting (within 30 days of incorporation)
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Appointment of First Auditor: ADT-1 (within 30 days of incorporation)
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Issue of share certificates
One-Person Company Registration Applied in just 7 Days
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Everything from Popular Pack +
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Director KYC Form DIR-3 KYC (All Director)
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Complete Annual Compliances For a Year
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*Audit
Contact team MYGSTCA
All Features
The structure of the one-person company (OPC) in recent times was launched as a refinement of the structure of a sole proprietorship/Single owner firm. OPC is a hybrid of Sole-Proprietorship and Corporate forms of business. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of carrying on). Also, there can be no opportunity to contribute to employee stock options or equity funding. Additionally, suppose an OPC has an average turnover of ₹2 crores thrice in a row and over or acquires a paid-up fund of ₹50 lakh and over. In that case, it has to be converted to a private limited company or public limited company within six months.
In the year 2013, the one-person company (OPC) structure was introduced for the first time
Limited Liability
The directors’ personal property is always safe in a private limited company, no matter the debts of the business.
Continuous Existence
Sole Proprietorships come to an end with the death of the proprietor. As an OPC company has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.
Greater Credibility
As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.
- PAN card or passport
- Passport, for NRIs and foreign nationals
- Scanned transcript of driver’s license or voter’s ID
- Updated gas or electricity invoice/bank account statement/mobile or landline phone invoice
- Specimen signature or impression
- Passport-size photo.
Please Note: The OPC director must self-attest the first three documents. All paperwork for a foreign citizen or NRI must be notarised (if they are currently residing in India or a non-commonwealth country) or apostilled (if living in a commonwealth country at present).
- Scanned documents of current bank account statement/phone or mobile invoice/gas or electricity invoice
- Scanned documents of rental agreement written in the English language
- Scanned documents of a no-objection certificate from the concerned property landowner
- Scanned documents of property or sale deed printed in English (if the property is owned).
Note: Your registered office space needs to be a commercial premise; however, it can be the sole director’s place of residence as well.
- Step 1: Check eligibility and documents
- Step 2: Apply for DSC & DIN of all the directors
- Step 3: Application for name reservation
- Step 4: File Spice+ form for company incorporation
- Step 5: Apply PAN and TAN for your new company
- Step 6: RoC issues a certificate of incorporation with a PAN and TAN
- Step 7: Open a bank account and start operation.
- Directors identification number for 1 director
- Digital signature certificate for 1 director (If the shareholders are different from directors, then additional DSC is required for shareholders)
- Guidance for choosing the company name
- PAN and TAN
- Drafting the memorandum & articles of association, RoC filing fees for an authorized capital, government stamp duty, and certificate of incorporation
- Name approval certificate
- GST registration
- PF registration
- ESI registration
- PT registration (only applicable in respective states)
- 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 file the incorporation documents with the MCA for you. The PAN and TAN are allocated simultaneously
- We will keep you informed about the status of your OPC Registration.
Business Corporation Act
A business corporation act is the collection of laws in each state that governs corporations.
Certificate of Incorporation
The title of the document is 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
Liability (as a stockholder or shipowner) is limited by statute or treaty.
Name Reservation
A procedure that allows a corporation to obtain exclusive use of a corporate name for a specified period of time.