Google Reviews
4.5/5
10.5k+ Happy Reviews
Fill Up the below Mentioned Form
Google Reviews
4.5/5
10.5k+ Happy Reviews
As per the Companies Act, 2013 an One Person Company (OPC) is an unique entity where an individual can form a company. It combines the concept of a company with limited liability and succession, allowing a person to own and operate a company in their name.
Prior to the implementation of the Companies Act of 2013 only two people could form a company. The Companies Act of 2013 supports the formation of One Person Company (OPC) in India. It governs the registration and functioning of one person company in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary, one person company registration doesn’t need any group of people to be incorporated.
As per the Section 262 of Companies Act of 2013 and official registration of OPC in India is legal. One person company registration in India requires a single director and a single member representing the whole firm. This corporation type has very few compliance requirements in comparison with a private corporation.
Passport Size Photograph
Copy of PAN Card
Copy of Electricity Bill
Sale Deed (if owned)
Copy of Aadhar Card
Address Proof
The Benefits of Registering Your Company are:
OPC registration a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status
Administration of the OPC can be made simple by allowing a single person to both find and lead it.
Companies are often taxed at a lower rate and are provided with better taxable benefits as compared to other forms of business.
One person company registration in India can easily raise money through venture capital, angel investors and other sources because it is a private company.
One Person Company Registration Fees in Delhi | Registration Fees |
---|---|
DIgital signature certificate Fees | ₹2,000 |
Government Fee(Stamp Duty) | ₹1,500 |
Professional Fee | ₹999 (Our Discounted Fees) |
Total Fees | ₹4,499 |
Certain compliances are outlined in the Companies Act of 2013 and must be met by the specified deadlines. These regulations provide openness, good governance, and safeguard the interests of all parties involved, including the ROC, shareholders, directors, investors, and tax authorities. These compliances can be divided into annual compliances, recurring compliances, post-incorporation one-time compliances, and compliances dependent on events. The first category of one-time compliances has been thoroughly covered here.
A one person company must immediately comply with specific legal requirements outlined by the Companies Act of 2013 and, if necessary, secure local registrations in accordance with the state laws of the location where the OPC is conducting business. The complete list of compliances along with their deadlines is shown below. For in-depth discussions, contact one of our startup advisors.
Compliance Requirement | Due Date |
---|---|
Appointment of First Auditor | Within 30 Days of Incorporation |
Issue of Share Certificate | Within 60 Days of Incorporation |
Stamp Duty Payment on Share Certificate | Within 30 Days of Certificate Issue |
Filing of INC-20A (Declaration for Business Commencement) – Registered Address maintenance – Registered office details filing – Current Bank Account opening – Entire Subscribed Capital received | Within 180 Days of Incorporation, but before commencing business |
Note: The due date for Compliance Requirement 4 is a bit more complex, so we have broken it down into its component parts to provide clarity.
The whole process for one person company registration can be completed in a time span of just 20 days.
OPCs must comply with various annual filing requirements with the MCA and the Income Tax Department. These include:
Despite having major advantages, one person company registration also comes with a certain set of restrictions.
Registering your business as an OPC is a perfect option for a small business structure. However, if you are planning to scale it up on greater levels then this might not work.at any given time the total number of people in an OPC is always one. If you are planning to add more members and have more shareholders you cannot register your business as OPC. So OPC registration is not apt to raise further capital. This will inhibit the expansion and growth of businesses.
As per the rules and regulations, OPC is not permitted to conduct non-banking financial investment activities. Registering yourself as an OPC will not provide freedom to invest in the security of other corporations.
Since the one-person company has a single person to act as both the director of the company and the management there is no clear distinction between both roles. A single person is permitted to take and approve all the decisions. So, there are higher chances of unethical practices.
Recommended for
Ease of Accommodating Investment
Limited Liability Protection
Tax Advantages
Perpetual Existence
Statutory Compliances
One Person Company
Sole promoters
Possible, but severely unlikely
Yes
Few benefits
Yes
High
Limited Liability Partnership
Professional services firms
Possible, but unlikely
Yes
Most efficient
Yes
Low
Private Limited Company
Start-ups and growing companies
Very easy to accommodate
Yes
Few benefits
Yes
High
WHY US?
Trained and Professional Experts
On Time Service
Money Back Policy
Quick Response Team
Affordable Than Other Professionals
1 Lakh+ Happy Customers Across India
Popular Services
INDIA'S TOP SERVICE PROVIDER
TAX | LEGAL | ACCOUNTANT
Unique Guru2023-12-16Maine apni income tax return file krvai hai aur inki team ne voh return 2 ghnte m file krdi m sabko recommend krta hu casumit yadav koHarpal Singh2023-12-15I had a wonderful experience with sumit yadav when I incorporating my OPC their team response was very fast and they start registering my company within 2 or 3 hours, sumit yadav tax consultancy was best in delhiDavid Miller2023-12-14recently utilized Sumit Yadav tax consultancy for my company's registration and was throughly impressed with the seamless process. Both sumit yadav & their team went above and beyond in their support, exceeding all expectations. Their professionalism and dedication are commendable. Highly recommended!hema arya2023-12-11Best service provider at reasonable rates Good customer behaviourGoogle rating score: 5.0 of 5, based on 2 reviews