One Person Company Registration

With the introduction of the Companies Act, 2013 the concept of OPC(one person company) was introduced to support entrepreneurs who on their own are capable of starting a business by allowing them to create a single person economic entity. Only one single member is required to incorporate an OPC, which is the biggest advantage of OPC over private limited companies & partnerships. Similar to a Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, is easy to incorporate and continues in the foreseeable future.

This is a new concept introduced by the companies’ act 2013 and is available for a business with a capital up to Rs. 50 Lacs and a turnover up to Rs. 2 Crore. The one person company has some benefits in the companies act in terms of non-applicability of some provisions of the new act.

Fast, Easy One Person Company Registration...

We can make this simple & Fast

Step by step assistance

For One Person Company

Minimum Requirement

  • Minimum One Person
  • Minimum Capital shall be Rs. 100,000
  • DIN for the opc person
  • Digital Signature for one person
  • Consent From the owner & nominee
  • Proof of Registered Address
  • NOC from the owner of premises

Document Requirement

  • Latest Colour Photo of the one person
  • Pan Card of the one person
  • Address Proof of the one person, In case Premises is taken on Rent / Lease (Rent agreement will also be required).
  • Signature on the DSC Form
  • Signature on Affidavit for DIN
  • Signature on Consent form
  • Signature on Subscriber Sheet

Compare Packages

Rajput Jain & Associates offers the following Cost effective & Easy Company Registration Services packages for its Clients with in schedule days from Anywhere in India:

One Person Company (OPC)

  • One Director
  • One nominee
  • Rs. 6,299 (Professional Fees)
  • (Free PAN + TAN )

Enquire Now

Pvt. Ltd. (with Indian Promoters)

  • Two Shareholders
  • Two Directors
  • Rs. 1 Lac Capital
  • Rs. 9,999 (Professional Fees)
  • (Free PAN + TAN )

Enquire Now

Pvt. Ltd. (with Non-Resident Indian Promoters)

  • Two Shareholders
  • Two Directors
  • Rs. 1 Lac Capital
  • Rs. 27,999 (All Inclusive)
  • (Free PAN + TAN)

Enquire Now

Public Ltd. (with Indian Promoters)

  • Seven Shareholders
  • Three Directors
  • Rs. 5 Lac Capital
  • Rs. 59,999 (All Inclusive)
  • (Free PAN + TAN)

Enquire Now

NGO/Section 25 Company (with Indian promoters)

  • Two Shareholders
  • Two Directors
  • Rs. 1 Lac Capital
  • Rs. 54,999 (All Inclusive)
  • (Free PAN + TAN )

Enquire Now

Conversion of Business into Company

  • Proprietorship into Company
  • Partnership Firm into Company
  • Pvt. Ltd. into Public Ltd.
  • Unlisted Public Ltd. into Pvt. Ltd.

Enquire Now

Happy Customers

200+

Projects Completed

550+

Serving Since

2009

Contracts Signed

700+

Frequently Asked Questions (Faq)

  • What is advantage of one Person Company?

    Though OPC provides a lot of advantages, it has some limitations as well. For instance, in every OPC, a different person has to be nominated as a nominee director who would further continue as the owner, in case of disability of the promoter director. However the moment turnover increases beyond Rs. 2 Crores or the capital crosses 50 Lacs the one person company shall be required to be converted as a private limited company& furthermore file audited financial statements with the Ministry of Corporate Affairs. Therefore, it is important for the Entrepreneur to carefully consider the features of a OPC prior to incorporation. Rajput Jain & Associates can help incorporate a One Person Company (OPC) in India.

    Advantages of Proprietorship

    Private Investments In Future

    OPC can be converted into a private Ltd. Company, in case funds are required in the future by filing one form only.

    Separate Legal Identity

    A one person company is a legal entity and a juristic person established under the Act.

    Registered Proprietorship

    It is a proprietorship having a legal identity in eyes of law & registered with only a single person.

    Borrowing Capacity

    While giving loans, OPC are preferred above proprietorships.

    Limited Liability

    The liability of both the promoter director & the company is limited to the value of its assets. Personal assets of the member are also safe.

    Creates Trust

    Company is one of the most trusted legal form of entity, hence is easy to grow.

  • Is One Person Company (OPC) preferred for small business?

    The disadvantages of unlimited liability & no legal status in case of sole proprietorships are the main target of OPC. Since, proprietorships are suitable for small businesses; OPC is preferred for the same.

  • How to Incorporate One Person Company (OPC)?

    Step 1:Name reservation: Form INC-1 shall be filed for name availability. Incorporate OPC: After name approval, form INC-2 shall be filed for incorporation of the OPC within 60 days of filing form INC-1.

    Step 2: Form DIR-12 shall be filed along with (linked) form INC-2 except when promoter is the sole director of the OPC.

    Step 3: The Company shall file form INC-22 within 30 days once form INC-2 is registered in case the address of correspondence and registered office address are not same.

    One Person Company Incorporation Process

    OPC Incorporation

    Subject to ROC processing time, Rajput Jain & Associates can get an OPC incorporated within 10-14 days.Documents of minimum two person shall be required, one to become shareholder and director while another to become nominee we will also require signature on the statutory forms.

    Obtaining DSC & DIN

    The Digital Signature Certificate (DSC) and Director Identification Number (DIN), are required with the proposed Director of the OPC. They could be obtained within 2 to 4 days. Preparation of Main Object of the company.

    Name Approval

    MCA accepts application for name approval in form INC-1 with maximum 6 & minimum 1 proposed name. Subject to availability, related guidelines & processing time, MCA generally gives the approval to the name within 4-7 days. The name of the company should reflect the object for which the company is formed.

    OPC Incorporation

    Incorporation documents (Form INC-2 along with INC-22 and DIR-12) can be submitted to the MCA MCA will approve application for incorporation in 5 to 7 days, subject to their processing time & Issuance of Certificate of Incorporation. After filling the proof of such money paid to the company, ROC issues a certificate of commencement of business.

  • How long is the incorporation of the Company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant.

  • What is a Digital Signature Certificate?

    A digital signature is required for the proposed director because MCA mandates the signing of documents electronically filled online.

  • Is there any threshold limits for an OPC to mandatory get converted into either private or public company?

    In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.

  • How to intimate ROC that the OPC has exceeded the threshold limits and require conversion into private or public company?

    The OPC shall inform RoC in form INC-5, if the threshold limits is exceeded and is required to be converted into private or public company.

  • What is the time limit for filing Form INC-5?

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

  • Is there any Form that is to be filed for conversion of an OPC into private or public company?

    Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.

  • Is there any other purpose for filing this this Form INC-6?

    Yes, the private company will also file form INC-6 for converting itself into an OPC. The paid up share capital of private company should not be exceeding fifty lakh rupees and should not have average annual turnover more than 2 crore rupees at the time of such conversion into OPC. The company shall be having one member and shall appoint one nominee to act as member in case of death or incapacity of the member at the time of conversion into OPC.

  • What is the time limit for filing Form INC-6?

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

  • What is Director Identification Number (DIN)?

    Director Identification Number is a unique identification number which is valid for life-time & is assigned to all existing and proposed Directors of a Company& each director can have only a single DIN. It is mandatory for all present or proposed Directors to have a Director Identification Number.

  • What is authorized capital fee?

    Authorized capital of a Company is the amount of shares that the company can issue to it shareholders. Companies have to pay the Government an authorized capital fee of minimum Rs. 1 lakh to issue shares in a Company.

  • How many people are required to incorporate a One Person Company?

    Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. A nominee member is one, who shall, in the event of promoter’s death or incapacitation become a member of the Company.The term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year. A person can be member in only one OPC.

  • What are the requirements to be a Director or Nominee in a OPC?

    Only a natural person who is not a minor & is an Indian citizen and a resident in India is eligible to incorporate a One Person Company or be a nominee member..A person can incorporate upto five One Person Companies (OPCs).

  • Which Form is to be filed in case of withdrawal of consent by the nominee of an OPC or in case of intimation of change in nominee by the member?

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

  • What is the capital required to start a One Person Company?

    There is no such requirement in case of a OPC. However, authorized capital fee of minimum Rs. 1 lakh must be paid to the government. There is no requirement to show proof of capital invested during the incorporation process.

  • Is it allowed to change registered office of the company after registration?

    Yes, A company can change its registered office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.

  • How to Inform ROC about the 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.

  • I am carrying business as a sole proprietor/partnership; can I register a one person Company?

    Yes, A one person company can be set up by following provisions of Companies Act, 2013.

  • Is One Person Company structure suitable for my business?

    The one person company is typically for small businesses which have turnover limited to Rs. 2 crore only, the promoter may discuss with us on the feasibility of this form in the real life situation of a company.

  • Why Funding is not a problem for One Person Company (OPC)?

    Yes, it is true.With a good business idea & plan, funding is not a problem for One Person Company (OPC) .Instructions to increase funding to priority sectors have been issued by RBI. Eligible priority sector lending:-

    Manufacturing Sector

    Enterprises

    • Micro Enterprises
    • Small Enterprises

    Investment in Plant & Machinery

    • Do not exceed 25 lakhs Rupees
    • More than 25 Lakhs but does not exceed 5 crores

    Service Sector

    Enterprises

    • Micro Enterprises
    • Small Enterprises

    Investment in Plant & Machinery

    • Do not exceed 10 lakhs Rupees
    • More than 10 Lakhs but does not exceed 2 crores

    One Person Companies may leverage the benefits of priority lending by falling under above mentioned categories along with the following additional benefits:-

    • No ownership is transferred to bank.
    • Subject to strong business plan and projections, loans can be enjoyed without any security upto a certain limit.
    • The personal assets of the promoter director are safe in case of any default. The liability is limited only up to the share value in the company.

    Therefore, OPC doesn’t have to worry about the funds and can concentrate on their core business ideas, and evolve it into a plan. Incorporate a One Person Company (OPC) with Rajput Jain & Associates and start your business today!

  • Is an office required for starting a One Person Company?

    An address in India (premises may be commercial, industrial or residential) where the registered office of the One Person Company will be situated is required.

  • Do I have to be present in person to incorporate a Private Limited Company?

    All the documents have to be scanned and sent through email to our office. Some documents will also have to be couriered to our office. So, there is no need to be present in person during the incorporation.

  • How long will it take to incorporate a One Person Company?

    Normally, Rajput Jain & Associates can incorporate a One Person Company in 7-15 days subject to submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.

  • What do I need to quickly incorporate my One Person Company?

    The proposed name of the company must be very uniquebecause names that are similar to an existing company / limited liability partnership / trademark can be rejected and additional time will be wasted for resubmission of names.

Learning Center

Rajput Jain & Associates

India's Largest Business Services Platform

Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.

Download Company Profile

AITC (Association of Internation Tax Consultants)

We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.

AITC

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Clients we are serving

​Just to name a few; we serve 300+ clients across the Globe

RJA Social Network

There is a Planty You Can Find...
Just follow our blog, facebook page and other social media profiles

Knowledge Zone

Publications

Publications

Press Releases

Press Releases

Newsletters

Newsletters

Archives

Archives

Photo Gallery

Photo Gallery

Our Videos

Our Videos

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates | All Rights Reserved