One Person Company in India was introduced under the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the primary advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members is needed for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, providing limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate. Registration Cost The cost of the registration of a company varies depending on various factors. Such as the State in which the registered office of the company is located, the total authorized capital, and the number of directors in the proposed company. For the Incorporation of a company, one shall take the advice from a practicing professional. Get Legal Advice From Best Lawyer now
Digital Signature Certificate (DSC) is obtained by the director to sign all the online documents. It can be acquired from nearby agencies; the fees of obtaining DSC vary from agency to agency.
Once the Digital Signature Certificate (DSC) is made, the next step is to apply for the Director Identification Number (DIN) of the proposed Director in SPICe Form along with the details like the name and the address proof of the director. Form DIR-3 is the option available only for existing companies. It means from January 2018, the applicant need not file Form DIR-3 separately. Now DIN can be submitted within SPICe form for up to three directors.
Once you have acquired DSC and DIN, now decide the name of the company and get it approved by the Ministry of Corporate Affairs. Name of the company should be in the format of “ABD (OPC) Private Limited.”
Make sure all the documents are in the accurate format. Check whether the details of your PAN card matches with the details of your other proof such as address proof. In case of some spelling mistakes, get it corrected before the submission.
After uploading, Form 49A and 49B will be generated for the PAN and TAN generation of the Company which has to be uploaded to MCA after affixing the DSC of the proposed Director.
On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.
It usually takes 12-15 business days for the OPC Registration in India.
Identity proof of director and nominee(PAN card)
Address proof of director and nominee (Aadhar Card, Driving Licence, Passport, etc.)
Address proof of office (Rent agreement or sale deed, electricity bill, etc.)
NOC from landlord
DSC and DIN of director
Passport photo of director
consultation with domain expert lawyers
4,500+ consultations facilitated
Dedicated case managers
15,000+ empanelled lawyers
fixed qoutes
100% confidentiality