Nowadays, startups and entrepreneurship are in trend, and OPC, or One-Person Company, has gained popularity as a concept. The Companies Act of 2013 has developed the OPC (one-person company) concept, a revolution in the field for solo entrepreneurs willing to have their own ventures. The article turns its own lens to the complicated processes of One-Person Company registration, the advantages it brings, and the process itself.
1 Working Days : The Digital Version of Physical Certificates, DSC acts as a virtual seal that authenticates your company’s identity electronically. The Cryptographic Technology used to create unique Digital Signatures helps keep all your critical and sensitive documents safe.
1 Working Days : Owning a company automatically makes you the director of the Company for which DIN is a must. This eight-digit identification number with a lifetime validity has all the details of the directors maintained in a database, safeguarding the interest of the company.
Upto 5 Working Days : Everybody wants to give their company an unique identity and a unique name is the foremost priority for the same, which has to be approved by MCA to ensure that the proposed name is not in use by any other companies.
Upto 8 Working Days : Incorporation Documents like Memorandum of Association(MOA) and Article of Association(AOA) needs to be approved and verified by the government for smooth functioning of the company. Simultaneously, we @Compregi apply for PAN and TAN of your company.
Scanned copies of
Bank Statement/Utility bill in the name of the Director, not older than 2 months.
-No Objection Certificate(NOC) from the owner.
-Utility bill(not older than 2 months).
-Notarized rent agreement,in case of rented property, or, registry proof, in case of owned property.
Latest Passport size photograph.
Virtual Seal for you to sign the documents.
Lifetime validity DIN to safeguard the interest of the company.
Ensures the existence of the company by defining rules and objectives of the business.
Ensures the existence of the company by defining rules and objectives of the business.
Company’s Personal Account Number to open a bank account.
Essential 10 digit alpha-numeric number for tax compliance mechanism under Indian Laws.
Bears all the details of the company setting it a legal separate entity.
We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.
| FEATURES |
StartUp Rs. 5,999/- |
Professional Rs. 9,999/- |
Enterprise Rs. 17,999/- |
| Registration | |||
| Company Registration | ✓ | ✓ | ✓ |
| Company's PAN | ✓ | ✓ | ✓ |
| Company's TAN | ✓ | ✓ | ✓ |
| EPFO Registration | ✓ | ✓ | ✓ |
| ESIC Registration | ✓ | ✓ | ✓ |
| GST Registration | x | ✓ | ✓ |
| UDHYAM (MSME) Registration | x | ✓ | ✓ |
| Physical Kit | |||
| Digital Signture | ✓ | ✓ | ✓ |
| Company's Document File | ✓ | ✓ | ✓ |
| Letter for Bank Account | ✓ | ✓ | ✓ |
| Company's Stamp | x | ✓ | ✓ |
| Framed Certificate | x | ✓ | ✓ |
| Professional Letter Heads | x | 25 | 50 |
| Professional Visiting Cards | x | x | ✓ |
| Compliance | |||
| Director's ITR Filing | ✓ | ✓ | ✓ |
| GST Return Filing | x | 3 Months | 12 Months |
| Auditor Appointment | x | ✓ | ✓ |
| DIR -3 KYC | x | x | ✓ |
| INC -20 Form Filing | x | x | ✓ |
| ROC Return Filing | x | x | ✓ |
| Company's ITR Filing | x | x | ✓ |
| EPFO Return Filing | x | x | ✓ |
| ESIC Return Filing | x | x | ✓ |
| Consultation | |||
| Company's Name Search | ✓ | ✓ | ✓ |
| Website Domain Search | ✓ | ✓ | ✓ |
| Website/App. Development | ✓ | ✓ | ✓ |
| Brand Logo Design | ✓ | ✓ | ✓ |
| Social Media Marketing | x | ✓ | ✓ |
| Trademark Registration | x | ✓ | ✓ |
| Payment Gateway | x | ✓ | ✓ |
| Drafting Legal Documents | x | x | ✓ |
| Legal Retainership | x | x | ✓ |
| CHOOSE PLAN | CHOOSE PLAN | CHOOSE PLAN |
One Person Company registration in India is a legal procedure that provides for the formation of a company with the limitation of liability for its owner. According to section 2(62) of the Companies Act, 2013, OPC is a company established and run with just one person as its members. This groundbreaking regulation has made the process of starting one’s own business easier to set up in a way that enables entrepreneurs to start their enterprises without the burden of involving more partners or shareholders.
One-person company (OPC) registration has become a favoured method among self-employed professionals, consultants, and others who must register their businesses. OPC is a unique forum where the sole member and the company are free from liability for the company’s debts.
CompRegie comprehends the significance of OPC, and it is, for this reason, we give you not just the expertise but also guide and advise you through the one-person company registration in India process. Assembled professionals from our team facilitate a trouble-free registration process and the smooth running of businesses without making entrepreneurs worry about registration procedures.
One person company registration in Jaipur and other parts of India has a few aspects that make it be a good choice for the single or individual entrepreneurs. Let’s explore some of the key features of OPCs
Limited liability protection, in the form of one-person company registration, is probably the main benefit of registered sole members. Firm members cannot be held liable to an extent greater than the capital they contribute, protecting their wealth from any loss related to the company’s business dealings.
A OPC inception and hence formation of the company is independent from the shareholder who may own it. The consequence of this is that the company is legally considered as an independent entity, which can enter into agreements, own property, and be held responsible or take other parties to court. Besides own identity, it the business also gains legal status that contributes to business reputation and professional image.
While other types of incorporations are known to be more complicated, OPCs stand out with their easy-to-follow compliance obligation. The banks do not necessarily need to hold annual general meetings (AGMs), nor must they elect independent directors. This saves the members from administrative hassles and provides them the leverage of managing the business activities efficiently.
OPC is a legal entity that, despite its members, is unaffected by the sole member’s death, incapacity, or retirement since OPCs have perpetual existence. The director put in place by the company member should function as the continuity manager and guarantee the continuation of the company’s businesses in such cases.
The transfer of possession of OPC shares is uncomplicated; therefore it is possible for the only member of an OPC to involve new investors or to sell the company as they desire. This flexibility is another important reason to pick one person company registration in India.
At CompRegi, we are the one-stop venture for one person company registration. Apart from providing you with straightforward and easy registration, we help you with features and benefits. Our specialists walk businesspersons through the entire process of registration from start to end so that all the procedures bear fruit and the registration process is successful
Before you plan to proceed with the registration of one person company remember to have the following in hand:
Keep documents required for GST registration of one person company of sole and nominnee directors ready to complete the process:
The one person company registration procedure involves the following steps:
Our specialists at CompRegi help you navigate such restrictions and ensure you are aware of the mandatory legal requirements, allowing entrepreneurs to focus on their business development.
Here’s how CompRegi assists in one person company registration in India:
The Experts and professionals at Compregi help you with all the process, right from opening a bank account for your company to legally getting your business started. We believe in complete transparency in all the processes and keep you updated with each ongoing step. We value your time and ensure you with the complete registration process within the promised time period. So join us for a seamless registration and endless possibilities for your business.
Yes, an NRI can register an OPC in India if she/he meets all the requirements set by the FEMA law.
No, appointing a company secretary is not a prerequisite for activating OPC.
Yes, an OPC can be transformed into a private limited company, but it is highly dependent on the conditions and procedures that are in place.
An application starts from INR 900, which varies with the authorized capital of the OPC. The service provider rates may vary and are usually in the range of ₹ 5,000 to ₹ 15,000 depending on where the services are offered.
If you don’t want the action of your partner to have any effect on you.