One Person Company Registration
Register your One Person Company at Just ₹ 8,999/- only (Inclusive of all fees)
Get Started By paying Rs. 9,000
Introduction of One Person Company
As earlier under Companies Act, 2013 at least two persons were required as Members and Directors to form a Company which is not the same in the case of OPC. It is a simplified process with online filing and process.
In this type of entity it has only one shareholder who owns the 100% stake in the company. Also a nominee is required to be appointed in order to maintain the character of perpetuity who shall work in place of the owner in case of circumstances like death or his/her inability to continue.
Sprinthub Solutions has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company incorporation process. You may get in touch with our team on 096436-69475 or email admin@sprinthub.in for One Person company registration and Compliance services.
Advantages Of One Person Company
Separate Legal Existence
Once an entity is registered it is born in the eyes of law which means it is separate from its owners, Directors, Managers, shareholders and employees etc.
Limited Liability
As One Person Company is a separate legal entity its Liability is limited to an extent of its Share Capital or the guarantee provided. The Company's obligation does not create any right over the Owner's personal assets.
Less Compliances
Being a One Person Company, there are various exemptions as compared to private limited company like holding of Board and General Meetings .
Perpetual Existence
A Company has a perpetual existence, once it is registered lives forever until and unless it is not winded up by the Promoters or the Government. Once an entity is registered it is born in the eyes of law
Minimum Requirement
Minimum one person as director and member
No Minimum Capital requirement
Minimum one persons as Nominee
Director should be Indian Resident
Digital Signatures of Director
Director Identification Number if available.
Document Required For Incorporation
Identity Proof
of the director and nominee (Aadhar /Voter ID/Driving License/Passport)
Business Address Proof Owned Property
: (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Business Address Proof Rented/leased:
Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Passport Size Photo
Of the Director
Address Proof
the director and nominee (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
PAN Card
of the director and nominee
Process of Incorporation of One Person Company
1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Application for DSC
DSC is a Digital Signature Certificate consisting of the E-signatures prepared. It will approximately take 1 day.
E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC. The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.
Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Name Availability
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Get Certificate of Incorporation
Once the Company gets incorporated we will share all the docs like Incorporation Certificate, MOA , AOA and Digital Signatures.
More Insights on One Person Company Registration
How to Select the Name of Company
- You can check Company availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
- Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Sprinthub Solutions by clicking on the link. Trademark Registration
Other Key Points
- If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Sprinthub Solutions.
- The One Person company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Sprinthub Solutions has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
- Only person resident and citizen of India is eligible to incorporate One Person Company and will not be eligible to incorporate one more OPC.
- Any other legal entity like LLP and other Companies cannot become the Member in OPC.
- Minor is not eligible to become a Member in OPC
- If the turnover of an OPC crosses 2 crores or has paid up capital more than 50 lakhs then the same shall be converted either public or private company within 6 months.
Income Tax Rate for One Person Companies for F.Y. 2020-2021
Domestic Company Turnover > Rs. 400 Cr
Domestic Company Turnover > Rs. 400 Cr