Online One Person Company registration
Are you also an entrepreneur? Now get your own company registered with just single person.
Pay just Rs. 99 and remaining payment when documentation begins.
Are you also an entrepreneur? Now get your own company registered with just single person.
Pay just Rs. 99 and remaining payment when documentation begins.
1 Digital Signature
?Digital signature refers to the signature which is used for signing of e-forms by director and subscriber. We will process and get you with class 3 DSC for 1 directors with 2 years validity.
1 DIN (Director Identification Numbers)
?DIN is a unique identification number received by directors from MCA. DIN of 1 directors will be generated.
Name Approval
?Get you company Name Reserved with MCA. Maximum two name can be proposed at a time and in case of re-submission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association (AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
Employee State Insurance Corporation (ESIC)
?ESIC is a scheme for protection of employees under its act. ESIC will be generated on successful approval.
Employees Provident Fund Organization (EPFO)
?It is a non-constitutional body that employees to save fund for retirement. Certificate of Allotment of Provident Fund (PF) will be generated on successful approval.
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
1 Digital Signature
?Digital signature refers to the signature which is used for signing of e-forms by director and subscriber. We will process and get you with class 3 DSC for 1 directors with 2 years validity.
1 DIN (Director Identification Numbers)
?DIN is a unique identification number received by directors from MCA. DIN of 1 directors will be generated.
Name Approval
?Get you company Name Reserved with LEGALDISHA. Maximum two name can be proposed at a time and in case of re-submission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association (AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
Employee State Insurance Corporation (ESIC)
?ESIC is a scheme for protection of employees under its act. ESIC will be generated on successful approval.
Employees Provident Fund Organization (EPFO)
?It is a non-constitutional body that employees to save fund for retirement. Certificate of Allotment of Provident Fund (PF) will be generated on successful approval.
(INC-20A) Commencement of Business
?Form INC-20A is filed for Certificate of commencement of business by attaching the proof of subscribed amount being transferred to the bank account of company.
Udyog Adhar Registration
?Udyog Aadhar Registration for small business entities to avail various government benefits and schemes.
GST Registration
?Get your business registered under GST to avail credit for the tax paid on business purchases.
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
1 Digital Signature
?Digital signature refers to the signature which is used for signing of e-forms by director and subscriber. We will process and get you with class 3 DSC for 1 directors with 2 years validity.
1 DIN (Director Identification Numbers)
?DIN is a unique identification number received by directors from MCA. DIN of 1 directors will be generated.
Name Approval
?Get you company Name Reserved with LEGALDISHA. Maximum two name can be proposed at a time and in case of re-submission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association (AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
Employee State Insurance Corporation (ESIC)
?ESIC is a scheme for protection of employees under its act. ESIC will be generated on successful approval.
Employees Provident Fund Organization (EPFO)
?It is a non-constitutional body that employees to save fund for retirement. Certificate of Allotment of Provident Fund (PF) will be generated on successful approval.
(INC-20A) Commencement of Business
?Form INC-20A is filed for Certificate of commencement of business by attaching the proof of subscribed amount being transferred to the bank account of company.
Udyog Aadhar Registration
?Udyog Aadhar Registration for small business entities to avail various government benefits and schemes.
GST Registration
?Get your business registered under GST to avail credit for the tax paid on business purchases.
ROC Filings
?ADT-1: Appointment of auditor is required to be done within 1 month of incorporation in form ADT-1.
eKYC for Directors: eKYC of directors of company is required to be done annual to keep the DIN validated by filing form DIR-3 KYC.
AOC-4 Filing: Preparing and filing of Form AOC-4- financial statements of company.
MGT-7 Filing: Form MGT-7/7A for Annual Return of company.
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
1. Fill the form and make nominal payment.
2. Our experts will collect and verify the necessary documents.
3. Make the balance payment.
4. Name reservation and processing and registering of DSC for directors on MCA.
5. Preparation and filing of incorporation application along with all the documents.
6. You will receive all the registration documents.
Passport size Photograph of directors, shareholder and nominee.
Self attested Latest Electricity Bill /Bank Statement with latest entries /Telephone Bill (any one) of directors, shareholders and nominee.
To encourage entrepreneurship, the concept of One person company is introduced in India. “One person company” (OPC) means a company which is formed with only single person as a member. It is recognition of single person entity with the features of company which helps to lightens the paths for small traders and service providers by expanding their opportunities through corporate identity.
Any natural person except minor, who is an Indian citizen whether a resident in India or not shall be eligible to incorporate a One Person Company and appoint nominee of an OPC.
One person company provides benefits of sole proprietorship firm and company all together. Being sole member it benefits in decision making, profit sharing.
Company provide the benefit of limited liability to its owners. It protects the personal assets of owners from losses.
Company in its own name can be sued by or sue the third parties.
Banks prefer giving loans to companies due to such compliant structure of company which provide ease in raising fund to companies.
Company being a legal entity will receive recognition in the market and gain separate goodwill for its legal corpus.
The separate entity of company from its owners, protect the assets of directors due to the losses incurred to the company. Thus the personal assets of directors remain safeguarded.
Being single owner, one person company provide benefits of fast decision making over the matter without any delay.
Company being a separate legal entity can enter into contracts, own assets. Company has it has a perpetual existence.
Check availability of proposed name and apply for reservation of name by submitting two proposed names in the Part-A of the SPICe+ form at a time.
DSC is mandatory for all the proposed directors and the subscriber of the Memorandum of Association (MoA) and Articles of Association (AoA). DSC for directors and member will be obtained and get it registered on MCA portal.
Application of incorporation shall be done by filing of forms, preparation of MOA (Memorandum of Association), AOA (Articles of Association), declarations and required attachments. Complete the forms.
Once the Form Filing is completed, then it is to be uploaded on MCA portal along with the payment of fees.
Registrar after satisfaction of completeness in documents and various compliances shall issue certificate of incorporation with PAN and TAN as allotted by the Income Tax Department. An electronic mail with a Certificate of Incorporation as an attachment along with PAN and TAN will also be sent to the applicant.
One Person Company is a Company which is owned by one single member and has a separate existence. It is a mixture of proprietorship and company form of business.
Only a natural person being an Indian citizen and resident in India shall be eligible to become member and nominee of an One Person Company.
A person is eligible to become member in only one One Person Company.
OPC registration process is as follows-
Yes, The Nominee must be given a written consent in INC-3 which will be filed with the Registrar during incorporation along with the MOA and AOA.
Such person is required to meet the eligibility criteria of being a member in only one One Person Company within a period of one hundred and eighty days by withdrawing from either of the OPCs.
Yes, One Person Company can converted into private Limited company or public Limited company by filing FORM-INC 6 for conversion.
No, One Person Company is exempt from conducting annual general meeting. The signing of Resolution by the Director and entering in the minutes book is sufficient.
A nominee is an individual who is nominated by the member and who shall becomes a member of the company on the death or incapacitation of the member.
One Person Company can be incorporated with one director also.
Yes, One Person Company is eligible to become member in another private Limited company there is no such restriction provided under the act.
Yes, even after incorporation of One Person Company nominee can be changed, by intimating the ROC.
ROC is inform about the change withdrawal of nominee by filing INC-4 with the consent of nominee.
For incorporation of One Person Company premises for registered office is required which is situated in India. The premises can be a industrial, commercial or residential at which communication from the MCA will be received.
No, the member is not required to be present physically for incorporation of its venture, all the process shall be done online.
BASIS OF DIFFERENCE | PRIVATE LIMITED COMPANY | ONE PERSON COMPANY | LLP | PARTNERSHIP FIRM | PROPRIETORSHIP CONCERN |
|---|---|---|---|---|---|
| Meaning | Private Limited Company Private company means a company which is formed by coming together of people for a profit motive. |
One Person Company One Person Company (OPC) means a company which is formed with only single person as a member. |
LLP LLP is a body corporate which is hybrid of partnership firm and company. |
Partnership Firm A partnership firm is not a separate legal entity distinct from its partners. It is merely a collective name given to the individuals composing it. |
Proprietorship Firm Proprietorship is a type of business that is owned, managed, and controlled by one person – who is the proprietor. |
| Prevailing laws | Companies Act Companies are governed by ‘Companies Act, 2013’& rules made under. |
Companies Act Companies are governed by ‘Companies Act, 2013’ & rules made under. |
LLP Act Limited Liability Partnership are prevailed by ‘The Limited Liability Partnership Act, 2008’ and various Rules made there under.
|
Partnership Act Partnership is prevailed by ‘The Indian Partnership Act, 1932’ and various Rules made there under.
|
NA |
| Charter Documents | MOA & AOA Memorandum and Article of Association is the charter of the company which provides its main object clauses & scope of operation. |
MOA & AOA Memorandum and Article of Association is the charter of the company that defines its scope of operation. |
LLP Agreement LLP Agreement is a charter document of the LLP which denotes its scope of operation and rights and duties of the partners vis-à-vis LLP. |
Partnership Deed Partnership Deed is a charter document of the firm which denotes its scope of operation and rights and duties of the partners. |
MSME (Udyam Aadhar) Udyog Aadhar (MSME) is certificate which signifies that the entity is micro, small or medium enterprise. |
| Limit of Members | 2-200 It must have at least 2 and maximum 200 members. |
1 OPC is manages by one person only hence it requires only single person. |
2-Unlimited There is no maximum limit on number of partners but must have at least two individuals as Designated Partners. |
2-20 At least 2 partners are required for it and which can’t exceed 20 partners. |
1 Single owner i.e. proprietor required for Proprietorship firm. |
| Directors /Designated Partners | 2-15 It requires At least 2 Director and maximum 15 and further can be increased by special resolution. |
1-15 It required At least 1 Director and maximum 15 and further can be increased by special resolution. |
2-Unlimited Minimum 2 designated partners and there is no maximum limit for LLP. |
NA |
NA |
| Separate legal identity | Yes Company has separate legal identity from its subscribers of MOA. |
Yes Being single owner still have separate legal identity from the company. |
Yes LLP has separate legal identity from its partners and designated partners. |
No Partners and the partnership firm are treated as single identity. |
No Proprietor and proprietorship concern have same legal identity. |
| Limited Liability | Yes The liability of Members are limited up to the amount of share capital which is subscribed by them. |
Yes The sole Member of the company is liable only up to the amount of capital introduced by him. |
Yes Designated Partners and Partner’s liability is restricted to the amount of capital contribution as mutually decided at the point of Agreement. |
No Partners are jointly and severally liable for any liability of the firm as their liability is unlimited. |
No Single owner has unlimited liability for any losses or debt in the proprietorship concern. |
| Perpetual Life of the entity | Yes Entity’s life is not based on the shareholder’s life. It continues by changing of the owner’s share. |
Yes In case of death of the shareholder the company is run by the nominee of the company. |
Yes On death of partner or designated partner, Share of them will be transferred to their legal heir but this may not result in dissolution. |
No It does not have perpetual succession as this depends upon the will of partners. |
No Perpetual existence does not exist with the death of the proprietor concern. |
| Annual Statutory Compliance | High Annual Filling of Company, Directors compliance, Audit, Income tax Return, Meeting and other Filling GST compliances. |
High Annual Filling of Company, Directors compliance, Audit, Income tax Return, Meeting and other Filling GST compliances. |
Low Annual Filling, Income tax Return, GST compliance is to be required and Audit is not mandatory. |
Low Income tax Return and GST compliance Audit in case of Turnover crosses the limit. |
Lowest Compliance with Income tax and GST only(if any). |
| Transferability | Yes Shares are easily transferable from one to other. |
Yes Share can be transferred by one person to other but nominee needs to be changed. |
Yes Addition and deletion of partners are possible through change in share of capital contribution. |
Yes Addition and removal of partner is possible new deeds with the changes in capital and profit sharing needs to be done. |
No It cannot be transferred. |
| Foreign Direct Investment (FDI) | Yes FDI is available under automatic route. |
No Single owner hence FDI is not possible and not allowed. |
Yes FDI is permitted subject to prior approval by the central government. |
No FDI is not permitted in partnership firm. |
No Small scale Business organization hence no FDI is permitted. |
