One Person Company
One Person Company Registration Online In India
No more delays or difficulties! Register your business with us!
What is One Person Company?
One Person Company is a new concept in India, introduced with the Company Act 2013. In India, a One Person Company is formed by a single person.
A single person could not form a company prior to the implementation of the Companies Act of 2013.
An OPC combines the characteristics of a corporation with the advantages of a sole proprietorship.
Previously, if a person needed to start a business, he or she could only do so as a sole proprietorship.
A company can be formed with just one director and one member, according to Section 2 (62) of the Companies Act 2013. In India, a One Person Company registration is a type of entity with fewer compliance requirements than a Private Limited Company.
Under the Companies Act 2013, a One Person Company Registration in India can be obtained with only one member and one director. The Director and the member may be the same person. An individual, including non-resident(subject to certain conditions), can register an OPC in India here.
Reasons to Register a One Person Company
- Benefits of being Small Scale Industries
- Single Owner
- Credit Rating
- Benefits under Income Tax Law
- Received Interest rate on any Late Payment
- Increase in Trust and status
- Easy Funding
- Limited Liability
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Documents required for One Person Company
- Identity & Address proof of electricity or gas bill, a phone bill, and a mobile bill
- Rental agreement
- A landowner’s no-objection certificate
- A property or sale deed scanned copy
Steps for company registration
Step 1 Check the eligibility and documentation
Step 2 Request DSCs and DINs for each director
Step 3 Submit a request for a name reservation Form
Step 4Apply for PAN and TAN for your new business
Step 5 RoC issues an incorporation certificate with a PAN and TAN
Step 6 Open a bank account and start your business.