One Person Company Registration

We are extremely glad to inform you that you can now form a One Person Company (OPC) in India, that too with the minimum hassle and cost.Among all the other provisions of the new Companies Act, entrepreneurs seemed sitting on the edge of their seats for this one.

Timeline – 10 to 15 Working Days (No Hidden Cost)

What is a One Person Company?

One person company (OPC) is a new form of business introduced by Companies Act, 2013. It is hybrid form of business where a sole proprietorship concern can get a corporate outlook.

An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. The best part is, legal and financial liability is limited to the Company and not the member.

What are the features of a One Person Company?

Shareholders

Only One Shareholder Only a natural person, who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company.

Number of Directors

Must have a minimum of One Director, the Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors.

Paid-up Capital

A one person company can be started with 1 lac. If the paid up capital of the company increase to 50 lacs or more the OPC will become automatically.

Easy Funding

Like a Private company, One Person Company can raise funds through venture capital, financial institutions, angel investors etc. A One Person Company can raise funds thus graduating itself to a private limited company.

Minimum compliances

One Person Company have to face little compliance burden as compared to private limited companies , hence One Person Company can more focus on other functional and core areas.

Complete Control Of The Company With The Single Owner

This leads to fast decision making and execution. Yet he/she can appoint as many as 15 directors in the OPC for administrative functions, without giving any share to them.

Suitable only for small business

OPC is suitable only for small business. OPC can have maximum Paid up share capital of Rs.50Lakhs or Turnover of Rs.2 Crores. Otherwise OPC need to be converted into Private Ltd Company.

Advantages of a One Person Company

Single Shareholder

A single shareholder who can also be the sole director can start an OPC.

Separate Legal Identity

OPC gets the status of a separate legal entity.

No minimum capital required

No minimum capital is required to start an OPC.

Fewer rules and compliances

OPC has to comply with fewer rules and regulations when compared to other forms of companies.

Limited liability

The sole shareholder gets to enjoy the limited liability feature of a company.

We Serve Everywhere

kanakkupillai.com is web portal of Govche India Private Limited with operations since 2007. kanakkupillai.com is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe.

Income Tax

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

Licenses

Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses

Finance

we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights

GST Return

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN

Documents required for this service!

Documents Required

What are the documents required for formation of Private Limited Company Registration Online?

  • PAN card and Residence Proof of directors of the company
  • Copy of Rental Agreement / EB Card Copy of Registerd Office
  • Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Passport-size photograph
  • Specimen signature (blank document with signature [directors only])
  • Copy of Passport (In case of Foreign Director)

This Package

What includes in this package?

  • Verification of Documents
  • DSC and DIN for 2 Directors
  • Name approval and ROC feesl
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN

Process for Private Company Registration Online

Applying DIN & DSC

DSC and DIN for all directors are required.

NAME APPROVAL

4-6 proposed names should be provided that should be unique and suggestive of company business.

MOA, AOA & AFFIDAVIT

Memorandum and Articles of Assocication should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared

COMPANY REGISTERED

Once the application is duly filed and accepted by ROC, certificate of incorporation is issued and the company is all set to start it’s operations.

PAN, TAN AND BANK ACC.

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

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Just sit right back and you’ll hear a tale a tale of a fateful trip that started from this tropic port aboard this tiny ship all of them had hair of gold like their mother the youngest one in curls. Space.

Just sit right back and you’ll hear a tale a tale of a fateful trip that started from this tropic port aboard this tiny ship all of them had hair of gold like their mother the youngest one in curls. Space.

Just sit right back and you’ll hear a tale a tale of a fateful trip that started from this tropic port aboard this tiny ship all of them had hair of gold like their mother the youngest one in curls. Space.

Just sit right back and you’ll hear a tale a tale of a fateful trip that started from this tropic port aboard this tiny ship all of them had hair of gold like their mother the youngest one in curls. Space.

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