Muneem G

Professional tax is compulsory in your state to circumvent penalties.? Apply Now

One Person Company Registration

One Person Company Registration in Delhi. involves a structured process designed to establish a legally recognized business entity with limited liability. The registration begins with the selection of a unique name for the OPC, adhering to the guidelines stipulated by the Ministry of Corporate Affairs (MCA). Contact us.

One Person Company Registration in Delhi.

Single Promoter: As the name suggests, an OPC is formed and operated by a single individual who acts as the sole shareholder and director of the company. This individual holds full control over the management and operations of the company.

Limited Liability: One of the primary benefits of an OPC is that it offers limited liability protection to its sole shareholder. This means that the personal assets of the shareholder are protected from the debts and liabilities of the company.

Separate Legal Entity: Like other corporate entities, an OPC is considered a separate legal entity distinct from its owner. It can own assets, enter into contracts, sue or be sued in its own name, and carry out business activities independently of its owner.

Nominee Director: To comply with legal requirements, an OPC must nominate a natural person as a nominee director in the event of the sole shareholder’s death or incapacity. The nominee director will assume control of the company in such circumstances.

No Minimum Capital Requirement: There is no minimum capital requirement for incorporating an OPC. The sole shareholder can choose the amount of authorized capital based on the requirements of the business.

Less Compliance Burden: OPCs have fewer compliance requirements compared to other corporate entities such as private limited companies. They are exempt from certain statutory requirements, such as holding annual general meetings and appointing multiple directors.

Conversion to Private Limited Company: An OPC can be converted into a private limited company if it meets certain criteria, such as exceeding the prescribed threshold for paid-up capital or turnover.

Taxation: OPCs are taxed at the corporate tax rate applicable to companies. However, the tax liability of the sole shareholder is limited to the income earned from the OPC.

Operational Restrictions: OPCs are subject to certain operational restrictions, such as limitations on the number of OPCs that a person can incorporate and restrictions on non-banking financial investment activities.

Compliance with Companies Act: OPCs are required to comply with the provisions of the Companies Act, 2013, and other applicable laws and regulations governing corporate entities in India.

Advantages O fOne Person Company Registration in Delhi.

Limited Liability: The primary advantage of an OPC is limited liability. The liability of the owner is limited to the extent of the unpaid subscription money in his/her name and any personal assets of the owner are not at risk in case of business losses or debts.

Single Ownership: Unlike other company structures, an OPC can be owned and managed by a single person. This makes decision-making and control easier and more streamlined.

Separate Legal Entity: Just like any other company, an OPC is considered a separate legal entity from its owner. This means that it can own assets, enter into contracts, sue, and be sued in its own name.

Perpetual Existence: An OPC has perpetual succession, meaning its existence is not affected by the death or incapacity of its owner. The OPC continues to exist until it is legally dissolved.

Easy to Establish: Setting up an OPC is relatively easier compared to other types of companies. The compliance requirements are less stringent, and the process of incorporation is simplified, making it more accessible for small business owners and entrepreneurs.

Tax Benefits: OPCs enjoy certain tax benefits available to companies, such as lower corporate tax rates and eligibility for deductions and exemptions under the Income Tax Act.

Credibility and Trust: Operating as an OPC can enhance the credibility and trustworthiness of the business in the eyes of customers, suppliers, and financial institutions, as it is registered under the Companies Act and subject to regulatory oversight.

Access to Funding: Being registered as a company, OPCs have access to various sources of funding such as bank loans, venture capital, angel investors, and crowdfunding platforms, which may not be available to sole proprietorships or partnerships.

Brand Building and Expansion: Having a corporate structure allows for better brand building and expansion opportunities. It provides a more professional image and can attract investors and partners more easily.

Compliance Requirements: While there are compliance requirements for OPCs, they are generally less burdensome compared to those for other types of companies. This makes it easier for the owner to focus on business operations rather than administrative tasks.

Checklist for One Person Company Registration in Delhi.

Choose a Unique Name: elect a unique name for your OPC. insure that the proposed name complies with the guidelines  handed by the Ministry of Corporate Affairs( MCA). You can check the vacuity of the name on the MCA website.

 Gain Digital hand Certificate( DSC): gain a Digital hand Certificate for the proposed director of the OPC. The DSC is necessary for filing forms and documents online with the MCA.

Gain Director Identification Number( noise): The proposed director of the OPC needs to  gain a Director Identification Number( noise) if they do not have one  formerly. noise can be  attained by filing Form DIR- 3 with the MCA.

Draft Memorandum of Association( MOA) and Articles of Association( AOA) Prepare the Memorandum of Association and Articles of Association for the OPC. These documents define the  compass of the company’s conditioning and its internal regulations.

Draft concurrence and protestation: The proposed director must  give their  concurrence and  protestation in Form INC- 3, affirming their  amenability to come the director of the OPC.

Prepare Other Documents: Gather necessary documents such as identity proof, address proof, and passport-sized photographs of the proposed director. Additionally, obtain proof of the registered office address of the OPC.

File SPICe+ Form: Complete and file the SPICe+ (Simplified Proforma for Incorporating Company Electronically) Form with the MCA. This integrated form facilitates the application for DIN, reservation of name, incorporation of the company, and application for PAN and TAN.

Pay the Requisite Fees: Pay the prescribed fees for filing the SPICe+ Form and other necessary forms online.

Certificate of Incorporation: Once the documents are verified and approved by the MCA, the Registrar of Companies (ROC) issues the Certificate of Incorporation for the OPC.

Apply for PAN and TAN: After receiving the Certificate of Incorporation, apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the OPC.

Scroll to Top