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5 Simple Steps

to Start One Person Company in India

  • 1

    Arrange basic documents of Directors

  • 2

    Startupwala will apply for DSC (Digital Signature) of Directors

  • 3

    Startupwala will Prepare MOA, AOA & other Legal documents

  • 4

    Startupwala will File SPICe (INC-32) or Incorporation Docs with ROC

  • 5

    Get your Company Incorporation Certificate

Advantages & Benefits

Why to Register One Person Company

Limited Liability Protection to Directors personal assets

Many times startups need to borrow money and take things on credit. In case of proprietorship firms, Proprietor's personal savings and property would be at risk incase business is not able to repay its loans. In a one person private limited company, only investment in business is lost, personal assets of the directors are safe.

Helps for Testing of Business Model and Enables Funding

The OPC business helps Startup Entrepreneurs to easily test their business model, and upon building a marketable product, they can approach Angel investors, Venture capitalists for funding and easily convert their OPC into multi shareholder Private Limited company.

Better image and credibility in Market

In India, OPC is a Private limited company, which is a popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship firms.

Complete Control of the Company with a Single Owner

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

Easy to Manage and Freedom from Compliances

OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.

Easy to Sell OPC

OPC Company is easy to sell, very less documentation and cost is involved in selling a One Person company.

Minimum Requirements

for One Person Company Registration

1

Minimum 1 Shareholder

2

Minimum 1 Directors

3

The directors and shareholders can be same person

4

Minimum 1 Nominee

5

Only Indian residents can be Shareholder & Nominee

6

Minimum 1 Director must be Indian Resident

7

Minimum Authorised Share Capital to be Rs. 1 Lac

8

DIN (Director Identification Number) for all Directors

9

DSC (Digital Signature Certificate) for 1 Promoters & 1 witness

What All you Get

with OPC Registration

1

DIN for 1 Director

2

Digital Signature Token for 1 Promoters & 1 witness

3

Company Name Approval

4

MOA + AOA

5

Incorporation Certificate

6

New Incorporation Kit

7

Customized Incorporation Master File

8

Company PAN Card

9

Company TAN/TDS Number

10

Bank Account Opening Document Support

11

Domain Name for 1 year + Web Hosting + 50 Email Ids for 1 year OR

12

QuickBooks Online Accounting Software for 1 year

See Why 150,000 + Startups Love Us

5.0

Startupwala.com- Review star Startupwala.com- Review star Startupwala.com- Review star Startupwala.com- Review star Startupwala.com- Review star

Startupwala.com-review

It was really a great experience to work with BMC team for registration of my one person company (OPC). All process was completed very smoothly, within time without any last minute rush. I really appreciate all the efforts BMC team have made for making it happen within the time frame. I wish BMC to grow more in this business they deserve to be number one in registration process.

Startupwala Client Photo

Mr. Jagdish Deshmukh

Founder, Persuasion Consultancy Services Pvt. Ltd. (OPC)

FAQs

On How to Register One Person Company in India

You need to arrange very simple documents of director like photograph, Pan card and one address proof. For more details, please fill the above details and Get Started Now.

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of OPC. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.

ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra companies are registered with Mumbai and Pune ROC. In Tamilnadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi there is only one ROC office, like at Bangalore, Hyderabad, Ahmedabad, Goa and so on.

No. Startupwala provides complete online Company Incorporation process. All legal documentation and visits are done by Startupwala.

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year one man companies have to file very basic returns with ROC office.

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs)
It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.

MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.

Yes, company office address can be changed anytime after incorporation.

Capital means investment made by the shareholder into OPC. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholder into company bank account, against which share certificate is issue by the company. There is no minimum compulsion for paid up capital, it can be as low as Rs. 10,000

No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.

This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.

There is no automatic applicability. Provident Fund (PF), Service Tax or VAT law applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.