One Person Company Registration

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HERE’S HOW IT WORKS

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Get your Company  Incorporation certificate

Why should you register your Company? 

Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.

  • Shields from personal liability and protects from other risks and losses.
  • Attracts more customers
  • Procures bank credits and good investment from reliable investors with ease.
  • Offers liability protection to protect your company’s assets
  • Greater capital contribution and greater stability
  • Increases the potential to grow big and expand
  • You will also get Zero Balance Current Account – Powered by DBS Bank *

Minimum Requirements

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Minimum 2 Shareholders

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Minimum 1 Directors

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The directors and shareholders can be same person

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Minimum 1 Nominee

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Only Indian residents can be Shareholder & Nominee

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Minimum 1 Director must be Indian Resident

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Minimum Authorised Share Capital to be Rs. 1 Lac

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DIN (Director Identification Number) for all Directors

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

WHAT ALL YOU GET

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DIN for 1 Director

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Digital Signature Token for 2 Promoters & 1 witness

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Company Name Approval

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MOA + AOA

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Incorporation Certificate

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New Incorporation Kit

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Customized Incorporation Master File

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Company PAN Card

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Company TAN/TDS Number

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Bank Account Opening Document Support

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letrase

ONE PERSON COMPANY INCORPORATION PROCESS

WHY START-UPS PREFER PRIVATE LIMITED COMPANY AS A BUSINESS FORM?

The Private Ltd Company is one of the most preferred business legal forms by growing Indian start-ups. A private limited company can fulfill the requirement of raising funds from private investors easily; attract less tax and is a separate legal entity with perpetual succession which is restricted to other business types. Find out more.

OPC Registration Process Duration

5 BUSINESS DAYS

Firstly, the OPC director should petition or apply for the DSC otherwise known as Digital Signature Certificate, which is mandatory to file for the company registration records. For this to come through, one only needs to submit a few scanned documents; after which our agents will file the form by filling it and put it online for submission.

7 BUSINESS DAYS

Once the application for the DSC is done, our agents will ask you to choose a name for your business and send us the relevant scanned documents for the same. The sent documents will be used to file for the SPICe i.e. INC-32 and the MoA is otherwise known as the Memorandum of Association and the AoA also known as the Articles of Association. Finally, at the end of this process, the Certificate of Incorporation will be processed and approved.

2 BUSINESS DAYS

All companies need a registered PAN or Permanent Account Number and TAN or Tax Account Number. The application will be filed online by our representatives, however, you will be asked to courier the hard copies of the relevant and required documents yourself. Post the processing, the TAN and PAN will be dispatched to you to your registered office address only within 21 business days.

Frequently Asked Questions

Q. What documents required to start Single Person Company (OPC)?
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
Q. Do I have to have office (commercial) space to start a Company?
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.
Q. Who is Registrar of Companies (ROC)?
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.
Q. Do I have to physically visit ROC Office?
No. Accountry provides complete online Company Incorporation process. All legal documentation and visits are done by Accountry.
Q. Is OPC Registration to be renewed every year?
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.
Q. What is a DIN?
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.
Q. What is a DSC?
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.
Q. What is MOA & AOA of company?
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.
Q. Can we change office address of the company after Incorporation?
Yes, company office address can be changed anytime after incorporation.
Q. What is capital of the Company?
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
Q. Do we have to deposit Share Capital in a Bank at the time of Incorporation?
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.
Q. Does my business have to have some level of turnover to start OPC Private Limited?
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.
Q. Does PF, GST is automatically applicable to OPC Private Limited?
There is no automatic applicability. Provident Fund (PF), GST 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.

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