One Person Company Registrations

One Person Company Registrations

A new concept has been introduced in the Company’s Act 2013, about the Open Person Company (OPC). In a Private Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. A single person could not incorporate a Company previously.
But now as per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company.

Features of a One Person Company

Here are some general features of a one-person company:

  1. Private company: Section 3(1)(c) of the Companies Act says that a single person can form a company for any lawful purpose. It further describes OPCs as private companies.
  2. Single member: OPCs can have only one member or shareholder, unlike other private companies.
  3. Nominee: A unique feature of OPCs that separates it from other kinds of companies is that the sole member of the company has to mention a nominee while registering the company.
  4. No perpetual succession: Since there is only one member in an OPC, his death will result in the nominee choosing or rejecting to become its sole member. This does not happen in other companies as they follow the concept of perpetual succession.
  5. Minimum one director: OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.
  6. No minimum paid-up share capital: Companies Act, 2013 has not prescribed any amount as minimum paid-up capital for OPCs.
  7. Special privileges: OPCs enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess.

Steps in One Person Company Registrations

Step 1: Apply for DSC *

Step 2: Apply for DIN **

Step 3: Name Approval Application

Step 4: Documents Required

Step 5: Filing Forms with MCA

Step 6: Issue of certificate of Incorporation

* For Name availability under RUN Web service, there is no prior requirement to obtain DSC and DIN . It can be done with account login on MCA portal..

Minimum Requirements

  • Minimum 1 Shareholder.
  • Minimum 1 Nominee
  • Minimum Authorized Share Capital to be Rs. 1 Lac
  • Minimum 1 Directors
  • Only Indian residents can be Shareholder & Nominee
  • DIN (Director Identification Number) for all Directors
  • The directors and shareholders can be same person
  • Minimum 1 Director must be Indian Resident
  • DSC (Digital Signature Certificate) for 1 Promoters & 1 witness.

What All You Get

  • DIN for 1 Director
  • MOA + AOA
  • Customized Incorporation Master File
  • Bank Account Opening Document Support
  • Digital Signature Token for 2 Promoters & 1 witness
  • incorporation Certificate
  • Company PAN Card
  • Domain Name + Web Hosting
  • Company Name Approval
  • New Incorporation Kit
  • Company TAN/TDS Number
  • + 10 Email Ids for 1 year

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anmol ghai

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