One Person Company 2018-03-29T13:27:21+00:00

Advantages of making One Person Company in ease of business

Inquiry Form

Definition
Pricing
Inclusive
Documents
Registration
Faq’s

Definition

What is One Person Company (OPC)?

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own can start a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
Kou-Chan Services will provide boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. Since, no intervention from any third party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
One Person Companies are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial.

Advantages of OPC

  • A Separate legal entity

  • More opportunities, Limited liability

  • Easy Funding

  • Benefits under Income Tax Law

  • Credit rating

  • Benefits of being a Small Scale Industries (SSI)

  • Single Owner

  • Increased Trust and prestige

Pricing Details

Basic

12,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Standard

20,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Professional

30,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

For M3 Customer 10% Discount

Inclusive in One Person Company package

Documents Required OPC Registration

Identity and Address Proof

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarized copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

Registered Office Proof

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

Copy of PAN Card of owner
Passport size photograph of owner
Copy of Aadhaar Card/ Voter identity card
Copy of Rent agreement (If rented property)
Electricity/ Water bill (Business Place)
Copy of Property papers (If owned property)
Landlord NOC (Format will be provided)

Procedure For Registration

FAQ’s

At least one nominee is required to start an OPC who can act as shareholder as well as director.

Any individual/organization can become the member of One person company including foreigners/NRI’s.

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail

There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.

You need to have a bank account with a minimum balance. This could be as little as Rs. 5000. You don’t need to invest any more capital to start the business

A lot of people considering an OPC registration go with the private limited company structure because it is mandatory to convert an OPC to a private or public limited company if turnover is over Rs. 2 crore or paid up capital is over 50 Lakhs.

  • An OPC limited by shares must comply with following requirements :
    • Must have a minimum [paid up share capital of INR 1 Lac.
    • Shares will not be allowed to be transferred to anyone else.
    • An OPC is prohibited from giving any invitations to public to subscribe for the securities of the company.
  • When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
  • An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.

An OPC is exempted from doing the following compliances :

  • Sign on annual returns
  • Hold Annual General Meetings and Board Meetings
  • Sign on Financial Statements
  • Option to dispense with the requirement of holding an AGM
  • Power of Tribunal to call meetings of members
  • Calling of extraordinary general meeting
  • Notice of meeting
  • Statement to be annexed to notice
  • Quorum for meetings
  • Chairman of meetings
  • Proxies
  • Restriction on voting rights
  • Voting by show of hands
  • Voting through electronic means
  • Demand for poll
  • Postal ballot
  • Circulation of members’ resolution

Kou-Chan Services provides OPC incorporation services across Karnataka in all cities. We have done OPC registration in Bangalore, 10. Why should I choose Kou-Chan Services for OPC registration ?

Kou-Chan Services are the best financial support & service portals to help register OPC’s in India. We have well established network along with expertise team on your business needs in financial sector.