OPC Company Registration

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OPC Company Registration

One person Company Registration

One Person Company (OPC) Registration, which was launched in 2014 to provide a better platform for individuals who wish to have a business registration with better credibility than a proprietorship firm. Apart from giving single promoter full control over the company, One Person Company also limits the liability of the owner. Online company registration of One Person Company (OPC) is very simple and it offers various advantage to owners. One Person Company has no scope of raising equity funding or offering employee stock options. OPC can be converted into Private or Public Limited Company. One Person Company can be registered in Delhi through MaxBusiness.

One Person Company Registration in Delhi takes about 10 days time. Cost of company registration Delhi would be in range of Rs. 10,500/-.

What is included in our company registration package?

DIN for 1 Director
Digital Signature For 1 Director
Name approval
MOA/AOA
ROC registration Fees
Company Pan Card
TAN number

Documents Required For One Person Company Registration?

For Director and Nominee

PAN Card or Passport (Foreign Nationals & NRIs)
Aadhar/Voter’s ID/Passport/Driver’s License
Passport Size Photograph

For Registered Office

Latest Bank Statement/Telephone/Mobile/Electricity /Gas/Water Bill
Copy of Rent agreement (If rented property)
Copy of Property papers (If owned property)
Landlord NOC (Format will be provided)
Your registered office need not be a commercial space; it can be your residence, too.

Advantages of OPC

Liablity

Scared of implication? Don’t Worry! Director’s (Owners) Liability is Limited in case of any defaults in One Person Company (OPC)

Future Options

Have plans for Future? One Person Company can be converted into Private Limited Company whenever required

Crediblity

Big Corporates wary to do business? One Person Company (OPC) enjoys better credibility than a Proprietorship Firm

Tax Advantage

Want to be Tax efficient? One Person Company is much more Tax Efficient than a Proprietorship Firm

Interested to Know More about our services? Talk to us at 01149095741/41101741

FAQ’S

Q. Are the annual compliances for OPC costlier than other forms of Company Registration?

The cost of annual compliances of One Person Company (OPC) is slightly higher than Firms and LLP but are cheaper than Private Limited Company. This is mainly due to the difference in government fees.

Q. How difficult it is to shift the registered office of OPC?

The shifting of address of OPC (One Person Company) is fairly simple if it is to done within state but the process is very cumbersome if the address has to be changed to different state and many departments are involved. The cost for Inter state transfer is also very steep.

Q. How much time does One Person Company Registration takes (OPC)?

One Person Company Registration in Delhi takes about 7-10 working days and the process has been simplified.

Q. What is the biggest advantage of having One Person Company Registration (OPC Registration)?

One Person Company Registration in Delhi or India exonerates Director from Liability for the One Person Company.

Q. What is TAN?

TAN is an alphanumeric 10 digit number required by a person who is liable to deduct TDS and file TDS return. All Private Limited Company and LLP needs to have mandatory TAN number. This number allotted is mandatory to mention in all TDS Certificates issued, returns, challans etc. If a person fails to apply for TAN he may be penalised upto Rs. 10,000/-

Q. Why is OPC or One Person Company Registration better than a firm registration?

Yes, One Person Company Registration is a better form of company registration as it allows the owner to reduce their liability and also it is a more credible form of doing business.

Q. Is the compliances of OPC as new company registration simpler than Firm Registration in Delhi?

No, One Person Company Registration has more complex compliances than Firm Registration.There are few compliances which needs to be done in 6 th month of every FY.

Q. Can we register our One Person Company (OPC Registration) at our Home Address?

Yes, you can register your One Person Company (OPC Registration) at your residential address.

Q. Who is a nominee in a One Person Company Registration?

A nominee is a person who in the event of death or disability of the subscriber of the One Person Company Registration shall assume his position.

Q. Can I appoint my wife as my nominee for my One Person Company Registration?

Yes, can be appointed as a nominee for one person company registration provided she holds a correct PAN in her name.

Q. What is the main drawback of an One Person Company Registration?

The MCA is skeptical about a single person in charge of a large corporation. Therefore, it requires all One Person Company Registration to be converted into private limited or public limited companies on crossing a certain revenue number.

Q. Can I form two or more One Person Company Registration?

No, a member can’t incorporate more than One Person Company Registration as under Companies (Incorporation) Rules, 2014. , a Nominee can’t be a nominee and a member in two One Person Company Registration.

Q. When does a One Person Company Registration (OPC Registration) require to convert itself mandatorily?

A One Person Company (OPC Registration) is required to be converted into a private limited company or Public Limited company when it crosses the threshold limit of paid-up capital of Rs. 50 Lakhs or Average Turnover of Rs. 2 Crores in any year.

Q. Is an office required for starting a One Person Company (OPC) registration?

An address in India where the registered office of the One Person Company (OPC) registration will be situated is required. The premises can be a commercial / industrial /residential where communication from the MCA will be received.

Q. What if the Nominee of an OPC registration is now the member of the OPC registration and at the same time holds the position of the member in other OPC registration?

If a member of an OPC registration becomes the member of another OPC registration then within 180 days he will be required to fulfil the statutory eligibility criteria for becoming a member of only one OPC and will have to withdraw his membership from either OPC.

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