One Person Company
At Shlok Tax Wala, we’re dedicated to simplifying and streamlining the filing process, making it smart, straightforward, and cost-effective. Our mission is to support your business growth and enhance its value by leveraging our expertise. With our efficient services, we ensure your company registration is completed swiftly within just 7 days.
Get your Registrations for One Person Company Now!
At Shlok Tax Wala, we specialize in facilitating One Person Company (OPC) registrations, offering a straightforward and efficient process. Governed by the Companies Act 2013, an OPC requires only one person as a member and must be incorporated as a private limited company. With a minimum of one director and a maximum of 15, an OPC serves as a hybrid of sole proprietorship and company forms of business, benefiting from concessional or relaxed requirements under the Act.
In cases where the Articles of Association lack a director’s name, the member of the OPC is deemed as the director. Our services ensure a swift OPC registration process, completed within just 10 days, along with comprehensive compliance support. Feel free to reach out to our experts for further information on Partnership registration and other related queries.
Benefits of One-Person Company
At Shlok Tax Wala, we recognize the numerous benefits of One Person Company (OPC) structures:
#1 Limited Liability: Shielding the sole member from personal liability for company debts and obligations.
#2 Continuity: The OPC remains a separate legal entity, capable of continuation even after the sole member/director’s demise, facilitated by a nominee director or transfer.
#3 Enhanced Credibility: Mandated annual audits of its books enhance the OPC’s credibility.
#4 Exemption from Meetings: OPCs are exempt from holding Annual General Meetings and Extraordinary General Meetings, reducing administrative burdens.
#5 Simplified Reporting: Obligations such as the submission of cash flow statements are not required, streamlining reporting processes.
#6 Minimal Compliance: With fewer compliance requirements, OPCs offer simplicity in regulatory adherence.
#7 Ease of Initiation: Starting an OPC is straightforward, making it accessible to entrepreneurs.
#8 Prompt Decision-making: As the sole decision-maker, the OPC’s proprietor enjoys the freedom to make quick decisions.
#9 Control: Maintaining control over the company’s rights and operations is inherent in the OPC structure.
By opting for an OPC structure through Shlok Tax Wala, entrepreneurs can leverage these benefits to establish and grow their businesses with confidence and efficiency.
Papers and Forms Required
Here are the papers and forms required for One Person Company (OPC) registration:
Identity Proof of Company:
#1 PAN Card of the company.
Address Proof of Company:
#2 Address proof documents of the company.
Proof of Nationality for Foreign Nationals:
#1 Proof of nationality for foreign nationals involved in the company.
Latest Electricity Bill, Telephone Bill & Bank Statement of Partners:
#1 Recent utility bills (electricity bill, telephone bill) and bank statements of partners for address verification.
Photo (Digital):
#1 Digital photos of partners.
Specimen Signature:
#1 Signature samples of partners.
Rent Agreement with NOC from Landlord (if the property is on rent):
#1 Rent agreement along with a No Objection Certificate (NOC) from the landlord, if the company operates from rented premises.
Bank Account
Ensuring the completeness and accuracy of these documents is crucial for a smooth OPC registration process.
Mandatory Documents
Here are the mandatory requirements for One Person Company (OPC) registration:
#1 Minimum 1 Member/Director:
#1 At least one individual is required to act as a member and director of the OPC.
#2 Maximum 15 Members/Directors:
#3 The OPC can have a maximum of 15 members/directors.
#1 One Nominee:
#1 A nominee must be appointed by the sole member/director to take over the affairs of the OPC in case of their death or incapacity.
#1 Unique Company Name:
#1 The company name must be unique and not similar to any existing registered companies.
#1 Minimum Authorized Capital of INR 1 Lakh:
#1 The OPC must have a minimum authorized capital of INR 1 Lakh.
#1 DSC & DPIN of Member/Director:
#1 A Digital Signature Certificate (DSC) and Director Identification Number (DPIN) must be obtained for the member/director.
Adhering to these mandatory requirements is essential for the successful registration and compliance of the OPC.
Compliances mandatory for Nominee Inclusion
Incorporating a nominee in the memorandum of association (MOA) of a One Person Company (OPC) is obligatory. This nominee would be tasked with managing the affairs of the OPC in the event of the member’s demise, death, or incapacity. The MOA must also feature the nominee’s consent, which is subsequently submitted to the Registrar along with the MOA and AOA.
Key points regarding nominee inclusion:
#1 Filing Nominee Consent with the Registrar:
#1 The nominee’s consent must be submitted to the Registrar as part of the registration process.
#2 Nominee Change:
#2 OPC members retain the right to change the nominee for any reason. In such instances, a fresh nominee consent form must be filed with the Registrar.
#3 Penalties for Non-Compliance:
#1 Failure to adhere to nominee requirements can result in penalties. The penalty could amount to INR 10,000/- or INR 1,000/- per day, depending on the duration of non-compliance.
#4 Exclusion of Minors:
#1 Minors are ineligible to serve as members or nominees in an OPC.
Adhering to these guidelines ensures compliance with legal regulations and promotes transparency within OPC operations
Registration Process
Frequently Asked Questions
You can get it easily by using our expert services, it will usually take 10-12 days. You are required to fill a simple 20 min questionaries’ on our website
This is simplified proforma for incorporating company online under which multiple applications can be filled under one form.
An individual can be a member of a one-person company including foreigners/NRI’s.
No, foreign direct investment is not allowed in case of OPC.
In case of death of the member, nominee takes over the activities of the company and must intimate the same to the registrar within 15 days.
There are no such hidden charges, everything is including in package.
Private company must be formed with 2 or more directors, though one-person company needs only one member to get it registered as a company.
OPC cannot be registered as a Section 8 company i.e. company with the charitable purpose.
Penalty of 10000/- of 1000/-per day of penalty can be levied in case of violation of OPC provisions.
Most people also prefer private limited company registration because it is mandatory to convert an OPC to a private or public limited company if its turnover exceeds 2 Crores and paid up capital exceeds 50 lakhs.
We have various packages available starting at INR 5,812/- to carry out the registration process.
No, this is completely online process. All papers and forms will get filled electronically. You just need to send us scanned copy. Some papers and forms will also have to be couriered to our office.
It will not take longer than 12 days subject to the availability of the papers and forms.
No, a member and a nominee are not allowed to register themselves in more than one OPC.
It will be provided as a PDF given by MCA.