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Online One Person Company Registration

One Person Company is a type of Company which allows one person to operate a corporate entity. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).

One Person Company is a regularized form of Proprietorship. It can be formed with 1 Director and Member. It is a type of Company which allows one person to operate a corporate entity. However, a nominee must be appointed who will be the Director after incapacity of existing Director. Also, a One Person Company have to be converted into a Private Limited Company if its annual turnover crosses Rs.2 crores.

    Privileges of One Person Companies

    OPC enjoy the following privileges and exemptions under the Companies Act:
    ⦁  They do not have to hold annual general meetings.
    ⦁  Their financial statements need not include cash flow statements.
    ⦁  A company secretary is not required to sign annual returns; directors can also do so.
    ⦁  Provisions relating to independent directors do not apply to them.
    ⦁  Their articles can provide for additional grounds for vacation of a director’s office
    ⦁  They can pay more remuneration to directors than compared to other companies.
    ⦁  Several provisions relating to meetings and quorum do not apply to them.

    Process of One Person Company Incorporation

    • Process of One Person Company Incorporation
    • Then he should apply for the name of the company
    • After that he should get the consent of the nominee in the prescribed forms.
    • Then he shall file the consent along with the final incorporation forms with the Memorandum and Articles and other required documents
      • After that he shall receive the final incorporation certificate from the register of companies. Now he can commence business under the name.

      Documents Required

      ⦁  Copy of PAN – self attested for director and nominee
      ⦁  Copy of Aadhar – self attested for director and nominee
      ⦁  Copy of Passport/ Driving License/ Voter ID Card
      ⦁  Residential Proof – Copy of Bank Statement/ Bank Passbook/ Electricity Bill/ Mobile Bill/ Telephone Bill not older than 2 months for both director and nominee
      ⦁  Rent Agreement
      ⦁  Consent of nominee of proposed company in Form INC-3

      Completed Work

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