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One Person Company Registration
One Person Company means a company which has only one member' It shall also be important to note that Section 3 classifies OPC as a Private Company for all the legal purposes with only one member.
Benefits of One Person Company Registration
LIMITED LIABILITY
CONTINUITY OF EXISTENCE
CONTINUITY OF EXISTENCE
Limited Liability plays an major role in the decision as the partners are limited to the actions they make for the shares.
CONTINUITY OF EXISTENCE
CONTINUITY OF EXISTENCE
CONTINUITY OF EXISTENCE
The company would exist in succession fashion as the governmental body treats it as a separate entity in terms of law.
FUNDRAISING
CONTINUITY OF EXISTENCE
FUNDRAISING
For a One Person Company it can represent itself in seeding rounds to get investment from the Angel Investors and Venture Capital firms just like how Private limited Company.
LESS BURDEN
QUICKER ACTIONS
FUNDRAISING
As there are less legal Complexity involved in the One Person Company when compared to other registration methods, the person can concentrate more on the niche they belong to improve.
QUICKER ACTIONS
QUICKER ACTIONS
QUICKER ACTIONS
As you there is only one person to take actions and make the calls to what to implement and what not to, the turnaround time is much faster and the execution can be done soon too.
COMPLIANCE BURDEN
QUICKER ACTIONS
QUICKER ACTIONS
OPCs have been provided with a number of exemptions and therefore have lesser compliance related burden.
Procedure to register a One Person company
Name Approval
SPICe+ form application
Digital Signature
The proposed name is applied and obtained from the Ministry of Corporate Affairs. Upto 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names.
Digital Signature
SPICe+ form application
Digital Signature
Digital signatures must be obtained for the proposed directors of the company. Digital signature is required for signing of the incorporation application. However, digital signature is not required for obtaining the name approval.
SPICe+ form application
SPICe+ form application
SPICe+ form application
On obtaining the digital signature, the incorporation application can be submitted in the SPICe form with the MCA. There is no requirement for obtaining the RUN name approval for submission of SPICe Form.
Nominee Consent Form
Company current account
SPICe+ form application
Nominee is a person appointed by the member of the one person company (OPC) who shall, in the event of subscriber's death or his in capacity to contract becomes member/shareholder of the OPC.
INC- 3 has to be signed and prodby the said nominee.
Company Incorporation
Company current account
Company current account
Company is incorporated along with the incorporation certificate, PAN,TAN and GST Certificate within 3-4 working days.
Company current account
Company current account
Company current account
We can connect you with few relationship managers to pursue with opening of your newly incorporated company's current account.
Documents Required for Registration of One Person Company
Proof of Identity
Proof of Registered Office
Proof of Residence
Proof of Residence
Proof of Registered Office
Proof of Residence
Proof of Registered Office
Proof of Registered Office
INC -3 Nominee Consent Form
INC -3 Nominee Consent Form
Declaration by Subscribers & Directors
INC -3 Nominee Consent Form
Declaration by Subscribers & Directors
Declaration by Subscribers & Directors
Declaration by Subscribers & Directors
Other Required Information
Declaration by Subscribers & Directors
Declaration by Subscribers & Directors
