One Person Company
One Person Company
A One Person Company is a company structure where a single individual acts as the sole shareholder. This type of company is typically chosen by founders or promoters who wish to establish a business under the name of a private limited company, ensuring limited liability. Entrepreneurs in the initial phases of planning their businesses often opt for the formation of a one person company in India rather than a sole proprietorship.
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Why Need LLP Registration?
The formation of an OPC offers numerous advantages that are not available with other types of companies. Therefore, if you are an aspiring entrepreneur looking to establish your own business, you can avoid the complexities and laborious procedures involved. In case you are interested in registering an OPC, you can rely on Legal Workmate for professional assistance with One Person Company Registration in India.
OPC is a separate legal entity different from its promoter and acts as a distinct judicial person. The one-person company has its own assets and liabilities. Due to the distinct entity promoter in OPC, it is not personally liable to repay the debts of the company.
In contrast, sole proprietorships involve the same individuals as both the business owners and the proprietors. Consequently, the law permits the seizure and sale of the proprietor’s assets in the event of non-payment of the business’s obligations.
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Documents Required..
Services Covered
- DIN of 1 Director
- DSC of 1 Director
- 1 copy of MOA & AOA
- Certificate of Incorporation
- Government fees (up to RS. 1 lakh authorised share capital).
- PAN & TAN card of company
- Name search & Approval
- Documents required
Proof For Directors/Shareholder
- Scanned copy of PAN card or passport (foreign nationals & NRIs).
- Scanned copy of AADHAR CARD.
- Latest bank statement or electricity bill.
- Passport size photo.
Proof For Registered Office In India
- Scanned copy of Notarized rental agreement in English.
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
- Scanned copy of No-objection certificate from the property owner.
Minimum Requirements
- Minimum 1 director/shareholder.
- Nominee must required.
- Directors and shareholders must be same person
- At least one director should be an Indian resident.
How To Do It?
Process of Limited Liability Partnership Registration
To initiate the process, kindly complete our company registration form, which will enable us to assist you further.
Please send us scanned copies of the required documents and necessary details for the registration procedure.
Once you have submitted all the documents, we will provide you with the necessary DSC.
We will take care of preparing the MOA, AOA, and any other forms essential for the registration process.
We will send you all the prepared documents for your careful review and verification.
On your behalf, we will submit all the forms and documents required for the company registration to the ROC.