Charges includes only Professional Fees. It excludes Digital Signature Certificate and Government Filling fees.
 
YOU WILL GET
Company Name Approval
Incorporation Certificate
PAN Card
TAN Number
PF + ESIC +Professional Tax 
DIN for 2 Directors
Digital Signature Token 
AOA: Articles of Association
MOA: Memorandum of Association 
 
One-Person Company (OPC) Registration
Entrepreneurs seeking limited liability and a distinct legal identity often opt for registering a One-Person Company (OPC). This unique business structure allows a single individual to operate as a company, combining the advantages of a sole proprietorship with the legal protection of a private limited company. CFMToday specializes in simplifying the OPC registration process, providing expert guidance from document preparation to filing, ensuring entrepreneurs navigate legal formalities effortlessly.
Introduction to One Person Company (OPC)
Introduced under the Companies Act of 2013, One-Person Company (OPC) registration enables a single individual to establish a company, benefiting from both sole proprietorship and traditional company structures. This concept, available since the implementation of the Companies Act in 2013, aims to promote entrepreneurship and formalize Micro, Small, and Medium Enterprises (MSMEs). As per Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member, both roles held by the same individual.
Eligibility Criteria
To register an OPC, individuals must meet specific eligibility criteria:
Natural Person and Indian Citizen: Only Indian citizens who are natural persons can establish an OPC; legal entities like companies or LLPs cannot.
Resident in India: Promoters must be residents of India, having resided in the country for at least 182 days in the previous calendar year.
Minimum Authorized Capital: The OPC must have a minimum authorized capital of Rs 1,00,000 as stated in the company's capital clause during registration.
Nominee Appointment: A nominee must be appointed during incorporation to become a member in the event of the promoter's death or incapacity.
Restrictions on Business Activities: OPCs cannot engage in financial activities such as banking, insurance, or investments.
Conversion to Private Limited Company: If the OPC's paid-up share capital exceeds 50 lakhs or its average annual turnover surpasses 2 Crores, it must convert into a private limited company to comply with regulatory requirements.
Advantages of One Person Company (OPC)
OPCs offer several advantages, including:
Legal Status: OPCs have a separate legal entity, shielding the founder from personal liability for company losses.
Easy Fundraising: Private companies like OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms.
Reduced Compliance: OPCs enjoy exemptions from certain compliance requirements under the Companies Act, 2013, simplifying administrative obligations.
Simple Incorporation: OPCs require only one member and one nominee, with the member also serving as the director, simplifying the incorporation process.
Efficient Management: With a single person managing the OPC, decision-making is swift, leading to efficient company management without conflicts or delays.
Perpetual Succession: OPCs maintain perpetual succession, ensuring the company's continuity even with only one member.
Disadvantages of OPC
Despite their advantages, OPCs have limitations:
Suitable for Small Businesses: OPCs are primarily suitable for small-scale businesses as they can only have one member, limiting their ability to raise additional capital as the business expands.
Restriction on Business Activities: OPCs cannot engage in certain activities, such as non-banking financial investments and charitable objectives.
Ownership and Management: There's a lack of clear distinction between ownership and management in OPCs, potentially leading to ethical concerns or conflicts of interest.
Required Documents
Essential documents for OPC registration include:
Memorandum of Association (MoA)
Articles of Association (AoA)
Nominee's consent, along with their PAN card and Aadhaar card submitted via Form INC-3
Proof of Registered Office
Declaration by the proposed director in Form INC-9 and their consent in Form DIR-2
Declaration by a qualified professional certifying legal compliance
Registration Process
The registration process involves:
Obtaining a Digital Signature Certificate (DSC)
Obtaining Director Identification Number (DIN)
Name Reservation
Preparing MOA and AOA
Filing Forms with the Registrar of Companies (ROC)
Obtaining Certificate of Incorporation
Why CFMToday for OPC Registration?
CFMToday simplifies OPC registration with expert guidance, ensuring compliance with all legal requirements. Our commitment to accuracy and compliance, along with dedicated support, makes us the ideal partner for entrepreneurs embarking on their OPC journey.
Post-Incorporation Formalities for OPC
Following incorporation, specific compliance formalities must be adhered to, akin to those applicable to private limited companies. CFMToday's experts are ready to assist in fulfilling OPC compliance requirements, ensuring your business remains in full legal compliance.