One Person Company Registration

Reta Advisories provides OPC formation services @8999/- (Inclusive of all, No hidden cost). We will register your company within 3days*.

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One Person Company Registration/OPC

One Person Company Registration means a company which has only one person as a member and also shall indicate the name of the other person (Nominee), with his prior written consent in the prescribed form, who shall, in the event of the subscriber‘s death or his incapacity to contract become the member of the company and the written consent of such person shall also be filed with the Registrar at the time of incorporation of the One Person Company along with its MOA and AOA. It can be formed with ZERO capital also.
Registration services includes:
  Preparation of MOA, AOA

  DSC for 2 Directors with 2 years validity

  DIN for 2 Directors

  PAN & TAN

Features of One Person Company:

1. Private company: Section 3(1)(c) of the Companies Act says that a single person can form a company for any lawful purpose. It further describes OPCs as private companies.

2. Single-member: OPCs can have only one member or shareholder, unlike other private companies.

3. Nominee: A unique feature of OPCs that separates it from other kinds of companies is that the sole member of the company has to mention a nominee while registering the company.

4. No perpetual succession: Since there is only one member in an OPC, his death will result in the nominee choosing or rejecting to become its sole member. This does not happen in other companies as they follow the concept of perpetual succession.

5. Minimum one director: OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.

6. No minimum paid-up share capital: Companies Act, 2013 has not prescribed any amount as minimum paid-up capital for OPCs.

7. Special privileges: OPCs enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess.

Required Documents for One Person Company Registration

ID Proof of Directors
(Driving License/ Voter ID/ Passport)

Address Proof of Directors

Aadhaar and Pan of Directors

Rental Agreement & Utiliy Bill
(For registered address of company)

Legal Compliances Of The One Person Company Registration

Companies Act, 2013:

1.   Section 173(5) requires the One Person Company to conduct at least one board meeting in each half of the calendar year. The gap between two meetings should not be less than 90 days. However, if the company has only one director then such meeting requirement does not arise.

2.   Section 137(1) of Companies Act 2013 requires the company to adopt its financial statements in a board meeting and get it signed by the directors. Such financial statements should be signed by one of the directors. After getting it signed by the board of directors, audited financial statements are to be filed electronically in Form AOC-4 within 180 days from 31st March of the financial year with the registrar of companies.

3.   A Chartered Accountant in practice must be appointed as auditor within 30 days from the date of incorporation as the first auditor of the company.

4.   Annual return to be filed by OPC with Registrar Of Companies within 180 days from 31st March of the financial year.

Income tax act, 1961:

1.   As per income tax act 1961, every company shall file income tax returninForm ITR 6 before due date. In generally due date is 30th Sep.

2.   If turnover of the company exceeds 1 crore, it shall comply with 44AB (Tax Audit) as per income tax 1961 by a Chartered Accountant.

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