Business
All Categories

Best One Person Company Registration Service Provider In New Delhi

 

Get Your One Person Company Registered By Experts With An All Inclusive Prices.

  • DSC&DIN
  • OPC Name Reservation
  • MOA& AOA
  • Corporate Identification Number

Looking For One Person Company Registration Service Provider

Fill the form to submit Enquiry

By clicking Submit, you agree to our terms of use.

filters

Category

City

Ratings

No One Person Company Registration Service Providers in New Delhi

Show More Show Less

One Person Company Registration

0 ( 0 reviews )

Introduction of One Person Company

One Person Company or OPC is a kind of proprietorship firm where the company is formed by a single person. Getting One Person Company Registration is very easy. LocalVyapar is one call away from your OPC Registration.

What is One Person Company Registration in New Delhi?

The One Person Company was recently grown up as the strong improvement over the sole proprietorship. It is entirely a new concept which gives full control over the company to the single promoter while limiting its liability or duties to contribute to the business.

However, there is no road to raise an equity funding or offering the employee stock option in One Person Company in the early stage of the period. Into the bargain, If One Person Company anytime hits an average three- year turnover of over Rs 2 crore or has paid- up capital of over Rs 50 lakhs then it must be turned into the private limited company or public limited company within the six months.

LocalVyapar has a track record of registering thousands of One Person Company in New Delhi. LocalVyapar is working round the clock to serve their client the best consultancy and service.

One Person Company Registration under Companies Act 2013

Section 2 (62) of the Companies Act, 2013 defines OPC as a company which has only one person as a member.

Looking at the legal nature of OPC then we will see OPC can be registered only as a private limited company.  This means that all the provisions that are applicable to the private company will be applied to OPC unless otherwise expressly excluded in the act or rules made thereunder.

Procedure for One Person Company Registration in New Delhi

  • Apply for DSC

For One Person Company Registration, one needs to apply for DSC. DSC is a Digital Signature Certificate which is necessary to file the one person company registration documents. DSC is used for filing the electronic documents at ROC. To obtain a DSC you need to provide us the scanned documents and details and our team will get back to you and fill your form and submit that online.

  • Obtain the DIN

Once you get your DSC, the next step is to obtain the Director Identification Number of the proposed director in SPICe Form along with the name and the address proof of the sole director.

  • File the Name Approval Application

Now, the next step while incorporating an OPC is to choose a name for the company. The name of the company will be in the form of “XYZ” (OPC) Pvt Ltd Company.

You can register the name of the company in two ways-

  1. Make an application in the Spice Form or
  2. Using RUN Form web service of MCA where you are permitted to give two proposed names and one re-submission while Reserving Unique Name (RUN) for the company.

Once the name is approved by the MCA we can move to the next step.

  • Drafting of MOA and AOA

For OPC registration, one needs to prepare the Memorandum of Association (MoA) and Article of Association (AoA). These two documents are the most important document for OPC registration.

MoA describes the object of the company, the power of the company and on the other hand, the AoA will detail about the rights and duties, rules and regulation that will be followed in the course of business.

These documents need professional research and knowledge of the law, so it is advisable to draft these documents with the help of professionals. LocalVyapar has the back of the highly professional team who will draft your documents with deep research and expertise.

  • The signing of Memorandum and Article of Association

The MoA and AoA of the company must be signed by the sole member who is also going to be the subscriber of the memorandum in which the details like his name, address, description, and occupation will be discussed. The documents will be signed in the presence of the at least one witness who must also attest the signature and must also sign and give the details.

Documents Required for OPC Registration

  • Submission of MoA and AoA

MoA and AoA are the two important documents that need to be submitted at the time of OPC registration.

  • Affidavit of the subscriber and the Director

The affidavit will be submitted by the proposed director in the consent who has subscribed to the memorandum and article of association in the Form INC- 9 and DIR-2.

  • Consent of Nominee

As you know, One Person Company is formed by One person and there is no certainty of life so to avoid any future chaos a nominee on the behalf of such person is appointed. Furthermore, in case the sole member becomes incapacitated or cannot perform duties the nominee will perform the same duties on the behalf of the director.

His consent will be filed in Form INC-3 along with the PAN Card and Aadhar Card.

  • Proof of the Registered Office

Documents like Aadhar Card, Electricity bill; Phone Bill is required to submit as the identity proof whereas the proof of the registered office of the proposed company along with the proof of ownership and a NOC from the owner. If in case the property is on rent then a Rental agreement is required. 

  • Filing Forms with MCA

All the documents attached to SPICe Form- MOA and SPICe-AoA along with the DSC & DIN of the Director and will be uploaded to the MCA site for the approval. After submission of SPICE form, PAN and TAN will be automatically issued by the MCA. No seprate form is reqquired to be filed for PAN and TAN.

  • Certification of Documents

A declaration submitted by professional certifying that all documents are made properly.

  • The issue of the Certificate of Incorporation

After the verification, the Registrar of Companies will issue a Certificate of Incorporation and we can commence our business.

You can easily register your One Person Company Online. You just need to prepare your documents and contact us. We will do after work.

What are the Eligibility Criteria for OPC Registration?

The following is the eligibility criteria for OPC Registration in New Delhi. Only a natural person who is a citizen of New Delhi and resident in New Delhi-

  • is  a person who is eligible to incorporate an OPC
  • is eligible to be a nominee for the sole member of an OPC
  • A resident of New Delhi is a person who has stayed in New Delhi for at least 182 days in the preceding one year
  • If an OPC exceeds a turnover of over Rs 2 crores or has a paid-up capital above Rs 50 lakhs. It must be turned into a private or public within six months.

Advantages of One Person Company Registration in New Delhi

  • No Minimum Capital

There is no minimum capital required for OPC registration. However, the maximum Authorize capital of One Person Company shall not exceed Rs 50 lakhs at any point in time.

  • Limited Liability

There is a limited liability related to One Person Company which means the liability on the Director is limited. The personal asset of the Director won’t be attached to the debt of the business. The property is safe.

  • Less Compliance

The compliances under OPC registration are very less as compared to any other company. Minimum paperwork is done.

  • Continuous Existence

The death or illness or incapacity of the director won’t disturb the ongoing process of the company as the nominee director will hold the rope to continue the business.

  • Greater Credibility

As an OPC needs to have its books audited annually, it has the greater credibility among the vendors and the lending institution.

  • Easy to Set up and maintain

LocalVyapar registers the One Person Company in the blink of the eye.

  • No legal Disputes

Now, when the company will be registered with one person then there is no chance of any legal disputes arises between the director and any chance of ego clashes which usually happen.

How to Convert an OPC to a Private Limited Company?

When mandatory conversion of One Person Company to Private Limited Company is needed in the case when OPC stands on some parameters like-

  • The effective date of the increase in the paid-up share capital of a One Person Capital beyond rupees 50 lakhs and
  • An increase of annual turnover in preceding three consecutive financial years beyond rupees two crores

If any time the OPC fulfill the above criteria the company shall be mandatorily required to convert itself into either a private or a public company.

Voluntary Conversion of OPC to Private Limited Company

  • OPC cannot incorporate itself into the private company or public company before two years has been passed from the date of incorporation.
  • If the time period has elapsed and two years have been passed then OPC can convert itself into a private company or public company.
  • The conversion should be according to the rules and regulations that are laid down by the Companies Act, 2013 under section 18 and Rule 7(4) of the Companies (Incorporation) Rules, 2014

Mandatory Compliances for One Person Company Registration in New Delhi

The following are the basic mandatory compliance for One Person Company Registration which is as follows:-

  • At least one Board Meeting in each half of the calendar year and the time gap between the two Board Meetings should not be less than 90 days.
  • Maintenance of proper books of accounts.
  • Statutory audit of Financial Statements.
  • Filing of business income tax returns every year before 30th September.
  • Filing of Financial Statements in Form AOC-4 and ROC Annual return in Form MGT 7.

The Penalty for Non-Compliance of One Person Company in New Delhi

If an OPC or any officer of such company contravenes the provisions of Co. Incorporation Rules, 2014, such contravening party will be punishable with fine which may extend to Rs. 10,000/- and with a further fine which may extend to Rs. 1000 for every day after the first during which such contravention continues.

How it works?

 

Q. How to hire a professional from Local Vyapar?

Since we connect you with the best service professional, we need your requirements in a detailed manner. So first you insert your search in the search bar and fill up the details asked in the form. You need to fill up your location so that we can match with the best service professional near by you. After submitting the details, matched professionals will get in touch with you and you can check, compare their ratings, reviews, quotes and hire the right professional.

Q. Why LocalVyapar?

- We follow certain parameters and process to onboard service professionals on our platform which includes not only their portfolio, document verification but also their background checks to ensure the best quality for our customer.

- We make sure about delivering services with in your budget and that's why keep the affordablity factor in mind while onboarding the professionals and designing the further process.

- Customers are the top most priority for LocalVyapar and we make sure about 100% customer satisfaction and assist our customers personally if required anytime.

- We closely monitor all our service professionals and the services delivered by them. We have strict guidelines for them to follow and to maintain the quality standard we take strong actions against like blacklist, refund, penalty on them.

Frequently Asked Questions

 

Q. How the payments will be done for service?

The service professional will send you the link via sms or email where from you can pay the amount through credit card, debit card, netbanking and you can also pay by cash when service professional come to your doorstep. 

Q. Will I be able to see the portfolio and discuss with the professional before hiring?

Yes. You can check their portfolio or even can ask them to share more work once you get the contact details of service professional. You can have a detailed discussion before hiring any service professional.

Q. Why should we choose OPC as a form of business?

An OPC is a good option to run a sole proprietorship but under the blanket of a private ltd company.

Q. Who can register an OPC?

Only the Indian Resident can register OPCs as it has only one director as per the specification of the Ministry of Corporate Affair.

Q. What is the mandatory Requirement of an OPC?

OPC businesses shall maintain books of accounts complying with statutory audit requirements and submit income tax returns and annual filings with the RoC.

Q. Is there any tax advantage available to an OPC?

No there are no special tax advantages available for OPC. Tax is paid at the flat rate of 30% on profits.

Q. How much cost is required to run an One Person Company in India?

The Cost of the OPC is marginally lower than that of a private limited company but it takes around 12,000 to incorporate and around 15,000 a year as compliance fees or an auditor fees who will inspect the books of account will charge separately.

Q. Can a director start more than one OPC?

No, an individual can only form one OPC at a time. Furthermore, the rule applies to the nominee in an OPC too.

Q. Do I need to be present during OPC registration process?

OPC registration is 100% online process. No need to be present physically to our office or ministry of corporate affairs. We will send our personnel to your home or office for document signature.

Q. How much time is required for OPC Registration in India?

Usually, we register a company in 7 business days.

Q. What is the validity of the OPC registration?

A registration certificate issued by the registrar of the business is valid until infinite until you are meeting applicable compliant.

Q. Why do we need to appoint Nominee in OPC?

As we know, that the OPC is one man army but at the same time what happens if that one man gets hurt. So, for that purpose, we need to appoint a nominee. He will be not come into the picture until or unless the director met with some any consequence.

Q. How much capital is required to start an OPC?

You can start your OPC business with authorized share capital Rs. 1 lac only and there is no difference in capital structure as compared to a private limited company.

Q. How to register One Person Company Online?

After the initiation of Digital India or Skill India, you can register your One Person Company online. Just contact us at contact@localvyapar.com we will reach you back right after the query arises.

Recommended Services

Download the Partner App!

Your journey to building your business begins here. Sign up now and get access to premium features!

Enter your mobile number and get the link

Copyright © 2019 LocalVyapar. All Rights Reserved.