One Person Company Information

What is One Person Company?

A one person company is kind of business which is owned by a single person. In this kind of a business, the same person can both be the director as well as the shareholder. It’s a better option than a sole proprietorship and gives a person full control over the business while limiting his liabilities. An OPC is mandatorily required by law to convert into a Private Limited or Limited company should the average three-year turnover of the company cross 2 Crore or the paid-up capital is over 50 Lakh.

One Person Company Registration Process

1-5 Working Days

One of the directors has to apply for a Digital Signature Certificate (DSC) which is imperative for filing the company registration documents. You will be required to provide us with a few scanned documents and details; following which, our representatives will fill in the required forms and submit it online.

4-10 Working Days

As soon as the DSC has been applied for, we will get in touch with asking you to pick a name for your company along with a few scanned documents regarding the company and its directors. Once we receive the documents, we will file SPICe i.e. INC-32 along with the Memorandum of Association (MOA) and Articles of Association (AOA). After the process has been completed, you will receive a Certificate of Incorporation.

15-20 Days

Every company requires a registered Permanent Account Number (PAN) and Tax Account Number (TAN).For this we will upload the application online,but you need to courier the signed hard copies yourself.You will receive the PAN and TAN at your registered office within 21 working days.

Documents Required for Company Registration