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One Person Company in India by Legalraasta

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What is the meaning of One Person Company in India and explain about its process of Incorporation.
To register your OPC, visit https://www.legalraasta.com/one-person-company-registration/

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One Person Company in India by Legalraasta

  1. 1. YOUR ONLINE COMPANION FOR COMPANY, TAX AND LEGAL MATTERS. WWW.LEGALRAASTA.COM ONE PERSON COMPANY GUIDE - INDIA
  2. 2. MEANINGOFONEPERSONCOMPANY What is a One Person company The idea of One Person Company (OPC) in India was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. One of the main benefit of an OPC is only one member is required in a OPC, while a minimum of two members are required for forming and maintaining a Private Limited Company or a Limited Liability Partnership. An OPC since has a separate legal entity and it ensures protection to owner by limiting his liability, easy to set up and maintain comparatively. But, if an OPC exceeds a turnover of over Rs. 2 crore or has a paid-up capital over and above Rs. 50 lakhs, it must be turned into a private or public limited company within six months.
  3. 3. ADVANTAGESOFONEPERSONCOMPANY Separate Legal Entity An One Person company is a legal entity and a juristic person established under the Act. Limited Liability Member’s personal assets are safe and liability of members is limited to the assets of company. Uninterrupted Existence A company has perpetual existence and stays unaffected by death of any of its members or change in ownership. Borrowing Capacity Banks and financial institutions prefer lending to the company rather than proprietary firms. So it is preferable to register your startup as a One Person private limited rather than proprietary firm. Full Control as the Sole owner The more are the members the more longer time it takes to take a decisions and execute them. Being sole owner ensures that you can take quick decisions and executions. ADVANTAGES
  4. 4. PROCESSOFINCORPORATION The whole process may take 13-17 days depending on the approvals from ROC Application for registering DSC of Director – 1 day Application for DIN/DPIN – 1 day Name Approval- After first 2 complete. 4-6 days Drafting and Filing of MOA/AOA 2-3 days Filing Incorporation Documents – 1 day & Incorporation Certificate 4-5 days Key steps of formation of One Person Company
  5. 5. DOCUMENTREQUIRED Documents in respects of Owner • Pan Card Copy • ID Proof – Aadhaar Card/ Voter's ID/ Passport/ Driving License • Residential Proof - Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill • Passport Size Photograph Other documents • Latest Electricity Bill/ Telephone Bill/ Gas Bill for registered office address • Rental Agreement (if rented property) • Sale Deed/ Property Deed (for owned property) Documents that will be sent by us for your attestations/signatures • MOA and AOA • Consent Letter • NOC - No Objection Certificate
  6. 6. PACKAGESOFONEPERSONCOMPANY Inclusions Basic Standard Premium Consulting/ Advisory Services ● ● ● DIN of one Director ● ● ● 1 DSC USB Token-2 year validity ● ● ● Government Fees for name Approval and Incorporation ● ● ● Stamp Duty For Incorporation ● ● ● Government Fee for 1 Lakh Capital ● ● ● Drafting of MOA and AOA ● ● ● Drafting and Filing of all documents pertaining to Incorporation ● ● ● OPC Incorporation Certificate ● ● ● PAN Card for Company ● ● ● Tan Registration ● ● ● Trademark Registration ● ● Domain Name ● Package price (Rs.) 12,499 17,899 19,399
  7. 7. ABOUTLEGALRAASTAANDTEAM About us We are committed to helping you grow your business and add value through our expertise. We aim to deliver a hassle-free experience so that you can focus on your core business. Our mission is to offer affordable, quick and automated professional services to clients. Through technology, we bring numerous government/ legal forms at one place and have simplified them to be fully understood by common man. Legalraasta.com is a one destination for your legal matters relating to: 1. Forming any type of business entity (e.g, Pvt. Ltd Co, LLP etc) 2. Filing individual and company return 3. Helping on company compliances such as ROC filings & minutes 4. Protecting work through trademark & copyright Our team LegalRaasta.com has been founded by a team of Chartered Accountants and professional advisors. We currently have a network of 100+ professionals including experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers and Bankers. Pulkit Jain, founder of Legalraasta, has over 5+years experience in CA and Legal domain. He has worked with the top CA firms in India and has served large corporate and MNCs
  8. 8. WHYCHOOSEUS Cost effective Businesses are always under intense time and cost pressures. With our great packages 40% savings are ensured compared to typical CA/ Lawyer Expertise By teaming up with us , you will have an access to network of 100+ experts. You can gain the peace of mind in knowing that your accounting tasks are done properly by qualified, experienced and knowledgeable professionals in the field. Easy Online Process You don’t have to deal with the typical headaches involved with face to face meeting and visiting government offices. Our process is 100% online. Fill out simple forms – and you are done!! Trusted We are a trustworthy partner which has been serving startups & companies for past several years. Our growth numbers stand as a testimony: • 200+ clients • 100+ services • 30+ testimonials Partner/ Affiliations We are an e-filing intermediary and have been facilitating filing of hundreds of e-returns. We are also registered with e-mudhra for issue of Pan cards. There are multiple other associations with CA & legal firms. Our site has been secured by SSL to protect your personal & payment details
  9. 9. CONTACTUS Corporate office B-186, Lok Vihar, Pitampura, Delhi 110034 India Our team always endevour to serve you best. Feel free to reach out to us at: www.legalraasta.com Mail: contact@legalraasta.com, M: +919999379929

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