One Person Company

Register Your ONE PERSON COMPANY AT 2999

ONE PERSON COMPANY REGISTRATION IN INDIA

How To Registered One Person Company
1 Call Or Mail To Naya Registration
2 Discuss With Naya Registration (Professional)
3 Provide Us Necessary Docuemtns With Us
4 REGISTERED YOUR ONE PERSON COMPANY WITHIN 3 DAYS
img
img

ONE PERSON COMPANY REGISTRATION IN INDIA

WE NAYA REGISTRATION ARE HERE TO PROVIDE QUICK AND AFFORDABLE SERVICES TO REGISTER A ONE PERSON COMPANY THROUGH 100% ONLINE PROCESS. OUR SERVICES ARE TRUSTED BY THOUSANDS OF BUSINESSES IN ALL MAJOR CITIES OF INDIA. ONE PERSON COMPANY REGISTRATION IS HIGHLY PREFERRED BY STARTUPS.AND WE HAVE REGISTRATION OF ONE PERSONCOMPANY REGISTRATION IN INDIA ( ONE PERSON COMPANY INCORPORATION IN INDIA ) BY MORE THAN 10000 COMPANIES.

BENEFITS

Advantages of One Person Company Registration

Easy Fund Raising

One Person. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Separate Legal Existence

Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.

Owners’ Limited Liability

The company’s obligation or debts of does not create a charge over the owner’s personal assets. Their liability stays limited only to the capital subscribed and unpaid by them.

Management and Ownership Separation

The separate ownership and management help both – the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in the form of voting

Documents required to register One Person Company

1. SELF ATTESTED PAN CARD, OF DIRECTOR.

2. SELF ATTESTED AADHAR CARD , OF DIRECTOR.

3. ANY ONE BANK STATEMENT/ ELECTRICITY BILL/ TELEPHONE BILL/ MOBILE BILL OF DIRECTOR.

4. E-MAIL ID& MOBILE OF BOTH DIRECTORS.

5. REGISTERED OFFICE ADDRESS (ELECTRICITY BILL) IN CASE OF RENTAL THEN RENT AGREEMENT AND RENT RECEIPT.

6. ONE PASSPORT SIZE PHOTO OF EACH DIRECTOR.

WHAT IS INCLUDED IN THIS PACKAGE?

Lets Start With Proper Conceptual Knowledge :

Meaning of One Person Company

As the name suggests, a One Person Company is a form of private company with separate legal entity which is formed with only one person as its member. Since such companies have only one member, these companies enjoy certain privileges or exemptions as compared to other companies.

Definition

As per Section 2(62) of the Companies Act 2013,” One Person Company means a company which has only one person as a member.”

Salient Features of One Person Company (OPC)

  • • A One Person Company can be incorporated as a private limited company only.
  • • It has only One Person as a member / share holder.
  • • It must have a minimum of one director, the sole shareholder can himself be the sole Director. The company may have a maximum of Fifteen Directors.
  • • If the Articles of Association do not contain the name of the first director, member of the One Person Company will be deemed to be the first director till the time director(s) is duly appointed.
  • • The minimum paid up share capital is ` 1 Lakh.
  • • The word “One Person Company “must be mention in brackets below the name of the company to distinguish it from other forms of companies.
  • • It need not to hold any Annual General Meeting (AGM) in every year.
  • • The provision regarding calling of an extra ordinary general meeting by the board or tribunal do not apply to One Person Company.
  • • All provisions regarding Annual General Meetings like notice period, contents of notice, explanatory statement, quorum requirements, proxies, voting etc. do not apply to One Person Company.
  • • The Memorandum of One Person Company shall indicate the name of the other person/nominee, who shall, in the event of the subscribers’ death or his incapability to contract become the member of the company, till the date of transmission of shares to legal heirs.

  • • The written consent shall be filed with the Registrar at the time of Incorporation of the One Person Company along with its Memorandum of Association & Articles of Association.
  • • The nominee/other person can withdraw his consent at any time.
  • • The nominee may be change at any time, by notice to the other person & intimate the same to the company. Then the company should intimate the same to the Registrar.
  • • The Financial Statements of a One Person Company consist of The Profit & Loss Account, Balance Sheet, Notes to Account. The Cash Flow Statement may not include in the Financial Statements.
  • • Only one director is sufficient to sign the Financial Statements / Directors’ Report.
  • • One Person Company should file the copy of the financial statements with Registrar with in a period of 180 days from the closure of Financial Year.
  • • The Annual return of a One Person Company shall be signed by the Company Secretary, or where there is no Company Secretary, by the director of the company.
  • • It should inform to the Registrar about every contract entered and also should record in the minutes of the meeting within 15 days from the date of approval by the Board of Directors.
  • • A person shall not be eligible to incorporate more than One Person Company or become nominee in more than one such company.
  • • A minor cannot become a member or nominee of the One Person Company or can hold share with beneficial interest.
  • • One Person Company cannot carry out NON Banking Financial Investment activities including investment in securities of anybody corporate.
  • • All the businesses to be transacted at the meeting of the Board shall be entered into minutes book maintained under section 118.
  • • One Person Company cannot voluntarily converted into any kind of company unless two years have been expired from the date of incorporation except in case its paid up share capital exceeds ` 50 Lakhs or its average turnover during the relevant period exceeds ` 2 Crores.

Salient Features of One Person Company (OPC)

  • 1. Obtain Digital Signature Certificate (DSC) for the proposed director(s).
  • 2. Obtain Director Identification Number (DIN) for the proposed director(s).
  • 3. Select suitable company name and make application in FORM INC-1 to the Ministry of Corporate Office for availability of name.
  • 4. After approval of name, FORM INC-2 shall be filed for incorporation of One Person Company within 60 days of filing FORM INC-1.
  • 5. Draft Memorandum of Association and Articles of Association.
  • 6. Sign and file various documents including Memorandum of Association and Articles of Association with the Registrar of Companies electronically.
  • 7. Payment of requisite fee to Ministry of Corporate Affairs and also stamp duty.
  • 8. Scrutiny of documents by the Registrar of Companies.
  • 9. Receipt of Certificate of Registration or Incorporation from the Registrar of Companies.
  • 10. Enjoy the status of One Person Company.