One Person Company Registration allows individuals to establish a company with benefits of sole proprietorship and traditional company structures. Eligibility requires Indian citizenship, residency, minimum authorized capital of Rs 1,00,000, and nominee appointment for contingencies.
Brief About One Person Company Registration
Single Individual Company Formation Guidelines in Pune
It enables a single individual to establish a company and enjoy the combined benefits of both a sole proprietorship and a traditional company structure. Under this, a company can be formed with just one director and one member, and interestingly, these roles can be held by the same individual.
| Eligibility Criteria | ||
|---|---|---|
| i | Natural Person and Indian Citizen | Only a natural person who is an Indian citizen can establish an OPC. Legal entities like companies or LLPs cannot create an OPC. |
| ii | Resident in India | The promoter must be a resident in India, meaning they should have lived in India for at least 182 days during the previous calendar year. |
| iii | Minimum Authorized Capital | The OPC must have a minimum authorized capital of Rs 1 00,000, the amount stated in the company's capital clause during the registration. |
| iv | Nominee Appointment | The promoter must appoint a nominee during the OPC's incorporation. This nominee would become a member of the OPC in the event of the promoter's death or incapacity. |
Key Benefits of One Person Company Registration in Pune
Discover the Advantages of Our Business Setup Services. From streamlined processes to expert guidance, we ensure your business establishment journey is smooth and efficient. Benefit from our strategic insights, legal expertise, and tailored solutions designed to meet your unique business needs and goals.
- Legal Status
An OPC obtains a separate legal entity status, safeguarding the individual who founded it from personal liability for company losses. - Easy Fundraising
Being a private company, OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms. - Reduced Compliance
OPCs enjoy certain exemptions from compliance requirements under the Companies Act, 2013, simplifying administrative obligations. - Simple Incorporation
OPCs can be established with just one member and one nominee, with the member also serving as the director. No minimum paid-up capital requirement simplifies the incorporation process. - Efficient Management
With a single person managing the OPC, decision-making is swift, leading to efficient company management without conflicts or delays. - Perpetual Succession
OPCs maintain perpetual succession, ensuring the company’s continuity even with only one member.
Your Guide to Compliance and Business Success in MSME Sector
Explore Our Streamlined Registration Process. Our expert team ensures a hassle-free journey, guiding you through every step with precision and efficiency, so you can focus on your business goals.
Step 1
Obtain a Digital Signature Certificate (DSC)
Secure a Digital Signature Certificate (DSC) for the intended director of the OPC. The DSC is utilized for electronically signing crucial documents.
Step 2
Obtain Director Identification Number (DIN)
Acquire a Director Identification Number (DIN) for the proposed director from the Ministry of Corporate Affairs (MCA).
Step 3
Name Reservation
Apply for name reservation through the MCA portal using Form SPICe+ (Part A). Ensure that the chosen name for your company is distinct and does not resemble any existing company or trademark.
Step 4
Prepare MOA and AOA
Draft the Memorandum of Association (MOA) and Articles of Association (AOA) for your company. These documents define the company's objectives and internal rules.
Step 5
File the Forms
File the necessary forms with the MCA for OPC registration. Attach the relevant documents to the SPICe+ form, including MOA, AOA, declarations, proof of the registered office, nominee appointment, and other documents as required by the MCA.
Step 6
Certificate of Incorporation
Upon approval by the ROC and verification of compliance requirements, the ROC will issue a Certificate of Incorporation, signifying the successful registration of your One Person Company. Notably, the PAN number (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are generated automatically during the incorporation process.
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Documents required for One Person Company Registration in Pune
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- The nominee’s consent, along with their PAN card and Aadhaar card, must be submitted via Form INC-3.
- Proof of Registered Office
- The proposed director should furnish a declaration in Form INC-9 and their consent in Form DIR-2.
- A declaration by a qualified professional certifying that all necessary legal compliances have been adhered to.
Documents required for One Person Company Registration in Pune
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.
