One Person Company Registration India

One-Person Company is ideal for small businesses having turnover less than Rs 2 Crore. We at MYDBIZ offer One Person Company Registration registration at Rs 7,999/- all-inclusive.

An OPC is the newest form of business in India introduced for the first time by the Companies Act, 2013. Only one person is needed to start a company. However, a nominee needs to be nominated.

The OPC is suitable for small businesses where the turnover is not likely to cross Rs 2 Crore and the maximum amount of capital to be invested is limited to Rs 50 Lakhs. An OPC can have more than one director. However one of them must be an Indian Resident. The main limitation of OPC form of company is that only an Indian Citizen can open an OPC Company and FDI is not allowed in one-person company.

Some of the benefits are as follows:

1. The One Person Company is considered as a separate legal entity. In the eyes of the law, a company is a person, having a common seal, and perpetual succession.
2. An OPC will have its own separate property as it gains its own identity and functions as a separate legal entity.
3. OPC make a valid contract with its shareholder or directors.
4. OPC is completely controlled and managed by the Single Owner. It leads to quick decision making and execution.

We offer end to end solution for setting up your company. The process for incorporation of a One Person Company can be divided into four steps as under:

1. Applying For Digital Signature
2. Apply for RUN (Reserve Unique Name)
3. Incorporation Filing
4. Commencement of Business