One Person Company (OPC) Registration in Indore, Madhya Pradesh
@ Rs. 6,500*
Register a One Person Company in Indore within 7 working days at a low cost.
✔ Easy Process
✔ Low-Cost Application
✔ 100% Online Process
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What is One Person Company?
The One Person Company (OPC) in Indore is a business entity introduced under the Companies Act, 2013 in India, that permits one person to create and run a limited liability company. One Person Company (OPC) Registration in Indore, Madhya offers a favorable environment for small traders and entrepreneurs to start their businesses while maintaining control over operations. Compared with other forms of business in Madhya Pradesh, a One Person Company (OPC) in Indore requires only one person for establishment and management.
The registration process for a One Person Company (OPC) in Indore, Madhya Pradesh is completed online, making it effortless for entrepreneurs. The cost of registering a One Person Company (OPC) in Indore may vary, and the procedure follows government requirements.
One Person Company (OPC) registration in Indore, Madhya Pradesh can be completed easily and without difficulty with the help of online registration company, Avery Biz Solutions, Indore, Madhya Pradesh.
Essentials for One Person Company registration in Indore, Madhya Pradesh
✔ Shareholders
Minimum 1 shareholder is required
✔ Nominee
Minimum 1 nominee
✔ Directors
Minimum 1 director required
✔ Share Capital
Each partner is expected to contribute to the capital based on agreed terms
✔ Directors and Shareholders
Directors and shareholders can be the same person
✔ DIN (Director Identification No.)
All directors must obtain a DIN
✔ Nationality
At least 1 Indian director & only Indian shareholder and nominee
✔ DSC (Digital Signature Certificate)
DSC for 1 Promoters & 1 witness
Documents required for One Person Company Registration in Indore
PAN Card
Required for shareholders and directors. Foreign nationals must provide a valid passport.
Passport-size photograph
Recent passport-size photographs of shareholders and directors.
Identity Proof
Identity proof is required such as Aadhaar Card, Voter ID, Passport, or Driving Licence.
Address Proof
Provide address proofs for the registered office, such as the latest Electricity Bill or Telephone Bill.
No Objection Certificate
Obtain a No Objection Certificate (NOC) from the owner(s) of the registered office.
Rental Agreement
Provide the rental agreement if the registered office is in a rented premises.
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Bonuses of One Person Company registration
Company TAN/TDS Number
Digital Signature Token for 2 Promoters
PF + ESIC + Professional Tax Registration
Company PAN Card
Bank Account Opening Document Support:
DIN for 1 Director
Company Name Approval
MOA + AOA
Incorporation Certificate
Customised Incorporation Master File
How to start a One Person company in Indore, Madhya Pradesh?
Documentation for One Person Company Registration
Ensure you have the necessary documentation, such as PAN card, ID proof, address proof, utility bills, and a No Objection Certificate (NOC) from the owner of the premises.
Select Name of the One Person Company
Choose a unique name for your OPC that complies with the naming guidelines and conduct a thorough search in the MCA and Trademark database to check for potential matches.
DSC for Promoter of One Person Company
Obtain a Digital Signature Certificate (DSC) for the proposed director of the OPC as it is required to digitally sign the incorporation documents.
Name Approval for the One Person Company
Apply for name approval online through the RUN (Reserve Unique Name) application and wait for the Registrar of Companies (ROC) to approve the chosen name.
Filing of Spice Plus Form to ROC for Company Incorporation
Prepare and submit the Spice Plus Form, along with the required attachments such as the promoter’s documents, proof of registered address, MOA, and AOA, to the ROC for the issuance of the Certificate of Incorporation.
Certificate of OPC Incorporation
After verification of the application, the ROC will issue the Certificate of Incorporation, which serves as conclusive proof of the company’s registration.
Commence Business Operations
After obtaining the Certificate of Incorporation, you can officially commence your business operations as an OPC in India. It is important to adhere to the compliance obligations, annual filing requirements, and other statutory obligations imposed by the Companies Act.
Advantages of registering One Person company online In Indore
01.
Limited Liability Protection
One of the significant advantages of One Person Company (OPC) registration in Indore is the limited liability protection it offers to directors. This means that the personal assets of directors are safeguarded and not at risk in case the business incurs debts or faces losses providing a sense of security and peace of mind to entrepreneurs.
02.
Continuity of Existence
An One Person Company (OPC) in Indore has a separate legal identity, allowing it to remain operational even if the owner resigns or passes away. The nominee director, appointed during registration, takes charge of the company’s ownership and management, ensuring a seamless transition and business continuity.
03.
Enhanced Credibility
One Person Company (OPC) registration mandates annual financial auditing, enhancing the company’s credibility and trustworthiness among investors, lenders, vendors, and stakeholders. This practice demonstrates adherence to compliance regulations, transparent financial record-keeping, and bolsters the company’s reputation in the market.
04.
Streamlined & Cost-effective Registration Process
The simplified online registration process for One Person Company (OPC) in Indore offers both convenience and affordability, making it an attractive option for entrepreneurs looking to establish a business with limited resources..
05.
Complete Control and Decision-Making
One Person Companies (OPCs) provide the owner with full control, empowering them to make swift decisions without requiring shareholder consensus. This autonomy facilitates efficient decision-making, agile operations, and enables prompt responses to market dynamics.
Unique features of One Person Company
Unique Business Structure
Sole Shareholder
Nominee Mandate
Minimum Director Requirement
Simplified Compliance
Separate Legal Entity
Limited Liability Protection
Conversion and Growth Opportunities
Disadvantages of One Person company in Indore
Single Director and Member
One Person Company (OPC) registration in Indore is restricted to having only one director and one member. It allows entrepreneurs to run their businesses alone while enjoying limited liability protection and take immediate actions.
OPCs are subject to an annual turnover limit. As per the Companies Act 2013, the annual turnover of an OPC should not exceed INR 2 Crores in the preceding financial year. This ensures that OPCs remain small-scale enterprises.
OPCs face restrictions when it comes to equity funding and venture capital investments. Due to their structure and limitations, attracting external funding sources can be challenging but can raise funds through other means such as loans and borrowings.
OPCs must comply with certain legal requirements, including filing annual financial statements and tax returns with the Registrar of Companies (ROC). Adhering to these compliance obligations is crucial to maintaining the company’s legal standing.
If an OPC exceeds the prescribed turnover limit or wishes to have more than one member or director, it must convert into a private limited company within the specified time frame. This allows for growth and expansion beyond the OPC framework.
Major difference between One Person Company and Sole Proprietorship
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FAQs : Register OPC Company in India
One person company (OPC) is a type of private company that has only one member and one director. It is a separate legal entity from its owner, which means that the owner’s personal assets are protected from the liabilities of the business. OPCs offer many benefits, such as limited liability, perpetual succession, and ease of management.
Here are the steps:
- Apply for a DSC and DIN.
- Apply for name approval.
- Prepare the incorporation documents.
- File the incorporation form with the ROC.
- Pay the registration fees.
- Receive the Certificate of Incorporation.
The registration fee for an One Person Company (OPC) in India ranges from ₹6,500 to ₹30,000, depending on the nominal share capital.
To register for OPC online from Avery Biz Solutions, you can visit our website and fill out the registration form. We will take care of the rest of the process, including filing the necessary paperwork and obtaining the required approvals. The entire process can be completed in as little as 10 working days.
An One Person Company (OPC) can be started with a minimum authorised capital of ₹1 lakh. However, there is no minimum paid-up capital requirement. This means that you can start an OPC with just ₹2, as long as you have the authorised capital of ₹1 lakh.