One Person Company Registration
It allows a single entrepreneur to register his Business as a company and get limited liability protection.
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One Person Company Registration
The introduction of the One Person Company has spotlighted the significant contribution of solo entrepreneurs to the economy. Defined under section 2(62) of the Companies Act, 2013, a “One Person Company” is characterized by having only one person as its member. This unique business structure extends all the advantages of a company to individual entrepreneurs, granting them access to credit, bank loans, markets, and other essential benefits.
Advantages Of OPC Company in India
1. Legal Protection:
OPC registration provides a separate legal entity status, shielding the sole member from personal liability for company losses. The member’s liability is limited to the value of their shares, ensuring legal protection, and creditors can only sue the OPC, not the individual.
2. Easy Funding Access:
One person company registration in India facilitates easy fundraising from venture capital, angel investors, and incubators due to its private company status, making the process of acquiring funds straightforward.
3. Reduced Compliance Burden:
OPCs enjoy exemptions from certain compliance requirements under the Companies Act of 2013. They are not obligated to prepare cash flow statements, and there are no requirements for the secretary to provide annual reports or maintain account books.
4. Simplified Integration:
Integrating a one person company in India is hassle-free. A member, also serving as a director, simply needs to provide approval for integration, and there’s no minimum paid-up capital requirement.
5. Easy Management:
OPCs are easy to manage with a single person handling both founding and leadership roles. Decision-making is straightforward, and resolutions can be quickly passed. Internal disputes and delays are minimized, simplifying overall company management.
6. Perpetual Succession:
OPCs enjoy perpetual succession even with just one member. When incorporating, the single-member nominates a successor. In the event of the member’s demise, the nominee seamlessly takes over company operations.
Pre Requirements
1. Seamless Succession:
Despite being run by a single individual, OPC allows for perpetual succession. In the event of the member’s demise, a nominated individual can seamlessly take over the company’s operations.
2. Limited Liability:
The member in an OPC enjoys limited liability. As a registered company, OPC is a distinct legal entity, providing enhanced protection to its members. The member’s liability is confined to their shares, shielding them from personal liability for the company’s losses. In cases of bankruptcy, creditors can only sue the company, not the director.
3. Sole Directorship and Shareholder:
In one person company registration, a single member serves as the director, taking on the responsibility for day-to-day operations. There’s no need for an additional executive director; a single member fulfills both roles as a director and shareholder.
4. Property Ownership:
As an OPC is treated as a separate legal entity, the individual has the right to own business-related properties and assets. This includes machinery, factories, residential properties, and other assets, all held directly in the name of the OPC, preventing claims by other individuals. According to the law, an OPC can acquire property directly in its name.
Our Packages
Starter
Private Limited Registration- OPC Registration
- Incorporation Certificate
- DSC
- MOA/AOA
- Expert Consultancy
Standard
Private Limited Registration- OPC Registration
- Incorporation Certificate
- DSC
- MOA/AOA
- GST Registration
- Expert Consultancy
Premium
Private Limited Registration- OPC Registration
- Incorporation Certificate
- DSC
- MOA/AOA
- GST Registration
- GST Filling ( for 6months )
- Expert Consultancy