One Person Company is a new type of business entity that allows a single entrepreneur to operate a corporate entity with limited liability protection. Jltriangle offers OPC registration from Rs.8899/- all inclusive fee.

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Eligibility

To incorporate a one person company a minimum of two persons (1 Director and 1 Nominee) are required over the age of 18 years with both being an Indian citizen and resident.

Compliance

Jltriangle offers a comprehensive one person company accounting and compliance management solution starting at less than Rs.18899/- per year.

One Person Company (OPC) Registration

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, a OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in case the sole Director is disabled. Also, a One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. Therefore, it is important for the Entrepreneur to carefully consider the features of a One Person Company prior to incorporation.

Jltriangle is the market leader in company registration services in India, offering a variety of company registration like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration. The average time taken to complete a one person company registration is about 10 – 15 working days, subject to government processing time and client document submission. Get a free consultation for one person company registration and business setup in India by scheduling an appointment with an Jltriangle Advisor.

9 Articles to Read Before One Person Company

One Person Company vs Private Limited Company

A detailed comparison of One Person Company (OPC) vs Private Limited Company in India. Currently its better to register a Private Limited Company than OPC.

Nominee in One Person Company

One person company is a type of company introduced by the Companies Act, 2013 that has one person as a shareholder and director. During the incorporation of a one person company, the sole director & shareholder must propose a person as his/her nominee.

OPC Compliance Requirements

Guide to One Person Company – OPC compliance requirements post incorporation. OPC are required to appoint an Auditor and file compliances filings each year.

Incorporation Process

Process for company registration as announced by the MCA for the year 2018. The MCA has simplified the company incorporation process by introducing Reserve Unique Name (RUN) form for simplifying name approval process and reducing incorporation fee for private limited companies.

Documents Required

List of documents required for company registration in India. Documents required for Indian or Foreign Director, registered office and shareholder in company.

Choosing a Name

Acceptable Name for Company or LLP, as per Companies Act, 2013 and LLP Act, 2008. Procedure for checking name availability and formulating a unique name.

GST Registration

GST registration procedure, eligibility and documents required. Entities with an annual revenue of more than Rs.20 lakhs must obtain GST registration. Complete your GST registration online with expert help from Jltriangle and obtain your GSTIN in less than a week from the comfort of your home.

GST Return Filing

File GST return online through Jltriangle with GST Expert Support. You can prepare and file GSTR-1, GSTR-2, GSTR-3 and GSTR-4 return online through Jltriangle. In addition to filing GST returns, you can also issue GST invoices and record purchases on LEDGERS to automatically file GST returns.

Trademark Registration

Online trademark registration, trademark search, documentation and Expert help for TM filing. Easily submit your trademark application for just Rs.5988 in less than a day from the comfort of your home. Jltriangle provides a range of trademark services from trademark filing to objection handling.