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The concept of One Person Company in India was introduced through the Companies Act 2013. Though an OPC allows an entrepreneur to operate a corporate entity with limited liability protection. One Person Company (OPC) registration can be done by a single person and it is juristic and liability of members is limited to their shares. OPC gives a single director to enjoy full control over the business. If a One Person Company cross an average turnover of over Rs. 2 Crore over three years or has a paid-up capital of over Rs.50 Lakh, it is mandatorily to be converted into a private limited company or public limited company within 6 months.
A one person company (OPC) registration is governed by the Ministry of Corporate Affairs, under Companies Act, 2013 and the Companies Incorporation Rules, 2014. Some of the unique features of an OPC company are like limited liability protection to shareholders, the ability to raise the equity funds, separate legal entity status and the perpetual existence make it one of the most recommended types of business entity for small and medium-sized businesses that are owned by families or professionally managed.
It takes 10-12 working days to complete one person company registration procedure, subject to the government processing time and the client document submission.
The life of an OPC business is not affected by the status of shareholders and even after the death of the shareholder, the One Person Company continues to exist. That is why single business owners benefit from the registration of a one person company.
OPC books & accounts audited annually, it has greater credibility among vendor, customers, employees and bakers.
One Person Company registration can be started and operated by a single promoter which provide full control over the business of a single person.
Liability of Directors of the one person company is limited to their shares. That means if the company suffers from any loss and faces financial crisis then the personal assets of shareholder / Member / Director will not be at risk of being seized by bank, creditors, and government.
Directors of the one person company should have a digital signature which will be used to file the OPC registration, ROC compliance forms, and Tax returns.
When a Digital signature is approved, and you will get an approval email from the Registrar of companies that you are now eligible to be a director of an OPC company. It takes 1-2 working days to approve DIN as per one person company registration procedure.
After DIN, Allotment we will proceed to file a Name approval application to ROC on your behalf.
After Name endorsement from the Registrar of Companies, we will record the OPC enrollment structure with every single supporting report. Enlistment centre of Companies takes 3 working days to finish the endorsement procedure of an OPC organization.
7-10 Working days
7-10 Working days
7-10 Working days
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What Makes Us Different From Others?
The licenses registered by us are 100% genuine and are issued by Government of India. However, we will provide you with all the validation, bills and receipts of each submission. Feel free to enquire!
We take full responsibility for our work and will issue you the licenses within the committed time period. Our team understand your problems and will provide full support in order to do the best for our valuable clients.
Don’t worry about the cost of submissions. We are here to provide you with the best at the best possible price. Need a discount? Contact our Sales team today!
GSB Taxation works at a National Level. We have a strong and dedicated team which works in all the 29 States of India.
Our consultancy provides more than 75 services which help in completing the entrepreneur dream of each individual.
We are here to help you! Our strong passionate team and connectivity lead in the completion of the most difficult registrations without any hustle.
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We at GSB Taxation believe in high quality and exceptional customer service but most importantly, we believe helping others should be the primary purpose of a good service agency. So, we strive to give the best services at the most affordable prices. We’ve come a long way, so we know exactly which direction to take when supplying you with high quality yet budget-friendly services. Whether it is a Private Limited Company Registration, LLP Registration, One Person Company Registration or an FSSAI License Registration, we got it covered. We know that it’s hard for a person to stand on its own. He/she have to think twice before taking any step. Therefore, GSB Taxation offers all of these and other major services with excellent and friendly support in order to do the best for you. We are here to help you in nourishing your business. Trust our dedicated team get ready to live your dreams with us.