Are you a one person wishing to start a company in Mumbai? Worried about being alone and a burden of liability? Do not worry, register a One Person Company in Mumbai. Prices starts from INR 7199/- only.
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When there is only one person who wants to start a business, A One Person Company is the best form to choose. One Person Company means a Company which has only one person as a member. An OPC is effectively a company that has only one shareholder as its member.
In one Person company the compliance is much lesser than Private Limited Company. An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company from of business. Thus, it does away with the hassles of finding the right co-partner/s for starting a business as a registered entity.
In an OPC there needs to be one member who is required to be an Indian citizen and resident in India.
There is a minimum requirement for minimum one director and a maximum of 15.
There is a mandatory requirement of one nominee.
Thw best Business structure for one person who wants to venture alone
It has Distinct identity from its owner
It requires lesser compliance compared to other business structures
Personal assets of Owner not affected
It takes only One Person to take the decision and nobody would be there to interfere with decision-making.
In OPC, there is no Statutory Requirement of Holding an AGM
Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for your One Person Company registration (OPC registration) in Mumbai because we provide number of services which are required not only for starting a business but also for running the business successfully without any default or mistakes. We provide services like Start up advisory, Secraterial compliance services, One Person Company registration services, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email at info@ebizfiling.com for free consultation and to know more about the services provided by us.
(All Inclusive)
(All Inclusive)
(All Inclusive)
In OPC there will be lesser compliance, compared to other forms of businesses. OPCs have a low turnover when compared to private limited companies. As a result, the requirements of OPC compliance are lesser than those of private limited companies.
In One Person Company, there would be limited liability since the liability of the One Person Company is limited to the extent of the value of the share you hold, the individual could take more risk in business without affecting or suffering the loss of personal assets.
One Person Company is a separate legal entity distinguished from its members, it has its own assets and liabilities. The Member is not personally liable to repay the debts of the company. Hence, any act of an OPC will not affect the assets of the member.
Since One Person company is owned and managed by only one person and he would be the only one at the decision-making end. There would be no one to interfere in the decision making process of OPC. Hence it becomes easier when it comes to decision making of OPC.
Unlike Private Limited Company, in One Person Company there is no necessity of holding an Annual General Meeting and also no requirement of holding Extra ordinary general meeting. It is not mandatory to held an AGM or EGM in case of One Person Company
“Members can come and go but the company goes on forever.” This rule applies to IOne Person Company as well. That means that the existence of an OPC will not get affected by death, insolvency or bankruptcy of any of its members. The membership will pass on to the nominee of such members.
Easy One Person Company Registration Process
Obtain DSC
Reserve Your Company Name
Submission of MOA & AOA
Get Incorporation Certificate
Get Company’s PAN & TAN
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently will apply for the approval of name for your One Person Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your One Person Company in Part A of SPICe Plus form.
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
For the above purpose, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one financial year
No, you can not become member in another OPC, a person can only become member in one OPC only.
A nominee is a person who in the event of death or disability of the subscriber of the One Person Company shall assume his position. Memorandum of Association of a One Person Company will mandatorily prescribe the name of the person.
In case the paid up share capital of an OPC exceeds 50 lakhs rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crores of rupees, then the OPC has to mandatorily convert itself into a private or public company.
You need to file the following 2 forms every year with ROC:
Form MGT-7 (Annual Return): MFT 7 is an annual return to be filed withing 180 days of completion of financial year.
Form AOC-4 (Financial Statements): Financial statement of OPC needs to be filed in Form AOC 4. It must be filed within 180 days from 31st march of the financial year with registrar of the companies.
Apart from this A Practicing Chartered Accountant must be appointed as the auditor of the company within 30 days of incorporation as the first auditor of the company.
A detailed read on : Mandatory Comliance for an OPC
Ebizfiling.com provides One Peerson Company incorporation services online across India. You can get your One Person Company registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.
Are you a one person wishing to start a company in Mumbai? Worried about being alone and a burden of liability? Do not worry, register a One Person Company in Mumbai. Prices starts from INR 7199/- only.
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