One person company registration
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One person company registration in Hyderabad
A One Person Company is a form of Private Limited Company with the only limitation that it cannot have more than one owner. So, if you are the only owner of a business, and are not looking forward to sharing your ownership with any other entity, a One Person Company can be your best choice.
A one-person company is a form of Private Limited Company incorporated under the Companies Act, 2013. It is owned by a single shareholder. The sole shareholder of the OPC must be an individual who is an Indian citizen who is resident in India. Even though, as its only owner, the shareholder is entitled to pocket all the income and profits of the OPC, his liabilities towards the business are restricted to the unpaid amount of his subscribed capital only.
Advantages
- egal standing
- Easy access to funding
- less conformity
- Easy integration
- Easy to manage
- Constant repetition
Process
STEP 1
Obtain DSC and DIN
The foremost step in the process is to acquire a DSC and DIN for the director of the company.
STEP 2
Apply for Name Approval
The applicant needs to file Form INC 1 for the reservation of the company’s name. Further, the two ways of reserving a name are firstly, by filing an application form in Spice 32 and secondly, by using RUN (Reserve Unique Name) Web services provided by MCA (Ministry of Corporate Affairs).
STEP 3
Application for the OPC Registration
Now, the promoters need to apply for registration with the ROC within whose territorial jurisdiction the registered office of the company is located. The Application for the Incorporation needs to be filed in the Form INC 2.
STEP 4
Affidavit by Director and Subscriber
Now, the sole member, who is a subscriber of MOA and AOA, requires providing a duly signed affidavit in the form INC 9.
STEP 5
Signing of MOA and AOA
In the next step, the sole member of the company needs to sign the MOA (Memorandum of Association) and AOA (Article of Association). Also, the said member needs to provide details, such as his name, occupation, address, designation, in the presence of at least one witness. Further, the witness needs to provide his/ her basic details and signature as well.
STEP 6
Particulars of Subscribers
Now, the applicant needs to file the particulars of subscription with ROC (Registrar of Company) during incorporation.
Benefits
How to Register?
Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.
Step 1: Obtain DSC
Step 2: Apply for the DIN
Step 3: Application for the name availability
Step 4: Submission of MoA and AoA to register a private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: RoC issues a certificate of incorporation with a PAN and TAN
Requirements for One person company registration in Hyderabad
In India, private limited company registration cannot be done without proper identity and address proof. Listed below are the documents accepted by the MCA for the online company registration process:
Identity and Address Proof
– Scanned copy of PAN card or passport (foreign nationals & NRIs)
– Scanned copy of voter ID/passport/driving licence
– Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
– Scanned passport-sized photograph specimen signature (blank document with signature [directors only])
– Details of the Nominee.
Registered Office Proof
– Scanned copy of notarized rental agreement in English
– Scanned copy of no-objection certificate from the property owner
– Scanned copy of sale deed/property deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence too.
Why Bizivalue ?
Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
– Shields from personal liability and protects from other risks and losses.
– Attracts more customers
– Procures bank credits and good investment from reliable investors with ease.
– Offers liability protection to protect your company’s assets
– Greater capital contribution and greater stability
– Increases the potential to grow big and expand
– You will also get Zero Balance Current Account
Complete Process
Register your company today
Documents Required
Frequently Asked Questions
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
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