One Person Company Registration

What is a One Person Company Company Incorporation?

A private company is a company which is owned by non-governmental organisations or a relatively small number of shareholders or members of a company. Usually, a private company does not offer or trade its shares to the general public on the stock exchanges, but rather the private stock of the company is owned and traded.

The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India.

One Person Company Registration Benefits

Advantages of One Person Company Company

There are a lot of the benefits under One Person Company Registration which are following :-

Uninterrupted existence
A One Person Company Company has ‘Perpetual Succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership. ‘Perpetual Succession’ is one of the most important characteristics of a company
No Minimum Capital
No minimum capital is required to form a One Person Company Company. A One Person Company Company can be registered with a mere sum of Rs. 10,000 as total Authorized Share capital.
Free & Easy transfer of shares
months.
Fastest
Shares of a company limited by shares are transferable by a shareholder at any other person. The transfer is easy as compared to the transfer of an interest in a business run as a proprietary concern or a partnership. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
Separate Legal Entity
months.
Fastest
A One Person Company Company is a separate legal identity in the court of the law, meaning assets and liabilities of the business are not the same as the assets and liabilities of the Directors. Both are counted as different. A One Person Company Company separates Management and Ownership and thus, managers are responsible for the company’s success and are also answerable for the company’s loss.
Limited Liability
If the company undergoes financial distress because of whatsoever reasons, the personal assets of members will not be used to pay the debts of the Company as the liability of the person is limited.
For e.g. If a One Person Company Company takes any loan and is unable to pay off, the members are responsible to pay only that much how much they own towards their own shareholding i.e. the unpaid share value. Which means, if you have no balance payable towards the amount of shares you hold, you are not payable towards any debt payable by the company even if the debt/credit amount remains unpaid.
Fund Raising
A One Person Company Company in India is the only form of business except Public Limited Companies that can raise funds from the Venture Capitalists or Angel investors.
FDI Allowed
In One Person Company Company, 100% Foreign Direct Investment is allowed that means any foreign entity or foreign person can directly invest in a One Person Company Company.
Builds Credibility
The particulars of the company are available on a public database. Which improves the credibility of the company as it makes it easy to authenticate the details

Documents Required For One Person Company Registration

This list is also known as “Company registration checklist

PAN Card of all the directors
Passport size photographs of the same must be shown
Either the “Aadhaar Card or the Voter identity card”, has to be presented during the process
If the company property is on rent then the rent agreement is to be shown
One of these two:- Electricity/ Water bill but any of them must be of the business place only
Property papers (owned)
Landlord NOC (Format will be provided)

One Person Company Registration Process

Complete our Simple Form

You need to fill our simple company registration form and submit documents for the formation of a company.

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN

Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

Document Submission

We will create all the required One Person Company company registration documents and file them with ROC on your behalf

Your work is completed

You will receive documents and DSCs, upon the incorporation of your company.

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