One Person Company (OPC)

Begin with Legal Registration of your Company

One Person Company (OPC)

Every Start-Up deserves seamless, trusted & hassle-free Legal Services along with StartUp mentorship, in a very cost-effective manner.

Get your OPC registered in 10 Days!

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How It Work?

Get Company Compliances Done

Private Limited Company Compliances with us.

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Get 400+ services at the comfort of your home without worrying about travelling to expert.

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We have served more than 2670 legal services all over Haryana & Delhi within 6 months of launch.

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Why Start-Up Kro?

The private limited company registration process is entirely online, so you don’t even have to leave your home to get your entity registered. At Start-Up Kro, we complete the company incorporation process within 14 days and provide you with a complete Start-Up Kit.

‘StartUp Kro’ Start-Up Kit of company registration package includes:

  • DIN and DSC for two Directors
  • Drafting of MoA & AoA
  • Registration fees and stamp duty
  • GST Registration
  • Company incorporation certificate
  • Company PAN and TAN
  • Zero current balance account – Powered by DBS bank / ICICI Bank / HDFC Bank
  • Domain + 1 yr Hosting + 10 e-mails
  • Share Certificates & Business Commencement
  • Part-Payment & Monthly EMI

With this, you will be well on your way to forming your own Pvt ltd company. You should consult with the experts and make the finest decision for smoother growth.

 

Documents Required 

  1. Documents from Director / Shareholder /Nominee:
    1. Identity Proof:
      1. Permanent Account Number (PAN) Card
      2. Aadhaar Card / Passport / Driving License / Voter Identity Card
    2. Address Proof:
      1. Telephone Bill / Mobile Bill
      2. Electricity Bill / Water Bill
  • Bank Statement /Bank Passbook with the latest transactions (Any one of the Documents not older than 2 months)
  1. Passport size Photographs – 3 each
    1. Telephone Bill / Mobile Bill/Electricity Bill / Bank Account Statement must be in the name of the applicant and should not be older than 2 months
    2. If the documents are not in English, they should be translated into English
  2. Documents to be Signed by all DIRECTOR(s):
    1. Consent to Act as Director: Form DIR-2
    2. Details for DIN
    3. Declaration of DIN (If DIN is allotted already)
  3. Documents to be Signed by Shareholder:
    1. Application for Digital Signature Certificate (DSC)
    2. Affidavit by Subscribers & Director: INC-9
  4. Documents to be Signed by Nominee Shareholder:
    1. Details of Nominee Shareholder
    2. Consent by the Nomination of Shareholder – Form INC-3
  5. Documents from Company / LLP / Trademark Owner, if any:
    1. Board Resolution / Formal authorisation for the use of Name / Trademark
    2. Authorisation for the execution of Documents from Company / LLP

 

Benefits of a One-Person Company 

Even though OPC only has one person managing all of the day-to-day operations, it offers alternatives for ongoing succession. The nominee can lead the business if a member of it passes away.

  1. Small Liability
    In a one-person company, the member is only partially liable. OPC is considered as a separate legal entity because it is a registered company, giving its members greater protection. Members are not responsible for any losses incurred by the company because their responsibility is restricted to the value of their shares. In the event of bankruptcy, the company itself, rather than the company’s director, may be sued by creditors for accumulating the company’s debt.
  2. Sole shareholder and directorship
    In an OPC, a single member serves as the company’s director and is responsible for overseeing daily operations. An executive director is not necessary in this situation to manage the daily requirements. One member is more than enough and fulfils the obligations of a shareholder.
  3. Ownership of Property
    The OPC is permitted to hold assets and business-related property in a person’s name because it is regarded as a separate legal entity. The assets, such as the machinery industries, homes, buildings, and other assets, cannot be claimed by another individual. The OPC is authorised by law to directly purchase property.

 

Limitations for One-Person Businesses

Even though starting a one-person company has many benefits, there are also some limitations.

  1. Insufficient for Scalability
    The best alternative for a small business structure is to register your company as an OPC. However, this could not work if you intend to expand it up to higher levels. There is always just one person in an OPC at any given moment. You cannot register your business as an OPC if you want to increase both the number of shareholders and the number of members. OPC is therefore unlikely to raise further money. This will prevent firms from expanding and growing.
  2. Greater Limitations on Commercial Activities
    OPC is prohibited from engaging in non-banking financial investment operations by the norms and regulations. It is not possible to invest in the security of other corporations by registering as an OPC.
  3. There is a blurry line separating ownership and management
    Since the one-person corporation only has one employee, it is impossible to distinguish between the positions of management and director. All choices may only be made and approved by one person. Therefore, the likelihood of unethical behaviour is higher.

 

Listen Our Clients

Our Testimonials

Nivedita Start-Up Kro
Nivedita Singh Handloom Business Owner

StartUp Kro (Previously Legal Thirst) team not only helps me choose the right business strategy but also completes registering my MSME & Start-Up and builds an E-Commerce Web page for my business.

Reviews StartUp Kro
Snigdha Binaykia Clothing Business Owner

I got my trademark without any hassles and on time. Professional and top-quality service. Excellent communication and updating the filing status on a daily basis. Thank you very much for the great service. Keep it up, guys!

Adv. Lokinder Phogat
President DBA Rohtak

“Ishani, the founder herself developed DBA Rohtak Website & she is handling all other social media of DBA with such ease. We tried many digital service providers but no one is reliable.”

Vaidhya Start-Up Kro
Vaidhya Food Business Owner

“Being an Entrepreneur I need someone who can guide me from scratch for initiating my Food Start-Up, commencing from registration to build my online presence, they just have everything.”

Ashima Start-Up Kro
Ashima Ahuja Start-Up Owner

StartUp Kro (Previously Legal Thirst) team not only helps me choosing right business strategy but there also completes the process registering my MSME & Start-Up and builds a E-Commerce Web-page for my business.

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