One Person Company

Choosing GTCS for creating a One Person Company (OPC) presents several advantages and unique benefits tailored to meet the needs of solo entrepreneurs. Here’s why GTCS is the ideal partner for establishing your OPC:

Expert Guidance

GTCS boasts a team of seasoned professionals with extensive experience in company registration services. Our experts understand the nuances of setting up an OPC and can provide tailored guidance and support throughout the process.

Comprehensive Services

Beyond company registration, GTCS offers a comprehensive suite of services including trade license registration, tax filing, business advisory, and more. This holistic approach ensures that all your business needs are addressed under one roof.

Cost-Effective Solutions

GTCS offers transparent and cost-effective solutions for OPC registration. Our pricing is competitive, with no hidden fees, ensuring that you receive excellent value for your investment.

Personalized Attention

We understand that every entrepreneur's journey is unique. GTCS provides personalized attention to each client, ensuring that your specific requirements and preferences are met with precision and care.

Legal Expertise

With access to a network of legal advisors, GTCS can provide expert guidance on legal matters related to OPC registration and compliance. You can trust us to navigate the legal complexities with diligence and professionalism.

Timely Execution

GTCS is committed to delivering prompt and efficient services. We understand the importance of timely execution and strive to complete the OPC registration process within the stipulated time frame.

Customer Satisfaction

At GTCS, customer satisfaction is our top priority. We go above and beyond to ensure that our clients are satisfied with our services, providing ongoing support and assistance as needed.

One-Stop Solution

GTCS serves as your one-stop destination for all OPC registration and compliance needs. From initial registration to ongoing compliance management, we offer comprehensive support to streamline your business operations

Pricing

Basic

7499

Our Basic package is perfect for clients looking for essential services tailored to meet their specific needs. With this package, you'll receive comprehensive assistance and support to address fundamental requirements efficiently and effectively.

Basic Express

9999

For those seeking quick and reliable solutions without compromising on quality, our Basic Express package is the ideal choice. With expedited processing and swift delivery, this package ensures that your needs are met promptly while maintaining attention to detail and accuracy.

Advance

15999

Step up to our Advance package for enhanced features and personalized attention. This package is designed for clients seeking a broader range of services and comprehensive support to meet their more complex requirements. Benefit from our expertise and guidance every step of the way.

Advance Express

25999

Combining the benefits of our Advance package with expedited processing, our Advance Express package is the ultimate solution for clients who require rapid results without sacrificing excellence. Receive top-notch service with quick turnaround times, ensuring your needs are met efficiently and effectively.

Six Key Essential Steps to Achieve Success

01

Client Inquiry

Potential clients reach out to the consultancy seeking registration and certification services, initiating the process.

02

Initial Consultation

A comprehensive meeting is conducted by our Executive to understand the client’s requirements, discussing the necessary certification type and compliance standards.

03

Quotation and Agreement

Following the consultation, a detailed quotation is provided, outlining the services and associated costs. Upon agreement, a formal contract is signed between the company and the client.

04

Document Submission and Review

Clients submit essential documents and information required for the registration and certification processes, meticulously reviewed by our team for completeness and accuracy.

05

Pre-Assessment (Optional) and Audit Planning

An optional pre-assessment may be conducted to evaluate the client’s readiness, identifying any gaps. Subsequently, the company plans the certification audit, scheduling dates and assigning auditors.

06

On-Site Audit and Certification Decision

Auditors perform on-site assessments to verify compliance with relevant standards or regulations, documenting findings. Following the audit, the company evaluates results to determine certification eligibility, issuing it upon compliance.

Frequently Asked Questions (FAQs)

What is a One Person Company (OPC)?

A One Person Company (OPC) is a type of business entity that allows a single individual to operate and manage a company, enjoying limited liability protection similar to a private limited company. OPCs were introduced to support solo entrepreneurs and facilitate ease of doing business.

Who can form a One Person Company?

Any individual who is a resident of India and meets the eligibility criteria laid out by the Companies Act, 2013 can form a One Person Company. However, certain individuals such as minors, non-residents, and individuals involved in specified businesses are not eligible to form OPCs.

What are the key features of a One Person Company?

The key features of a One Person Company include:
- Single Shareholder: OPCs have only one shareholder, who is also the sole director.
- Limited Liability: Shareholders enjoy limited liability protection, meaning their personal assets are protected from the company’s debts and liabilities.
- No Minimum Capital Requirement: Unlike private limited companies, OPCs do not have a minimum capital requirement for incorporation.
- Nominee Director: OPCs are required to appoint a nominee director, who will take over the management of the company in the event of the sole director’s death or incapacity.
- Less Compliance: OPCs have fewer compliance requirements compared to private limited companies, making them an attractive option for solo entrepreneurs.

What are the steps involved in forming a One Person Company?

The steps involved in forming a One Person Company typically include:
- Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed director.
- Choosing a unique name for the OPC and obtaining approval from the Registrar of Companies (ROC).
- Drafting the Memorandum of Association (MOA) and Articles of Association (AOA) for the OPC.
- Filing the incorporation documents, along with the requisite fees, with the ROC.
- Obtaining the Certificate of Incorporation (COI) from the ROC, which marks the official formation of the OPC.

What are the compliance requirements for a One Person Company?

OPCs are required to comply with certain statutory requirements, including holding annual general meetings, maintaining statutory registers and records, filing annual financial statements and returns with the ROC, and adhering to tax obligations.

Can a One Person Company be converted into a Private Limited Company?

Yes, a One Person Company can be voluntarily converted into a Private Limited Company after two years from the date of incorporation or upon reaching certain thresholds of paid-up capital or turnover. The conversion process involves specific procedures and approvals from regulatory authorities.

Can a One Person Company have more than one director?

No, a One Person Company can have only one director, who is also the sole shareholder. However, a nominee director must be appointed to ensure compliance with legal requirements.

What are the advantages of forming a One Person Company?

Some advantages of forming a One Person Company include limited liability protection, ease of formation and compliance, separate legal entity status, perpetual succession, and enhanced credibility in the eyes of customers, suppliers, and investors.