Pre- requisites of One Person Company Registration in Gurugram

 The Companies Act 2013 introduces a new idea of One Person Company (OPC) in Gurugram, Haryana. In the case of a private limited company, at least two members and two directors are required, and in the case of a public limited company, at least seven members and three directors are required, but in the case of a Person Company, only one person is required to incorporate a company in Gurugram, Haryana. 

Although, pvt ltd company registration online is no less than a considerable concept, before we move ahead with one person company registration, let's make our basics clear by having insights about online company registration in Gurugram.


What is Online Company Registration in Gurugram?


Those considering forming a business in Gurgaon would be pleased to learn that the city boasts India's highest Human Development Index (0.889). Gurgaon is a satellite city of Delhi and is part of India's NCR (National Capital Region). Gurgaon's economic development began in the 1970s when the first Maruti Suzuki manufacturing factories were established. Since then, the country has grown into a major financial and industrial center.


Benefits of Online Company Registration in Gurugram


  1. It safeguards you against personal culpability as well as other risks and damages.

More consumers from the area.


  1. Credible companies provide loans and investments.


  1. Protects the company's assets.


  1. The capital contribution that is more consistent and stable.



We will now explore the following aspects pertaining to a One Person Company in Gurugram, Haryana, in this post.



What is One Person Company


"One Person Company" is defined as a company with only one member, according to section 2 (62) of the Companies Act 2013.


In Gurugram, Haryana, a one-person company can be founded with only one director and one member. 

A single individual can function as a member and a director in a company under the Companies Act 2013, hence in the case of a One Person Company, just one person can start a business in Gurugram, Haryana and be registered as a One Person Company (OPC).


In Gurugram, Haryana, there are less legal and statutory criteria for a one-person corporation than for a private limited company.


Characteristics of a One-Man Company in Gurugram



  1. One Person Company (OPC)– A One Person Company (OPC) has just one member or stakeholder.


  1. A single individual can form a business for a legitimate purpose under section 3 (1) (c) of the Companies Act 2013, and a One Person Company (OPC) is also regarded a private limited company under this section.


  1. One Director is Required– In the case of a One Person Company (OPC), at least one director is required, with a maximum number of directors of 15.


  1. Nominee– A unique aspect of a One Person Company (OPC) is that when the member of the One Person Company (OPC) registers the One Person Company (OPC), he will include the name of a nominee.


  1. No Minimum Paid Up Share Capital– Under the Companies Act 2013, there is no minimum paid up share capital requirement for a One Person Company (OPC).


  1. No Perpetual Succession– In the event of a One Person Firm (OPC), there is only one person who will undertake all of the business operations; if the nominee refuses to become the only member of the One Person Company (OPC), the company will be liquidated.


  1. Special Benefits– The Companies Act 2013 provides certain privileges and exclusions for one-person companies (OPCs).


  1. Annual Return– The annual return is required to be filed annually by section 92 of the Companies Act 2013, and it must be signed by the company secretary and the board of directors. However, in the case of a One Person Company (OPC), the annual return must be signed by the company's director.


Documents necessary for a One Person Company (OPC) to be registered in Gurugram, Haryana


The paperwork necessary for the registration of a One Person Company (OPC) in Gurugram, Haryana is listed below.



  1. Photograph of the Member the size of a passport.


  1. A copy of the member's PAN card


  1. Ownership Proof of Identity (Copy of Aadhaar Card, Copy of Voter ID).


  1. Proof of the company's address (rent agreement and NOC from the owner if it is rented property and sale deed if it is owned property).


  1. The most recent bank statement and any other bill including the name of the company's owner.


In Gurugram, Haryana, the procedure for forming a One Person Company (OPC) is as follows.



Apply for a Digital Signature Certificate (DSC)-Before submitting an application for the registration of a One Person Company (OPC), the proposed director will apply for a Digital Signature Certificate (DSC). 


Because all of the activities for the registration of a company are now done online, and digital signatures are required to submit a registration application, we will first apply for a Digital Signature Certificate (DSC). 


The following papers are necessary to submit an application for a Digital Signature Certificate (DSC):


  1. Proof of such a person's address.


  1. Photograph of the potential director at passport size.


  1. A copy of the recommended director's PAN card


  1. The recommended director's email address.


  1. The recommended director's phone number.


Apply for a Directors Identification Number (DIN)-Once a person has a DSC, he must apply for a Directors Identification Number (DIN) using Form SPICe, in which he must include all needed information and submit the form together with the relevant papers.


Application for Name Approval- Once the Director Identification Number (DIN) has been obtained, the individual will submit an application for the name to be approved. The One Person Company (OPC) will have the name "XYZ(OPC) Private Limited" as its name.



Preparation of Required Paperwork- Within the stated time limit, we will produce and submit all of the required documents to the company's registration. 


  1. The MOA (Memorandum of Associations) of the firm will contain the company's aim as well as all important facts.


  1. The company's AOA (Article of Associations), which will contain the company's rules and regulations.


In the event of a One Person Company, the person will choose a nominee, who will carry out all of the company operations on his behalf following the person's death. 


The person will provide his consent in Form INC-3, together with his PAN and Aadhaar card, in this case.


He will also present a statement from a professional stating that all of the compliances have been correctly collected.


Filing Required Forms with MCA– After completing all required paperwork, he will submit Form SPICe and upload all of the required documentation (discussed above) to the MCA site for approval.


TAN & PAN– In the event of a One Person Company, there is no need to submit a separate application for the One Person Company's TAN & PAN. The TAN and PAN were created automatically when the One Person Company was formed.


Issue a Certificate of Incorporation– After a person submits all of the needed forms and uploads all of the applicable documents, the registrar of companies will issue a certificate of incorporation.


Benefits of One Person Company Registration in Gurugram, Haryana


The following are the perks or advantages of forming a One Person Company (OPC) in Gurugram, Haryana:



Legal Status– In Gurugram, Haryana, the One Person Company (OPC) has its own legal existence and is a separate legal entity. It exists independently of its member.


Limited Responsibility– In the case of a One Person Company (OPC) in Gurugram, Haryana, the member's liability is limited to the amount of his investment in the form of shares, i.e. the member will not use his personal assets to pay the company's dues or obligations.


Less Compliances– Under the Companies Act 2013, some exemptions are granted to One Person Companies (OPCs) in Gurugram, Haryana, such as the requirement to file a cash flow statement, among other things.


Easy to Acquire Funding-Because the One Person Business (OPC) is registered as a private limited company, it will be qualified to obtain funds from banks, financial institutions, venture capitalists, incubators, and angel investors, among others.


Simple to Manage– In the case of a One Person Company (OPC), there is just one person who will execute all company operations and make all decisions independently and swiftly as needed.


Annual General Meeting– According to the Companies Act 2013, every company is required to convene an annual general meeting every year, although an annual general meeting is not necessary for a One Person Company (OPC).


The provisions pertaining to independent directors do not apply to a one-person corporation (OPC).


There are several meeting regulations, and quorums are not relevant to the One Person Company (OPC).


Key Takeaways


Despite so many advantages, there are some very minor disadvantages, such as its limitation to only small businesses. However, you may not get disheartened. Legalpillers provides online ca services and is thus empowered with online chartered accountants. Our team is professional in providing you the best solutions which are viable and dynamic as per the industry standards. 


To explore more about our online ca services and experienced team of online chartered accountants, check our website https://www.legalpillers.com/

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