One Person Company Registration

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Procedure for OPC Registration

Complete the One Person Company Registration Application Form

Provide us Pertinent Documents

Make an Online Payment

Our Executive will manage the Application process for One Person Company Registration

We will Mail you a Certificate of OPC Registration

What is a One Person Company (OPC)?

In 2013, the Companies Act, 2013 introduced the concept of a ‘One Person Company (OPC)’. This created an entirely new set of opportunities for budding entrepreneurs who can start a business single-handedly by creating their own single-person economic entity. A one-person company (OPC) is a refinement of a sole proprietorship.

In an OPC, a single promoter gains complete control of the company, limiting his or her liability for contributions to the enterprise. However, a director nominee is present but has no authority until the real director is unable to continue. According to Section 2 (62) of the Company’s Act 2013, a company can be formed with only one director and one member. A One Person Company Registration in India is a type of entity with fewer compliance requirements than any other type of company. An OPC is simple to manage because it is run by a single person. If you are an entrepreneur looking for a one-of-a-kind success, you can register as an OPC in India.

Types of OPC

  • OPC limited with Guarantee
  • OPC limited with Share Capital
  • OPC Unlimited Company

OPC Company Registration Documents

  • Each prospective partner's self-attested PAN card must be utilized to complete the One Person Company Registration Process.
  • The Self-attested address proof must include the Partner's name as it appears on their
  • The Self-Attested Partner's Ownership Proof must include the most recent Electricity Bills, Telephone Bills, Gas Bills, Mobile Bills, or any other utility bills from the company's location that are no more than 2 months old.
  • And most recent two passport-size photos.
  • All directors and members are required to provide two months’ worth of bank statements.

Registration Criteria for OPC Companies

  • There must be only one shareholders and only one directors.
  • An OPC must have only one directors and must be an Indian citizen.
  • There is no minimum capital requirement.
  • There is no continued existence allowed in One Person Company Registration.

Company Registration Process for OPC Company Companies

Step 1:

Using the RUN application to reserve the OPC Company's name through Spice PART A form accessible via the MCA portal.

Step 2:

Choosing a memorable name for the OPC Company. Look up the name of the OPC Company.

Step 3:

It will take MCA 3-4 days to approve or reject the name approval request.

Step 4:

If the name is approved, the MCA will send us a name permission letter, and we must register the firm within 20 days.

Step 5:

To extend the grace period before the 20-day grace period expires, an additional fee must be paid.

Step 6:

Obtaining the DSC and DIN of the company's directors will incur additional costs.

Step 7:

Using SPICE PART B, draught the company's MOA and AOA electronically.

Step 8:

Submitting an online application for the formation of an OPC Company.

Step 9:

The application will be evaluated by the Ministry of Corporate Affairs.

Step 10:

If a company is formed, the MCA will issue a Certificate of Incorporation, PAN, and TAN.

Benefits of OPC Registration

OPC is the only corporate entity in India that can be operated by a single promoter with limited liability protection, ensuring the business's perpetual existence as well as easy ownership transferability.

In the event of the original director's incapacity or death, the only owner of the OPC shall nominate another person who is an Indian resident.

The incorporated OPC has "perpetual succession," or continuous existence until legally dissolved. Because the company has its own legal existence, it is unaffected by the death or departure of any of its members and continues to exist regardless of changes in ownership.

In OPC, ownership can be transferred by changing the nominee director's information, shareholding, or directorship, or by signing, filing, and transferring share certificates and share transfer forms, which are sufficient to transfer the company's ownership.

Due to the requirement that an OPC have its books audited annually, it has greater credibility among vendors and lending institutions.

Venture capital, financial institutions, angel investors, and other sources of funding are readily available. It is clear that banks and other financial institutions prefer to provide funding to corporations rather than partnership firms or proprietary concerns that require very little ROC filing to be registered with the Registrar of Companies.

A company with artificial person status is allowed to acquire, own, enjoy, and alienate property in its name, such as buildings, intangible assets, factories, residential property, and so on, and can claim any ownership of the company while serving as the nominee director.

A One Person Company Registration has fewer compliances, which are Reasonable and Minimum Compliance.

Only the company's investment is lost in OPC; the directors' personal assets are protected regardless of the business's debts. Because the business entity is a corporation, the entrepreneurs' assets are protected from the corporation's failures.

Because of the lack of documentation, OPC Company is simple to sell.

Because this enables quick decision making and execution, the OPC can appoint up to 15 directors to official functions without providing them with any share.

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Frequently Asked Questions

1. What do you understand by OPC and its registration?

One Person Company (OPC) a new company formation, upholds the advantages of sole proprietorship and the corporate state having one member, as the Director and a nominee. The concept of OPC Registration was started by the Companies Act, 2013 to give a boost to the entrepreneurs who have the capability of commencing their venture. They are applicable to create a single person company. The OPC Registration is mandatory for all entrepreneurs.

2. How many people are required to start One Person Company?

At least one nominee is required to start an OPC who can act as a shareholder as well as a director.

3. How much capital is required to begin with OPC company?

The least capital demand is Rs. 1 Lakh but this amount varies from your investment. Authorized capital and investment are not the same in OPC Company. You can invest as much as you want to but when you need to incorporate a company professionally, it has to be begun with Rs.1 Lakh as capital.

4. Who can become member of One Person Company?

Any individual/organization can become a member of One person company including foreigners/NRI’s.

5. For Incorporation of One Person Company do I have to be present in person?

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail.