What is One Person Company(OPC)?

One Person Company (OPC) is the best way to start a company. OPC is one of the significant milestones of the Companies Act, 2013, introduced to encourage self-employment with a backbone of India’s legal system.  A One Person Company can be established only for small businesses as the maximum turnover it can operate with is Rs.2 Crores Only. This is a new concept introduced for the first time in India where one person can act as a shareholder as well as director of the company hence more like a one-person controlled organization. Only an Indian Citizen can open a One Person Company.

Advantages of Registering Private Limited Company:

  • Limited Liability: The liability of the Shareholder is to the extent of share capital.
  • Separate Legal Entity: It has a separate legal entity and the Shareholder is liable only to the extent of the share capital.
  • Perpetual Existence: The existence of Company does not depend upon the director or shareholder of the Company.
  • No Minimum Capital: No minimum capital has been prescribed for registration of Private Limited Company. As per business requirements it can be decided. The Stamp Duty, Incorporation fees depends upon the amount of Authorised Capital of the Company.
  • Single Promoter: This is the best suitable form of business startup for single promoter wiling to start own business strartup
Requirements

Basic Requirements for One Person Company (OPC) Registration:

  • Only One Shareholder.
  • Only One Director who must be resident of India.
  • Digital Signature Certificate(DSC) for Promoter/Director.
  • One Nominee.
  • Proposed name of the Company which should be unique, contain an activity word that reflects its objects and it should be in in line with the name guidelines provided by the Ministry of Corporate Affairs.
  • Proposed objects of the company i.e. proposed business activities which company is planning do in the business.
  • Proposed Registered office address of the Company for receiving and acknowledging all communication address to it.
  • No objection Certificate from the owner of premises where registered office of the company shall be situated.
STEPS

Steps involved in the registration of One Person Company (OPC):

  • Order Form: Fill up details for One Person Company (OPC) registration and Complete our Order form.
  • Obtain DSC: Apply for Digital Signature Certificate for Promoter/Director of the Company.
  • Web Form SPICe+: Apply for registration of One Person Company (OPC) under integrated form for incorporation with one name in through  SPICe+ along with AGILE-PRO, SPICe+AoA and SPICe+MoA with MCA.
  • Issuance of Certificate of Incorporation: Once the integrated web form for Incorporation have been filed, Company get incorporated within 3-4 working days and Certificate of Incorporation will be issued.
  • PAN & TAN: Upon the filing of the Company Registration under integrated Spice e-Form with MCA, PAN & TAN of the Company will be allotted along with Certificate of Incorporation. No Separate Filing will be required for allotment of PAN & TAN
Documents

Documents Required for One Person Company(OPC) Registration

The proposed Director & Nominee should provide the following documents for obtaining digital signature certificate(DSC) and Company Registration.

Category

Document Required

Identity Proof

Permanent Account Number (PAN) Card (Mandatory for Indian National)

Additional Identity Proof

(Any one of Document)

 

a)      Voters Identity Card

b)     Passport

c)      Driving License

Address Proof

(Any one of Document/Not older than 2 Months)

 

a)      Bank Statement

b)     Electricity Bill

c)      Mobile Bill

d)      Telephone Bill

Registered office Address Proof

Any one of Document/Not older than 2 Months)

Electricity Bill/Mobile Bill/Telephone Bill/Gas Bill

Passport Size Photographs of Director & Nominee