One Person Company Registration
One Person Company
One Person Company registration or OPC registration in India is a new concept introduced within the Companies Act of 2013. A single person can incorporate one Person Company in India. Before the enforcement of the Companies Act 2013, a single person was not able to set up a company. An OPC company registration has the characteristics of a company and the advantages of a sole proprietorship. Previously, if a person had to start a business, they should only opt for a sole proprietorship.
According to Section 2, Paragraph 62 of the Companies Act of 2013, only one executive and one partner can establish a company. One person company registration in India is an entity with fewer compliance requirements than a private limited company.
Benefits of OPC Company Registration or OPC registration online
Necessary Documents needed for OPC registration online
Below is a list of documents that are required for OPC registration online:
- PAN card or passport
- Passport in case of foreign nationals
- Driving License or Voter ID card
- Updated gas or electricity bill
- Specimen signature
- Passport size photo
One Person Company Registration Procedure
Step 1: Apply for DSC
The first step for One Person Company registration is to obtain a Digital Signature Certificate (DSC) of the proposed director, which requires the following documents:
- Address proof
- Aadhaar card
- PAN card
- Photo
- Email ID
- Telephone number
Step 2: Apply for a DIN
Once the Digital Signature Certificate (DSC) is created, the next step for One Person Company registration is to apply for the Director Identification Number (DIN) of the proposed director in the SPIC form, along with the director's name and address.
Step 3: Apply for name approval.
The next step in OPC registration online is to decide on the company’s name. The Company’s name shall be "ABC (OPC) Private Limited.” The name can be approved in Form SPICe+ 32. Only one preferred name can be given in Form SPICe+ 32, along with the meaning of keeping that name. If a name is rejected, another name can be submitted using a different SPICe+ 32 application form.
Step 4: Required documents for One Person Company registration
We need to prepare the following documents that must be submitted to the ROC for One Person Company Registration:
- Memorandum of Association (MoA) is the subject matter by which the company will be governed or states the object of business for which the company will be incorporated.
- The company’s laws set the Articles of Association (AoA).
- Since there is only one director and member, a nominee must be appointed on behalf of such person because, in the event of his becoming incapacitated or dying and unable to perform his duties, that nominee will act on behalf of the director and take his place. His consent form INC – 3 will be accepted along with his PAN and Aadhar cards.
- Proof of registered office of the proposed company, along with proof of ownership and NOC from the owner.
- Declaration and consent of the nominated director in form INC -9 and DIR – 2, respectively.
- A statement from an expert confirming that all requirements have been met.
Step 5: Filling Forms with MCA
All these documents will be attached to SPICe, SPICe-MOA, and SPICe-AOA form along with the DSC of the Director and Professional and will be uploaded on the MCA site for approval. Pan Number and TAN have been generated automatically at the time of incorporation of the company. There is no need to submit separate applications for obtaining PAN and TAN.
Step 6: Issuance of a certificate of registration
After verification, the Registrar of Companies (ROC) will issue a certificate of incorporation, your OPC company registration is done and you can start doing business.
FAQ's
Few doubts important to be resolved quickly
1. Who is authorized to act as an OPC member?
2. How many OPCs can a person be a member of?
3. Is there any tax advantage in setting up an OPC registration online
4. Who cannot start a One Person company registration?
One Person Company Registration
GOLD
- Registration within a week
- Authorised Capital upto 5 lakhs
- MOA, AOA, Pan, Tan, e-copy
- 1 DIN & DSC
- Certificate of Incorporation e-copy
- FREE CONSULTANCY
- GST Registration
- Udyam Registration
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- Trademark Registration
- Audit & Annual Compliances
- ISO 9001:2015
- Appointment of Auditor
- Commencement Certificate
- ITR of Company
PLATINUM
- Registration within a week
- Authorised Capital upto 5 lakhs
- MOA, AOA, Pan, Tan, e-copy
- 1 DIN & DSC
- Certificate of Incorporation e-copy
- FREE CONSULTANCY
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- GST Registration
- Udyam Registration
- ISO 9001:2015
- Trademark Registration
- Appointment of Auditor
- Commencement Certificate
- Audit & Annual Compliances
- ITR of Company
DIAMOND
- Registration within a week
- Authorised Capital upto 5 lakhs
- MOA, AOA, Pan, Tan, e-copy
- 1 DIN & DSC
- Certificate of Incorporation e-copy
- FREE CONSULTANCY
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- GST Registration
- Udyam Registration
- ISO 9001:2015
- Trademark Registration
- Appointment of Auditor
- Commencement Certificate
- Audit & Annual Compliances
- ITR of Company
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