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One Person Company (OPC) Registration in India

A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to operate a corporate entity with limited liability protection. This innovative model blends the advantages of a sole proprietorship and private limited companies, offering individual business owners the flexibility to independently manage and control their ventures while enjoying full corporate benefits such as separate legal identity, perpetual succession, and easier access to funding. OPCs are ideal for small businesses and startups looking to scale with a professional image while minimizing personal risk.

When Should You Consider Forming an OPC?

Establishing an OPC is particularly beneficial in the following scenarios:

  • Individual Entrepreneurs: Ideal for solo business owners aiming to have full control over their enterprise while limiting personal liability.
  • Startups: Suitable for new ventures seeking a straightforward structure with scalability potential.
  • Professional Services: Beneficial for professionals like consultants, designers, and freelancers who wish to formalize their operations

Small Businesses: Appropriate for small enterprises desiring a corporate identity without the complexities of a multi-member company.

Required Documents for OPC Registration

To register an OPC, the following documents are typically required:

  • Identity Proof of the Sole Member/Director:
      • PAN Card
      • Passport (if applicable)
      • Voter ID
      • Driving License
  • Address Proof of the Sole Member/Director:
      • Aadhaar Card
      • Bank Statement
      • Utility Bills (not older than two months)
  • Photograph:
      • Recent passport-sized photograph
  • Registered Office Address Proof:
      • Electricity Bill or Property Tax Receipt
      • Rent Agreement (if the property is rented)
      • No Objection Certificate (NOC) from the property owner
  • Nominee’s Consent:
    • Consent form signed by the nominee
    • Nominee’s identity and address proofs

Step-by-Step Process for OPC Registration

Registering an OPC involves the following steps:

  • Obtain Digital Signature Certificate (DSC):
      • The sole member/director must acquire a DSC to digitally sign electronic documents.
  • Apply for Director Identification Number (DIN):
      • File Form DIR-3 with the Ministry of Corporate Affairs (MCA) to obtain a DIN for the proposed director.
  • Name Reservation:
      • Propose a unique company name and apply for reservation using the RUN (Reserve Unique Name) service on the MCA portal.
  • Drafting of Memorandum and Articles of Association (MoA and AoA):
      • Prepare the MoA, outlining the company’s objectives, and the AoA, detailing the company’s governance and operational rules.
  • Filing Incorporation Forms:
      • Submit the SPICe+ (Simplified Proforma for Incorporating Company Electronically) form along with the required documents to the MCA.
  • Appointment of Nominee:
      • Nominate a person who will take over the company’s affairs in case of the sole member’s death or incapacity, with their consent filed in Form INC-3.
  • Certificate of Incorporation:
      • Upon verification, the Registrar of Companies (RoC) issues the Certificate of Incorporation, officially recognizing the OPC.
  • PAN and TAN Application:
      • Alongside incorporation, apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
  • Opening a Bank Account:
      • Use the Certificate of Incorporation, PAN, and other necessary documents to open a bank account in the company’s name.
  • Commencement of Business:
    • File a declaration for the commencement of business within 180 days of incorporation.

Why Choose VSB Consultants ?

Get Started Today!

Take the first step toward launching your business with confidence. Our experts will assist you in setting up your sole proprietorship hassle-free.

📞 Call us now on +91 9875991882 or fill out the inquiry form to get expert assistance from VSB Consultants Pvt Ltd!

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Get Started Today!

Embark on your entrepreneurial journey with confidence. Our experts are ready to assist you in establishing your One Person Company, providing personalized guidance every step of the way.

📞 Call us now or fill out the inquiry form below to get expert assistance from VSB Consultants Pvt Ltd!

Frequently Asked Questions (FAQs)

  • +1. What is a One Person Company (OPC) ?
    An OPC is a type of company incorporated by a single individual, combining the benefits of a sole proprietorship with the limited liability of a company.
  • +2. Who can form an OPC ?
    Only a natural person who is an Indian citizen and resident in India is eligible to incorporate an OPC.
  • +3. What is the role of a nominee in an OPC ?
    A nominee is a person designated by the sole member to take over the company’s affairs in case of the member’s death or incapacity.
  • +4. Can an OPC have more than one director ?
    Yes, while an OPC can have more than one director, it cannot have more than one member.
  • +5. Is there a minimum capital requirement for an OPC ?
    No, there is no mandatory minimum paid-up capital for an OPC.
  • +6. Can an OPC be converted into a Private Limited Company ?
    Yes, an OPC can be converted into a Private Limited Company voluntarily or mandatorily upon meeting certain criteria, such as exceeding turnover etc.