Register Your One Person Company (OPC) Online – Fast and Easy

Registering a One-Person Company (OPC) is favored among entrepreneurs who desire limited liability and a distinct legal identity. OPC is a unique business structure that permits a single person to function as a company, giving them the benefits of limited liability while retaining complete control. In an 1 person company, the individual serves as both the director and shareholder, merging the advantages of a sole proprietorship with the legal protection of a private limited company.

At CAIndia, we specialize in simplifying the OPC registration process, ensuring that entrepreneurs can smoothly navigate the complexities of legal formalities with reasonable One person company registration fees. Our experienced team is dedicated to assisting you at every step to register one person company, from document preparation to filing, we offer expert guidance to help you make informed decisions regarding your One Person Company Registration.

Contact us now and take the first step toward building your entrepreneurial dream!

Introduction to One Person Company (OPC)

One Person Company (OPC) registration in India was introduced as a concept under the Companies Act of 2013, enabling a single individual to establish a company and enjoy the combined benefits of both a sole proprietorship and a traditional company structure. This concept of 1 person company became available with the implementation of the Companies Act in 2013.

The primary objective behind creating one-person companies was to foster entrepreneurship and encourage the formalization of Micro, Small, and Medium Enterprises (MSMEs). According to Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member, and interestingly, these roles can be held by the same individual. Simply, OPC Company registration allows a single person to set up a limited liability company in India. The following describes the eligibility and procedure to register one person company.

Eligibility Criteria to register One Person Company

Before you go ahead and engage in single person company registration process, it’s crucial to understand the specific eligibility criteria and limitations that govern its formation. The Companies Act sets out clear requirements that must be met to ensure that the individual promoting the 1 person company is eligible to do so.

• Natural Person, Indian Citizen & NRI: As per Companies (Incorporation) 2nd Amendment Rules 2021, only a natural person who is an Indian citizen whether resident in India or otherwise shall be eligible to incorporate a One Person Company. Note: Resident in India” means a person who has stayed in India for a period of not less than one hundred and twenty days during the immediately preceding financial year.
• Minimum Authorized Capital: The OPC must have a minimum authorized capital of Rs 1 00,000, the amount stated in the company’s capital clause during the OPC Company registration.
• Nominee Appointment: The promoter must appoint a nominee during the OPC’s incorporation. This nominee would become a member of the OPC in the event of the promoter’s death or incapacity.
• Restrictions on Certain Businesses: Businesses involved in financial activities such as banking, insurance, or investments are not eligible for OPC company registration.
• Conversion to Private Limited Company: If the OPC’s paid-up share capital exceeds 50 lakhs or its average annual turnover surpasses 2 Crores, it must be converted into a private limited company to comply with the regulatory requirements for larger companies.
• It’s worth noting that an individual can establish only one OPC, and an OPC cannot have a minor as its member. In the following section, you’ll find advantages and disadvantages one will get as a result of OPC registration online.

Advantages of One Person Company (OPC)

Advantages of 1 person company include the following:

• Legal Status: An OPC obtains a separate legal entity status, safeguarding the individual who founded it from personal liability for company losses.
• Easy Fundraising: Being a private company, OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms.
• Reduced Compliance: OPCs enjoy certain exemptions from compliance requirements under the Companies Act, 2013, simplifying administrative obligations.
• Simple Incorporation: OPCs can be established with just one member and one nominee, with the member also serving as the director. No minimum paid-up capital requirement simplifies the incorporation process.
• Efficient Management: With a single person managing the OPC, decision-making is swift, leading to efficient company management without conflicts or delays.
• Perpetual Succession: OPCs maintain perpetual succession, ensuring the company’s continuity even with only one member.

In conclusion, OPCs offer several advantages, including limited liability, ease of fundraising, reduced compliance, straightforward single person company registration and management, and perpetual succession.

Disadvantages of 1 Person Company

While OPCs offer advantages, there are also limitations for single person company registration:

• Suitable for Small Businesses: OPCs are primarily suitable for small-scale businesses as they can only have one member. This limits their ability to raise additional capital as the business expands.
• Restriction on Business Activities: OPCs are restricted from engaging in certain activities, such as non-banking financial investments and charitable objectives. Hence, the companies with these business activities are not eligible for OPC company registration. 
• Ownership and Management: There’s a lack of clear distinction between ownership and management in OPCs, as the sole member can also be the director. This can potentially lead to ethical concerns or conflicts of interest.

Required Documents for OPC Registration Online

Several essential documents must be prepared and submitted to the Registrar of Companies (ROC) as part of the Single Person Company registration process:

• Memorandum of Association (MoA)
• Articles of Association (AoA)
• The nominee’s consent, along with their PAN card and Aadhaar card, must be submitted via Form INC-3.
• Proof of Registered Office
• The proposed director should furnish a declaration in Form INC-9 and their consent in Form DIR-2.
• A declaration by a qualified professional certifying that all necessary legal compliances have been adhered to.

Keep these required documents ready for OPC company registration.

Registration of One Person Company (OPC) in India

In India, OPC company registration is facilitated through the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form, which has replaced the previous application forms for company incorporation.

The OPC Registration process consists of two parts:

• Part A: This initial section of the SPICe+ form is dedicated to securing approval for the desired company name and applying for the Director Identification Number (DIN) or Permanent Account Number (PAN) for the proposed director.
• Part B: The subsequent segment, known as Part B, involves furnishing incorporation-related details. Here, essential information such as the registered office address of the OPC, details about share capital, particulars of the director, and information about the shareholder is provided.

Here are the steps for an single person company registration.

Step 1: Obtain a Digital Signature Certificate (DSC)

Secure a Digital Signature Certificate (DSC) for the intended director of the OPC. The DSC is utilized for electronically signing crucial documents.

Step 2: Obtain Director Identification Number (DIN)

Acquire a Director Identification Number (DIN) for the proposed director from the Ministry of Corporate Affairs (MCA).

Step 3: Name Reservation

Apply for name reservation through the MCA portal using Form SPICe+ (Part A). Ensure that the chosen name for your company is distinct and does not resemble any existing company or trademark.

Step 4: Prepare MOA and AOA

Draft the Memorandum of Association (MOA) and Articles of Association (AOA) clearly to register one person company. These documents define the company’s objectives and internal rules.

Step 5: File the Forms

File the necessary forms with the MCA to register One Person Company. Attach the relevant documents to the SPICe+ form, including MOA, AOA, declarations, proof of the registered office, nominee appointment, and other documents as required by the MCA.

Step 6: Certificate of Incorporation

Upon approval by the ROC and verification of compliance requirements, the ROC will issue a Certificate of Incorporation, signifying the successful registration of your One Person Company. Notably, the PAN number (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are generated automatically during the incorporation process, eliminating the need for separate applications.

With this Certificate of Incorporation, your OPC is officially recognized and ready to commence its operations in India.

Why CAIndia for OPC Registration Online?

CAIndia is the ideal partner for OPC registration online for several compelling reasons. With years of expertise in company registration and a deep understanding of the regulatory landscape, CAIndia simplifies the often complex OPC registration process. Our one person company registration fees are designed to be affordable while providing exceptional value, ensuring a seamless experience from start to finish.

We offer expert guidance, from name reservation to document preparation and submission for effortless OPC company registration. Our commitment to accuracy and compliance guarantees that your OPC registration process adheres to all legal requirements, while our dedicated support team is readily available to address any queries or concerns you may have. With our transparent one person company registration fees, you can trust CAIndia to deliver reliable and professional service tailored to your needs.

Get started now and embark on your entrepreneurial journey with confidence!

Post-Incorporation Formalities for OPC

Following the successful incorporation of a One Person Company (OPC), specific compliance formalities must be adhered to, akin to those applicable to private limited companies. Our experts are ready to assist you in fulfilling OPC compliance requirements, ensuring that your business remains in full legal compliance.

One Person Company (OPC)

A one person company is a company which contains exactly one member. It is a separate legal entity from its promoter and the promoter has limited liability.

Entrepreneurs who are capable of starting a venture on their own can make use of one person company (OPC) in India. In an OPC, there is only one shareholder who is an Indian citizen and Indian resident i.e. stayed in India for at least 182 days in the preceding year.

Shareholder nominates another person as a nominee in case of death or incapacity of the shareholder. One person company was introduced in the Companies Act, 2013 to encourage self-employment. Rules of OPC do not permit Non-Banking Financial Institutions.

One Person Company in India is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder.

One Person Company Registration Service

Start your solo venture with confidence and ease. Ram & Co specializes in One Person Company (OPC) registration, guided by seasoned experts who ensure a smooth, compliant, and timely process. Take the first step toward your business dreams today.

Empower Your Entrepreneurial Dreams with Ram & Co’s Expert OPC Registration Services Embarking on your entrepreneurial journey as a One Person Company (OPC) is a significant milestone. At Ram & Co, we understand the unique challenges and opportunities this path presents, and we are here to guide you every step of the way

One Person Company (OPC)

A One Person Company (OPC) combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder.

OPC is formed as a Private Limited Company.

We can assist in registering OPC in Bangalore, India. In case you need our services, please write to 

+ Can a foreign national form an OPC?

No. Only an Indian citizen and resident can form a One Person Company

+ Is there a restriction in setting up OPC?

Yes. An individual can start only one OPC

+ Who can start an OPC?

Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.

For the above purpose, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.

One Person Company Registration

SAHU & ASSOCIATES: What is One Person Company (OPC)?

A One Person Company is a company with a single member. It was introduced by the Companies Act, 2013. OPC extends the concept of limited liability to a company run by a single person. It is similar in respects to a private limited company with certain differences like fewer compliances and relaxation of certain restrictions. Thus, an OPC is subject to all the provisions of the Act like a private limited company unless expressly excluded.

Who can start a OPC Company in India?

This is one of the most important question that is asked by every person who is willing to start a OPC in India.Through there is no restriction on anybody to form a company in India, but still, we would like to discuss some special cases:

Existing directors: Yes, they can open the OPC but if they already own one, then any further OPC is not allowed.

Employees: Employees are generally not allowed by their employers to form a company and be a director. They may hold shares but cannot take position as director. If you want to open a company, then check your employment agreement and you may also seek permission from the respective employer.

– Companies, Firms: As per Companies, act, 2013 only individual can form a OPC.

Minimum Requirements for One Person Company Registration

1. Minimum 1 Shareholder
2. Minimum 1 Directors
3. The directors and shareholders can be same person
4. Minimum 1 Nominee
5. Only Indian residents can be Shareholder & Nominee
6. Minimum 1 Director must be Indian Resident
7. Minimum Authorised Share Capital to be Rs. 1 Lac
8. DIN (Director Identification Number) for all Directors
9. DSC (Digital Signature Certificate) for 1 Promoters & 1 witness

Reasons to Register a One Person Company

Single Promoter

One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability.

Uninterrupted Existence

A company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.

Borrowing Capacity

Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.

Easy Transferability

Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.

Owning Property

A company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., Further, the nominee director cannot claim any ownership of the company while serving as a nominee director.

ADVANTAGES & BENEFITS of OPC

– Limited Liability Protection to Directors personal assets
– Helps for Testing of Business Model and Enables Funding
– Better image and credibility in Market
– Complete Control of the Company with a Single Owner
– Easy to Manage and Freedom from Compliances
– Easy to Sell OPC: OPC Company is easy to sell, very less documentation and cost is involved in selling a One Person company.

Disadvantage of One Person Company

– One Director must be a Indian Resident.
– Statutory Compliance are high.
– Costing is high as compare to LLP/Firms.


Steps to Incorporate One Person Company (OPC)

1. Obtain Digital Signature Certificate [DSC] for the proposed Director(s).
2. Obtain Director Identification Number [DIN] for the proposed director(s).
3. Select suitable Company Name, and make an application to the Ministry of Corporate Office for availability of name.
4. Draft Memorandum of Association and Articles of Association [MOA & AOA].
5. Sign and file various documents including MOA & AOA with the Registrar of Companies electronically.
6. Payment of Requisite fee to Ministry of Corporate Affairs and also Stamp Duty.
7. Scrutiny of documents at Registrar of Companies [ROC].
8. Receipt of Certificate of Registration/Incorporation from ROC.

EXEMPTIONS FOR AN OPC

– Sign on annual returns.
– Hold Annual General Meetings and Board Meetings.
– Statement to be annexed to notice.
– Quorum for meetings.
– Chairman of meetings.
– Proxies
– Restriction on voting rights.
– Voting by show of hands.
– Sign on Financial Statements.
– Option to dispense with the requirement of holding an AGM.
– Power of Tribunal to call meetings of members.
– Calling of extraordinary general meeting.
– Notice of meeting.-
– Voting through electronic means.
– Demand for poll.
– Postal ballot.
– Circulation of members’ resolution.


Documents Required for OPC Registration

For Single Director & Nominee

1. Copy of PAN Card
2. Aadhar Card
3. Address Proof (Bank Statement, Mobile bill, Telephone bill)
4. Passport Size Photo

For Registered Office

1. Ownership Proof (Electricity Bill etc)
2. Utility Bill (Gas Bill, Electricity Bill)
3. NOC

One Person Company (OPC)

An One Person Company (OPC) is a unique form of business structure introduced to support single entrepreneurs who want to enjoy the benefits of a corporation while maintaining complete control. One Person Companies are popular among individual entrepreneurs, freelancers, and small business owners who want to benefit from limited liability and structured growth without taking on partners. Here’s an overview of its main features:

Single Owner: As the name suggests, an OPC can have only one person as its member or shareholder. This is ideal for individual entrepreneurs who want to operate as a company without needing a partner or co-founder.

---

Limited Liability: The owner’s liability is limited to their investment in the company, protecting personal assets from business debts or liabilities, similar to other limited companies.

---

Separate Legal Entity: An OPC is a distinct legal entity, separate from its owner. It can hold assets, enter contracts, and be sued or sue in its own name, adding credibility to the business.

---

Nominee Requirement: Since an OPC has only one shareholder, the owner is required to appoint a nominee (usually a family member or trusted associate) who will take over the company in case of the owner’s death or incapacity. This nominee has no role in management unless they assume ownership.

---

No Transfer of Ownership: Unlike other company structures, an OPC has restrictions on the transfer of shares or ownership since there is only one shareholder. Ownership remains with the individual owner.

---

Compliance Requirements: While OPCs have simpler compliance requirements than Pvt Ltd or public companies, they still need to file annual returns, hold board meetings (even if there’s just one board member), and adhere to other basic statutory requirements.

---

Conversion Limits: OPCs are typically limited to smaller businesses, and once they reach certain thresholds (e.g., revenue or paid-up capital limits defined by local laws), they must convert into a Private Limited Company to support further growth.

---

Ease of Funding: An OPC can attract funding, but it may face limitations compared to larger companies since it cannot sell shares to the public and has a single-owner structure.

ONE PERSON COMPANY REGISTRATION (OPC)

---

One Person Company Registration in Delhi

Choose this plan to get your OPC registered along with FREE GST Registration

What is One Person Company (OPC)?

• OPC is company registered under Companies Act which requires only one director and one member, both can be the same person. Thus, this one person company offers the benefits of both a sole proprietorship and a duly incorporated limited company.
• It is undoubtedly very suitable for professionals or businesspersons for starting a legally robust and secure company to nurture their respective professional or entrepreneurial skills and ambitions.
• However, these one person companies are not entitled to carry out activities of a non-banking financial company in India.

Taxgoal is one of most trusted CA agent that offers One Person Company Registration in Delhi Gurgaon Noida and over the India with 100% transparency. We also offer Partnership Firm Registration

Services Covered

---

• FREE GST REGISTRATION
• Filing of E-forms with the Registrar of Companies (ROC)
• Digital Signature Certificates
• Name approval (RUN – Reserve Uniqe Name)
• Filing of SPICe form
• Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)
• PAN Application
• TAN Applicaiton
• Issue of Certificate of Incorporation
• Includes Govt Fees & Stamp duty for Authorized Capital upto Rs. 10 Lakh
• Excludes foreign national or Foreign Body Corporate as a director OR business that need approval from RBI, SEBI or IRDA for incorporation

For Whom this plan is?

---

• Entrepreneurs who wish to form a company with limited liability
• Proprietorship firm looking to get status of a company

Documents Required

---

• Copy of PAN Card of owner
• Passport size photograph of owner
• Copy of Aadhaar Card/ Voter identity card
• Copy of Rent agreement (If rented property)
• Electricity/ Water bill (Business Place)
• Copy of Property papers (If owned property)
• Landlord NOC (Format will be provided)
• Any other documents as required

What is One Person Company Registration?

One person Company is a company that comprises a single person as a shareholder and can be contrasted with private companies. It means a company formed with only one person as a member, unlike the traditional manner of having at least two members. These companies get all the benefits of a private company such as they have access to credits, bank loans, limited liability, legal protection, etc.

What are the Features of One Person Company Registration in Delhi?

• Private company
• As per the provisions of Section 3 of the Companies Act, a single person can form a company for any lawful purpose. It further describes OPCs as private companies. OPCs can have only one member or shareholder, unlike other private companies.
• No perpetual succession
• Since there is only one member in an OPC, a member’s death will result in the nominee choosing or rejecting to become its sole member. This does not happen in other companies as they follow the concept of perpetual succession.
• No. of director
• OPCs need to have a minimum of one person (the member) as director. They can have a maximum of 15 directors.
• No minimum paid-up share capital
• Companies Act, 2013 has not prescribed any amount as minimum paid-up capital for OPCs.
• Special privileges OPCs enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess

What documents are required for OPC Registering in Delhi India?

• Passport size photograph of all Directors
• Identity Proof – PAN Card, voter ID, adhaar card of the proposed Directors of the Company
• Address Proof – Electricity bill, bank statement, mobile bill not older than two months
• The registered document of the title of the premises of the registered office in the name of the company; OR The notarized copy of lease/rent agreement in the name of the company.
• The No Objection from the Landlord, to use the premises by the company as its registered office; AND
• Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.

Taxcellent helps you with Company Registration in Delhi within 15 days. We promise you to provide the best service and after-compliance activities.

What is One Person Company Registration

A One-Person Company Registration is that has only one person as a member. OPC Registration was introduced to encourage individuals who are capable of starting their own business. OPC enables a sole proprietor to convert his firm into a Limited Liability company and avail the benefits of a Company. It is a business structure that enjoys the benefits of both forms of business i.e. a Sole proprietorship and a company. Thus, it eliminates the hassles of finding the right kind of co-partner/s for starting a business as a registered entity.

As Per Section 2(62) of the Companies Act, 2013, One Person Company means a company that has only one person as a member. One Person Company is bringing the unstructured Proprietorship Business into the structured version of a private company. OPC is opening the path for sole proprietors and Start-Ups.

Benefits of One-Person Company Registration

• One Person Can Start The Business : Under OPC, one person can start the business with very little compliance. Due to fewer compliances, a person gets more time to focus on his business and key areas.
• Complete Control By The Individual : The control remains in the hand of one person only.
• Limited Liability : In case of One Person Company, the member of OPC has limited liability.
• Separate Legal Entity From Its Member : Being a company, OPC has a separate legal existence from its member.
• Easy Compliance And Tax Flexibility : An individual has to follow easy compliance and avails the benefit of tax availability too.
• Benefits For Small Scale Industries : OPC avails the benefits provided to Small scale industries like easy funding, less compliance, loans at a lower interest rate, etc.

What are the Eligibility Criteria for One-Person Company Registration?

• A natural person can form OPC who is a resident of India in the preceding calendar year.
• Only 1 member can form an OPC.
• The Name should be unique and should not be similar to any other existing company and trademark.
• An individual cannot incorporate more than 1 OPC or
• An individual cannot be the nominee of more than 1 OPC.
• There must be a least 1 director.
• In the case of OPC, the threshold limit of paid-up capital is Rs 50 lakh and the Average Annual turnover is Rs 2crore in the immediately preceding financial year. However, as per latest budget now there is no restriction on paid up and turnover limit.
• One Person Company must include in its name (OPC) Private Limited.
• Pre-condition to indicate the name of the other individual as a nominee. As in the event of the death of the subscriber, a nominee becomes a member of the One Person Company.

What Documents are Required for OPC Registration?

Below-mentioned documents are required for OPC Registration:-

For DSC Application

• Passport size photo of the applicant.
• Copy of Id and Address Proof.
• Email Id and Phone number
• Specimen Signature

Documents Required For SPICe+ Form

• Identity proof
• Address proof & Identity proof and of the nominee and the subscriber

Note-For Residential proof, the applicant can provide any of the following documents:-

• Copy of Current Bank Account Statement, Phone Bill, or Electricity Bill)
• Copy of Rent agreement and No-objection Certificate from the property owner.
• If the property is owned-Copy of the sale deed.
• Memorandum of Association and Articles of Association
• Declaration by the Subscribers and Directors
• Proof of Office Address
• Copy of Electricity or Utility Bills. However, it should not be older than 2 months.
• Nominee’s Consent in Form INC-3
• Disclosure of Director’s Interest and any other document (if required).