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One Person Company Registration (OPC)
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Steps to register One Person Company online
Fill the form and provide documents
Just fill your contact details and share the required documents for company registration
Sign and share the documents
Our team will share the documents for signatures, just sign and share scanned copies.
Filing of registration application
Registration application is filed with concerned ROC and we will keep you updated on its status.
Overview
A One Person Company (OPC) is an ideal business structure for individual entrepreneurs in India who seek the benefits of a registered company while enjoying the simplicity of a single-owner entity. An OPC allows a single individual to form and operate a business with the advantage of limited liability protection, which shields personal assets from business liabilities. This structure is particularly suited for small businesses and startups, combining the simplicity of a sole proprietorship with the liability protection of a private limited company.
OPCs enjoy lighter compliance requirements compared to other business structures, such as private or public limited companies, which translates to easier management and reduced regulatory demands.
This structure is perfect for entrepreneurs who seek full control over their business decisions while benefiting from the formal status of a registered company.
Requirements for registration
- Name of proposed company
- Business objects of the Company
- State of registration
- Mail addresses and contact numbers of Directors/Shareholders
- Identity and residence proof of Directors/Shareholder and Nominee:
-Scanned copy of pan card
-Scanned copy of Aadhaar card/driving license/voters’ identity card
-Bank statement/electricity bill or any other utility bill not older than 2 months (should be in the name of Director or Shareholder only) - Documents for registered office of Company:
-Scanned copy of electricity bill or no objection certificate in case of owned property or
-Scanned copy of rent agreement, electricity bill and no objection certificate if registered office premise is rented or
-Scanned copy of sale deed/property deed and no objection certificate in case of owned property and no electricity bill is available.
Features of OPC
- One member only: As the name suggests, an OPC can have only one member. This means that the owner has complete control over the company’s operations and decision-making processes.
- Easy to manage: As an OPC has only one member, it is easier to manage and operate as compared to other forms of companies. This results in faster decision-making and better control over the business operations.
- Limits the personal liability: It provides limited liability protection to its owners and shareholders. This means that if the company fails, the owners are not personally liable for any debts or liabilities incurred. This provides a great deal of financial security to the owners, as they are not at risk of losing their personal assets in the event of a business failure.
- Separate legal entity: It is a separate legal entity. This means that the company is recognized by the law as an independent legal entity and is responsible for its own liabilities and obligations. This provides the owners and shareholders with a great deal of freedom as they are not personally responsible for any of the company’s actions.
- Quick registration: The formation of an OPC is relatively easy compared to other forms of business organizations. There are fewer legal formalities involved and the company can be formed in a matter of days.
- Perpetual succession: A One person company limited company has perpetual succession. This means that the company continues to exist even if its owners or shareholders die or leave the company. This provides a great deal of stability to the company and allows the business to continue even in the event of changes in ownership.
Process of Registration
- Choose a Unique Company Name The company name should be unique and should not be identical or too similar to existing company names already registered with the Ministry of Corporate Affairs.
- Obtain Digital Signature Certificates The applicant should obtain the DSC of all the directors and the promoters.
- Draft the Memorandum of Association and Articles of Association The MOA and AOA should be drafted as per the Companies Act, 2013.
- File web form INC-32 The web form Spice INC-32 along with MOA and AOA should be filed with the Registrar of Companies.
- Obtain Certificate of Incorporation Upon successful filing of web form INC-32, ROC will issue Certificate of Incorporation.
- Obtain Pan and Tan of Company Pan and Tan of Company are issued along with Certificate of Incorporation.
Why BizReg?
We make it easier for entrepreneurs to get their OPC registered online from the comfort of their home. With BizReg, you can get your one person company registration done in just 7-10 working days. We provide a comprehensive package that includes not only the registration process but also guidance through the entire process. This includes company name verification, filing of the documents, obtaining Director Identification Number and Digital Signature Certificate, getting the company registered with the Registrar of Companies, and more. Additionally, we also offer post-registration services like GST registration, filing of annual returns, and maintenance of statutory records.