One Person Company Registration

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One Person Company (OPC) Registration: Online Procedure, Necessary Documents, and Costs

One Person Company (OPC) is a type of private limited company that can be established with a single individual who serves as the director and shareholder of the company. The concept of OPC emerged to address the limitations of sole proprietorship, which is the most common form of business registration for small enterprises in India. Unlike private limited companies or OPCs, which necessitate a minimum of two individuals, entrepreneurs can now establish a company with just one person.

What is a One Person Company (OPC)?

One Person Company or "OPC" is a kind of private limited company which is registered under the Companies Act, 2013. It can be registered with a single person who acts both as the director as well as shareholder of the company. OPC company use "opc private limited" or "opc pvt ltd" at the end of their company name because it is a private company owned by single person.

In the past, a minimum of 2 directors and 2 members were required to form a private limited company. A single person could not establish a private company. However, a new concept of OPC was introduced as per Section 2(62) in the Companies Act 2013, enabling a single person to establish a private limited company.

Benefits of One Person Company Registration

The benefits of forming an OPC in India include:

01Advantages of Limited Liability:

It provides protection for the personal assets of the owners through limited liability, safeguarding the director's assets in the event of financial issues with the company. This protection ensures that personal assets cannot be seized by banks or government departments.

02Enhanced Business Credibility:

As an OPC is structured as a private limited company, it carries a higher level of credibility when compared to traditional proprietorship firms. Unlike sole proprietorships, an OPC is issued a Certificate of Incorporation.

03Perpetual Existence:

Unlike proprietorship, where the firm ceases to exist in the event of any mishap involving the proprietor, a One Person Company continues to exist as it can be passed on to the nominee director.

04Distinct Legal Entity:

An OPC is an independent legal entity, and as a result, the business owners are not personally liable. The company can acquire assets and incur debts in its own name.

05OPC Registration for Non-Resident Indians (NRIs):

In accordance with the amendment in the Union Budget 2021-22, non-resident Indians (NRIs) are now eligible to establish One Person Companies. An individual who has resided in India for at least 120 days immediately preceding the financial year can register an OPC.

One Person Company Registration Process

The step-by-step process for registering an OPC in India includes the following:

Step-1
Applying for Digital Signature Certificate (DSC) in OPC Registration

One Person Company Incorporation: A Fully Digital Process with Mandatory Digital Signature Certificate (DSC)

Incorporating a One Person Company (OPC) is a completely digital process, and the requirement for a Digital Signature Certificate (DSC) is mandatory. The individual who will act as the director and subscriber to the memorandum of the company must apply for a DSC from certified agencies. Obtaining a DSC is a fully online procedure and can be completed within 24 hours. This process involves three straightforward verifications: document verification, video verification, and phone verification.

Step-2
Requesting Name Approval for One Person Company

Applying for OPC Name Approval Using SPICe RUN Form

The name application for a One Person Company can be submitted via the SPICe RUN form, which is an integral component of the SPICe+ form. When making the name application for the company, it is necessary to specify both the industrial activity code and the object clause of the company.

Step-3
Filing the SPICe Form (INC-32) for OPC Registration

Filling Details in the SPICe+ Form for Company Registration

After obtaining name approval, the next step involves drafting the registration details of the company in the SPICe+ form. This is a simplified format for electronically incorporating a company, and the required details in the form include.

  1. Company Details for Registration
  2. Member and Subscriber Information
  3. Applying for Director Identification Number (DIN)
  4. Applying for PAN and TAN for OPC
  5. Director and Subscriber Declaration
  6. Declaration and Certification by Professional
Step-4
Filing of e-Memorandum of Association (e-MoA) and e-Articles of Association (e-AoA)

SPICe e-MoA and e-AoA: Linked Forms for Company Registration Application

Memorandum of Association (MOA) in Accordance with Section 2(56) of the Companies Act, 2013

Articles of Association (AOA) as Per Section 2(5) of the Companies Act

Step-5
Issuance of PAN, TAN, and Certificate of Incorporation

After receiving approval for the mentioned documents from the Ministry of Corporate Affairs, PAN, TAN, and the Certificate of Incorporation will be issued by the relevant department. Subsequently, the company is obligated to open a current bank account using these documents. If you require assistance with the current bank account opening process, please feel free to contact us.

Register Your OPC in India with Docs Uncle: Simplify the Process

Streamline the One Person Company Registration Process with Docs Uncle

The process of registering a One Person Company can be complex and entails various compliances. Our experts at Docs Uncle are here to simplify the entire registration process for you. You can now register your OPC online in just three easy steps:

Step 1:
Get in touch via call or contact form

Step 2:
Provide necessary documents

Step 3:
Get your OPC registered in 7-10 days

Minimum Requirements for One Person Company (OPC) Registration

As per the Companies Act 2013, there are minimum requirements that need to be met for one person company incorporation online.

  • Unique business name
  • No Minimum Capital Requirement for OPC Registration
  • Appointment of a Nominee During OPC Incorporation
  • Office Address Proof Requirement

Essential Documents for One Person Company (OPC) Registration

For the incorporation of your One Person Company, you are required to provide valid identity and address proof documents. These documents must be submitted to the Registrar of Companies.

  • Submission of Passport-Size Photographs
  • Submission of Aadhar Card or Voter ID Copy
  • Submission of PAN Card Copy
  • Submission of Bank Statement (Recent, Not Older Than Two Months)
  • Acceptable Office Address Proof, Such as the Latest Electricity or Utility Bill
  • In the case of a rented office, a No Objection Certificate (NOC) is necessary from the property owner.

Documents you’ll get after OPC registration

After the Incorporation of a One Person Company, You Will Receive the Following Documents:

  • Certificate of Incorporation for Your OPC
  • Company's Permanent Account Number (PAN)
  • Company's Tax Deduction or Collection Account Number (TAN)
  • Articles of Association (AoA) for Your OPC
  • Memorandum of Association (MoA) for Your OPC
  • Director Identification Number (DIN) of the Director
  • Digital Signature Certificate (DSC) for Your OPC
  • EPF and ESIC Registration Documents for Your OPC
  • Company Master Data for Your OPC
    •

One Person Company Firm Registration Fees

The total fee for OPC firm registration in Rs. ₹7,499 Only which includes the Government fee as well professional fee of Docs Uncle.

  1. Digital Signature Certificate: The cost of ₹2,000 remains unchanged, but it's important to note that this amount could be related to various fees or expenses, depending on the context.
  2. Government Fee: The amount of ₹1,500 remains unchanged and is still a specific monetary value. Depending on the context, it could refer to fees, costs, or expenses associated with a particular process or service.
  3. Professional Fee: The value of ₹3,999 remains unchanged. Depending on the context, it could refer to a specific cost, fee, or expense associated with a particular service or transaction.
  4. Total Fee: The value of ₹7,499 remains unchanged. Depending on the context, it could refer to a specific cost, fee, or expense associated with a particular service or transaction.

Time required for Partnership registration

On average, it takes around 7-10 working days for registration of Partnership firm in India subject to document verification by the concerned authorities.

Explore our company incorporation packages.

Basic

Suitable for Startups

₹7,499

Services Offered

  • OPC Incorporation Certificate
  • DSC for Partners
  • DPIN for Partners
  • Stamp Duty Charges
  • OPC PAN & TAN Application
  • Drafting of MOA & AOA
  • Company Master Data
  • OPC Agreement Drafting
  • EPF Certificate
  • ESIC Certificate

Standard

Suitable for Businesses

₹14,999

Services Offered

Basic Plan

  • GST Registration
  • Auditor Appointment
  • Commencement of business
  • Issuance of Share Certificate
  • MSME Registration
  • Copies of Business Documents

Premium

Suitable for Corporates

₹34,499

Services Offered

Standard Plan

  • Trademark Registration
  • Current Account Opening Support
  • Annual Compliance
  • Startup India Registration

Frequently Asked Questions (FAQs)

You can either register a Proprietorship Firm or a One Person Company. After choosing the entity type, you’ll need to provide proper documents and proofs along with professional certifications to MCA portal.

Yes, a single person can form a company by registering a one person company or sole proprietorship. The type of business entity will depend on the business requirements.

A single person can form a private limited company and enjoy all the benefits of Pvt Ltd Company. Some of the main benefits are limited liability, separate legal entity, credibility and tax benefits.

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