One Person Company Registration

As the name suggests, an OPC or One Person Company is a format of business where the company is owned by a single person. There is no more than a single director or more than a single member. Being a singly-handled company, it is easy to manage it. If you are an entrepreneur who seeks singular success, you can register an OPC in India.

The definition of a One Person Company is explained in Sub Section 62 of section 3 of the Companies Act, 2013, which states: “One Person Company means a company which features only one Member”. Unlike a private limited company, this single company registration with a single director doesn’t need minimum two directors. However, like a private limited company, the OPC registration in India does provide you with limited Liability.

OPC Formation can be done as an:

1. OPC limited with Guarantee
2. OPC limited with Share Capital
3. OPC unlimited company

After the registration of a One Person Company, there are following benefits that can be enjoyed:

1. Limited Liability: As the business entity is a company, the entrepreneurs have their assets protected from the failings of the company.
2. Separate legal entity: an OPC Company is a separate legal entity from the owner.
3. Less number of compliances: For a One Person Company, the number of compliances is less.

Eligibility Criteria for One Person Company Registration in India

Before you can register OPC (One Person Company), there are some requirements that you need to keep an eye out for. Following are the OPC registration requirements that you need to know:

1. Only one director
2. Only One Member
3. No minimum paid up share
4. No capital
5. No continued existence allowed.

These minimal requirements make the one person company registration process quite accessible, but yet, still difficult for common people.

Documents required for One Person Company Registration in India

Following are the documents required for One Person Company Registration

For Directors/Nominee

• ID proof of the nominee
• Copy of PAN Card
• Identity Proof (Voter Card, Passport, Driving Licence)
• Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
• Passport Size Photo

For Registered Office

• Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
• NOC (Download Format)

Process to Register a One Person Company in India

Following is the procedure to incorporate a One Person Company in India

·         Choosing a unique name for the company

·         Identifying and Choosing a nominee of the One Person Company

·         Reserving the name of the private limited company using RUN application

·         Obtaining the DSC and DIN of the directors of the company

·         Drafting MOA and AOA of the company

·         Submitting the online application for private limited company incorporation

·         Assessment of the application by the Ministry of Corporate Affairs

One Assistance to Register a One Person Company in India

At Registrationwala, we provide end to end solutions for one person company registration. Our services include:

·         Company name research

·         Obtaining DSC and DIN

·         MOA and AOA drafting

·         Application filing

·         Following up with the Ministry of Corporate Affairs

We are a team of leading business experts in India. Through our One Person Company Registration process, your OPC can be started on time and your dream your solo company can be realized.