As the name suggests, an OPC or One Person Company is a business format where a single person owns the company. There is no more than a single director or more than a single member. Being a single-handled company, an OPC is easy to manage. If you are an entrepreneur who seeks singular success, you can register as 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.” Therefore, unlike a Private Limited Company, this single company registration of a single owner doesn’t need a minimum of two directors. However, like a private limited company, the online One Person Company Registration in India does provide you with Limited Liability.
Types of OPC
OPC Formation can be done as an:
1. OPC limited with Guarantee
2. OPC limited with Share Capital
3. OPC unlimited company
Benefits of a One Person Company registration
After the online registration of a One Person Company in India, there are the following benefits that can be enjoyed:
Limited Liability
As the business entity is a company, the entrepreneurs have their assets protected from the failings of the company.
Separate Legal Entity
An OPC Company is a separate legal entity from the owner.
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:
These minimal requirements make the OPC business registration process quite accessible yet still difficult for common people.
Documents required for One Person Company Registration in India
Following are the documents required for One Person Company (OPC) Registration
For Directors/Nominee
For Registered Office
OPC Company Registration process
Following is the procedure for incorporation of a One Person Company in India
Our Assistance in registering a One Person Company in India
At Registrationwala, we provide end-to-end solutions for the registration of a One Person Company. Our services include:
We are a team of leading business experts in India.Through our OPC incorporation process, your online OPC company registration in Delhi can be started on time, and the dream of your solo company can be realized.
Q1. What is an OPC company?
A. As the name suggests, an OPC or One Person Company is a business format where a single person owns the company. There is no more than a single director or more than a single member. Being a single-handled company, an OPC is easy to manage. If you are an entrepreneur who seeks singular success, you can register as an OPC in India.
Q2. Is there any facility through which we can apply for One Person Company registration in Delhi?
A. Yes, you can connect with us at REGISTRATIONWALA.COM, and we will initiate your OPC registration.
Q3. How does one formally define OPC?
A. 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.”
Q4. How is an OPC different from a Private Limited Company?
A. Unlike a Private Limited Company, this single company registration of a single owner doesn’t need a minimum of two directors.
Q5. How is OPC similar to a Private Limited Company?
A. Like a private limited company, the online One Person Company Registration in India does provide you with Limited Liability.
Q6. What types of OPC are defined under the Companies Act of 2013?
A. The One Person Company or OPC Formation can be done as an:
Q7. What are the benefits of registering a One Person Company?
A. After the online registration of a One Person Company in India, there are the following benefits that can be enjoyed:
Q8. What are the pre-conditions before registering a One Person Company in India?
A. 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:
Q9. What makes an OPC registration process simple?
A. These minimal requirements make the OPC business registration process quite accessible yet still difficult for common people.
Q10. What documents must be submitted by the director of an OPC with the registration application?
A. Following are the documents required for One Person Company (OPC) Registration
Q11. What documents must be submitted as proof of address for the registered office of an OPC?
A. For the registered office,
Ø Ownership Proof (Electricity Bill, Gas Bill, Electricity Bill, Mobile Bill)
Ø NoC (Download Format)
Q12. How does one register for a One Person Company incorporation in India?
A. Following is the procedure for incorporation of a One Person Company in India
1. Choose a unique name
2. Choose a nominee for the One Person Company formation
3. Reserve the name using the RUN application
4. Obtain the DSC and DIN of the director
5. Draft MOA and AOA
6. Submit the online application
7. Assessment of the application by MCA
Q13. How can Registrationwala help you register the One Person Company?
A. At Registrationwala, we provide end-to-end solutions for the registration of a One Person Company. Our services include:
1. Company name research
2. Obtaining DSC and DIN
3. MOA and AOA drafting
4. Application filing
5. Following up with the Ministry of Corporate Affairs