OPC Registration

One Person Company Registration

Market Price : Rs. 14,000

Offer Price : Rs. 9,800

Discount : Rs. 4,200 (30%)

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What is a One Person Company (OPC)?

A One Person Company (OPC) is a special form of corporate entity brought in by the Companies Act, 2013 in India. It enables a single entrepreneur to run a corporate entity with limited liability protection. The OPC form is intended to promote individual entrepreneurs to begin their business ventures without the intricacies involved in the conventional company forms.

Salient Features of a One Person Company

Single Shareholder:    There can be one shareholder in the case of an OPC, and the shareholder may even be the sole director.

Limited Liability: The liability is limited to the extent of the capital brought by the shareholder in the business.

Separate Legal Entity: An OPC is a separate legal entity of its owner, i.e., the company is capable of holding property, incurring debts, and suing or being sued in its name.

Nominee Requirement: A nominee needs to be appointed at the time of incorporation. He/she will become responsible for the running of the company in case of death or incapacitation of the sole shareholder.

Less Compliance: OPCs require fewer compliance compared to private limited companies and are thus simpler to handle.

No Minimum Capital Requirement: There is no minimum paid-up capital requirement to incorporate an OPC.

Perpetual Succession: The existence of the company can be continued even if the sole member ceases to be a part of the company as long as the nominee consents to being the sole member.

Taxation: OPCs are taxed as private limited companies under the Income Tax Act.

Advantages of One Person Company

Limited Liability: The owner's personal assets are safeguarded from business liabilities.

Separate Legal Entity: The OPC is a separate legal entity, independent of its owner.

Perpetual Succession: The OPC remains in existence even after the owner's death, with the nominee assuming control.

Ease of Management: Reduced compliance and administrative hassle as opposed to other company forms.

Improved Credibility: An OPC is more trustworthy as opposed to a sole proprietorship, and hence it will get more business opportunities and finance.

Procedure of One Person Company Registration

Digital Signature Certificate (DSC): Avail a DSC for the intended director and Nominee of the company.

Director Identification Number (DIN): File a DIN for the intended director by submitting the SPICe Form (Simplified Proforma for Incorporating Company Electronically).

Name Approval: Submit the name approval of the OPC through the RUN (Reserve Unique Name) service on the MCA portal. The name must be distinctive and meet the naming guidelines issued by the MCA.

Incorporation Form: Submit the SPICe Form along with the Memorandum of Association (MOA) and Articles of Association (AOA). Enclose the documents required, such as the consent of the nominee in Form INC-3.

Certificate of Incorporation: When the Registrar of Companies (ROC) confirms the documents submitted to them, they will issue a Certificate of Incorporation, and the OPC is formally established.

Documents Needed for Registration of One Person Company

Proof of Identity: PAN card and Aadhar card of the sole director,Nominee and director.

Proof of Address: Bank Statement or Electricity bill of the sole director. Nominee and director.

Registered Office Address Proof: Rent agreement, sale deed, or utility bill that is not more than two months old.

Consent of Nominee: Form INC-3 executed by the nominee.

Photographs: Passport-sized recent photographs of the sole shareholder, director, and nominee.

MOA and AOA: Executed copies of the Memorandum of Association and Articles of Association.

Corporate Verdict: Your Partner in OPC Registration

Corporate Verdict is a group of seasoned professionals committed to assisting entrepreneurs in registering One Person Companies (OPCs) efficiently and economically. We know the ins and outs of the registration process and provide an easy experience for our clients. Our services are:

Expert Consultation: Offering elaborate advice on the viability and advantages of establishing an OPC.

Documentation Assistance: Facilitating preparation and submission of required documents.

Compliance Support: Making sure your OPC is fully compliant with all regulatory needs.

Affordable Services: Providing low-cost solutions without sacrificing quality.

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