OPC Registration

One Person Company Registration

Market Price : Rs. 10,000

Offer Price : Rs. 6,000

Discount : Rs. 4,000 (30%)

Contact Us Now !

What is a One Person Company (OPC)?

A One Person Company (OPC) is a unique type of corporate entity introduced by the Companies Act, 2013 in India. It allows a single entrepreneur to operate a corporate entity with limited liability protection. The OPC structure is designed to encourage individual entrepreneurs to start their ventures without the complexities associated with traditional company structures.

Salient Features of a One Person Company

• Single Shareholder: An OPC can have only one shareholder, who can also be the sole director.

• Limited Liability: The shareholder's liability is limited to the amount of capital they invest in the business.

• Separate Legal Entity: An OPC is a separate legal entity from its owner, meaning the company can own assets, incur debts, and sue or be sued in its own name.

• Nominee Requirement: A nominee must be appointed during incorporation. This person will take over the company's operations in the event of the sole shareholder's death or incapacity.

• Less Compliance: Compared to private limited companies, OPCs have fewer compliance requirements, making them easier to manage.

• No Minimum Capital Requirement: There is no minimum paid-up capital requirement for forming an OPC.

• Perpetual Succession: The company can continue to exist even if the sole member is no longer part of the company, provided the nominee agrees to become the sole member.

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

  Advantages of One Person Company

  • Limited Liability: Personal assets of the owner are protected against business liabilities.

  • Separate Legal Entity: The OPC is a distinct legal entity, separate from its owner.

  • Perpetual Succession: The OPC continues to exist even after the owner's demise, with the nominee taking over.

  • Ease of Management: Lesser compliance and administrative burden compared to other types of companies.

  • Enhanced Credibility: An OPC is more credible compared to a sole proprietorship, which can attract more business opportunities and funding.

Procedure of Registration of One Person Company

• Digital Signature Certificate (DSC): Obtain a DSC for the proposed director and Nominee of the company.

• Director Identification Number (DIN): Apply for a DIN for the proposed director using the SPICe Form (Simplified Proforma for Incorporating Company Electronically).

• Name Approval: Apply for the name approval of the OPC using the RUN (Reserve Unique Name) service on the MCA portal. The name should be unique and comply with the naming guidelines provided by the MCA.

• Incorporation Form: File the SPICe Form along with the Memorandum of Association (MOA) and Articles of Association (AOA). Attach the required documents, including the nominee’s consent in Form INC-3.

• Certificate of Incorporation: Once the Registrar of Companies (ROC) verifies the submitted documents, they will issue a Certificate of Incorporation, and the OPC officially comes into existence.

Documents Required for Registration of One Person Company

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

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

• Registered Office Address Proof: Rent agreement, sale deed, or utility bill (not older than two months).

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

• Photographs: Recent passport-sized photographs of the sole shareholder, director, and nominee.

• MOA and AOA: Signed copies of the Memorandum of Association and Articles of Association.

Corporate Verdict: Your Partner in OPC Registration

Corporate Verdict is a team of experienced professionals dedicated to helping entrepreneurs establish One Person Companies (OPCs) effectively and affordably. We understand the intricacies of the registration process and ensure a seamless experience for our clients. Our services include:

1. Expert Consultation: Providing detailed guidance on the feasibility and benefits of forming an OPC.

2. Documentation Assistance: Assisting in the preparation and filing of necessary documents.

3. Compliance Support: Ensuring your OPC meets all regulatory requirements.

4. Affordable Services: Offering cost-effective solutions without compromising on quality.

By choosing Corporate Verdict, you can rest assured that your OPC registration will be handled efficiently, allowing you to focus on growing your business.

For more information or to start the registration process, visit our website or contact our team today!

Have any Questions?

If you have any questions about the OPC Registration, feel free to contact us.