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One Person Company (OPC) Registration In India

5,000+OPC Registrations since 2011

No more delays or difficulties! Register your business with India’s #1 provider of business incorporation services. Get a 7 day Guaranteed document upload to the MCA or receive a full refund T&C* 

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About One-Person Company (OPC) Registration

 

  • As per the Companies Act, 2013 an One Person Company (OPC) is an unique entity where an individual can form a company. It combines the concept of a company with limited liability and succession, allowing a person to own and operate a company in their name.
  • Prior to the implementation of the Companies Act of 2013 only two people could form a company. The Companies Act of 2013 supports the formation of One Person Company (OPC) in India. It governs the registration and functioning of (one person company) in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary, one person company registration doesn’t need any group of people to be incorporated.
  • As per the Section 262 of Companies Act of 2013 and official registration of OPC in India is legal. One person company registration in India requires a single director and a single member representing the whole firm. This corporation type has very few compliance requirements in comparison with a private corporation.
  • Liability is limited to each partner agreed upon contribution to the LLP company in India.

Advantages of One Person Company (OPC) include the following:

  • Legal Status: An OPC obtains a separate legal entity status, safeguarding the individual who founded it from personal liability for company losses.
  • Easy Fundraising: Being a private company, OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms.
  • Reduced Compliance: OPCs enjoy certain exemptions from compliance requirements under the Companies Act, 2013, simplifying administrative obligations.
  • Simple Incorporation: OPCs can be established with just one member and one nominee, with the member also serving as the director. No minimum paid-up capital requirement simplifies the incorporation process.
  • Efficient Management: With a single person managing the OPC, decision-making is swift, leading to efficient company management without conflicts or delays.
  • Perpetual Succession: OPCs maintain perpetual succession, ensuring the company’s continuity even with only one member.

In conclusion, OPCs offer several advantages, including limited liability, ease of fundraising, reduced compliance, straightforward incorporation and management, and perpetual succession.

While OPCs offer advantages, there are also limitations:

  • Suitable for Small Businesses: OPCs are primarily suitable for small-scale businesses as they can only have one member. This limits their ability to raise additional capital as the business expands.
  • Restriction on Business Activities: OPCs are restricted from engaging in certain activities, such as non-banking financial investments and charitable objectives.
  • Ownership and Management: There’s a lack of clear distinction between ownership and management in OPCs, as the sole member can also be the director. This can potentially lead to ethical concerns or conflicts of interest.

How do I Register One Person Company (OPC Registration)?

Registering a one person company is simple and affordable through E-StartupIndia professionals.

Unlike private limited companies, you do not need to arrange two or more people for company directorship. You can incorporate one person’s company alone without shaking hands with another person.

Registering One Person Company is quick, simple, and can be done online with few easy steps:

Step 1: Consult our advisors who will guide you through checking eligibility and documents requirement

Step 2: Our team will assist you find unique company name available on MCA records

Step 3: We assist you applying for DSC & DIN of the director

Step 4: Our professionals shall prepare all necessary ROC forms such as MOA, AOA, Spice , DIR, COB, etc) and file before Ministry of Corporate Affairs [MCA]

Step 5: Deliver you Certificate of Incorporation, PAN, TAN and all other necessary documents

Documents Required for OPC Registration

# Document of the Company Director

1. Photo

2. PAN

3. Aadhar

4. Address Proof*

5. Proof of Identity**

#Proof of the Company’s Registered Office Address

1. Latest electricity bill
OR
any other utility bill in the name of the owner

2. Rent agreement b/w owner & company promoter
OR
NOC from Owner (if owner is the company’s promoter)

*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).

**For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).



Compliances for a One Person Company

Certain compliances are outlined in the Companies Act of 2013 and must be met by the specified deadlines. These regulations provide openness, good governance, and safeguard the interests of all parties involved, including the ROC, shareholders, directors, investors, and tax authorities. These compliances can be divided into annual compliances, recurring compliances, post-incorporation one-time compliances, and compliances dependent on events. The first category of one-time compliances has been thoroughly covered here.

One Time Compliance

A one person company must immediately comply with specific legal requirements outlined by the Companies Act of 2013 and, if necessary, secure local registrations in accordance with the state laws of the location where the OPC is conducting business. The complete list of compliances along with their deadlines is shown below. For in-depth discussions, contact one of our startup advisors.

Compliance RequirementDue Date
Appointment of First AuditorWithin 30 Days of Incorporation
Issue of Share CertificateWithin 60 Days of Incorporation
Stamp Duty Payment on Share CertificateWithin 30 Days of Certificate Issue
Filing of INC-20A (Declaration for Business Commencement)
 Registered Address maintenance
 Registered office details filing
Current Bank Account opening
 Entire Subscribed Capital received		Within 180 Days of Incorporation, but before commencing business

Note: The due date for Compliance Requirement 4 is a bit more complex, so we have broken it down into its component parts to provide clarity.

Timeline

What Are the Timelines to Register for One Person Company?

 

Following are the timelines of OPC registration.

  • Members of OPC can obtain DSC and DIN in 1 day.
  • The issuance of an Incorporation certificate takes 3-5 days. In general, the whole OPC registration process takes around 10 working days.

Frequently Asked Questions (FAQs)

One Person Company may be a new type of business entity. a personal limited company can be formed with a minimum of two directors and shareholders. the administrators and shareholders can be the same individuals. A one-person company does away with the need for a minimum of two shareholders. It allows one entrepreneur to get his business registered as a company and get limited liability protection.

As per the regulations highlighted under Section 3(1) and (2), an OPC can only be incorporated as a personal limited company. Such a corporation can be limited by shares, by guarantee, or be a vast company.

There is no minimum capital required. Thus, for the purpose of company registration, you’ll decide this based on your finances.

Between 1-15 Directors are allowed.

You must file the required forms with the Registrar of Companies to change the nominee Khata Dekho can facilitate this process if you need assistance.

If you’re a minor, a far off citizen, a non-resident of India, or declared incompetent by a court, you can’t form an OPC.

The government has fixed a slab of ₹ 2,000 for a nominal share capital not exceeding Rs 10 lakhs. For every additional ₹10,000 of the nominal share capital within Rs 50 lakhs, an additional fee of ₹200 is charged.

When the company’s annual turnover crosses 2 Crore, you want to register your company as a Pvt ltd company.

There are some steps that you must follow: -Check the availability of the desired name by filing form INC-1. -File form INC-2 for the Incorporation of OPC within 60 days of filing form INC-1. -File form INC-22 within 30 days of registration of form INC-2 if you would like to receive correspondence at an address that’s not the same as the registered office. Khata Dekho can facilitate this process if you require assistance.

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