One Person Company (OPC) Registration
A One Person Company (OPC) is a business structure in India, introduced under the Companies Act, 2013, designed for solo entrepreneurs. It allows a single individual to operate a company as both shareholder and director, with limited liability protecting personal assets from business debts. An OPC is a separate legal entity, ensuring perpetual succession and the ability to own assets or enter into contracts. It requires a nominee to take over in case of the owner’s death or incapacity. Ideal for small businesses, OPCs offer credibility, minimal compliance, and ease of management, combining the benefits of a company with sole proprietorship simplicity.
Benefits:
A One Person Company (OPC) in India offers several benefits tailored for solo entrepreneurs. It provides limited liability, safeguarding personal assets from business debts. As a separate legal entity, it ensures perpetual succession, allowing the business to continue via a nominee if the owner is incapacitated. OPCs enhance credibility with clients and investors due to their formal structure. They require minimal compliance compared to private limited companies, reducing costs and complexity. No minimum capital is needed, making it cost-effective. OPCs also allow full control for the owner, combining the simplicity of a proprietorship with the legal and financial advantages of a company.
Documents required for One Person Company:
To register a One Person Company (OPC) in India under the Companies Act, 2013, the following documents are required:
Identity Proof of Director/Shareholder: PAN card and Aadhaar card for the sole shareholder/director; passport for foreign nationals (apostilled/notarized if applicable).
Address Proof of Director/Shareholder: Recent utility bill (electricity, water, or gas), bank statement, or driving license (not older than two months).
Identity and Address Proof of Nominee: PAN card, Aadhaar card, and address proof for the nominee.
Digital Signature Certificate (DSC): For the director and nominee for e-filing on the MCA portal.
Director Identification Number (DIN): For the director, obtained via Form DIR-3 or SPICe+.
Memorandum of Association (MoA): Outlines company objectives.
Articles of Association (AoA): Defines internal rules.
Proof of Registered Office: Rental agreement, sale deed, or No Objection Certificate (NOC) from the landlord, plus recent utility bill (not older than two months).
Consent of Nominee: Form INC-3 with nominee’s consent to act as nominee.
Name Approval: Approval letter if the company name includes restricted words or trademarks.
Register your One Person Company (OPC) @Just 2,499/- (Exclusive Govt. Fee)