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How to Start a One Person Company Registration in India

OPC Registration Online

As per Section 2(62) of the Companies Act 2013, OPC Registration simply means all type of business or company which have only one person as a member, like incorporated as a private limited company.  

OPC Registration has only one person as a shareholder.  In India the unique concept of a one-person company was introduced through the Companies Act, 2013 to support entrepreneurs who, on their own, are capable of starting a venture by allowing them to create a single person economic entity. 

Assist File is a well known and fastest growing online company in the field of Company Registration. Assist File provided services like private limited Limited Company, Limited Liability Partnership, Public limited Company, Partnership Firm, Proprietorship Firm, and one-person Person Company Registration in India.

Features of One Person Company (OPC)

1. Only One Shareholder

Only one person who is an Indian citizen and a person who has stayed in India for a period not less than  82 days during the immediately preceding one calendar year in India shall be capable of incorporating a Person Company.

2. Nominee for the Shareholder

Only a natural person who is an Indian citizen and resident in India shall be a nominee for the sole member by the shareholder of a Person Company in case of death/incapacity of the original shareholder. Such nominee shall give his/her consent and such consent for being appointed as the Nominee for the sole Shareholder

3. Director

A one-person company must have a minimum of One Director. The Sole Shareholder can himself be the Sole Director.

Documents Required For OPC Registration

  • Copy of the owners PAN (Permanent Account Number) Card
  • Passport-sized photograph of the concerned owner
  • Copy of the Aadhaar Card or Voter identity card or Driving License of the concerned owner
  • Copy of the Rent agreement (If in case a rented property)
  • Electricity Bill or Water Tax Receipt of the Registered Office
  • Copy of the Property papers or the ownership proof (In the case of an owned property)
  • No-Objection Certificate from the actual owner

Minimum Requirement of OPC Registration

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The minimum requirements that are needed to comply with for the registration of a one person company are as follows:

  1. For incorporating a one-person company, only a single individual who is both a citizen and resident of India is required. Further, the term resident of India means that the said person must have lived in India for a time period of not less than 182 days in the previous financial year.
  2. Business models such as a company or an LLP cannot join a one-person company.
  3. The promoter should select a nominee at the time of incorporation.
  4. The minimum authorized capital must be at least Rs 1 lakh.
  5. An OPC is restricted from functioning as a minor as its member.
  6. One thing that is noteworthy to note is that if an OPC surpasses an annual turnover of Rs 2 crore or has the paid-up share capital more than Rs. 50 lakhs, then, in that case, it must be converted into a private limited or a public limited within six months.
  7. There must be at least one nominee and one director.

Procedure for OPC Registration

The steps included in the registration of an OPC are enumerated below:

  1. Obtain DSC and DIN
  2. Reservation of Name
  3. Provisions of Entrenchment
  4. Application for the Registration of a One Person Company
  5. Signing of MOA and AOA
  6. Affidavit of the Director and the Subscriber
  7. Particulars of Subscribers
  8. Declaration by Professionals
  9. Submission of the Forms and Documents
  10. Issuance of the Certificate of Incorporation

Forms Required for OPC Registration

The steps included in the registration of an OPC are enumerated below:

  1. Application for the Company Registration
  2. Digital Signature Form
  3. Declaration of Promoter in the form INC-9
  4. Declaration of the Promoter-Non-Deposit under the FEMA (Foreign Exchange Management Act) and SEBI (Securities Exchange Board of India)
  5. Consent of Director in the form DIR-2
  6. MOA (Memorandum of Association) and AOA (Article of Association) Subscriber Sheet
  7. No-Objection from the actual owner

Our Inclusive Service

  • One DIN
  • One DSC (Digital Signature Certificate)
  • PAN & TAN
  • ROC Registration Fees
  • Drafting of MOA & AOA
  • Name Search & Approval    
  • Company Identification Number (CIN)
  • MSME Certificate (Optional)
  • GST Registration Certificate

Benefits of One Person Company

  1. The most important advantage of one person company is Limited Liability Protection To Directors and shareholders.
  2. One-person companies have Minimum Requirements like a minimum of 1 shareholder, 1 nominee and 1 director, and The director and shareholder can be the same person.
  3. One-Person Companies have been provided with a number of exemptions and therefore OPCS has to face little amount of compliance-related burden.
  4. One-person companies can set up with a minimum of 1 lac INR.
  5. One-person companies have Adequate safeguards In case of death/disability of the sole person, it should be provided through the appointment of another individual as a nominee director.
  6. The one-person company can easily get a loan from banks because banking and financial institutions prefer to lend money to the company rather than proprietary firms.
  7. A one-person company has a separate identity because the owner has a limited company.
  8. One person company has no requirement to hold annual or extra-ordinary general meetings.