Overview of OPC Registration

One Person Company Registration (OPC) in India is one of the simplest forms of corporate entities to manage in case you are a single owner to run the business. OPC is a hybrid of Sole-Proprietorship and Corporate forms of business. It has been equipped with various concessions in compliance requirements under the Companies Act. It is a form of a company where the compliance requirements are lesser than a Private limited company. OPC registration is a very quick, simple and affordable registration.

In year 2013, the one-person company (OPC) structure was introduced for the first time as a refinement of the sole proprietorship firm structure. In an OPC, a single promoter gets complete control of the business, limiting his or her accountability for the company's contributions.

What is a One Person Company?

A One Person Company (OPC) is formed when only one person serves as both the director and the shareholder of the business. Under the provisions of the Companies Act of 2013, this concept was introduced for the first time. Furthermore, an OPC is a type of sole proprietorship firm in the form of a corporation that gives a single person ultimate authority over a business while limiting his liabilities and responsibilities.

Furthermore, a company with only one person as its director and member shall be classified as a One Person Company (OPC) under section 2 (62) of the Companies Act, 2013.

A company can be formed with just one Director and one member, according to Section 2 (62) of the Company's Act 2013. In India, One Person Company registration is a type of entity with fewer compliance requirements than a Private Limited Company.

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

Why Choose One Person Company Registration?

One Person Company Registration provides various benefits beyond sole proprietor firm. The legitimacy of your business firm is enhanced by having a registered company under MCA. It assists your business in the following ways:

1. A single owner can incorporate company

2. Unlike Sole proprietor firm, Your company name is secure and can not be copied by others

3. Less compliances

4. Limited liabilities of its director

5. Suitable for Banking loans, credits

6. Less Income Tax Rate as compare to sole proprietor

7. No intervention from any third person can be involved

8. Ownership easily transferable to nominee in case of death of owner

Eligibility for One Person Company Registration

# Indian Citizenship

The Director / Shareholder of the company must be an Indian citizen and a resident of India. NRI or Foreign Nationals can not do OPC registration in India.

# Attend Majority Age

Before One Person Company registration, the owner must attend the age of 21. Minor can not operate as its member.

# Appoint Nominee

During the OPC Incorporation, the promoter must choose and provide KYC details of a nominee.

# Minimum Capital

One person company does not require any minimum capital. You can incorporate an OPC by Rs.1/- paid up capital. However, an OPC must be registered with a minimum authorized capital of Rs. 1 Lakh.

# Unique Company Name

Your company's name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks

Advantages of One Person Company Registration

There are various reasons to register your business as One Person Company:

1. There are various reasons to register your business as One Person Company:

2. Director's Personal Assets Have Limited Liability Protection

3. Easy to raise loans and overdraft limits with a better image and reputation in the market

4. No involvement of outsider third party

5. Comparatively low income tax rate compare to sole proprietor firm

6. When compared to other corporate forms of business, compliance is lesser

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).

How can we help in One Person Company Registration?

We have a preeminent team of professionals capable of providing a hassle-free and error-free Online Company Registration Service in India.

Since 2014, our professionals have been daily performing One Person Company Registration and keeping up to date with MCA's new registration procedures. As a result, we are able to offer you the finest company incorporation service align with MCA functionality.

We will render you full fledge company incorporation document kit at the end of delivery of the One Person Company Registration services which includes:

1. Certificate of Incorporation

2. Commencement of Business Certificate

3. Directors identification number for 1 director

4. Company's PAN and TAN

5. Digital Signature for 1 Director

6. MOA/AOA of the company

7. ROC Registration Fees Challan

It's not over yet! After that, we'll assist you with opening a current account with ICICI Bank so you can stop dealing with bank representatives demanding repetitive documents.

And set you free to kickstart your dream business.