One Person Company (OPC) Registration
- Incorporation Certificate
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- PAN & TAN
- 1 Digital Signature
- 1 DIN
- Bank Account Opening Assistance
- For some states like Punjab, Kerala and MP the above fees will be different.
Overview of One Person Company in India
OPC registration, introduced under the Companies Act 2013 in India, allows for the establishment of a company with a single person. Prior to this provision, a single individual couldn’t form a company and had to opt for a sole proprietorship. With OPC, one can enjoy the benefits of a company structure along with the advantages of sole proprietorship.
As per Section 2 (62) of the Companies Act 2013, an OPC can be formed with only one director and one member. This means that a single individual can act as both the director and member of the company. The incorporation process for an OPC involves lesser compliance requirements compared to a Private Limited Company.
To register an OPC in India, one needs just one member and one director, who can be the same person. The individual may be a resident or a non-resident Indian. This offers flexibility and convenience for entrepreneurs looking for a simplified business structure.
OPC registration provides limited liability protection to the sole owner, separating personal assets from the company’s liabilities. It also grants the OPC a separate legal identity, allowing it to enter into contracts, own assets, and operate as a distinct entity.
If you are an individual seeking to establish your business as a sole owner, OPC registration offers an appealing option. Ensure compliance with the Companies Act 2013 and consult with professionals or experts to guide you through the OPC registration process in India.
Advantages & Benefits
Minimum Compliance
The One Person Company is required to do minimum compliances with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.
Easy to wind up or sell
One Person Company is easy to wind up or sell in case of loss. Along with Fast track exit route, very less documentation and cost is involved
Better image and credibility in Market
One Person Company is a Private limited company which is popular & well known business structure. Banks, Angel Investors, Vendors prefer to deal with it over others.
Easy to raise funds
One Person company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Protects Personal liability
The company’s obligation or debts does not create a charge over the director’s personal assets. The liability stays limited only to the capital subscribed and unpaid by the director.
Startup India Benefits
One Person Company can avail Startup India benefits like Income tax exemption for 3 Years, Self certification facility, Seed Funding support & many other benefits
Documents Required
Directors ID Proof
Director's Address Proof
Proof of Registered Office
Share capital
