One Person Company

Best Suited For:

• Individual Promoter / Person Driven Business

• Formalised version of Proprietorship

• Better Tax Planning

What's Included?

Benefits of Private Limited Company Registration in India

Documents Required

Launch Your Solo Venture with Confidence!

Our OPC Registration Services Pave the Way for Your Entrepreneurial Journey

One-Person Companies (OPCs) are preferred by business owners who want limited liability and a distinct legal personality. One person company is a special type of business structure that enables one person to act in the capacity of an entire company, providing them with the advantages of limited liability while keeping total control. The benefits of a sole proprietorship and the legal security of a private limited company are combined when a person operates as both the director and shareholder of an OPC.

BizExpress specialises in making the One person company registration procedure simple so that business owners may easily handle the intricate nature of legal requirements. From document creation through filing, our knowledgeable team is committed to helping you at every stage. We provide professional advice to assist you in making decisions about your OPC configuration.

Steps for OPC Company Registration

There are few steps involved in the One person company registration Process in India. A form must be submitted along with the required OPC paperwork for registration. The ROC will review the submitted application and, if validated successfully, will issue a Certificate of Incorporation in the name of the OPC. A conclusive piece of evidence for OPC registration in India is the Certificate of Incorporation.

Step 1: Obtain a Digital Signature Certificate (DSC)

Get the designated director of the OPC a Digital Signature Certificate (DSC). Important documents are signed electronically using the DSC.

Step 2: Name Reservation

Utilise Form SPICe+ (Part A) to submit a name reservation request via the MCA portal. Make sure the name you choose for your business is unique and doesn’t sound like any other brand or corporation.

Step 3: Prepare MOA and AOA

Create your company’s Memorandum of Association (MOA) and Articles of Association (AOA). The goals and internal policies of the organisation are laid out in these documents.

Step 4: File the Forms

For OPC registration, submit the required paperwork to the MCA. Attach all pertinent documents to the SPICe+ form as needed by the MCA, such as the MOA, AOA, declarations, evidence of the registered office, nominee appointment, and other documents.

Step 5: Certificate of Incorporation

The ROC will issue a Certificate of Incorporation, certifying the successful registration of your One Person Company, upon approval and verification of compliance requirements. Notably, the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN) are automatically established throughout the incorporation procedure, negating the need for separate applications.

With the aid of this Certificate of Incorporation, your One person company is now legitimately established and prepared to start doing business in India.

Documents Required for One Person Company Registration

As part of the One person company registration procedure, many necessary documents must be prepared and submitted to the Registrar of Companies (ROC):

Articles of Association (AoA)
Memorandum of Association (MoA)
The nominee’s consent, along with their PAN card and Aadhaar card, must be submitted via Form INC-3.
Proof of Registered Office
The proposed director must submit Forms INC-9 and DIR-2 with their statement and consent, respectively.
A declaration from a certified expert attesting to the observance of all required legal requirements.

Checklist for OPC Registration

– Indian Citizen

An OPC can only be established by a person who is an Indian citizen. A one person company cannot be established by a legal entity such as a company or LLP.

– Resident in Indian Resident

The promoter must be an Indian resident, which means they must have spent at least 182 days there in the year prior.

– Minimum Authorized Capital

The amount specified in the company’s capital clause at registration, Rs. 1,00,000, is the minimum authorised capital that the OPC must have.

– Nominee Appointment

During the incorporation of the one man company, the promoter is required to designate a nominee. In the event of the promoter’s demise or incapacity, this candidate would join the OPC.

– Restrictions on Certain Businesses

Businesses engaged in banking, insurance, or investment-related operations are not permitted to be founded as OPCs.

– Conversion to Private Limited Company

To meet the legislative criteria for larger enterprises, the one man company must be changed into a private limited company if its paid-up share capital exceeds 50 lakhs or its average annual turnover exceeds 2 crores.

Advantages of OPC Company in India

– Fewer Conformities

The Companies Act of 2013 provides several exemptions from compliance requirements for one-person company registration. The cash flow statement need not be created by the OPC. OPCs have to provide annual reports which must be signed by the auditor.

– Easy Integration

OPCs can be created with just one member, one nominee, and a director who is also a member. The incorporation process is made simpler by minimum paid-up capital requirement.

– Efficient Management

Decision-making is quick when only one person is in charge of the OPC, which promotes effective business management free from disputes and holdups.

– Legal Status

An OPC is granted independent legal entity status, which protects the founder from being held personally liable for business losses.

Why Choose CA Gandhi as Your Trusted OPC Company Registration Partner?

Throughout the entire OPC registration process, our team of skilled professionals will offer you professional advice. We’ll assist you in preparing the required paperwork and in understanding the legal requirements.

– Budget Friendly

We charge reasonable prices for OPC company registration services. We provide our services at reasonable rates since we recognise how important cost-effectiveness is when beginning a business

– Quick Turnaround Time

We respect your time and are aware of how expensive delays can be. We make an effort to finish the registration procedure as rapidly as we can because of this. Our simplified procedure guarantees that your one person company registration is finished quickly and effectively.

– Customer Satisfaction

We take great pride in offering top-notch client service. To guarantee that you are happy with our services, our team is constantly available to answer any questions.

F.A.Q.

Can someone hold both, a directorship and a share in the company?

Although a shareholder can also serve as a director at the same time, the roles of shareholder and director are distinct legal entities.

Is the appointment of a nominee by an OPC member required?

At the moment of conversion into OPC, the company must have one member, and it must designate one nominee to serve in the event of the member’s death or incapacity.

What is the minimum amount of money required to start an OPC?

Since there is no such requirement for a minimum amount of capital, a firm can be started with as little as INR 1.

Can an OPC work in the finance industry, such as banking or insurance?

No, an OPC is not permitted to engage in financial activities like investing, banking, or insurance.

What happens if the paid-up share capital or yearly revenue of the OPC exceeds 50 lakhs or 2 crores?

In these circumstances, the one person company must be changed into a private limited company in order to satisfy legal requirements.