One Person Company (OPC) Registration" - Simplifying Business Incorporation

One Person Company (OPC) Registration

Formation Of One Person Company (A) Individual Entrepreneurship, (B) Opportunities For Small Businessmen

Transparent process, thorough follow up and regular updates

Get your application submitted within 7 Days

What is One Person Company Registration?

As per the Companies Act, 2013 an One Person Company (OPC) is an unique entity where an individual can form a company. It combines the concept of a company with limited liability and succession, allowing a person to own and operate a company in their name.

One Person Company (OPC) registration offers entrepreneurs the opportunity to establish a corporate entity with a single member. This structure provides several advantages, including limited liability and ease of management. Here, we delve into the documents required, benefits, and FAQs associated with OPC registration.

Documents Required for OPC Registration + 2 DSC (Gov Fees Extra)

Identity and Address Proof

Registered office address proof.(Electricity bill/ Telephone bill/Gas Bill) (not more than 2 months)
Rent Agreement (Company name should be mentioned with complete address) (on Rs. 100 stamp paper with Notary)
Board resolution authorising Director for GST in the company
DIR-2 of all Directors.
NOC (Company name should be mentioned) (on Rs. 100 stamp paper)
Address proof of the Director & Nominee. (Bank statement/Electricity bill/)(not more than 2 months)
PAN card and Aadhar card of Director & Nominee.
Identity proof of the Director & Nominee.(Driving license/ Voter ID card/passport)
Digital signature certificate of Director & Nominee
Email id and mobile number of Director & Nominee.
Passport size photo of Director & Nominee.

Checklist for One Person Company Registration

Maximum and minimum membership requirements must be met
There should be a nominee chosen before incorporation
Use Form INC-3 to request the nominee's approval
The Companies (Incorporation Rules) 2014 mandate that the OPC name be selected
Minimum authorised capital of ₹1 Lakh
DSC of the potential director
Evidence of the OPC's registered office.

Benefits of OPC Company Registration

Limited Liability

Separate Legal Entity

Perpetual Existenceh

Access to Funding

Tax Benefits

Ease of Compliance

Steps for Registration of OPC

Step 1: Check the eligibility and documentation
Step 2: Request DSCs and DINs for each director
Step 3: Submit a request for a name reservation Form Spice+ for company incorporation
Step 4: Apply for PAN and TAN for your new business
Step 5: RoC issues an incorporation certificate with a PAN and TAN
Step 6: Open a bank account and start your business.

OPC Registration Frequently Asked Questions

No, only individuals above the age of 18 can incorporate or become a member of an OPC.

Yes, an OPC can be converted into a private or public company subject to certain conditions and procedures as per the Companies Act.

No, there is no minimum capital requirement for OPC registration. The company can be registered with any amount of capital as deemed appropriate by the founder.

No, an OPC can have only one director, who is also the sole member of the company.

OPCs must file annual returns, maintain financial records, conduct board meetings, and comply with tax regulations as per the Companies Act.

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Starting a Business

Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company,limited liability partnership , partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact Credfy.in for all the advice you need. We assure you of great service at a reasonable price. You can find a company name availability here.

Intellectual Property

In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Credfy.in, we are well equipped to handle all your IP requirements. We facilitate trademark applications in just three days,copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications. You can find a Trademark availability here.

Government Registrations

In India, you need a license for everything in business. Started a manufacturing business? You need aGST Registration and a Trade License. For a food business, you need an FSSAI license. Have employees? You need a Professional Tax registration and Shops & Establishments Act Registration. If that`s not enough, you also need to file GST Returns and Professional Tax Returns.

Legal Documentation

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Mandatory Compliance

It`s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs and Income Tax Act once you do. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorised share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At Credfy.in, we facilitate all these services completely online. Which means you can engage a professional on retainer for the year and we`ll ensure that all the formalities are completed for you while you focus on your business.

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