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One Person Company Registration

Ideal for business owners who wants to launched and start an enterprise on their own.
(Usualluy Takes 10-20 days)

OPC Registration Online

Name(Required)

Procedure For Public Limited Registration

Step 1
Complete our Simple Form

You must complete our short questionnaire with your information.

Step 2
Obtain DSC and DIN for Director of OPC

Then, we need to obtain DSC and DIN of  directors and apply for name approval of OPC.

Step 3
Verification and Name Approval of OPC

The information you submitted for OPC registration will be checked by our professionals.

Step 4
Apply for the COI of OPC

We will apply for and obtain a certificate of incorporation for OPC and then apply for TAN and PAN.

Step 5
Your OPC is now Ready

We will courier your TAN and PAN once your OPC has been registered.

What is OPC Registration ?

An innovative idea was put forth to encourage the incorporation of micro-businesses and individuals with entrepreneurial ideas as well as to support entrepreneurs who are highly likely to start their venture without delegating their power by allowing them to form a one-person firm.
Small firms with turnovers that aren't likely to exceed Rs. 2 Crores should use the OPC. The applicant need to be an Indian resident while registering for OPC. One-person businesses are making significant progress in developing India's overall economy. A rising number of young people are starting their own businesses as entrepreneurs. The organisation can benefit from the benefits of banking points and be eligible for banking loans and credits by incorporating OPC. Therefore, if you want to launch your own firm, you don'tneed to worry about the complicated networks and drawn-out procedures.

Why OPC?

The following are the eligibility guidelines for OPC Registration in India.

  • can have more than one director, but there is a limit to the number of investors.
  • Not affected by a member's passing or a change in ownership.
  • Not affected to establish and maintain roughly.
  • Limits the obligations of its members.
  • Less paper is required.
  • Can function as a stockbroker or a sub-broker
  • Less compliances
  • No obstruction from a third party is observed.
  • Even no individual is allowed to join more than 1 one-person company.

Documents Required For OPC Registration

  • Copy of PAN and Aadhaar Card of owner
  • Passport size photograph of the owner
  • Copy of DL/ Voter identity card/ Passport
  • Bank Statement (Address Proof)
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)

Why OPC Registration?

Borrowing Capacity

Limited Liability

Uninterrupted Existence

Separate Legal Entity

Eligibility Criteria for OPC Registration

The following is the eligibility guidelines for OPC Registration in India:

  • Only someone who is an Indian national and a resident of India. A person is considered to be an Indian citizen if they had spent at least 182 days there in the previous year.
  • A one-person company cannot be joined by legal entities like companies or LLPs.
  • The promoter must choose a candidate before the Incorporation.
  • The minimum capital requirement is Rs 1 lakh.
  • Minor cannot be a member of OPC.
  • If an OPC transacts more than Rs 2 crores in revenue or has invested more than Rs 50 lakhs. Within six months, it must be converted into a private or public company.

Minimum Requirements for OPC Registration

One Shareholder

One Director

One Nominee

One Person

What is Included In Our OPC Registration Package?

  • DIN for 1 Director
  • Digital Signature For 1 Director
  • Name approval
  • MOA/AOA
  • ROC registration Fees
  • Company Pan Card

Advantages of selecting OPC

Limited Liability

No matter how much money the company owes in debt, the directors' personal property is always safe. Only the organization's stake is lost in OPC; the heads' personal assets are preserved.

Continuous Existence

An OPC has a different legal character; in this case, it has moved forward with the presence of the nominee director by transferring control to him or her.

Greater Credibility

An OPC must have its records audited every year in order to maintain the highest level of confidence with vendors and financial institutions.

Easy to Sell OPC

OPC Company is simple to sell because to little documentation requirements.

Full Control over the Company with a Single Owner

This reality facilitates making and carrying out decisions quickly. However, OPC has the authority to select up to 15 directors for genuine positions without making any offers to them.

Easy to raise funds and loans

OPC is 1 of the simplest forms of corporate entities to conduct. Not many ROC filing is to be enrolled with the Registrar of Companies. Not require to handle Annual General Meeting and other formal compliances

Important Forms for OPC Registration

  • Questionnaire – Company Registration
  • Digital Signature Form
  • INC9 Declaration of Promoter
  • Declaration of Promoter-Non Deposit under FEMA and SEBI
  • DIR2 – Consent of Director
  • MOA and AOA Subscriber Sheet
  • NO Objection of owner

Steps for Incorporation of OPC

Step 1: Obtain DSC and DIN

A Digital Signature Certificate (DSC) from eight authorised DSC makers should be available to the anticipated directors.

Step 2: Reservation of name

Fill out Form No. INC-1 to request the booking of a pertinent name.

Step 3: Entrenchment Provisions

If the articles of association contain entrenchment provisions, the organisation must inform the Registrar of those provisions in Form No.INC-2 during the incorporation of the company, or in the case of existing companies (by amending the articles of association), the equivalent must be filed in Form No.MGT-14 within 30 days of the date the articles were entrenched.

Step 4: Articles of Association

As necessary, sample articles of association have been provided in Tables F, G, H, I, and J of Schedule I. A corporation may accept these documents in their entirety or in part.

Step 5: Application for incorporation of OPC

An application must be filed, with the Registrar of Companies (ROC) inside whose administration the registered office of the organization is proposed to be arranged, in Form No.INC-2

Step 6: Signing of Memorandum and Articles of Association

The MOA and AOA of the company must be signed by the sole member who is also the subscriber to the memorandum. He or she must also provide information about himself, including his name, description, address, and occupation, if any. At least one witness must attest the signature and must also sign and provide information.

Step 7: Affidavit of Subscriber and the director

The lone member who signed the memorandum and is listed in the articles must submit the affidavit in Form No. INC-9.

Step 8. Particulars of Subscriber

During incorporation, the lone member is required to submit the article of subscription to the Registrar.

Step 9: Nomination by the sole member

1. After getting the person's prior written consent, the subscriber to a one-person company memorandum should nominate a person who, in the event of the subscriber's death or inability to enter into a contract, will become a member of that one-person company.
2. The nominee's name must be in the Memorandum of One Person Company and the nomination must be made on Form No. INC-2 with the nominee's consent secured on Form No. INC-3.

Step 10: Declaration by professionals

An Advocate, Chartered Accountant, Cost Accountant, or Company Secretary who practises will use Form No. INC-8 to make their disclosure.
Online Filing of OPC :
A coordinated incorporation form, called INC-32, has been provided by the Ministry of Corporate Affairs (MCA). Therefore, an OPC can now be consolidated electronically by completing the Simplified Proforma for Incorporating Company Electronically (SPICe) form in Form INC-32 (using the Director's Digital Signature Certificate) together with the (eMOA) and (eAOA) forms in Form INC-33 and Form INC-34, respectively.

Basic Requirement to Register OPC

  • Sign up for annual returns.
  • Just One individual Is Needed: As suggested by the name, just one individual is allowed to represent the firm as an investor or nominee. At least one Director must reside in India.
  • Director who has been in India for at least 182 days during the previous fiscal year is considered to be a resident of India. This is true even if they hold dual citizenship. Only Indian citizens may hold shares or be nominated.
  • Less capital is necessary to make the investments that you need for your firm. 1 lakh rupees must be the minimum authorised share capital.
  • Unique Name of Company: The organization's expressed name does not correspond to that of any other LLP or existing organisation. To ensure that the name doesn't resemble any registered trademarks in India, one must check the trademark registry.
  • Director Identification Numbers for all Directors and Digital Signature Certificates for the advertiser and the witness are abbreviated as DSC and DIN, respectively.

Taxation Rules for OPC Company

  • Filing Income Tax Returns is mandatory.
  • TDS to be filled all quarter stating the TAN. Deducting tax at source is obligatory if the company has employees.
  • Appropriating an ESI registration is mandatory by law if the OPC employs more than 10 persons.
  • Registering of VAT and service tax returns is necessary for OPC with a valid certification.

OPC's income is taxed at 30% of its total income for the fiscal year under the tax rate slab. This is slightly higher than the tax slab rate for individuals, which ranges from 10% to 30% of income depending on the individual's income.

Exemptions for an OPC

  • Sign on annual returns.
  • Hold board and annual general meetings.
  • Sign on Financial Statements.
  • The ability of the tribunal to schedule member meetings.
  • Option to forego the necessity of holding an AGM.
  • The call for the special general meeting.
  • Notice of meeting.
  • Notice will have a statement attached.
  • Fulfilling attendance requirements.
  • Chairman of meetings.
  • Proxies
  • Restriction on voting rights.
  • A show of hands for voting.
  • Using technology to cast a ballot.
  • Demand for poll.
  • Postal ballot.
  • Resolution of the members being circulated.

Mandatory Annual Compliances of OPC Every Year

  • Minimum 2 board meetings as prescribed under the Act.
  • Statutory audit by a chartered accountant.
  • Appointment of Auditor
  • Filing of ITR
  • Annual filings to the registrar of companies
  • Maintaining Minutes and statutory registers
  • Form AOC-4 for financial statement
  • MGT-7 for an annual return

Timeline for OPC Registration Process

The incorporation of a one-person company requires at least ten to fifteen days. This timeline is typical for OPC Registration in India.

5 BUSINESS DAYS

To enlist for the company registration records, the OPC director must first apply for a DSC, or digital signature certificate. Just a few scanned copies of the required documents must be submitted. The form will then be filled out by one of our specialists, recorded, and posted online for certification or affirmation.

7 BUSINESS DAYS

Once the DSC application has been submitted, one of our consultants will ask you to choose a name for your business. Additionally, request that the same be done with handy scanned papers. The provided paperwork, namely INC-32 and the MoA, will then be used to file for the SPICE. The Certificate of Incorporation will then be processed and approved once this process is complete.

2 BUSINESS DAYS

A registered PAN and TAN Number are required for every company. Our experts will register the application online. However, you will be told to courier the necessary hard copies of the documents yourself. We will verify the PAN, TAN, and processing. Within 21 working days, it will be sent to your registered office address.

Concerns Related to OPC Registration

  • One Person Companies (OPCs) with share capital are needed to have a minimum approved share capital of Rs. 1,000,000.
  • One particular person is the least and most extreme quantity of individuals for One Person Company.
  • Upon formation, the Memorandum's subscriber is required to pay the organisation the whole quantity of shares that he purchased.
  • Despite being a different legal entity, only one individual is in charge of the company's operations. Quite the opposite of what a sole proprietorship gives.
  • There can only be one person present at once. In every situation, the appointment of one nominee is required. This nominee's age cannot be under 18.
  • An OPC may be confined by shares, assurance, or limitless organisation.
  • An OPC limited by shares must accept these requirements:
  • Must [have paid up share capital of INR 1 Lac] at the very least.
  • It will not be possible to transfer shares to anyone else.
  • An OPC is not permitted to make any requests to the general public to purchase the company's stocks.
  • Unless the threshold amount of paid-up share capital, getting fifty lakh rupees, is passed or its average annual turnover at the time of the relevant period exceeds two crore rupees, no OPC may purposefully convert into any other kind of company within two years of the date of incorporation.
  • A company that has signed up for OPC cannot apply for OPC status.
  • An OPC is required to provide a legal identification by defining a particular name under which the company's activities may be carried out. Anywhere the name of the company is added to, utilised in, or engraved, the phrase "One Person Company" must be provided beneath it.
  • The same taxes apply to an OPC and a Private Limited Company.
  • The terms of the agreement or offer must be set forth in writing, contained in a memorandum, or recorded in the minutes of the Board meeting that are adhered immediately after the OPC limited by shares or by assurance enters into a contract with the sole member of the company who is also the company's director.
  • Every agreement entered into by the company with the only member of the organisation must be confirmed to the Registrar by an OPC within fifteen days of the date of confirmation.

Factors to Consider in OPC Name Selection

The name of your One Person Company (OPC) is very significant. Your OPC’s name is the first impression to your consumers, suppliers, and colleague. It should, therefore, be attractive, suggestive, and relevant. There are some factors that you should know while selecting a name for your company.

Short & Simple

The name shouldn't be overly complicated or verbose. People should be able to remember and use the name of your business after just one visit or reading it.

Meaningful

Your One Person Company's (OPC) name should accurately describe your company's operations. It should match the branding strategy of the company. Information systems or IT technologies, for instance, are assigned by Infosys.

Unique

Your One Person corporation's name shouldn't be identical to, difficult to distinguish from, an existing LLP, corporation, or one for which a trademark application has been made. Visit search.legalraasta.com to see if the name of your company is similar to any others'. Avoid using the plural "Snapdeals" or simply changing the letter case, accent marks, or space in an existing LLP, company, or trademark name.

Suffix

OPCs are exempt from adding the words "Private Limited" or "Limited" to the end of their name.

Should not be illegal / offensive

Your LLP's name shouldn't violate any laws. It shouldn't use terms or phrases that are derogatory or unfriendly towards a particular group of people, be tyrannical, or go against the customs and beliefs of any faith. Additionally, names cannot contain offensive words or phrases.

Should not violate any laws

In violation of the Emblems and Names (Prevention of Improper Use) Act of 1950, your OPC's name should not be used. Check the names by clicking here. (See the Calendar)

Should not utilize the words “British India”

Frequently Asked Questions

What does OPC and its Registration mean to you?

One Person Company (OPC), a newly formed company, maintains the benefits of sole proprietorship and the corporate state with one member serving as the Director and a nominee. The Companies Act of 2013 introduced the idea of OPC Registration to support business owners who are capable of starting their venture. They can be used to establish a one-person business. All business owners must register with the OPC.

How many individuals are needed to create a one-person business?

Starting an OPC requires at least one candidate who can serve as both a shareholder and a director.

How much money is needed to start OPC Company?

The smallest capital need is Rs. 1 lakh, while the exact amount depends on your investment. Investment and authorised capital are not the same in OPC Company. You can make as many investments as you like, but if you want to incorporate a business properly, you must start with Rs. 1 Lakh in cash.

Who is eligible to join One Person Company?

One person companies are open to everyone, including foreign nationals and NRIs.

Do I need to be there in person to incorporate a One Person Company?

You don't need to be present at our office or any other location to incorporate because the entire process is done online. Documents must be scanned and transmitted via postal mail.

What makes OPC Company the chosen choice of people?

Low fees and expenses, simple incorporation, low compliance requirements, body corporate, and limited liability

Do we have the right to establish more than one One Person Company?

No, you are not allowed to create more than one OPC, and the nominee in your company is not allowed to be chosen as the nominee in another OPC.

Are there any other payments required for the incorporation certificate in addition to the registration fee?

There is not a single other payment. You will receive a complete invoice from us that contains no additional fees.

Which compliance is essential for an OPC to acknowledge?

The fundamental requirements for compliance are: • Maintaining a good accounting system: 

  • Statutory audits of financial statements.
  • Recording an annual ROC return that includes form MGT;
  • Filing firm income tax returns for the entire year before September 30th;

Is one person company (OPC) eligible for foreign direct investment (FDI)?

No, FDI is not allowed when forming an OPC company; if it is, the company will no longer be truly OPC.

Is there a tax benefit that an OPC can use?

No, OPC is not eligible for any unique tax benefits. Profits are taxed at a fixed rate of 30%.

How long does OPC Registration take in India?

The registration procedure at Sahyog typically takes 7 working days.

What steps are followed in the event that an OPC company member passes away?

If a member passes away, the nominee assumes control of the company's operations, and within 15 days, the company must notify the Registrar of Companies by submitting Form INC-4 along with the required fee.

The Fewest Conditions for OPC Registration?

• Minimum of one shareholder

• One or more directors. The same person may serve as both a shareholder and a director.

• At least one nominee

• The shareholder or nominee must reside in India.

• Share capital must be authorised with a minimum of Rs. 1 lakh.

• Director DSC and DIN

Should I instead form a Private Limited Company?

Because it is required to convert an OPC to a private or public limited company if turnover exceeds Rs. 2 crores or paid-up capital exceeds Rs. 50 lakhs, many individuals who are considering an OPC registration choose the private limited company form.

Is it required to change the articles and memorandum in order to implement the conversion?

Yes, it is required to amend the company's memorandum and articles in order to implement the conversion and make major changes that are incidental to it.

How much capital do I need to put down when I first start the business?

You must have a minimum balance in your bank account. This might only be 5000 rupees. To launch the business, you don't need to put up any further money.

What constitutes an OPC incorporation restriction?

The OPC cannot be incorporated or changed into a Section 8 Company, such as a business having philanthropic objectives. Additionally, none of the non-banking financial operations, such as investing in corporate securities, are permitted.

Is there a fine if an OPC Company provision is broken?

If OPC or any official of that firm violates the terms of the Companies Rules 2014, they could face a fine of up to Rs. 10,000. And if you choose to disregard this penalty, it increases to Rs. 1,000 every day in addition to Rs. 10,000 and continues.

Every corporation chooses an auditor at its first annual general meeting who must serve in that capacity from the end of that meeting to the end of its sixth annual general meeting.

What are the guidelines for OPC compliance?

1. An OPC limited by shares must fulfil the guidelines below:
A minimum paid-up share capital of INR 1 Lac is required.
b. Shares will not be transferable to a third party.
c. An OPC is not allowed to extend any invitations to the general public to purchase the company's securities.
2. The terms of any contract or offer made by an OPC limited by shares or by guarantee to a company whose sole member is also a director must be set forth in writing, contained in a memorandum, or recorded in the minutes of the Board meeting that takes place immediately after the contract is signed.
3. Within fifteen days of the date of approval, an OPC must notify the Registrar of every deal the business makes with its lone member.

Is previous notification to the Registrar required to terminate the status of an OPC company?

Yes, the OPC must notify the Registrar that it has ceased to be an OPC within 60 days of the day sub-rule (1) became effective. Additionally, it must now convert to a private or public corporation based on its average annual turnover or paid-up share capital.

What are an OPC's compliance exemptions?

An OPC is exempted from doing the following compliances:
1. Sign on annual returns
2. Hold Annual General Meetings and Board Meetings
3. Sign on Financial Statements
4. Option to dispense with the requirement of holding an AGM
5. Power of Tribunal to call meetings of members
6. Calling of the extraordinary general meeting
7. Notice of meeting
8. Statement to be annexed to notice
9. Quorum for meetings
10. Chairman of meetings
11 Proxies
12. Restriction on voting rights
13. Voting by show of hands
14. Voting through electronic means
15. Demand for poll
16. Postal ballot
17. Circulation of members’ resolution

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