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One Person Company Registration
OPC registration starts from ₹8,990 Only!
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A One Person Company (OPC) is a type of private limited company that can be established by a single individual who serves as both the director and shareholder. The concept of OPC emerged to address the limitations of a sole proprietorship, which is commonly used by small businesses in India. Unlike private limited companies or LLPs that require at least two people, an entrepreneur can now set up a company with just one person.
Overview of One Person Company
Table of Content
Complete the One Person Company Registration Application Form
Provide us required Documents
Make an Online Payment
Our expert team will manage the Application process for One Person Company Registration
Certificate of OPC Registration will be mailed after completion of registration
How to register One Person Company with Corporate Shastra
Benefits of Registering a One Person Company
Distinct Legal Existence
A One Person Company (OPC) achieves the status of a distinct legal entity. This registration ensures that the OPC is separate from its owner, unlike a sole proprietorship. An OPC can hold assets in its own name and engage in contracts independently. The company's actions are separate from those of the owner, which is the primary advantage of OPC registration.
Limited Liability for Owners
One advantage of registering an OPC is that it establishes a separate legal entity, ensuring that the sole member's personal assets are not subject to the company’s liabilities and obligations. The member's liability is limited to any unpaid portion of their subscribed capital. In the event of liquidation, the member’s personal assets are safeguarded, except in specific circumstances.
Lower Compliance Requirements
A Single Person Company enjoys exemptions from many compliance requirements that apply to private companies. For example, OPCs are not required to hold General or Board Meetings. However, if there is more than one director on the Board, a Board Meeting must be conducted.
Distinction Between Management and Ownership
Although an OPC is owned by a single individual, the owner can appoint a director to handle the responsibilities of managing the company. The director(s) are tasked with operational duties, allowing the owner to focus on earning profits and investing efforts in other ventures. However, in a One Person Company, the shareholder retains full control and ownership of the business.
Process for One Person Company (OPC) Registration
Step 1: Application for Digital Signature Certificate (DSC)
The incorporation of a One Person Company (OPC) is an entirely digital process, making the acquisition of a Digital Signature Certificate (DSC) a mandatory requirement. The individual who will serve as the director and subscriber to the company's memorandum must apply for a DSC from certified agencies. Obtaining a DSC is a fully online process that can be completed within 24 hours and involves three straightforward verifications: document verification, video verification, and phone verification.
Step 2: Application for the name approval
The name application for a One Person Company (OPC) can be submitted using the SPICE RUN form, which is a component of the SPICe+ form. When applying for the name, it is essential to define both the industrial activity code and the object clause of the company.
Note: It is crucial to ensure that the proposed business name does not resemble the name of any existing registered company and complies with the provisions of the Emblems and Names (Prevention of Improper Use) Act, 1950. You can easily check the availability of the name using our company name search tool.
Step 3: Filing of SPICe Form (INC-32)
After name approval, the registration details of the company must be prepared in the SPICe+ form. This form is a simplified template for the electronic incorporation of a company. The details required in the form include:
Details of the company
Details of the member and subscriber
Application for Director Identification Number (DIN)
Application for PAN and TAN
Declaration by director and subscriber
Declaration & certification by professional
Step 4: Filing of e-MoA (INC-33) and e-AoA (INC-34)
The SPICe e-MoA and e-AoA are interconnected forms that must be prepared during the company registration application process.
Memorandum of Association (MOA): As defined under Section 2(56) of the Companies Act 2013, the MOA serves as the foundation of the company, outlining its constitution, powers, and objectives.
Articles of Association (AOA): Defined under Section 2(5) of the Companies Act, the AOA specifies the rules and regulations governing the management and internal operations of the company.
Step 5: Issuance of PAN, TAN & Certificate of Incorporation
Upon approval of the aforementioned documents by the Ministry of Corporate Affairs, the relevant department will issue the PAN, TAN, and Certificate of Incorporation. The company will then need to open a current bank account using these documents. Feel free to reach out to us for assistance with opening your current bank account.
One Person Company (OPC) Registration – Requirements
According to the Companies Act 2012, certain minimum requirements must be fulfilled for online incorporation of a one-person company. These include a unique business name, no minimum capital requirement, appointment of a nominee during incorporation, and proof of the office address.
To incorporate your business as a One Person Company, you must provide valid identity and address proof. These documents should be submitted to the Registrar of Companies.
Passport-sized photographs
Copy of Aadhar Card or Voter ID
Copy of PAN Card
Copy of Bank Statement (within the last two months)
Current address proof of the office, such as the latest electricity or other utility bill
If the office is rented, a No Objection Certificate from the property owner is required
One Person Company (OPC) Registration – Documents required
Comparison of Business Structures
Proprietorship | Partnership | OPC | LLP | Private Limited | |
|---|---|---|---|---|---|
Ownership | Sole Ownership | Min 2 partners Max 50 partners | Only 1 member | Min 2 Designated Partners | Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders |
Separate
Legal Entity | No | No | Yes | Yes | Yes |
Applicable Law | No specified Act | Partnership Act, 1932 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Companies Act, 2013 |
Statutory Audit | Not Mandatory | Not Mandatory | Mandatory | Based On Applicability | Mandatory |
Liability | Unlimited | Unlimited | Limited | Limited | Limited |
Perpetual Existence | No | No | Yes | Yes | Yes |
Ownership Transferability | No | Yes (Restricted) | Yes (Restricted) | Yes | Yes |
Taxability | Low | High | Moderate | High | Moderate |
Compliance
Requirement | Low | Low | High | Moderate | High |
OPC Registration package includes
After incorporating a one-person company, you will receive the following documents:
Certificate of Incorporation
Permanent Account Number (PAN) for the company
Tax Deduction or Collection Account Number (TAN) for the company
Articles of Association (AOA)
Memorandum of Association (MoA)
Director Identification Number (DIN)
Digital Signature Certificate (DSC)
EPF and ESIC registration documents
Company Master Data
Frequently Asked Questions (FAQs)
How do I register for one person business?
You can either register a Proprietorship Firm or a One Person Company. After choosing the entity type, you’ll need to provide proper documents and proofs along with professional certifications to MCA portal.