One-Person Company (OPC) Registration

Benefits of One Person Company

• It can be started and operated by a single promoter
• A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved
• Ownership of a business can be easily transferred in a company by transferring shares
• A company being an artificial person, can acquire, own, enjoy and alienate, property in its name.
• It easier to raise funds through venture capitalists, angel investors
• Rate of income tax same as applicable normal company

Drawback of One Person Company

• Primarily suitable for small-scale businesses as they can only have one member
• Restricted from engaging in certain activities, such as non-banking financial investments and charitable objectives.

PROCESS One Person Company

• Obtain Digital Signature Certificate [DSC] for the proposed Director & Nominee. apply name approval to the Ministry of Corporate Office for availability of name. Draft Memorandum of Association and Articles of Association [MOA & AOA].
• Sign and file various documents including MOA & AOA with the Registrar of Companies electronically.
• Payment of Requisite fee to Ministry of Corporate Affairs and also Stamp Duty. Scrutiny of documents at Registrar of Companies [ROC].
• Drafting & submission of deed of partnership to roc
• Receipt of Certificate of Registration/Incorporation from ROC
• After successful incorporation of a One Person Company (OPC), post incorporation specific compliance formalities must be adhered to, akin to those applicable to private limited companies.

Documents Required for OPC Registration

For Single Director & Nominee

• Copy of PAN Card
• Copy Aadhar Card
• Address Proof (Bank Statement, Mobile bill, Telephone bill not older than 2 months)
• Passport Size Photo

For Registered Office

• Lease/Rental agreement
• Khata or Tax paid receipt in case of owned by director
• Utility Bill (Gas Bill, Electricity Bill latest not older than 2 months)
• NOC from the Landlord/Director

OPC Registration Process

• Acquire Digital Signature certificate
• Name reservarion of company
• Submission of documents to Registrar of company
• After Getting incorporation update registred office within 3o days
• Submit commence of business within 180 days