One Person Company (OPC) Registration
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Work Complete by 10 days
Price: ₹ 9500/-
*Subject to approval of Government portal services
1) Inc. Govt fees upto 1 lakh capital
2) 2 DSC
3) 1 DIN
4) INC-20A (Business Commencement)
5) Share Certificate
6) Memorandum of Association
7) Article of Association
8) PF Number
9) ESIC Number
10) PAN and TAN
11) Current account opening support
12) Company Name Approval
One Person Company Registration (OPC)
The Company’s Act of 2013 introduced a novel idea known as a One Person Company (OPC). A single person could not form a company prior to the implementation of the Companies Act of 2013. An OPC combines the advantages of a sole proprietorship with those of a company. A natural person who is at least 18 years old must serve as the director.
Under the Companies Act of 2013, an OPC can be registered in India with just a single member and a single director. The same person may serve as both the Director and a member. Here, a person can register an OPC in India whether they are a resident or non-resident Indian.
Minimum requirements for registration of One Person Company(OPC)
✑ One (1) Director and One (1) Member (Can be same person)
✑ One (1) Nominee
✑ No minimum capital requirement
✑ Digital Signature for all Director/Member/nominee
Process for Registration of an One Person Company (OPC)
Step 1- Obtaining Digital Signature Certificate (DSC) of the Director/Members – Each prospective director and member must obtain a Digital Signature Certificate (DSC).
Step 2- Name application for One Person Company (OPC) with MCA – The name must comply with the guidelines provided by the Ministry of Corporate Affairs. Approved name of the OPC is available for 20 days from the date of approval. The name application request for a company name must be submitted to the Ministry of Corporate Affairs (MCA). The proposed company name must be unique. The name shall not be similar or resemble to the existing company/LLP registered. If the proposed OPC is not incorporated within such period, the name shall be lapsed and will be available for other applicant/ OPC/Company.
Step 3- Incorporation documents – All documents and information pertaining to the registered office like utility bills not more than 2 months, directors, and members, as well as the Memorandum of Association (MOA) and Articles of Association (AOA), must be submitted via online forms (SPICe Form) following the approval of the Company’s name.
Step 4- Issue of Certificate of Registration– The Ministry of Corporate Affairs (MCA) will approve the forms and issue a Certificate of Incorporation along with a Pan card and Tan allotment letter if it determines that all the documents and information are accurate and complete. The Government also issues ESIC number and PF number on email id of the applicant.
Step 5- Opening of Current Account – Once a company is registered in India. The company must submit all the required documents and apply for a current account with any banks.
List of Required Documents for One Person Company (OPC) Registration:
Once the name is approved, you need to prepare the following documents:
📋 Pan card of Director and Nominee
📋 Aadhar Card of Director and Nominee
📋 Electricity bill not not more than 2 months
📋 Passport size photograph of Director and Nominee
📋 Passport/Driving license/Voting Card of Director and Nominee
📋 Bank statement/Utility bill of Director and Nominee
📋 Address proof for registered office of One Person Company
Advantage of One Person Company (OPC) registration in Pune
1) One Owner – A single person owns and runs OPC. All significant business decisions are made by one person.
2) Limited Liability – OPC safeguards the director’s personal assets in the event of the company’s bankruptcy.
3) Credibility – Due to the fact that many financial institutions, suppliers, and clients prefer doing business with OPC, this type of business structure has a better reputation and credibility.
4) Fundraising – OPC has a number of options for raising money, including bank loans and other methods.
5) Unique legal identity – OPC has a unique legal status. Members of the company, such as shareholders or directors, are not personally responsible for the obligations of the company.
6) Perpetual existence – OPC has a perpetual existence, which is number six. This indicates that the company will continue to exist until it is formally dissolved.
Difference between Private Limited Company and One Person Company
Sr. No. | Private Limited Company | One Person Company |
1 | Two persons (Directors and Members) are required | Two persons (director and Nominee) are required |
2. | This entity can be managed and operated by at least of two directors | The entity can be managed and operated by One person or single person cum one director |
3. | This entity must have a minimum two shareholders | 100% shares of the entity can be held by a single shareholder |
4. | This entity can also be started and managed by NRIs and foreign nationals | Only Indian Citizens and Indian Nationals are allowed to start a this type of entity |
Summary
OPC can deal or trade or enter into business transaction with all types of businesses or corporates or legal entities. OPC allows for flexibility in management and operation, similar to a Private Limited.
Both, One Person Company and Private Limited Company are required to file their annual returns with the Ministry of Corporate Affairs and their Income Tax Returns with the Income Tax Department. Both One Person Company and Private Limited Company are also required to get their account audited each year.
Further it is advisable to consult or take assistance of an expert professionals like Anuvartana Services LLP for error less and smooth OPC Registration in Pune.
If you want to register an OPC, Anuvartana Services LLP is best place for it.
For more information or assistance in registering an OPC in Pune, you can connect our experience experts for a free consultation. on 8975973470 or anuvartanaservices@gmail.com
A company structure known as an One Person Company is one in which a single person has limited liability and owns and operates the company.
No, it is not permitted for a minor, foreign national, or NRI to establish an One Person Company in Pune or India.
No, an One Person Company is only allowed to have one shareholder and one nominee, who would run the company in the event that the director passed away or became incapable.
Yes, an One Person Company meets the requirements, it may convert in the future into a private limited company.
One Person Company cannot be changed into sole partnerships or proprietorships. Only a private limited company can be created out of it.
Yes. One Person Company can appoint more than one director as per law.
There is no minimum paid up capital requirement for registration of an One Person Company.
Only natural persons who are Indian citizens and residents in India are eligible to serve as members and nominees of an OPC. For the purposes of this definition, “resident in India” refers to a person who has stayed at least one hundred and eighty-two days in India within the previous fiscal year.
A Person can be shareholder in one OPC only.