One Person Company Registration
35% Off
Starting At Rs. 11,999/- Onwards
(Takes 4-5 days)
What is One Person Company Registration
As per Section 2(62) of the Companies Act 2013, One Person Company is a company that comprises a single person as a shareholder and can be contrasted with private companies. The members of a company are nothing but subscribers to its Memorandum of Association (MoA), or its shareholders. These companies get all the benefits of a private company such as they to have access to credits, bank loans, limited liability, legal protection, etc.
How to Register a one Person Company
Before understanding the Registration process for an OPC let us quickly go through the various types of companies that can be formed. A company can be established for the lawful purpose by the following number of people
An OPC has certain restrictions when it comes to incorporation, unlike a Private Limited Company. Hence, before beginning with the OPC registrations it is essential to understand the limits to ensure the promoter is eligible as per the Companies Act to register an OPC.
- Legal entities like Company or LLP cannot incorporate an OPC.
- During incorporation, a nominee must be appointed by the promoter.
- Business involved in financial activities cannot incorporate as an OPC
- When the paid-up capital share exceeds Rs.50 lakh and the turnover crosses over Rs.2 crore an OPC must be converted into a Private Limited Company.
A person however cannot incorporate more than one OPC. Also, an OPC is prohibited for having a minor as its member.
Documents Needed for OPC Formation in India
What you get by OPC Registration through Company filings India
1) PAN Card copy
2) ID Proof of Director (any one)
Aadhaar Card
Election Card
Driving License
Passport Copy
3) Residence Address Proof of Director (any one)
Bank Statement (up to two months old)
Bank Passbook with last two months entries
Latest Electricity Bill
4) 1 Colour Photograph of Director
5) Place of Business Proof in India (any one)
Electricity Bill
Gas Bill
6) Phone Number and Mail id
- DSC (Digital Signature) of Director
- DIN (Directors Identification Number) of director
- Certificate of Incorporation
- AOA (Articles of Association)
- MOA (Memorandum of Association)
- PAN and TAN
Steps involved in OPC (One Parson Company) Incorporation in India
Stage 1: DSC (Digital Signature) of director
Stage 2 : OPC Name Approval from ROC
Stage 3: Documents for Director and Nominee Signature
Stage 4 : Final Approval
Benefits of a OPC
OPCs have the following benefits