City Center, Gwalior, Madhya Pradesh 474002
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One Person Company

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What is One Person Company (OPC) Registration?

The One Person Company (OPC) in recent times was launched as a good refinement over the sole proprietorship. In OPC, a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of getting into the contract). Also, there can be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC company has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a private limited company or public limited company within six months.[/vc_column_text][vc_empty_space height=”20px”][vc_column_text]

Mandatory Documents Necessary for OPC Registration

To Be Given By One Person Company Director

  • Scanned transcript of Passport (Foreign Nationals & NRIs) or PAN Card
  • Scanned transcript of Passport, Voter’s ID or Driver’s License
  • Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Electricity or Gas Invoice
  • Scanned passport-sized photo
  • Specimen autograph or impression (blank document with autograph)

Note: The OPC director as a mandate should self-attest the first three documents. If an NRI or a foreign national, all the document sheets should be notarized without fail (if at present in India or a non-Commonwealth nation) or apostilled (that is, living in a Commonwealth country).

Documents Necessary For The Registered Office

  • Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice)
  • Scanned transcript of in the English language
  • Scanned transcript of N-O or No-objection Certificate from the concerned property landowner
  • Scanned transcript of Property or printed in English (if the property is owned)

Note: Your office space which is registered needs to be a commercial area; however, it can be your house of residence as well

What is included in this package?

  • Directors Identification Number for 1 Director
  • Digital Signature Certificate for 1 Director (If the shareholders are different from directors, then additional DSC is required for Shareholders)
  • PAN Number
  • TAN Number
  • The registration process includes – Drafting the Memorandum & Articles of Association, RoC filing fees for an authorized capital, Government Stamp Duty, and Certificate of Incorporation.
  • Name Approval Certificate
  • GST Registration
  • PF Registration
  • ESI Registration
  • PT Registration (Only applicable in Maharashtra)
  • DBS or ICICI Zero Balance Current Account

Benefits of OPC Registration

Limited Liability

The directors’ personal property is always safe in a private limited company, no matter the debts of the business.

Continuous Existence

Sole Proprietorships come to an end with the death of the proprietor. As an OPC company has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.[/vc_column_text][vc_empty_space height=”20px”][/vc_column][/vc_row][vc_row css=”.vc_custom_1587534174497{background-position: 0 0 !important;background-repeat: repeat !important;}”][vc_column width=”5/12″ bg_full_width=”yes” css=”.vc_custom_1480065050342{padding-top: 100px !important;padding-bottom: 100px !important;background-image: url(http://creative-wp.com/demos/amwal/wp-content/uploads/2016/11/home2-bg-contact.jpg?id=9429) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][amwal_section_title title=”One Person Company Registration” light_skin=”true”]One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).[/amwal_section_title][/vc_column][vc_column width=”7/12″ css=”.vc_custom_1587534804529{padding-top: 33px !important;padding-bottom: 0px !important;padding-left: 30px !important;}”][vc_column_text]

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