One Person Company

One Person Company (OPC) registration is the formal process by which an individual in India registers a commercial company with limited liability that is owned and operated by a single individual.

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One Person Company (OPC) Registration

One Person Company (OPC) registration is the formal process by which an individual in India registers a commercial company with limited liability that is owned and operated by a single individual. Under this legal structure, a single entrepreneur can work as a separate legal company, which provides benefits such as simple compliance and limited liability.

Basic Requirement

Documents Requirement :-

  1. Director’s Documents:
    • Passport-sized photograph
    • PAN Card
    • Aadhar Card or Voter ID or passport or driving license
    • Proof of Residence (Bank Statement, Electricity Bill, Telephone Bill)
  2. Nominee Director’s Documents:
    • Passport-sized photograph
    • PAN Card
    • Aadhar Card or Voter ID or passport or driving license
    • Proof of Residence
  3. Registered Office Documents:
    • Proof of Registered Office Address (Conveyance/Lease Deed/Rental Agreement)
    • Utility Bill (not older than two months)
    • No Objection Certificate (NOC) from the property owner

Steps for forming a One Person Company (OPC) in India :-

  1. Obtain a Digital Signature Certificate (DSC) for the prospective director.
  2. Reserve a name by submitting an application to the Ministry of Corporate Affairs (MCA).
  3. Prepare the articles of association (AoA) and the memorandum of association (MoA) for incorporation.
  4. File the incorporation forms, namely SPICe Part B, Inc-33, Inc-34, Agile Pro and Inc-9 on on MCA V3 website.
  5. Obtain a Certificate of Incorporation
  6. Apply for PAN and TAN for the OPC.
  7. Open a bank account under the OPC’s name.
  8. Comply with annual filing requirements and adhere to regulations.
  9. Seek professional assistance for compliance and guidance.
  10. The legal process of establishing a One Person Company (OPC) in India enables an individual to construct a corporate entity with limited liability that is owned and run by one person. This legal structure allows a single entrepreneur to function as a separate legal entity, with advantages including ease of compliance and low liability.