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One-Person Company (OPC) Registration

At Munibgiri, we specialize in simplifying the OPC registration process, ensuring that entrepreneurs can smoothly navigate the complexities of legal formalities with reasonable One Person Company registration fees. Our experienced team is dedicated to assisting you at every step, from document preparation to filing, offering expert guidance to help you make informed decisions regarding your One Person Company Registration.

Introduction to One Person Company (OPC)

One Person Company (OPC) registration in India was introduced as a concept under the Companies Act of 2013, enabling a single individual to establish a company and enjoy the combined benefits of both a sole proprietorship and a traditional company structure. This concept became available with the implementation of the Companies Act in 2013.

The primary objective behind creating One Person Companies was to foster entrepreneurship and encourage the formalization of Micro, Small, and Medium Enterprises (MSMEs). According to Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member, and interestingly, these roles can be held by the same individual. The following describes the eligibility and procedure to register One Person Company.

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One-Person Company (OPC) Registration

Eligibility Criteria

Before engaging in OPC registration, it’s crucial to understand the specific eligibility criteria and limitations that govern its formation. The Companies Act sets out clear requirements that must be met to ensure that the individual promoting the OPC is eligible to do so.
  • Natural Person and Indian Citizen:
  • Resident in India:
  • Minimum Authorized Capital:
  • Nominee Appointment:
  • Conversion to Private Limited Company:
  • Restrictions on Certain Businesses:
  • Only a natural person who is an Indian citizen can establish an OPC. Legal entities like companies or LLPs cannot create an OPC.
  • The promoter must be a resident in India, meaning they should have lived in India for at least 182 days during the previous calendar year.
  • The OPC must have a minimum authorized capital of Rs 1,00,000, the amount stated in the company's capital clause during registration.
  • The promoter must appoint a nominee during the OPC's incorporation. This nominee would become a member of the OPC in the event of the promoter's death or incapacity.
  • If the OPC's paid-up share capital exceeds 50 lakhs or its average annual turnover surpasses 2 crores, it must be converted into a private limited company to comply with the regulatory requirements for larger companies.
  • Businesses involved in financial activities such as banking, insurance, or investments cannot be established as OPCs.
It’s worth noting that an individual can establish only one OPC, and an OPC cannot have a minor as its member.

Required Documents

Several essential documents must be prepared and submitted to the Registrar of Companies (ROC) as part of the One Person Company registration process:
  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
  • The nominee's consent, along with their PAN card and Aadhaar card, must be submitted via Form INC-3.
  • Proof of Registered Office
  • The proposed director should furnish a declaration in Form INC-9 and their consent in Form DIR-2.
  • A declaration by a qualified professional certifying that all necessary legal compliances have been adhered to.

Registration of One Person Company (OPC) in India

In India, the registration of a One Person Company (OPC) is facilitated through the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form, which has replaced the previous application forms for company incorporation.

The OPC Registration consists of two parts:

  • Part A:
  • Part B:
  • This initial section of the SPICe+ form is dedicated to securing approval for the desired company name and applying for the Director Identification Number (DIN) or Permanent Account Number (PAN) for the proposed director.
  • The subsequent segment, known as Part B, involves furnishing incorporation-related details. Here, essential information such as the registered office address of the OPC, details about share capital, particulars of the director, and information about the shareholder is provided.

Steps to Register One Person Company

Step 1: Obtain a Digital Signature Certificate (DSC)

Secure a Digital Signature Certificate (DSC) for the intended director of the OPC. The DSC is utilized for electronically signing crucial documents.

Step 2: Obtain Director Identification Number (DIN)

Acquire a Director Identification Number (DIN) for the proposed director from the Ministry of Corporate Affairs (MCA).

Step 3: Name Reservation

Apply for name reservation through the MCA portal using Form SPICe+ (Part A). Ensure that the chosen name for your company is distinct and does not resemble any existing company or trademark.

Step 4: Prepare MOA and AOA

Draft the Memorandum of Association (MOA) and Articles of Association (AOA) for your company. These documents define the company’s objectives and internal rules.

Step 5: File the Forms

File the necessary forms with the MCA to register One Person Company. Attach the relevant documents to the SPICe+ form, including MOA, AOA, declarations, proof of the registered office, nominee appointment, and other documents as required by the MCA.

Step 6: Certificate of Incorporation

Upon approval by the ROC and verification of compliance requirements, the ROC will issue a Certificate of Incorporation, signifying the successful registration of your One Person Company. Notably, the PAN number (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are generated automatically during the incorporation process, eliminating the need for separate applications.
With this Certificate of Incorporation, your OPC is officially recognized and ready to commence its operations in India.

Why Munibgiri for OPC Registration?

Munibgiri is the ideal partner for OPC registration for several compelling reasons. With years of expertise in company registration and a deep understanding of the regulatory landscape, Munibgiri simplifies the often complex OPC registration process. Our One Person Company registration fees are designed to be affordable while providing exceptional value, ensuring a seamless experience from start to finish.

We offer expert guidance, from name reservation to document preparation and submission to register One Person Company. Our commitment to accuracy and compliance guarantees that your One Person Company registration adheres to all legal requirements, while our dedicated support team is readily available to address any queries or concerns you may have. With our transparent One Person Company registration fees, you can trust Munibgiri to deliver reliable and professional service tailored to your needs.

Get started now and embark on your entrepreneurial journey with confidence!

Post-Incorporation Formalities for OPC

Following the successful incorporation of a One Person Company (OPC), specific compliance formalities must be adhered to, akin to those applicable to private limited companies. Our experts are ready to assist you in fulfilling OPC compliance requirements, ensuring that your business remains in full legal compliance.