Apply One Person Company (OPC) Register in India
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One Person Company (OPC) Registration in India — Process, Fees & Documents
The One-Person Company (OPC) registration is most popular among entrepreneurs who want limited liability and a separate legal status. OPC is a special kind of business structure that allows an individual to operate as a company, enjoying the advantages of limited liability while maintaining full control. In a one-person company, the individual acts as both director and shareholder, combining the benefits of a sole proprietorship with the legal safety of a private limited company.
One Person Company (OPC) registration in India was brought as a concept under the Companies Act of 2013, which allows a single person to form a company and avail the combined advantages of both a sole proprietorship and a conventional company structure.
At Professional Utilities, we specialize in making OPC registration easy and convenient, allowing entrepreneurs to go through the hassle of legal formalities at affordable One person company registration fees. Our professional team is committed to guiding you every step of the way to registering one person company, from the preparation of documents to filing. We provide expert assistance to enable you to make decisions about your One Person Company Registration.
Table of Content
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What is One Person Company
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Advantages of OPC Company
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One Person Company registration Process
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Minimum requirements for OPC registration
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Documents required for One Person Company Registration
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Documents you’ll get after OPC registration
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One Person Company registration fees
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Total time required for OPC registration
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Conclusion
What is a One Person Company?
One Person Company or “OPC” is a kind of private limited company which is registered under the Companies Act, 2013. It can be registered with a single person who acts both as the director as well as shareholder of the company. OPC company use “opc private limited” or “opc pvt ltd” at the end of their company name because it is a private company owned by a single person.
Earlier in a private limited company, a minimum of 2 directors and 2 members were required. A single person could not form a private company. But a new concept of OPC was introduced as per Section 2(62) in the Company’s Act 2013 where a single person can form a private limited company.
Benefits of One Person Company registration
Registering a One Person Company (OPC) offers several advantages that make it an attractive business structure for individual entrepreneurs. Here are the key benefits of OPC registration:
Limited Liability:
It helps in protecting personal assets of the owners with limited liability protection. So if there are any financial issues with the company, the assets of the director are secured and could not be seized by banks or departments.
Credibility:
As OPC is a private limited company, it has higher credibility than traditional proprietorship firms. Unlike Sole Proprietorship, the Certificate of Incorporation is issued to One Person Company.
Continuous Existence:
Unlike proprietorship, where the firm comes to an end with any mishappening with the proprietor, One Person Company continues to exist as it is passed on to the nominee/director.
Separate Legal Entity:
An OPC is a private legal entity in its own right and hence the business owners aren’t subject to any personal liability. The company can acquire assets and incur debts on its own name.
NRIs can register OPC:
As per the amendment in the Union Budget 2021-22, One Person Companies can be incorporated by non-resident Indians. A person who has stayed in India for a minimum period of 120 days immediately preceding the financial year can register an OPC.
Process of One Person Company Registration
The process of registering a One Person Company (OPC) is straightforward and entirely online. Here’s a step-by-step breakdown:
Step 1. Application for Digital Signature Certificate (DSC)
One person company incorporation is a complete digital process and therefore requirement of Digital Signature Certificate is a mandatory criterion. The person who would act as a director and subscriber to the memorandum of the company needs to apply for a DSC from the certified agencies. Obtaining a DSC is a complete online process and it can be done within 24 hours. This process involves 3 simple verifications that are document verification, video verification and phone verification.
Step 2. Application for Name Availability
Name application for One Person Company can be done using the SPICE RUN form, which is part of the SPICE+ form. The company’s industrial activity code and object clause must be defined when applying for its name.
Note: It is important to ensure that the company name does not resemble the name of any other previously registered company, and that it does not contradict the laws of emblems and names. You can easily verify the name availability using our company name search tool.
Step 3. Filing of SPICe Form (INC-32)
Post name approval, details with respect to registration of the company has to be drafted in the SPICe+ form. It is a simplified proforma for incorporating a company electronically. The details in the form are as follows:
Details of the company
Details of the member and subscriber
Application for Director Identification Number (DIN)
Application for PAN and TAN
Declaration by director and subscriber
Declaration & certification by professional
Step 4. Filing of e-MoA (INC-33) and e-AoA (INC-34)
SPICe e-MoA and e-AoA are the linked forms which have to be drafted at the time of application for company registration. Memorandum of Association (MOA) is defined under section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers and objects of the company.
The Articles of Association (AoA) is defined under section 2(5) of the Companies Act. It details all the rules and regulations relating to the management of the company.
Step 5. Issuance of PAN, TAN & Certificate of Incorporation
Post approval of the above-mentioned documents from the Ministry of Corporate Affairs; PAN, TAN & Certificate of Incorporation will be issued from the concerned department. Now, the company is required to open a current bank account by using these documents. You can contact us for assistance with your current bank account opening.
Register your OPC in India with Professional Utilities
The process of registering a One Person Company is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your OPC online in 3 easy steps:
Documents required for One Person Company registration
For incorporating your business as a One Person Company, you need to provide proper identity and address proof. The documents are required to be submitted to the Registrar of Companies.
Passport size photographs
Copy of Aadhar Card or Voter ID
Copy of PAN Card
Copy of Bank Statement (not older than two months)
Valid address proof of office (which can be the latest electricity or any other utility bill)
If it is a rented office, then No Objection Certificate is required from the owner of the property.
Minimum requirements for OPC registration
As per the Companies Act 2013, there are minimum requirements that need to be met for One Person Company incorporation online.
Unique business name
No minimum capital requirement
A nominee must be appointed during incorporation
Address proof of office
Documents you’ll get after OPC registration
Post incorporation of a one person company, you’ll receive the following documents:
Certificate of Incorporation
Permanent Account Number (PAN) of the company
Tax Deduction or Collection Account Number (TAN) of the company
Articles of Association (AoA)
Memorandum of Association (MoA)
Director Identification Number (DIN)
Digital Signature Certificate (DSC)
EPF and ESIC registration documents
Company Master data
One Person Company Registration Fees
The total cost of One Person Company registration in India, including government and professional fees, starts from ₹9,499 and takes around 7-10 working days.
Steps |
Cost (Rs.) |
|
|---|---|---|
1 |
Digital Signature Certificate |
₹3,000 |
2 |
Government Fee |
₹2,500 |
3 |
Professional Fee |
₹3,999 |
4 |
Total Fee |
₹9,499 |
Explore Our Company Incorporation Packages
Basic
Suitable for Startups
- Incorporation Certificate
- DSC for 2 Directors
- DIN for 2 Directors
- Stamp Duty Charges
- PAN & TAN
- Company Master Data
- MOA & AOA
- EPF Certificate
- ESIC Certificate
Standard
Suitable for Startups
- GST Registration
- Auditor Appointment
- Commencement of business
- Issuance of Share Certificate
- MSME Registration
- Copies of Business Documents
Premium
Suitable for Startups
- Trademark Registration
- Current Account Opening Support
- Annual Compliance
- Startup India Registration
- Udyam Registration
Total time required for OPC registration
On average, it takes around 7–10 working days to register a one person company or opc company in India subject to document verification by the Ministry of Corporate Affairs (MCA).
Conclusion
Registration of a One Person Company (OPC) is a good decision for solo entrepreneurs who are looking for limited liability, legal status, and sole control over their company. It offers the advantages of a private limited company, like separate legal existence, perpetual succession, and tax benefits, while retaining a minimal compliance framework.
With Professional Utilities, the OPC registration process is smooth and problem-free. Our professionals assist you in documentation, filing, and compliance, ensuring seamless registration.