One Person Company (OPC) Registration
create for an One Person Company (OPC) registration , focus on presenting clear, step-by-step guidance, eligibility criteria, required documents, benefits, and post-registration compliance, framed in an accessible and informative way suitable for aspiring individual entrepreneurs in India.
- What is a One Person Company (OPC)?
- Define OPC as a private company incorporated by a single individual.
- Explain it’s a hybrid form combining sole proprietorship benefits with limited liability protection.
- Mention that OPCs are governed by the Companies Act, 2013 and can only be owned by one person with a nominee.
- Eligibility Criteria for OPC Registration
- Must be a natural person who is an Indian citizen and resident.
- The individual should be at least 18 years old.
- Only one OPC per person allowed.
- Must appoint a nominee who will take over if the owner becomes incapacitated or dies.
- OPC cannot carry out certain financial business activities (e.g., banking, non-banking financial investment, etc.).
- Key Benefits of OPC
- Limited liability protection.
- Single shareholder control.
- Separate legal entity distinct from the owner.
- Easier compliance than private limited companies.
- Convertibility to private limited company if capital or turnover thresholds exceed limits.
- Required Documents for OPC Registration
- Identity and address proof of the sole director and shareholder (PAN, Aadhaar, passport, voter ID).
- Passport-sized photograph.
- Proof of registered office with rental agreement and NOC.
- Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the director.
- Memorandum of Association (MOA) and Articles of Association (AOA).
- Nominee consent form (Form INC-3).
- Director consent and declaration forms (DIR-2, INC-9).
- Step-by-Step OPC Registration Process
- Obtain DSC for the proposed director.
- Apply for DIN if not already held.
- Apply for name approval with MCA ensuring inclusion of suffix “(OPC) Private Limited”.
- Prepare and submit MOA, AOA, and other required documents online via the SPICe+ form.
- Verification by Registrar of Companies (ROC).
- Issuance of Certificate of Incorporation, along with PAN and TAN.
- Post-registration activities like opening a bank account, GST registration if applicable, and compliance with annual filings.
FAQs
Can an OPC have more than one shareholder?
- No, only one shareholder is permitted.
What happens if the sole shareholder dies?
The nominee takes over ownership.
How long does registration take?
Typically, 7 to 15 days.