One Person Company
One Person Company
About this item
- Company Registration
- Share Certificates
- Current Account Opening
- GST Registration
- 1 Digital Signature
Who We Are
At Tax Zone India, we are dedicated to providing the best services for One Person Company registration in India. We prioritize client involvement, offering the best prices in the market without compromising on quality. We believe in accepting positive or negative feedback and utilizing it to move forward and improve our services. Our team of experts ensures a hassle-free and efficient registration process for your One Person Company, making us the best choice for your business needs. Trust us to provide you with the best service possible.
Documents requires
- PAN Card
- Passport
- Voters Identity Card
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One Person Company [OPC]
The One Person Company (OPC) is a relatively new concept that was introduced in India through the Companies Act, 2013. It is a type of company that can be incorporated by a single person who acts as both the director and the shareholder of the company. Prior to the introduction of OPC, an individual could not form a company on their own and had to opt for a sole proprietorship, which has several limitations.
OPC is a hybrid structure that combines the benefits of both a sole proprietorship and a private limited company. It provides the benefits of limited liability to the owner, which means that the owner’s personal assets are separate from the company’s liabilities. This protects the owner’s personal assets in case the company faces any financial distress or lawsuits.
Benefits of OPC Registration
The concept of OPC has gained popularity in India due to its numerous benefits, such as:
Limited Liability Protection: The owner of the OPC enjoys limited liability protection, which means that their personal assets are protected in case the company faces any financial liabilities.
Easy to Manage: OPCs are easy to manage as they have a single owner who acts as both the director and the shareholder. This simplifies decision-making and reduces the compliance requirements.
Separate Legal Entity: OPCs are a separate legal entity from their owners, which means that they can enter into contracts, own assets, and sue or be sued in their own name.
Perpetual Succession: OPCs have a perpetual succession, which means that they continue to exist even if the owner dies or becomes incapacitated.
Credibility: OPCs are considered more credible than sole proprietorships and partnerships, which can help them to attract investors and obtain funding.
OPC Registration Process
The process of registering an OPC in India is similar to that of a private limited company. The following are the steps involved in registering an OPC:
Step 1: Obtain a Digital Signature Certificate (DSC)
The first step in registering an OPC is to obtain a digital signature certificate (DSC) for the director or the owner. A DSC is an electronic signature that is used to sign the documents required for company registration.
Step 2: Obtain a Director Identification Number (DIN)
The next step is to obtain a director identification number (DIN) for the director or the owner of the OPC. A DIN is a unique identification number that is required for all directors of a company.
Step 3: Choose a Name for the Company
The next step is to choose a unique name for the OPC. The name should not be similar to the name of any other company registered in India. It is advisable to conduct a name search on the Ministry of Corporate Affairs (MCA) website to ensure that the name is available.
Step 4: Prepare the Memorandum and Articles of Association
The Memorandum and Articles of Association (MOA and AOA) are the legal documents that define the scope of the company’s activities and its internal governance. The MOA and AOA should be prepared and signed by the director or the owner of the OPC.
Step 5: File the Incorporation Documents with the Registrar of Companies
Once the DSC, DIN, and MOA and AOA have been obtained, the next step is to file the incorporation documents with the Registrar of Companies (ROC). The following documents are required for OPC registration:
- Form INC-32 (SPICe) for company incorporation
- Form INC-33 for e-Memorandum of Association (e-MOA)
- Form INC-34 for e-Articles of Association (e-AOA)
Step 6: Obtain the Certificate of Incorporation
After the incorporation documents have been filed with the ROC, the Registrar of Companies will review the documents and verify their authenticity. If everything is in order, the Registrar will issue a Certificate of Incorporation. The Certificate of Incorporation is a legal document that confirms the existence of the company and provides important information such as the name of the company, its registration number, date of incorporation, and the registered office address. Once the company receives the Certificate of Incorporation, it can start its operations.