One Person Company Registration

What is an OPC?

As the name suggests, an OPC or One Person Company is a business format where a single person owns the company. There is no more than a single director or more than a single member. Being a single-handled company, an OPC is easy to manage. If you are an entrepreneur who seeks singular success, you can register as an OPC in India.

The definition of a One Person Company is explained in Sub Section 62 of section 3 of the Companies Act, 2013, which states: “One Person Company means a company which features only one Member.” Therefore, unlike a Private Limited Company, this single company registration of a single owner doesn’t need a minimum of two directors. However, like a private limited company, the online One Person Company Registration in India does provide you with Limited Liability.

Types of OPC

OPC Formation can be done as an:

1.    OPC limited with Guarantee

2.    OPC limited with Share Capital

3.    OPC unlimited company

Benefits of a One Person Company registration

After the online registration of a One Person Company in India, there are the following benefits that can be enjoyed:

Limited Liability

As the business entity is a company, the entrepreneurs have their assets protected from the failings of the company.

Separate Legal Entity

An OPC Company is a separate legal entity from the owner.

Less Number of Compliances

For a One Person Company, the number of compliances is less.

Eligibility Criteria for One Person Company Registration in India

Before you can register OPC (One Person Company), there are some requirements that you need to keep an eye out for. Following are the OPC registration requirements that you need to know:

• Only one director
• Only one member
• No minimum paid-up share
• No capital
• No continued existence allowed

These minimal requirements make the OPC business registration process quite accessible.

Documents required for One Person Company Registration in India

Following are the documents required for One Person Company (OPC) Registration

For Directors/Nominee

• ID proof of the nominee
• Copy of PAN Card
• Identity Proof like,

1. Voter Card
2. Passport
3. Driving License
4. Address Proof like,
5. Bank Statement
6. Mobile bill
7. Telephone bill
8. Electricity Bill
9. Passport Size Photo

For Registered Office

• Ownership Proof like,
• Electricity Bill
• Gas Bill
• Electricity Bill
• Mobile Bill
• NoC (Download Format)

Process to Register a One Person Company in India

OPC Company Registration process

Following is the procedure for incorporation of a One Person Company in India

• Choosing a unique name for the company.
• Identifying and Choosing a nominee for the One Person Company formation.
• Reserving the name of the private limited company using the RUN application.
• Obtaining the DSC and DIN of the directors of the company.
• Drafting MOA and AOA of the company.
• Submitting the online application for private limited company incorporation.
• Assessment of the application by the Ministry of Corporate Affairs.

Our Assistance in registering a One Person Company in India

At UST Associates, we provide end-to-end solutions for the registration of a One Person Company. Our services include:

• Company name research
• Obtaining DSC and DIN
• MOA and AOA drafting
• Application filing
• Following up with the Ministry of Corporate Affairs

We are a team of leading business experts in India.Through our OPC incorporation process, your online OPC company registration can be started on time, and the dream of your solo company can be realized.

Frequently Asked Questions – FAQs About One Person Company

Q1. What is an OPC company?

A. As the name suggests, an OPC or One Person Company is a business format where a single person owns the company. There is no more than a single director or more than a single member. Being a single-handled company, an OPC is easy to manage. If you are an entrepreneur who seeks singular success, you can register as an OPC in India.

Q2. Is there any facility through which we can apply for One Person Company registration in Delhi?

A. Yes, you can connect with us at UST Associates, and we will initiate your OPC registration.

Q3. How does one formally define OPC?

A. The definition of a One Person Company is explained in Sub Section 62 of section 3 of the Companies Act, 2013, which states: “One Person Company means a company which features only one Member.”

Q4. How is an OPC different from a Private Limited Company?

A. Unlike a Private Limited Company, this single company registration of a single owner doesn’t need a minimum of two directors.

Q5. How is OPC similar to a Private Limited Company?

A. Like a private limited company, the online One Person Company Registration in India does provide you with Limited Liability.

Q6. What types of OPC are defined under the Companies Act of 2013?

A.One Person Company or OPC Formation can be done as an:

• OPC limited with Guarantee
• OPC limited with Share Capital
• OPC unlimited company

Q7. What are the benefits of registering a One Person Company?

A. After the online registration of a One Person Company in India, there are the following benefits that can be enjoyed:

• Limited Liability: As the business entity is a company, the entrepreneurs have their assets protected from the failings of the company.
• Separate Legal Entity: An OPC Company is a separate legal entity from the owner.
• Less Number of Compliances: For a One Person Company, the number of compliances is less.

Q8. What are the pre-conditions before registering a One Person Company in India?

A. Before you can register OPC (One Person Company), there are some requirements that you need to keep an eye out for. Following are the OPC registration requirements that you need to know:

• Only one director
• Only one member
• No minimum paid-up share
• No capital
• No continued existence allowed