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    One Person Company in India was introduced under the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the primary advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members is needed for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, providing limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.


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    Registration Cost

    The cost of the registration of a company varies depending on various factors. Such as the State in which the registered office of the company is located, the total authorized capital, and the number of directors in the proposed company. For the Incorporation of a company, one shall take the advice from a practicing professional. 

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    To Obtain one person company registered

    • Apply For DSC

      • Digital Signature Certificate (DSC) is obtained by the director to sign all the online documents. It can be acquired from nearby agencies; the fees of obtaining DSC vary from agency to agency.

    • Application To Obtain DIN

      • Once the Digital Signature Certificate (DSC) is made, the next step is to apply for the Director Identification Number (DIN) of the proposed Director in SPICe Form along with the details like the name and the address proof of the director. Form DIR-3 is the option available only for existing companies. It means from January 2018, the applicant need not file Form DIR-3 separately. Now DIN can be submitted within SPICe form for up to three directors.

    • Company’s Name Approval

      • Once you have acquired DSC and DIN, now decide the name of the company and get it approved by the Ministry of Corporate Affairs. Name of the company should be in the format of “ABD (OPC) Private Limited.”

    • Re-Check All The Documents

      • Make sure all the documents are in the accurate format. Check whether the details of your PAN card matches with the details of your other proof such as address proof. In case of some spelling mistakes, get it corrected before the submission.

    • Submission Of Forms

      • After uploading, Form 49A and 49B will be generated for the PAN and TAN generation of the Company which has to be uploaded to MCA after affixing the DSC of the proposed Director.

    • Issuance Of Certificate Of Incorporation By The Authorities

      • On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.

    Estimate Time Required

    It usually takes 12-15 business days for the OPC Registration in India.

    Documents Required for One Person Company Registration

    • Identity proof of director and nominee(PAN card)

    • Address proof of director and nominee (Aadhar Card, Driving Licence, Passport, etc.)

    • Address proof of office (Rent agreement or sale deed, electricity bill, etc.)

    • NOC from landlord

    • DSC and DIN of director

    • Passport photo of director

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    FAQ

    The One Person Company (OPC) is a newly incorporated type of company that was introduced in the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to establish a single person economic entity.
    One Person Company and LLP have a lot of similarities yet they both are different in many of its characteristics and structures. If you are one person who wants to start a business One Person Company is definitely for you as the concept of One Person Company (OPC) was introduced to encourage single and enthusiastic entrepreneurs to operate their venture. While in case you are more than one person who wishes to start the business together with limited liability than a Limited Liability Partnership is for you.
    It is the format in which OPC’s name should be. The name should be in the format “ ABD (OPC) Pvt. Ltd.”
    As per Section 152(1) of the Act, an individual is a member of OPC is deemed as the First Director of the OPC until the director(s) are duly appointed by the member. The minimum and the maximum number of directors in an OPC can be one and fifteen respectively. To increase the number of directors beyond 15, a special resolution must be passed by the OPC to that effect.
    An OPC can be converted into Private or Public Company upon completing 2 years from the date of Incorporation unless it is a mandatory conversion.,The OPC needs to inform the ROC in Form –INC 5 when they reach the threshold limit and they need to apply Form – INC 6 to convert your OPC.

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