One Person Company Registration

What is One Person Company (OPC) Registration?

The One Person Company (OPC) in recent times was launched as a good refinement over the sole proprietorship. In OPC, a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of getting into the contract). Also, there can be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC company has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a private limited company or public limited company within six months.

Documents required for OPC Registration

The director of the OPC should submit the scanned transcripts/ copies of the following documents mandatory for OPC registration-

• PAN card or Passport
• Passport, for NRIs and Foreign Nationals
• Scanned transcript of Driver's License or Voter’s ID
• Updated gas or electricity invoice/Bank account Statement/Mobile or landline phone invoice
• Specimen signature or impression
• passport-sized photo

Please Note: The first 3 documents should be self-attested by the OPC director. All the documents for a foreign national or an NRI must be notarized (if residing in India or a non-Commonwealth country at present) or apostilled (if living in a Commonwealth country at present).

Documents Necessary For The Registered Office

• Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice)
• Scanned transcript of Rental Agreement written in the English language
• Scanned transcript of N-O or No-objection Certificate from the concerned property landowner
• Scanned transcript of Property or Sale Deed printed in English (if the property is owned)

Note: Your office space which is registered needs to be a commercial area; however, it can be your house of residence as well

What is included in this package?

• Directors Identification Number for 1 Director
• Digital Signature Certificate for 1 Director (If the shareholders are different from directors, then additional DSC is required for Shareholders)
• Guidance for choosing the Company Name (Need Help in choosing your Company Name? Refer the Naming Guidelines OR watch our Video by clicking here - http://bit.ly/1jD7tAX
• PAN Number
• TAN Number
• The registration process includes - Drafting the Memorandum & Articles of Association, RoC filing fees for an authorized capital, Government Stamp Duty, and Certificate of Incorporation.
• Name Approval Certificate
• GST Registration
• PF Registration
• ESI Registration
• PT Registration (Only applicable in Maharashtra)
• DBS or ICICI Zero Balance Current Account [Powered by Vakilsearch]

Benefits of OPC Registration

FAQs on One Person Company Registration

OPC Registration Process Duration

5 Business Days

Firstly, the OPC director should petition or apply for the DSC otherwise known as Digital Signature Certificate, which is mandatory to file for the company registration records. For this to come through, one only needs to submit a few scanned documents; after which our agents will file the form by filling it and put it online for submission.

7 Business Days

Once the application for the DSC is done, our agents will ask you to choose a name for your business and send us the relevant scanned documents for the same. The sent documents will be used to file for the SPICe i.e. INC-32 and the MoA is otherwise known as the Memorandum of Association and the AoA also known as the Articles of Association. Finally, at the end of this process, the Certificate of Incorporation will be processed and approved.

2 Business Days

All companies need a registered PAN or Permanent Account Number and TAN or Tax Account Number. The application will be filed online by our representatives, however, you will be asked to courier the hard copies of the relevant and required documents yourself. Post the processing, the TAN and PAN will be dispatched to you to your registered office address only within 21 business days.

Why Vakilsearch

15 Business Days

Talk to us and let us know a little bit more about your company and rest assured. You will have the certificate of incorporation within 15 business days. It is very fast and very simple. Additionally to your request, we will be handling in and around 450 requests this month.

9.1 Customer Score

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

160 Strong Team

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.