One Person company Registration in India

Now open a one person company in India easily through Vakilsearch. We can complete registration of OPC in just a few clicks and with no delays.

*Govt.fees & taxes vary by state and are not included in the price.
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Why Should I Use Vakilsearch for Registration of OPC in India?

Vakilsearch helps you register your one person company in India in 3 simple steps.

Contact our experts

Reach out to us from our website. We will provide complete support and resolve all of your society registration queries

Step 1

Start the paperwork

After discussion, provide all the required documents. We will assist you in completing the entire filing and registration process

Step 2

Complete OPC registration in India

Our team will support you with the formalities and compliances following registration.

Step 3

Overview of One Person Company in India and Registration of OPC

The Companies Act of 2013 supported the formation of one person company in India. It governs the registration and functioning of one person company in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary one person company doesn't need any group of people to be incorporated. Up until recently, a company could only be incorporated by a group of people. An organisation with a single owner is known as a one-person company in India. Only two people could form a company prior to the implementation of the Companies Act of 2013.

As per the Section 262 of Companies Act of 2013 and official registration of a one person company in India is legal. Registering a One person company in India requires a single director and a single member representing the whole form. This corporation type has very few compliance requirements in comparison with a private corporation.

Documents Required for One Person Company Registration

  • Passport or PAN card
  • Passport size photo
  • Specimen signature
  • No objection certificate
  • Rental agreement
  • Address proof of directors
  • Identity proof of directors For NRIs and foreign nationals, a passport
  • Voter id
  • Drivers license
  • Updated gas or electricity bills
  • Bank account statements, and phone bills for mobile or landlines
  • A sample signature.

Documents Needed for OPC Company Registration

  • A scanned replica of a current bank statement
  • An electricity or gas bill, a phone bill, and a mobile bill
  • Rental agreement in English transcribed in a digital format
  • A landowner's no-objection certificate transcribed in a digital format
  • A property or sale deeds scanned copy in English language (if the property is owned).

How to Incorporate a One-Person Company in India: The Registration Process

  • Check the eligibility and documentation
  • Request DSCs and DINs for each director
  • Submit a request for a name reservation Form Spice+ for company incorporation
  • Apply for PAN and TAN for your new business
  • RoC issues an incorporation certificate with a PAN and TAN
  • Open a bank account and begin your business.

The whole process for registering a one person company can be completed in a time span of just 20 days. All you have to do is reach out to Vakilsearch and complete the process with no delay.

Registration Package for an OPC Company in India

  • Vakilsearch registration package provides a Digital Signature Certificate (DSC) for one of your director's
  • We will also provide a Directors Identification Number (DIN) (If the shareholders are different from directors, then additional DSC is required for shareholders)
  • Our Business experts will provide assistance with deciding the company name
  • PAN and TAN, drafting the articles of association, paying the government stamp duty and the certificate of incorporation fee, obtaining the name approval certificate, and registering for GST, PF, ESI, and PT (only applicable in Maharashtra) will be done with utmost care and speed
  • A Zero balance current account will be opened in DBS or ICICI.

Checklist for OPC Company Registration

  • Maximum and minimum membership requirements must be met
  • There should be a nominee chosen before incorporation
  • Use Form INC-3 to request the nominee's approval
  • The Companies (Incorporation Rules) 2014 mandate that the OPC name be selected
  • Minimum authorised capital of ₹1 Lakh
  • DSC of the potential director
  • Evidence of the OPC's registered office.

Advantages Of OPC Company in India

legal standing

The member grants the OPC a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status. The member is not personally liable for the company's loss; instead, his or her liability is limited to the value of the shares that he or she owns. Therefore, the OPC and not the member or director may be sued by the creditors.

Easy access to funding

One person company in India can easily raise money through venture capital, angel investors, incubators, and other sources because it is a private company. Getting money is now simple.

less conformity

The OPC is given some exemptions from compliance requirements under the Companies Act of 2013. The OPC is not required to prepare the cash flow statement. The secretary of the company is not required to provide any annual reports and maintain any account books.

Easy integration

And one person company in India can be easily integrated without any legal hassles. A member also serving as a director should provide the approval for integration. There is no minimum paid up capital requirement.

Easy to manage

Administration of the OPC can be made simple by allowing a single person to both find and lead it. Making decisions is straightforward, and it happens quickly. The member can easily pass both ordinary and special resolutions by writing them down in the minutes book and getting just one other member to sign them. Because there won't be any internal disputes or delays, managing the company will be easy.

Constant repetition

The OPC has the function of perpetual succession even with only one member. A nominee must be chosen by the single-member when incorporating the OPC. The candidate will take over operation of the company in the event that a member passes away.

Why Vakilsearch?

  • We submit a name approval application for your sole proprietorship
  • Experts at Vakilsearch will draft the MOA and AOA on your behalf, and will file the necessary paperwork with the MCA to be incorporated
  • Allocation for PAN and TAN happens simultaneously
  • Our team of experts will let you know how your OPC Registration is progressing.
  • Basically we have got you completely covered
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