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One person Company Registration

  • Definition: One Person Company (OPC) allows a single individual to own and operate a business with limited liability.

  • Documents Required: PAN card, Aadhar card, proof of registered office (utility bill or rent agreement).

  • Registration Process:

    1. Obtain  (DSC).
    2. Apply for  (DIN).
    3. Submit Form 

  • Minimum Capital: ₹1 lakh minimum paid-up capital requirement.

  • Compliance: Annual filing of financial statements and maintenance of statutory registers is mandatory.

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One Person Company

A One Person Company (OPC) is a business structure in India that allows a single individual to own and operate a company while enjoying limited liability protection. To register an OPC, the individual must be a resident of India and must obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). The registration process involves submitting Form SPICE+ along with necessary documents, including proof of identity and registered office. The minimum paid-up capital required is ₹1 lakh. While OPCs offer simplified compliance and personal asset protection, they can only have one member and must convert to a private or public company if membership exceeds this limit. Annual filings and maintenance of statutory records are required for ongoing compliance.

Procedure for One Person Company Registration

Obtain DSC and DIN

After submitting the documents the next step is to obtain the proposed Director is digital signature (DSC) and DIN.

Verification and Name Approval

Details provided will be verified and apply for name approval. Maximum 2 names can be provided for name approval of the company.

Document Submission

Complete all the required documents and file them with ROC for the incorporation.

Company Incorporation

Finally, get company incorporation certificate along with PAN and TAN. Once the company is incorporated, you will get all the documents and DSCs.

Documents Required for One Person Company

Below is the list of documents required for the process

  • PAN Card copy of owner
  • Passport size photograph of the OPC owner
  • Aadhaar Card or Voter ID card Copy
  • Copy of Rent agreement in case if rented property
  • Electricity or Water bill of business Place
  • Property papers, if property is owned
  • NOC by property-owner if rented property

Benefits of Registering a One Person Company

Here are the key benefits of registering a One Person Company (OPC):

  1. Limited Liability: The owner’s personal assets are protected from business liabilities, ensuring financial security.

  2. Single Ownership: Allows complete control over business decisions without the need for partners or shareholders.

  3. Simplified Compliance: OPCs face fewer regulatory requirements compared to private and public companies, making management easier.

  4. Credibility: Having a registered company can enhance credibility with clients, suppliers, and financial institutions.

  5. Tax Benefits: OPCs are taxed at a lower corporate tax rate compared to individual income tax rates, which can be beneficial for the owner.

  6. Ease of Raising Capital: OPCs can raise funds through equity shares, making it easier to secure investments.

  7. No Minimum Member Requirement: OPCs can operate with just one member, which is ideal for solo entrepreneurs.

  8. Conversion Flexibility: OPCs can be easily converted to a private or public company as the business grows, allowing for scalability.

 

 

Fill this form and Get Free Consultation

Contact Form Demo (#3)