One Person Company Registration Process: Steps, Documents & More

One Person Company Registration Process is a kind of private company which is incorporated with single person who acts as director and member of the company. The need for One Person Company arises due to the limitations of proprietorship firms.

The Companies Act, 2013 gave an introduction to a new form of company that can be started by a person as a single member and a director. The director and member are the same persons.

Hence, OPC can be formed by a resident of India or a non-resident that includes the features of a company and benefits of a sole proprietorship. In this blog, we will be learning the process of registration with the fees and the documents and limitations of OPC.

Step-By-Step One Person Company Registration Process

The process of OPC Registration in India and registration documents required are as follows:

Step 1: Apply for DSC –

This is the first and foremost step of OPC registration i.e., to apply for the Digital signature certificate (DSC) of the director which requires the following documents:

• Aadhar card
• Address proof
• Photo of director
• Email address and mobile no. of the proposed director
• PAN card of the director

Step 2: Apply for DIN –

The next step is to apply for Director Identification Number (DIN) of the concerned director through Form SPICe+ with the identity and address proof of the director. The DIN of a minimum of three directors can be applied in the Form SPICe+ of One Person Company Registration process.

Step 3: Application for OPC company name approval –

The name should not be undesirable. The MCA website has also issued guidelines relating to the approval of company name.

Step 4:  Essential Documents –

Once the name is approved, you must submit the documents as given below in this article.

Step 5: Forms Filling with MCA-

The documents that are given as attachment to the SPICe+ Form INC-32, e-MOA, and e-AOA with the DSC of the director and the professional. The PAN and TAN have been generated with the SPICe+ e-Form at the time of the formation of the company.

Step 6: Issue of Registration certificate

After verification of all the forms filled for incorporation of One Person Company Registration process, the ROC (Registrar of companies) will issue a certificate, you can commence the business. You can also download one person company pdf from google.

What are the Documents Required for One Person Company Registration in India?

The one person company registration documents that needs to be submitted to the Registrar of Companies are as follows:

1. Passport-size photograph of the owner

2. Copy of the Aadhar, Voter identity card or driving license of the person

3. Copy of PAN card

4. Copy of the Passbook statement of bank, which is not older than 2 months.

5. Address proof in form of the latest electricity bill for One Person Company Registration Process

6. Copy of rent agreement, if rented property is there

7. Copy of Sale deed or ownership proof (In case of owner’s property) for One Person Company Registration

8. No objection certificate from the owner.

9. Drafting the Memorandum of Association (MOA) and Articles of Association (AOA) of the company.

10. Consent of the designated nominee is required and it is filled through the Form INC-3. The nominee of an OPC has to submit their PAN and Aadhar card for registration.

11. The designated director and nominee of the One person company have to submit the affidavit in Form INC-9 and DIR-2.

12. The One Person Company Registration Process also requires the DSC and DIN of the director are required for OPC registration.

What are the salient features of One Person Company Registration?

The following are the features of OPC registration:’

• New concept
• One shareholder
• An immediate nominee
• Single director
• Fewer compliances
• Separate legal entity
• Limited liability

What are the fees for Registration for One Person Company?

The OPC Registration in India depends on the nominal share capital of the company. E.g., the one person company registration fees with a share capital are 10,00,000 would be Rs. 2000/-. Whereas, the share capital can also range up to Rs. 10,00,000 to Rs. 50,00,000, and the fees charged for One Person Company Registration Process by the government are Rs. 2,000 in addition to Rs. 200 for each Rs. 10,000 of share capital or part.

With addition to the fees charged by government, the cost for obtaining the documents like a Digital Signature Certificate (DSC) and Director Identification Number (DIN) of the director are separate.

Is registration compulsory for One Person Company?

Yes, the one person company under the companies act, 2013 is mandatory which requires a single person to be a director and a single member to own the business. The essential conditions for registration of a One-person company are given below:

• One Individual can only use OPC.
• A One-Person Company shall have a nominee who is appointed in One Person Company Registration Process.
• Earlier the one person company turnover limit was prescribed under the provisions of the Companies Act, 2013, after the amendment there are no restrictions on the paid-up and turnover limits.

What are the One Person Company Examples?

There are many successful businesses which started with one person who had a vision and the skill to deliver it to the world. The new concept of OPC is running successfully in countries such as the USA, Singapore, and Europe. The top 10 one person company in India are as follows:

1. Amazon

2. EBAY

3. Plenty of fish

4. Big oven

5. Duckduckgo

6. Urban dictionary

7. Instapaper

8. Todoist

9. Newsblur

10. Techmeme

Closure Now…

One Person Company Registration Process is introduced by the one person company in company law with the main objective to support entrepreneurs who have the potential of raising their businesses. In this blog, we have understood the meaning of OPC in companies act, 2013, its process, features, fees, and necessary documents for an OPC.