One Person Company(OPC)

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One Person Company(OPC)

One Person Companies (OPC’s) represent a modern approach to business ownership, offering individuals the opportunity to establish a company with limited liability. Ideal for solo entrepreneurs seeking a formalized structure, OPC’s provide a balance between autonomy and legal compliance. At Srprof, we recognize the unique needs of OPC’s and offer tailored solutions to support their growth. From incorporation to ongoing compliance and strategic planning, our dedicated team provides personalized assistance every step of the way. Choose Srprof as your trusted partner in navigating the intricacies of OPC’s operations, empowering you to focus on your business goals with confidence.

What is One Person Company Registration? - Overview

To register a One Person Company in India, you must first understand its meaning. A One Person Company (OPC’s) is a form of Private Limited Company incorporated under the Companies Act of 2013. It is owned by a single shareholder entitled to 100% share of its profits. However, his liability is restricted to the unpaid amount of his subscribed equity capital in the company. Decision-making processes are not very complicated as all decisions are approved by a single shareholder. So, if you do not want to share your ownership, a One Person Company can be your best choice!

Key Features of One Person Company:

  • Single-owner
  • Limited Liability
  • Distinct Management Structure
  • Entitlement to 100% Profits
  • Perpetual Succession through Nominee

Note:

  1. Promoters include all first shareholders and first directors of the One Person Company(OPC’s).

  2. We recommend you send the soft copies of documents to us. Also our start up advisors will share a questionnaire with you to seek necessary information. We will verify the information and legal documents sent to us. Please contact us for further clarifications and a copy of the prescribed NOC format.

How to Register One Person Company? - Stepwise Process

OPC’s Registration Process in India can be completed in a series of steps. A form must be filed with necessary OPC’s documents required for registration. The ROC will examine the filed application and if successfully verified, will issue a Certificate of Incorporation in the OPC’s name. The Certificate of Incorporation becomes a conclusive proof for OPC’s registration in India.

Documentation

One Person Company company registration process begins with preparing all necessary documentation. To register OPC's in India, you will need the basic KYC documents of the promoters and documents of the registered office. Refer to the list of documents above for complete information. Also, since the application is to be signed digitally, make sure the promoters have their Class 3 digital signature certificates.

Select a name for your One Person Company

The next step in OPC's Registration process is selecting a valid name for the OPC's as per MCA guidelines. After selecting the name, you must get it approved and reserved by the ROC. For this, an application can be filed in the PART A of SPICe+ form to the ROC. Once the name is reserved, it is valid for 20 days and the OPC's must be incorporated within this time.

Drafting of MoA and AoA

MOA is the constitution of the one person company, and the AOA is its document of internal rules and regulations. These are important OPC's documents required to be submitted during the one person company registration process. So, make sure these are drafted beforehand in the appropriate legal format. They must be signed by all the shareholders, and stamped by a public notary after the payment of applicable stamp duty.

Filing application for OPC's Registration Online

Once all the documents and drafts are ready, you can finally file the SPICe+ application for OPC's incorporation online. The form must be accompanies by the necessary documents and drafts, uploaded in their digital formats. Finally, the authorised director can sign the form using his class 3 Digital Signature Certificate. The form is further certified by a practicing professional such as a CA, CS, CMA or Advocate of the High Court.

Get Certificate of Incorporation for your LLP

The SPICe+ application, after submission, reaches the office of Registrar of Companies. The ROC examines all the details and documents submitted for accuracy and authenticity. If satisfied with the submissions, ROC approves the application and proceeds with the OPC's Company Registration process. It registers the OPC's and issues a Certificate of Incorporation in its name.

Registration or Enrollments Under Spice+

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