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One Person Company Registration
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REGISTRATION WORKFLOW
EXPRESS TIMELINE01
DAY 1Digital Filing
SPICe+ & MCA Portal Submission
Preparation of DSC, DIN, MOA, AOA & fast-track digital submission to MCA.
02
DAY 2Govt Verification
PAN, TAN & Name Approval
03
DAY 3COI & Bank Account
Official Registration Certificate
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One Person Company (OPC) is a business structure introduced under the Companies Act, 2013, allowing a single individual to establish a company. It combines the advantages of a sole proprietorship with the benefits of a corporate entity, such as limited liability and legal recognition. Designed to promote entrepreneurship, OPCs aim to simplify the formalization of Micro, Small, and Medium Enterprises (MSMEs) in India.
This structure is particularly favored by startups and businesses aiming for growth and scalability, thanks to its flexible ownership model and efficient management framework.
Benefits
Simple Succession
Limited Liability
Sole Ownership and Management
Ownership of Assets
Why OPC?
- Simple Succession: Allows perpetual succession; a nominee can take over business operations upon the member's death.
- Limited Liability: Members' liability is limited to their shares. Creditors can only claim company assets, not personal assets, even in case of bankruptcy.
- Sole Ownership and Management: A single individual acts as both the sole shareholder and director, managing daily operations without needing additional executives.
- Ownership of Assets: The OPC, as a separate legal entity, can own real estate and other assets in its name, protected from claims by others.
Advantages of One Person Company (OPC)
- Separate Legal Entity: Protects the founder from personal liability for company losses.
- Easy Fundraising: Can raise funds through venture capitalists, angel investors, and banks more easily than proprietorships.
- Reduced Compliance: Exempt from certain compliance requirements under the Companies Act, 2013.
- Simple Incorporation: Requires only one member and one nominee, with no minimum paid-up capital.
- Efficient Management: Single-member structure ensures quick decision-making and smooth operations.
- Perpetual Succession: Ensures business continuity regardless of changes in membership.
Documents required for OPC registration
Memorandum of Association (MoA) and Articles of Association (AoA).
Nominee's Consent:Form INC-3 with nominee's PAN and Aadhaar card.
Proof of Registered Office:Supporting documents for the company's address.
Director's Declaration:Form INC-9 and consent in Form DIR-2.
Professional Declaration:Certification of legal compliance by a qualified professional.