Incorporation of One Person Company
✅ Get your One Person Company incorporated with ease.
✅ Secure DSC with 2 years validity for compliance.
✅ Unique identification for the sole director.
✅ Ensure a unique and legally compliant business name.
✅ Obtain essential tax-related documents for smooth financial operations.
✅ Get a current account with leading banks.
✅ Professionally prepared Memorandum and Articles of Association.
✅ Officially register your company with government certification.
Kickstart Your Business with a One Person Company (OPC)
Starting your own business can be both exciting and challenging. Many entrepreneurs hesitate due to legal complexities, liability concerns, and funding issues. But what if you could enjoy the benefits of a private limited company while retaining complete control? That’s exactly what a One Person Company (OPC) offers! It’s the perfect balance between a sole proprietorship and a full-fledged company, ensuring you get credibility, limited liability, and ease of operations—all in a single package.
At Advo e-Works, we are here to help you navigate the OPC incorporation process effortlessly. Whether you’re a startup founder, freelancer, or small business owner, we make business registration simple and hassle-free.
What is a One Person Company (OPC)?
A One Person Company (OPC) is a unique type of business entity that allows a single individual to own and manage a company while enjoying corporate advantages. It is legally recognized under the Companies Act, 2013, ensuring that the business owner gets limited liability protection, a separate legal identity, and better credibility in the market. Unlike a sole proprietorship, where the owner and business are treated as the same entity, an OPC is a separate legal entity.
🔹 Key Features of an OPC:
- It is owned by one person who acts as both the shareholder and director.
- It has a separate legal identity from its owner, meaning the company itself can enter contracts, own assets, and be held liable for debts.
- The owner’s personal assets remain protected in case of business losses or legal issues.
- A nominee director must be appointed to take over in case of the owner’s demise or incapacity.
It operates with less compliance than a Private Limited Company, making it an ideal choice for solo entrepreneurs.
Why Should You Choose an OPC Over a Sole Proprietorship?
Many entrepreneurs struggle to choose between an OPC and a sole proprietorship. While a sole proprietorship offers flexibility, it lacks legal protection, credibility, and funding opportunities. Here’s why OPC is a better choice:
✅ Limited Liability Protection: Your personal assets remain safe, unlike in a sole proprietorship where personal and business assets are at risk.
✅ Enhanced Business Credibility: Investors, banks, and clients trust registered companies more than unregistered businesses.
✅ Business Continuity: Even if the owner is unable to continue, the nominee director ensures smooth succession.
✅ Better Access to Loans & Growth Opportunities: OPCs find it easier to obtain business loans and financial backing than sole proprietors.
✅ Tax Benefits & Legal Recognition: OPCs enjoy better tax planning opportunities compared to sole proprietorships.
Who is Eligible to Start an OPC?
Before you start the OPC registration process, ensure you meet these eligibility criteria:
- The owner must be an Indian citizen and a resident of India (at least 182 days in the preceding financial year).
- Only one OPC per individual is allowed. You cannot incorporate multiple OPCs or be a nominee in more than one OPC.
- An OPC cannot be formed by another company or LLP; only individuals can establish an OPC.
Certain business types, such as NBFCs, financial institutions, and investment companies, are not allowed to register as OPCs.
Step-by-Step Guide to Incorporating an OPC in India
Step 1: Obtain a Digital Signature Certificate (DSC)
A Digital Signature Certificate (DSC) is required to digitally sign the incorporation documents. The OPC owner and the nominee must obtain DSCs from government-approved certifying authorities.Step 2: Get a Director Identification Number (DIN)
The Director Identification Number (DIN) is a unique ID issued by the Ministry of Corporate Affairs (MCA) for company directors. It is mandatory for the sole director of an OPC.Step 3: Reserve a Unique Company Name
Choosing the right business name is crucial. The proposed name should be unique and should end with “(OPC) Private Limited”. It must be approved by the MCA through the RUN (Reserve Unique Name) application.Step 4: Draft the MOA & AOA
Memorandum of Association (MOA): Defines the company’s objectives and purpose. Articles of Association (AOA): Lays out the internal rules and operational guidelines. These documents must be prepared and submitted with the incorporation application.Step 5: Appoint a Nominee Director
Since an OPC has only one owner, a nominee director must be appointed. This person will take over in case of the owner’s death or incapacity. The nominee’s consent is required in Form INC-3.Step 6: File the Incorporation Form (SPICe+ Form)
The SPICe+ (Simplified Proforma for Incorporating Company Electronically) form is submitted along with the required documents to the MCA for approval.Step 7: Receive the Certificate of Incorporation (COI)
Once the MCA approves your application, a Certificate of Incorporation (COI) is issued. This document officially confirms the existence of your OPC.Step 8: Apply for PAN, TAN & Bank Account
After incorporation, apply for PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for tax purposes. Also, open a business bank account in the company’s name.Important Documents Required for OPC Registration
To register your OPC successfully, ensure you have the following documents:
- Owner’s PAN card, Aadhaar card, and address proof (utility bill, bank statement, etc.)
- Nominee’s identity proof and consent form (Form INC-3)
- Registered office proof (electricity bill, rental agreement, or ownership document)
- Digital Signature Certificate (DSC) of the owner
- Director Identification Number (DIN)
- Memorandum of Association (MOA) & Articles of Association (AOA)
Post-Incorporation Compliance for OPCs
After incorporation, an OPC must comply with certain regulatory requirements:
- Annual Filing: Submission of financial statements and annual returns to the MCA.
- Income Tax Filing: Mandatory yearly tax return filing.
- GST Registration & Filing: Required if the turnover exceeds ₹20 lakh (₹10 lakh in special category states).
- Board Meetings: At least one board meeting must be held every six months.
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