One Person Company

  • We understand the challenges you face as a solopreneur. That's why we offer worry freeone person company (OPC) registration servicesto help you launch your dream venture quickly and efficiently.

WHAT IS AN OPC?

An OPC is aunique legal structurein India specifically designed for entrepreneurs who want to operate their business as a single owner. It offers the benefits of limited liability and increased credibility compared to a sole proprietorship, while being simpler to set up than a traditional limited liability company (LLC).

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BENEFITS OF OPC:

  • Limited Liability Protection : 

    This is a critical advantage of OPCs. In an OPC, the owner's personal assets are shielded from business liabilities. This means that if the company faces financial issues or lawsuits, the owner's personal belongings, like their home or car, are generally not at risk. This protection is crucial for entrepreneurs who want to limit their personal financial exposure while pursuing their business ventures.

  • Enhanced Credibility :

    Compared to sole proprietorships, OPCs project a more professional and established image. The formal company structure associated with an OPC can inspire greater trust and confidence from potential clients, partners, and investors. This enhanced credibility can be instrumental in attracting business opportunities and fostering growth.

  • Easier Access to Funding :

    Obtaining funding can be challenging for any new business. However, OPCs may have a slight edge compared to sole proprietorships when it comes to securing loans or investments. The legal structure of an OPC can make it appear more attractive to lenders and investors, potentially leading to easier access to capital for business expansion or other needs.

One person company registration Process:

  1. Digital Identity (DIN & DSC):
    • Obtain a Director Identification Number (DIN) for the director, ensuring a verified individual.

    • Apply for a Digital Signature Certificate (DSC) for secure electronic filing.

  2. Public Name Approval:
    • Submit a proposed company name for public reservation through the Ministry of Corporate Affairs (MCA) portal.

    • This allows anyone to check for potential name conflicts.

  3. Clear Documentation:
    • File the registration forms with the MCA portal, including:

      • Memorandum of Association (MoA) outlining company objectives.

      • Articles of Association (AoA) defining internal governance rules.

      • KYC documents for identity verification.

    • Appoint a nominee to act as a backup member, ensuring continuity.

  4. Online Accessibility:
    • The entire registration process is conducted online, promoting efficiency and a clear audit trail.

  5. Public Verification:
    • After registration, the company's details become publicly available for anyone to verify its existence and legitimacy.

This transparent and digital approach helps build trust with potential customers, investors, and partners.

Documents Required for OPC registration

  1. Documents of the Promoters:
    • PAN Card :

      A valid PAN card of the proposed director and shareholder is mandatory.

    • Aadhaar Card :

      A copy of the Aadhaar card of the proposed director and shareholder is required for identification purposes.

    • Passport-sized photograph :

      A recent passport-sized photograph of the proposed director and shareholder is needed.

    • Address proof :

      A document proving the residence address of the director and shareholder, such as a recent utility bill (electricity bill, water bill, or landline bill) not older than two months, is required.

    • Digital Signature Certificate (DSC) :

      A DSC is a digital token that allows the director to sign documents electronically. You can obtain a DSC from any authorized agency.

    • Director Identification Number (DIN) :

      The director needs to have a DIN, which is a unique identification number assigned by the Ministry of Corporate Affairs (MCA). You can apply for a DIN online through the MCA portal.

  2. Documents of the Registered Office:
    • Proof of registered office address :

      A document proving the address of the registered office of the company, such as a recent utility bill (electricity bill, water bill, or landline bill) not older than two months, is required.

    • NOC from the property owner :

      If the registered office is not owned by the company, a No Objection Certificate (NOC) from the owner of the property is necessary. This NOC should state that the owner has no objection to the company using the property as its registered office.

  3. Constitution Documents:
    • Memorandum of Association (MoA) :

      The MoA is a document that defines the company's objectives, and the extent of its liability.

    • Articles of Association (AoA) :

      The AoA is a document that lays down the internal rules and regulations of the company, such as the powers and duties of the directors, the conduct of meetings, and the issue of shares.

  4. Additional documents:
    • Nominee's consent :

      The OPC must appoint a nominee who will take care of the company's affairs in case the director becomes incapacitated or dies. The nominee's consent in the prescribed form (INC-3) along with their PAN card and Aadhaar card is required.

    • Declaration and consent of the proposed director :

      The proposed director needs to file a declaration in Form INC-9 and their consent in Form DIR-2.

    • Declaration by a qualified professional :

      A declaration by a qualified professional, such as a company secretary or a chartered accountant, certifying that all the necessary legal compliances have been adhered to, is required.

WHY CHOOSE US FOR YOUR OPC REGISTRATION ?

  • Seamless process:

    Our experienced team will guide you through every step of the registration process, ensuring all documentation is accurate and complete.

  • Time-saving efficiency:

    We handle all the paperwork and filings, allowing you to focus on building your business.

  • Expert advice:

    We provide clear and concise guidance on the legal and financial aspects of starting an OPC.

  • Competitive pricing:

    We offer transparent and affordable fees for our services.

Here's what we include in our OPC registration service:

  • Assistance with company name selection and availability check
  • Preparation of the Memorandum of Association (MoA) and Articles of Association (AoA)
  • Filing of incorporation documents with the Registrar of Companies (ROC)
  • Assistance in obtaining a Permanent Account Number (PAN) and Tax Identification Number (TAN)
  • Dedicated support throughout the registration process

READY TO GET STARTED?

Contact 24efiling today for a free consultation and discuss how our OPC registration services can help you turn your entrepreneurial vision into reality.

Faq

We Made Things Easy For You!

A One Person Company (OPC) is a legal business entity that allows a single individual to operate a corporate entity with limited liability. It is a relatively recent concept that aims to provide the benefits of a corporate structure while allowing single entrepreneurs to establish and run their businesses more efficiently.
ELIGIBILITY CRITERIA :
  • Individual Entrepreneur:

    Only a natural person who is an Indian citizen and resident in India can form an OPC. Non-resident Indians (NRIs) and foreign nationals are not eligible to set up an OPC.

  • Sole Member:

    An OPC must have only one member/shareholder. This individual will be the sole owner and director of the company.

  • Nominee Director:

    The sole member of the OPC is required to nominate a person as a nominee director in the memorandum of association. The nominee director will take over in case of the member's death or incapacity.

Yes, a One Person Company (OPC) can be converted into a private limited company. The conversion process involves passing a special resolution, obtaining No Objection from creditors, and filing the necessary forms with the Registrar of Companies (RoC). The OPC must also comply with the applicable regulatory requirements for the conversion.

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