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What is OPC Registration

OPC is one of the significant milestones of the Companies Act, 2013, introduced to encourage self-employment with a backbone of India's legal system.

  • OPC Registration requires only one member to create this company and at the same time it has a separate legal entity, offers limited liability protection and enjoys stability and continuity of business.
  • OPC Registration usually takes 10-15 days.

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Why One Person Company Registration.

  • Single Promoter :One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India.
  • Uninterrupted Existence: A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved.
  • Easy Transferability:Ownership of a business can be easily transferred in a company by transferring shares.
  • Make sure that the name does not exist which will help you to avoid hurdle in Private limited company registration process.
  • Borrowing Capacity :Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.
  • Owning Property :A company being an artificial person, can acquire, own, enjoy and alienate, property in its name.

Procedure For OPC Registration

  • Apply for DSC: For One Person Company Registration, one needs to apply for DSC. DSC is a Digital Signature Certificate which is necessary to file the one person company registration documents.
  • Obtain the DIN:Once you get your DSC, the next step is to obtain the Director Identification Number of the proposed director in SPICe Form along with the name and the address proof of the sole director.
  • File the Name Approval Application :OPC is to choose a name for the company.
  • Drafting of MOA and AOA:For OPC registration, one needs to prepare the Memorandum of Association (MoA) and Article of Association (AoA).
  • The signing of Memorandum and Article of AssociationThe documents will be signed in the presence of the at least one witness who must also attest the signature and must also sign and give the details.

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Documents Required For OPC Registration

  • Copy of PAN Card of directors
  • Submission of MoA and AoA
  • Affidavit of the subscriber and the Director
  • Consent of Nominee
  • Proof of the Registered Office
  • Certification of Documents
  • The issue of the Certificate of Incorporation

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