What Is One Person Company?
A One Person Company is a company with a single member. It was introduced by the Companies Act, 2013. OPC extends the concept of limited liability to a company run by a single person. It is similar to a Private Limited Company but with fewer compliances and relaxed restrictions.
The concept was introduced to support entrepreneurs who want to operate independently without third-party interference. It’s a beneficial structure for solo business owners looking to simplify the legal and operational process.
- Only one member is required.
- Unaffected by death of member or change in ownership.
- Easy to set up and maintain comparatively.
- Limits the liabilities of its members.
- Minimal paperwork is required.
What Is Included In Our One Person Company Registration Package?
DIN For 1 Director.
DSC For 1 Director
Name Search And Approval.
MOA/AOA
ROC Registration Fee
Company PAN Card
Documents Required for OPC Registration
- Copy of PAN Card of directors
- Passport size photograph of owner
- Copy of Aadhaar Card/ Voter identity card of owner
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers(If owned property)
- Landlord NOC (Format will be provided)
Advantages Of One Person Company
Limited Liability
Separate Legal Entity
Uninterrupted Existence
Borrowing capacity
Limits the liabilities of its members
Obtain DSC and DIN
The proposed directors must obtain a Digital Signature Certificate(DSC) from 8 authorised DSC makers.
Reservation of name
An application for the reservation of a suitable name must be made in Form No. INC-1.
Articles of Association
Model Articles of Association have been provided in Tables F, G, H, I and J of Schedule I, as are applicable, and can be adopted by a company either in totality or otherwise.
Affidavit of Subscriber and the director
The affidavit must be submitted by sole member who has subscribed to the memorandum and named in the articles in Form No.INC-9.
Application for incorporation of OPC
An application must be filed, with the Registrar of Companies(ROC) within whose jurisdiction the registered office of the company is proposed to be situated, in Form No.INC-2.
Entrenchment Provisions
In case the Articles of Association contain provisions for entrenchment, the company must inform the Registrar of such provisions in Form No.INC-2 at the time of incorporation of the company or in case of existing companies ( by amendment of the articles of association), the same must be filed in Form No.MGT-14 within 30 days from the date of entrenchment of the articles.
Signing of Memorandum and Articles of Association:
The MOA and AOA of the company must be signed by the sole member who is also the subscriber to the memorandum, who must give details of his name, address, description and occupation, if any, in the presence of at least one witness who must also attest the signature and must also sign and give his details..
One Person Company Registration
Ideal for Start-ups Going for Funding & Growing Business
