One Person Company (OPC) Private Limited Registration in India
A One Person Company (OPC) is an emerging business structure in India, ideal for solo entrepreneurs who want to start a business with limited liability. It offers the benefits of a private limited company but with a single owner, making it easier to manage.
Overview
A One Person Company (OPC) in India is a type of private limited company where a single individual can operate a business as both the owner and the director. It combines the benefits of a sole proprietorship and a corporate structure, offering limited liability protection to the owner while ensuring ease of management. OPC is ideal for small businesses or individual entrepreneurs looking for limited liability protection and a separate legal entity status.
At BookmyLLC, we offer expert services to help you register your OPC quickly and in full compliance with Indian regulations.
Our Services
- Name Approval Search
- Corporate Identity Number (CIN)
- Certificate of Incorporation
- e-PAN & e-TAN Card
- MoA & AoA (Memorandum and Articles of Association)
- DIN – Director Identification Number
- Class-3 DSC (Digital Signature Certificate) with 2 years validity
- Fees (State Stamp Duty for ₹1 Lakh Capital)
- ESI & PF Registration
- Current Account Opening Assistance
- GST Registration
- MSME Registration
- Monthly GST Return Filing Assistance
- Dedicated Manager
- Tax Planning & Preparation
How to Register a One Person Company (OPC) in India?
The process of registering an OPC in India involves several steps. Here’s a simplified overview:
- Choose a Unique Name: Select a unique name that is not already registered with the Registrar of Companies (RoC) and does not infringe on any trademarks.
- Digital Signature Certificate (DSC): The director needs to obtain a DSC to electronically sign documents.
- Memorandum of Association (MoA) & Articles of Association (AoA): Draft and submit the MoA and AoA, outlining the company’s objectives and internal rules.
- File the Incorporation Form: File the incorporation application (SPICe Form) along with all necessary documents to the MCA, covering PAN and TAN applications for the OPC.
- Obtain Director Identification Number (DIN): Obtain a DIN for the sole director of the OPC.
- Approval and Incorporation: After the Registrar of Companies (RoC) verifies the documents, the Certificate of Incorporation is issued, marking the official registration of the OPC.
- PAN and TAN: Along with the Certificate of Incorporation, a PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) are assigned to the OPC.
- Bank Account: Open a bank account in the name of your newly registered OPC to begin operations.
Eligibility for Registering a One Person Company (OPC)
Before registering an OPC, you must ensure you meet the following criteria:
- Single Director and Shareholder: An OPC can only have one shareholder and one director, who can be the same person.
- Nominee: The sole member must appoint a nominee who will take control in the event of the owner’s death or incapacitation.
- Residential Requirement: The sole director must be an Indian resident.
- Capital Requirement: There is no minimum capital requirement, but the company must declare its authorized capital.
- Unique Company Name: The name of the OPC must not be identical to an existing company or violate any trademark regulations.
- Registered Office Address: A valid registered office address within India must be provided.
Benefits of a One Person Company (OPC)
- Limited Liability Protection
The personal assets of the sole shareholder are protected as their liability is limited to the capital they have invested. - Separate Legal Entity
An OPC enjoys the status of a separate legal entity, which means the company’s existence is independent of its owner. - Simplified Compliance
OPCs have fewer compliance requirements compared to a regular private limited company, making them easier to manage. - Perpetual Succession
The company can continue to operate even after the owner’s death, thanks to the nomination of a successor. - Tax Advantages
OPCs benefit from lower corporate tax rates and deductions available to private limited companies. - Easy to Raise Funds
Though OPCs have a single owner, they can still raise funds through venture capital or loans due to their separate legal status.
One Person Company Registration Process with BookmyLLC
At BookmyLLC, we follow a streamlined process for registering your OPC. Here’s a step-by-step breakdown:
Step 1: Obtain DSC and DIN
The sole director must obtain a Digital Signature Certificate (DSC) to sign documents electronically. We also assist in acquiring a Director Identification Number (DIN) for the director.
Step 2: Name Reservation
We help you reserve a unique name for your OPC using the MCA’s SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) system. We ensure the name is compliant with the Companies Act, 2013, and does not violate any trademark regulations.
Step 3: Preparation of Incorporation Documents
Our experts prepare key documents such as the Memorandum of Association (MoA) and Articles of Association (AoA), outlining your company’s objectives and internal regulations.
Step 4: Filing of Incorporation Documents
Once the documents are ready, we file them with the MCA through the V3 portal along with the required fees and forms.
Step 5: Certificate of Incorporation
Once the RoC verifies the documents, they issue a Certificate of Incorporation, along with a Corporate Identification Number (CIN), marking the formal registration of your OPC.
Step 6: Apply for PAN and TAN
After incorporation, we assist in obtaining your company’s PAN and TAN.
Step 7: Bank Account Assistance
We help you open a current bank account in the company’s name, guiding you through the documentation and paperwork process.
Step 8: GST Registration
Once your OPC Private Limited Company is set up, it is essential to register for Goods and Services Tax (GST) if your business’s annual turnover exceeds the threshold limit (currently ₹20 lakh for services and ₹40 lakh for goods). GST registration is mandatory for companies that engage in interstate trade or e-commerce, regardless of turnover.
At BookmyLLC, we take care of the GST registration process for you. We prepare and submit the required documents through the GST portal, ensuring you receive your GSTIN (Goods and Services Tax Identification Number) quickly and efficiently. Proper GST registration ensures your business complies with tax laws and allows you to claim input tax credit on business expenses.
Documents Required for OPC Registration in India
For the Director:
- Proof of Identification (Passport/ DL/ Voter ID Card)
- Latest Bank Statement (Not older than 3 months)
- Passport-sized photograph
- PAN & Aadhaar Card
- Email ID and Mobile Number of the Director
For the Registered Office:
- Latest utility bill (not older than 2 months)
- No Objection Certificate (NOC) from the property owner (if rented)
Rental Agreement/Lease Deed (if applicable)
How we can help you?
- Expert Guidance: We offer personalized advice and support throughout the registration process, ensuring compliance with Indian corporate laws.
- Efficiency: Our streamlined process ensures timely registration, minimizing delays and administrative hurdles.
- Compliance with Indian Corporate Laws: We ensure your OPC meets all legal requirements, adhering to India’s regulatory standards.
- Post-Incorporation Services: Our services extend beyond registration, offering:
- Annual compliance filings
- Accounting and bookkeeping
- Tax filings and GST registration
- Statutory audits
- Additional certifications and licenses as per business needs
- Tailored Solutions: We provide customized registration and compliance solutions based on your specific business requirements.
- Simplified Registration Process: We handle all paperwork, from securing DIN and DSC to filing MoA and AoA, saving you time and effort.
- Local Expertise: Our team has in-depth knowledge of Indian corporate laws and ensures your OPC is fully compliant.
- Personalized Support: We provide hands-on assistance throughout the registration process and ongoing business support.
- Cost-Effective Solutions: We offer transparent pricing, competitive packages, and no hidden fees.
- Live Process Updates: Stay informed with real-time updates on your OPC registration status.
- Bank Account and GST Registration: We assist in opening a business bank account and registering for GST, ensuring full tax compliance.
- Affordable Pricing: Our transparent pricing guarantees no hidden costs, offering a range of packages to suit your budget.
Basic Package
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Name Search Availability
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Certificate of Incorporation
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eMOA & AOA
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e-Pan & e-Tan Card
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Director Identification Number
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ESI & PF Registration
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Bank Account Assistance*
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Note - DSC & state fee will be as actual
Standard Package
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Company Name Approval*
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Certificate of Incorporation
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eMOA & AOA
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e-Pan & e-Tan Card
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DIN No of of 2 Directors
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ESI & PF Registration
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GST & MSME Registration*
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Dedicated Manager*
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Bank Account Assistance*
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Note - DSC & state fee will be as actual
Premium Package
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Company Name Approval *
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Certificate of Incorporation
-
eMOA & AOA
-
e-Pan & e-Tan Card
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DIN No of 2 Directors
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ESI & PF Registration
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GST & MSME Registration*
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12 Month GST Return Filing*
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Company Annual Compliances*
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Dedicated Manager*
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Bank Account Assistance*
FAQs for One Person Company Registration
How long does it take to register a Private Limited Company in India?
The registration process typically takes 10-15 working days, depending on the speed of document submission and approval from the MCA.
Can a single person register an OPC?
Yes, one individual can own and operate an OPC with a nominee appointed in case of incapacity or death.
Is there a minimum capital requirement for an OPC?
No, there is no mandatory minimum capital requirement, but the company must declare its authorized capital.
Can an OPC be converted into a Private Limited Company later?
Yes, an OPC can be converted into a Private Limited Company by following the legal procedure.
What is the validity of the Certificate of Incorporation?
The Certificate of Incorporation is valid indefinitely, as long as the company meets all compliance requirements.