One Person Company (OPC)
What is a One Person Company (OPC)
- One Person Company is a private limited company with single ownership/shareholder introduced in India through the Companies Act, 2013.
- It is a registered sole proprietorship company with separate legal status.
- Single member/shareholder compared to minimum two members for Pvt Ltd Co and Limited Liability Partnership (LLP).
- Offers limited liability protection to its member compared to a normal sole proprietorship.
- Has business continuity and is easy to incorporate.
- Nominee required, who will become the member/shareholder in case of promoter Director’s death.
- Must be converted into a Private Limited Company if turnover exceeds Rs. 2 Crore or Share Capital exceeds Rs. 50 Lakhs.
- Audit and filing of annual return with ROC compulsory.
Incorporation Process
- Apply Digital Signature Certificate (DSC) for proposed member/shareholder.
- Identify a unique name for the company (not similar to existing company/trademark).
- Apply for Name approval (Spice-A form).
- Prepare Memorandum of Association and Articles of Association in Spice-MOA and Spice-AOA form.
- Apply for incorporation in form Spice-B along with other documents.
- Upon incorporation, open a current account and deposit share capital.
- File form INC-20A for commencement of business.
Documents Required
- Passport size photographs (2) of shareholder/director.
- Self-attested PAN card copy of director/shareholder.
- Aadhar card copy.
- Residence proof (electricity/telephone/mobile bill or bank passbook).
- Registered office proof (electricity/telephone/mobile bill in owner’s name).
- Ownership proof (property tax receipt or similar).
- If rented, rental agreement + no objection letter from owner.
Our Services
- Hassle-free support in drafting MOA, AOA, and incorporation documents.
- Advisory services for account maintenance, taxation, GST, Import Export Code, etc.
- Trademark registration of the brand.