OPC Company

OPC Company

The structure of the one person company (OPC) in recent times was launched as a refinement of the structure of a sole proprietorship firm Before the enforcement of the Companies Act, 2013, a single person could not establish a company

Benefits of OPC Registration

Limited Liability

The directors' personal property is always safe in a private limited company, no matter the debts of the business.

Continuous Existence

Sole Proprietorships come to an end with the death of the proprietor. As an OPC company has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.

Documents Required for OPC Registration

  • Copy of PAN Card of owner
  • Passport size photograph of the owner
  • Less paperwork to get started.
  • Copy of Aadhaar Card/ Voter identity card
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC

Process for One Person Company Incorporation

  • Step 1: Check eligibility and documents
  • Step 2: Passport size photograph of the owner
  • Step 3: Less paperwork to get started.
  • Step 4: Copy of Aadhaar Card/ Voter identity card
  • Step 5: Copy of Rent agreement (If rented property)
  • Step 6: Electricity/ Water bill (Business Place)
  • Step 7: Copy of Property papers (If owned property)
  • Step 8: Landlord NOC

Package Inclusion

  • Directors identification number for 1 director
  • Digital signature certificate for 1 director (If the shareholders are different from directors, then additional DSC is required for shareholders)
  • Guidance for choosing the company name
  • Step 4: • PAN and TAN
  • Drafting the memorandum & articles of association, RoC filing fees for an authorized capital, government stamp duty, and certificate of incorporation
  • Name approval certificate
  • GST registration
  • PF registration
  • ESI registration
  • PT registration (only applicable in Maharashtra)