ONE PERSON COMPANY (OPC) REGISTRATION
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What is a One Person Company (OPC)?
A One Person Company (OPC) is a groundbreaking business structure introduced under the Companies Act, 2013. With OPC Registration – Start Your One Person Company Today, solo entrepreneurs can establish a corporate entity with limited liability while retaining the simplicity of a sole proprietorship. This structure is designed for individuals aiming to efficiently scale their ventures with minimal compliance requirements.
In OPC Registration – Start Your One Person Company Today, a single individual takes on the roles of both shareholder and director, exercising complete control over the company’s operations. Additionally, a nominee director must be appointed, who steps in if the primary director is incapacitated or unavailable. This model ensures operational ease and legal protection for individual business owners.
Types of OPC
- OPC Limited by Guarantee
- OPC Limited by Share Capital
- OPC Unlimited Company
Documents Required for OPC Registration
To register your OPC with FilingRaasta, the following documents are essential:
- Self-attested PAN card of the applicant.
- Address proof matching the name on the applicant’s identity document.
- Self-attested identity proof (Aadhaar card, voter ID, passport, or other valid documents).
- Latest utility bills (electricity, water, or telephone) as proof of business location (not older than two months).
- Property ownership documents or rent agreement with the landlord’s NOC.
- Two passport-sized photographs of the applicant.
- Bank statements for the last two months.
Eligibility Criteria for OPC Registration
- Single Ownership: The OPC must have only one shareholder and one director (the same individual can hold both roles).
- Nationality: The director must be an Indian citizen.
- No Minimum Capital: There is no mandatory minimum capital requirement.
- Nominee Requirement: A nominee director must be appointed as per regulations.
Step-by-Step Process for OPC Registration
- Reserving the Name:
Use the RUN application or SPICE Part A form via the MCA portal to secure your desired company name. - Approval of Name:
The Ministry of Corporate Affairs (MCA) reviews the name request and provides approval or rejection within 3-4 business days. - Name Finalization:
Upon approval, the name must be registered within 20 days to avoid additional charges. - Obtaining DIN & DSC:
Apply for the Director Identification Number (DIN) and Digital Signature Certificate (DSC) for the director. - Drafting MOA & AOA:
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) electronically using SPICE Part B. - Filing the Application:
Submit the online application with all necessary documents to the MCA. - Evaluation by MCA:
The application undergoes scrutiny by the authorities to ensure compliance. - Certificate of Incorporation:
Upon approval, the MCA issues the Certificate of Incorporation along with PAN and TAN for the company.
Advantages of OPC Registration
- Limited Liability Protection:
The director’s personal assets are shielded from business liabilities, ensuring financial security. - Perpetual Existence:
The OPC enjoys uninterrupted continuity, regardless of changes in ownership or the incapacity of the director. - Ease of Ownership Transfer:
Ownership can be seamlessly transferred through nominee changes or share transfers. - Enhanced Credibility:
With mandatory annual audits, OPCs are trusted by vendors, lenders, and investors, making funding easier to access. - Property Ownership:
An OPC, as a legal entity, can acquire, own, and manage property independently. - Simplified Compliance:
Compared to other company structures, OPCs require minimal paperwork and regulatory adherence. - Quick Decision Making:
Being a one-person entity, decisions can be made and executed promptly, driving operational efficiency. - Safeguard of Personal Assets:
Even in case of business losses, the director’s personal assets remain protected.
For hassle-free OPC Registration – Start Your One Person Company Today, connect with FilingRAASTA. Our experts will guide you through every step, ensuring compliance and efficiency.
WHY CHOOSE FILINGRAASTA FOR OPC?
At FilingRaasta, we understand that starting your entrepreneurial journey as a single founder can feel overwhelming, which is why we make the process of One Person Company (OPC) registration simple, seamless, and stress-free. Our team of experts provides complete end-to-end assistance, from preparing and verifying your documents to securing your Digital Signature Certificate (DSC), Director Identification Number (DIN), and finally obtaining your Certificate of Incorporation. With our guidance, you can avoid delays, reduce costs, and ensure that your OPC complies with all necessary legal requirements. FilingRaasta not only helps you register your company quickly but also ensures that your business is structured for long-term success. By choosing us, you gain a trusted partner dedicated to helping you transform your vision into a thriving enterprise. Take the first step toward entrepreneurial success today—register your One Person Company with FilingRaasta and let us handle the complexities while you focus on growth.
Disclaimer: The above content is meant for informational purposes only. For specific legal or compliance-related advice, please consult our experts directly