One Person Company Incorporation
Earlier, there was no provision, which allows a single person to Incorporate Company under Companies Act and does business. However, with the advent of the Companies Act, 2013, a concept of ‘One Person Company’ (OPC) came into existence.
The concept of ‘One Person Company’ enables a person who is carrying on the business in the Sole-Proprietorship firm to enter into a Corporate Outline.
One Person Company is required to appoint a Nominee so that he can take the place of owner in case of Death or Inability of the owner. One Person Company is required to use the word OPC in bracket its name.
Apply Now For AssistanceWhat are the documents required for incorporation of OPC?
Documents required from First Director, Share holder & Nominee from Incorporation-
- PAN and Aadhar Card
- Voter ID card or Driving License
- Passport Size Photograph
- Latest Bank Statement
- Address Proof of Registered Office
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Government Fees & Stamp Duty ()
Incorporation Certificate ()
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Opening of Bank Account ()
GST Registration ()
EPFO Registration ()
ESIC Registration ()
Logo Designing ()
MSME Registration ()
Trademark Registration () (Excluding Government Fee)
Domain Name Registration & Web Hosting for one Year ()
Website Designing ()
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Frequently asked questions (FAQs)
What is One Person Company?
Section 2(62) of the Companies Act, 2013 defines One Person Company as “A Company which has only one person as a member”.
What is the Eligibility to Incorporate One Person Company?
- Any natural Person can incorporate an OPC
- OPC shall appoint a nominee
- Minimum & Maximum number of Members – One
- Minimum number of Directors – One
- Maximum Number of Directors – 15
What are Prohibited Activities for OPC under Companies Act, 2013?
- OPCs cannot be Incorporated or converted into a Company.
- OPCs cannot execute investments in securities.
What is the main Objective of OPC?
The Primary Objective of introducing OPC is to encourage the small businesses or individuals who are having resources to Incorporate a company with less complications and challenges.
What are the documents required for incorporation of OPC?
Documents required from First Director, Share holder & Nominee from Incorporation-
- PAN and Aadhar Card
- Voter ID card or Driving License
- Passport Size Photograph
- Latest Bank Statement
- Address Proof of Registered Office
What is the Process of OPC Incorporation?
Obtain Digital Signature Certificate (DSC)
- Apply for Name Approval.
- Appointment of Nominee
- File form SPICe+
- Issuance of Incorporation Certificate
What are the types of OPCs on the basis of Incorporation?
- OPC Limited by-
- Shares
- Guarantee without Share Capital
- Guarantee with Share Capital
- Unlimited OPC
- without Share Capital
- with Share Capital
What are the Benefits of OPC?
- Limited Liability
- Separate Legal Entity
- Perpetual Existence
- Enjoys more Credibility
- Less ROC Compliances
- Not required to prepare Cash Flow Statement
- Not required to hold Annual General Meetings.