One Person Company (OPC Registration)
Registration or Incorporation of a company without including a second person.
Sole Proprietors can avail the benefits of limited liability, without including a second person to form a company.
No minimum Capital Required.
Protect your Personal Assets.
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One Person Company Registration
One Person Company (OPC) is a type of legal business entity which can be incorporated by only Person (Member) and where liability of member's is limited. Only natural person who is also an Indian citizen and resident in India can Incorporate a One Person Company. A company being a legal person is distinct from its directors and shareholder, Creditors of the company cannot claim the debt, from the property of Directors and Shareholder of One Person Company.
Individual entrepreneurs can now start their own ventures with a formal business structure by Incorporating OPC. By Incorporating such company small businessmen and traders, can get credit, bank loans, access to market and also gets legal protection available to companies.
Young entrepreneurs alone can individually Incorporate/Register a One person Company and can take advantage of having access to credit facilities from bank, limited liability protection, name protection, and that to without involving or sharing profits with a second person in the company
Corporations and industries want to do business with an incorporated entity instead of sole traders. Limited Company are considered to be more established and also creates a professional and corporate image.
Documents Required
(a) At least one of the directors shall be resident in India, i.e, who has stayed in India for a total period of not less than 182 days in the previous financial year.
(b) Directors and shareholders can be same person.
Few easy steps to Incorporate An OPC
Information Check
We ensure that all the information provided, during the order process meets the requirements for registering a Company. We will contact you before preparation of incorporation documents, if required.
Name Check
Next, we conduct a preliminary name check to see whether the business name you have selected is available with Registrar of Companies/Registrar of Trademarks. Final approval of your business name shall be granted by the Registrar of Companies.
Documents Preparation & Filings
We prepare incorporation documents and send them to you for confirmation and signing. Upon receiving the signed documents, we will prepare necessary application form of Incorporation and file it with Registrar of Companies. Processing time varies upon state to state, but can be fulfilled within 7 -10 working days.
Certificate of Incorporation
The Registrar of Companies approves the Incorporation forms/documents and issue Certificate of Incorporation. We will mail/courier all the documents i.e., Certificate of Incorporation, Copy of Memorandum and Article of Association etc.
Post-Incorporation Steps
After receiving certificate of incorporation, you are ready to start your business. We will apply for Pan Number of the Company. We will further, advise you about other necessary license & permits which may be applicable for your business.
Advantages of One Person Company Registration
Limited Liability Protection
Directors and shareholder are not responsible to pay the debts of the company from their personal assets even if the company is declared insolvent. It has the words ‘OPC Private Limited’ as part of its name.
Never ending characteristic
Ever if the Shareholder or Directors go away from the company, “One person company” continues its existence.
Name of the Company is protected
After “Registering One Person Company” with the registrar of companies, the name of the company gets protected. Registrar of companies will not accept registration of another company, which is similar, identical or resembling with an existing name.
Separate Entity
A company being a legal person is distinct from its directors and shareholder. Creditors of the company cannot claim the debt, from the property of Directors and Shareholder.
Single person can start a company
An “One Person Company” can be incorporated by only one person as Individual.
No Criteria of minimum paid up capital
No minimum capital is required to start an "One person company".
Common Questions
A company shall need Capital to run a business, and therefore it can increase its capital in future according to the requirement of business.