One Person Company (OPC) Registration

We make One Person Company registration easier for an individual while offering flexibility and adaptability. Moreover, our clients are most important for us, which is why we invest our sustain efforts in providing what you need, i.e., high-standard services.  

Get your OPC registration done immediately with our experts!

What is One Person Company (OPC)?

 According to Section 2(62) of the Companies Act, a one-person company is a company that comprises only a single person as to its member. In an OPC, an individual promoter has complete authority over the firm. 

Thus, an individual would be the shareholder and director (though, the nominee of the director would be present with no authority until the real director fails to get into the contract).

Apart from this, OPC private limited companies have to obey specific rules and regulations that are mentioned in the Memorandum of Association (MoA) and Article of Association (AOA) which provides the guidelines for mutual rights and duties.

When a one-person company has to be converted into a private limited company or a public limited company?

An OPC has to convert into a private limited company or public limited company when

  • Its annual hattrick turnover will be Rs 2 crore.
  • Over or acquired paid-up will be Rs 50 lakh and above

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Benefits of One Person Company Registration

OPC is a separate legal entity which means it has similar rights to a person. For instance, it can enter into a contract, sue someone as well as can be sued.

OPC will continue to exist despite the death, bankruptcy, change in membership, etc.

This form of company is appropriate for small businesses.

Provides tax pliability to the business.

It is unchallenging to manage an OPC.

Provide complete control of the company to a person.

A woman managing an OPC

Documents Required For OPC Registration

Memorandum of Association (MoA) and Article of Association (AOA).

You are required to appoint a nominee, in case the director and member dies or is unfit to execute his duties. For this, the permission of the director or member would be required in Form INC-3 along with PAN and Aadhar card.

You are required to submit the declaration and consent from the director in Form INC-9 and DIR-2, respectively.  

Proof of the principal office along with evidence of ownership and NOC of the owner.

A declaration certification by the professional reflecting that all the compliance has been completed.

The Process of One Person Company Registration

Incorporation Through SPICe (without Filling RUN)

Apply for the OPC incorporation through Simplified Proforma for Incorporating Company electronically (SPICe) (INC-32) which will provide five major benefits to the stakeholders, i.e., name reservation, allotment of Director Identification (DIN), company incorporation, allotment of PAN, and TAN.

Along with filling the form, affix eMoA (INC-33) and eAOA (INC-34). However, if eMoA and eAOA are not available, you are required to submit the PDFs of MOA and AOA.

Note- No need to reserve the company name individually, because you can apply for a company name through SPICe (INC-32).

Incorporation Through SPICe (with RUN)

  • Fill an application for name approval of the company. And to check the availability of the name RUN service must be used.
  • As the name of the company approves, fill SPICe form for the OPC incorporation within 20 days of data consent from the RUN.
  • If the correspondence address and registered office address are not the same, you are required to fill the form INC-22 in the next 30 days after SPICe form registration.

Our Role in One Person Company Registration

We will guarantee to provide you with our complete support throughout the process of registration.

Our expert team will assist you in the process of documentation.

Our OPC consultants will help you keep the track of your application.

Our expert team will assist you in finding the appropriate name of the company.

We will coordinate with officials for proper follow-ups and acknowledgment.

We will ensure to provide you with the best possible solution to your concerns.

A man assisting a woman in OPC registration

Conclusion

To culminate, one person company registration could be perplexed which could further result in a delay in the registration process. That being so, it will only affect the owner of the firm/company.

Thus, to avoid such consequences you need professional assistance which JR Compliance can provide you. We have been providing our exemplary services for the past 8+ years which reflects that we are prominent in providing high-standard services.

Therefore, to avail of our services contact us immediately.

Have questions? We've got answers.

When a one-person company has to be converted into a private limited company or a public limited company?

An OPC has to convert into a private limited company or public limited company when

  • Its annual hattrick turnover will be Rs 2 crore.
  • Over or acquired paid-up will be Rs 50 lakh and above

Additionally, under the above-mentioned circumstances, an OPC needs to convert into a private limited company or a public limited company within 6 months.

Why is OPC an appropriate form of business?

OPC is an ideal form of business for the individual who wants to have complete control over the business as well as if a person wants to enjoy limited liability can commence the same. Thus, the person does not have to risk his personal assets.

Who is eligible to act as a member of the One Person Company?

A natural person who is an Indian resident of India or an Indian Citizen is eligible to act as a member and nominee of a one-person company.

Who is not eligible to form a One-Person Company?

Following are not eligible to form an OPC,

  • A minor (an age which legally distinguishes childhood from adulthood).
  • A foreign citizen (Non-Indian Resident).
  • An individual who is declared unfit by contract.

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