One Person Company (OPC) Registration

We make One Person Company registration online 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 OPC registration online services.  

Get your OPC registration done immediately with our OPC registration consultant!

What is OPC Company?

 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 average turnover of past three years should Rs 2 crore.
  • Over or acquired paid-up will be Rs 50 lakh and above

Before discussing benefits of an OPC, let's understand how it is different from other forms of business -

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Important Factors of Different Forms of Company

One Person Company (OPC)

Important Factors -
Incorporated under Company Act, 2013
Minimum One (one nominee in case of bankruptcy, death, etc) is required for fomation
Business owner has control over business
Duration of incorporation is 15 days

Limited Liability Partnership

Important Factors -
Incorporated under Limited Liability Act, 2008
At least two partners are required for fomation
Partners have control over business
Duration of incorporation is 12-15 days

Pvt Ltd Company

Important Factors -
Incorporated under Company Act, 2013
Minimum three directors are required for fomation
Stakeholders have control over business
Duration of incorporation is 12-15 days

Limited company

Important Factors -
Incorporated under Company Act, 2013
Minimum three directors are required for fomation
Stakeholders have control over business
Duration of incorporation is 15-20 days

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.

One Person Company Registration Process | OPC Registration Online Procedure | OPC Incorporation Process

Incorporation Through SPICe (without Filling RUN)

Apply for the OPC incorporation/ OPC registration online 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

Our OPC registration consultant will guarantee to provide you with our complete support throughout the process of one person company registration online.

Our OPC registration consultant will assist you in the process of documentation for OPC incorporation.

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

Our OPC registration consultant will assist you in finding the appropriate name of the company for OPC registration online.

Our OPC registration consultant will coordinate with officials for proper follow-ups and acknowledgment.

Our OPC registration consultant will ensure to provide you with the best possible solution to your concerns regarding One Person Company registration online.

A man assisting a woman in OPC registration

Conclusion

To culminate, one person company registration online 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 OPC registration consultant services for the past 8+ years which reflects that we are prominent in providing high-standard OPC registration online services.

Therefore, to avail of our services contact us immediately for OPC registration online/ one person company registration online.

Have Questions Regarding OPC Registration Online? 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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