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ONE PERSON COMPANY (OPC)

One Person Company is a new type of business entity that allows a single entrepreneur to operate a corporate entity with limited liability protection. RandL offers OPC registration from Rs.10,400/-

Note: Including Professional Fees and Government Fees

 

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Easily Register a ONE PERSON COMPANY (OPC)

Overview of ONE PERSON COMPANY (OPC)?

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, a OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in case the sole Director is disabled. 

Documents Necessary for the Registered Office

  • PAN card or passport
  • Passport, for NRIs and foreign nationals
  • Scanned transcript of driver’s license or voter’s ID
  • Updated gas or electricity invoice/bank account statement/mobile or landline phone invoice
    Specimen signature or impression
  • Passport-size photo.
    Please Note: The OPC director must self-attest to the first three documents. All paperwork for a foreign citizen or NRI must be notarized (if they are currently residing in India or a non-commonwealth country) or apostilled (if living in a commonwealth country at present).

Process for One Person Company Incorporation

  • Scanned transcript of current bank account statement/phone or mobile invoice/gas or electricity invoice
  • Scanned transcript of rental agreement written in the English language
  • Scanned transcript of a no-objection certificate from the concerned property landowner
  • Scanned transcript of property or sale deed printed in English (if the property is owned).

Note: Your registered office space needs to be a commercial premise; however, it can be the sole

Process for One Person Company Incorporation

  • Step 1: Check eligibility and documents
  • Step 2: Apply for DSC & DIN of all the directors
  • Step 3: Application for name reservation
  • Step 4: File Spice+ form for company incorporation
  • Step 5: Apply PAN and TAN for your new company
  • Step 6: RoC issues a certificate of incorporation with a PAN and TAN
  • Step 7: Open a bank account and start operation.

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Benefits of OPC Registration

01

Continuous Existence

Sole Proprietorships come to an end with the death of the proprietor. As an OPC company has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

 

02

Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.

03

Limited Liability

The directors’ personal property is always safe in a private limited company, no matter the debts of the business.