What is a One Person Company?

A One Person Company (OPC) is a type of private limited company registered under the Companies Act, 2013. This structure allows a single individual to form a private company, providing the benefits of limited liability and a separate legal entity. The company name will include "OPC Private Limited" or "OPC Pvt Ltd."

Benefits of One Person Company Registration

 

Limited Liability: Your personal assets are protected, ensuring that in case of business losses, your personal wealth remains secure.

 

Credibility:An OPC enjoys higher credibility than traditional proprietorship firms, with a Certificate of Incorporation issued by the government.

 

Continuous Existence: Unlike a sole proprietorship, an OPC continues to exist even after the director's death, as it is transferred to a nominee.

 

Separate Legal Entity: The company can acquire assets and incur liabilities independently of the owner, ensuring the owner's protection.

 

NRIs can Register OPC: Business decisions are made with the consent of all partners, ensuring collective agreement and mutual understanding.

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One Person Company Registration Process
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Step 1: Application for Digital Signature Certificate (DSC)As a fully digital process, obtaining a DSC is the first step. At BizMantra, we can help you acquire a DSC within 24 hours through simple document, video, and phone verification.

 

Step 2: Name Approval Name your company using the SPICe RUN form, ensuring it is unique and doesn’t conflict with existing company names. Use our name search tool for a quick check.

 

Step 3: Filing SPICe+ Form (INC-32)Once the name is approved, we’ll help you file the necessary company registration details, including Director Identification Number (DIN), PAN, and TAN applications.

 

Step 4: Filing e-MoA and e-AoA (INC-33, INC-34)Draft and submit the Memorandum of Association (MoA) and Articles of Association (AoA) digitally as part of the application.

 

Step 5: Issuance of PAN, TAN & Certificate of IncorporationAfter approval, your company’s PAN, TAN, and Certificate of Incorporation will be issued. BizMantra can also assist with opening a current bank account for your company.

Minimum Requirements for OPC Registration
 

Unique business name

 

No minimum capital requirement

 

Appointment of a nominee

 

Office address proof

Documents Required for One Person Company Registration
 

Passport size photographs

 

Copy of Aadhar Card or Voter ID

 

Copy of PAN Card

 

Recent Bank Statement (within two months)

 

Valid address proof (latest utility bill)

 

No Objection Certificate (for rented offices)

Documents You’ll Receive After OPC Registration
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Certificate of Incorporation

 

TAN of the Company

 

Articles of Association (AoA)

 

Memorandum of Association (MoA)

 

Director Identification Number (DIN)

 

Digital Signature Certificate (DSC)

 

EPF & ESIC registration documents

 

Company Master Data

One Person Company Registration Fees

At BizMantra, the total cost of registering an OPC in India starts at just ₹10,499, which includes:

 

Digital Signature: 3,000/-

 

Government Fee:1,500/-

 

Professional Fee:5,999/-

 

Total Cost:10,499/-

Total Time for OPC Registration

Typically, it takes 7-10 working days to complete the OPC registration process, depending on document verification by the Ministry of Corporate Affairs (MCA).

Get Your OPC Registered with BizMantra

 

Step 1: Contact us via call or contact form

 

Step 2: Submit the necessary documents

 

Step 3: Get your company registered within 7-10 days!

Why Choose BizMantra for One Person Company (OPC) Registration?
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At BizMantra, we strive to simplify the process of company registration, ensuring that entrepreneurs can focus on building their business rather than being bogged down by paperwork and legal formalities. Here's why BizMantra is the best choice for your OPC registration:

 

Expert Guidance: Our team of professionals has extensive experience in business registration and compliance. We offer personalized assistance every step of the way, ensuring a smooth registration process.

 

Affordable Pricing: With a transparent fee structure starting from ₹8,499, we provide the most competitive pricing in the market. No hidden charges, just clear and honest pricing.

 

Quick Turnaround:We understand that time is valuable. Our streamlined process ensures your OPC is registered within 7-10 working days, allowing you to start operations swiftly.

 

Lifetime Support: Beyond registration, BizMantra offers ongoing support, from compliance and annual filings to advisory services. We’re your long-term partner in business success.

 

Free Name Availability Check: Use our free company name availability tool to ensure your chosen business name is unique and aligns with regulatory requirements.

Common Challenges Faced During OPC Registration

While registering a One Person Company can be straightforward, entrepreneurs often face challenges. At BizMantra, we’re here to resolve these hurdles:

 

Name Rejection:Choosing a name that conflicts with an existing company can delay the process. BizMantra helps with thorough checks to avoid name rejection and ensures your name is approved on the first attempt.

 

Document Verification Issues: Incorrect or outdated documents can lead to rejection. Our team will guide you in preparing and submitting accurate documents, minimizing delays and rejections.

 

Understanding Legal Requirements: Not all entrepreneurs are familiar with the legal requirements of company registration. BizMantra simplifies these legal complexities, explaining everything in easy-to-understand terms, so you are always in the loop.

FAQ
1.What is a One Person Company (OPC)?

Answer: A One Person Company (OPC) is a private limited company that can be formed by a single individual, providing the advantages of limited liability and a separate legal identity.

2.Who can register a One Person Company?

Answer: Any Indian citizen or resident can register an OPC. NRIs can also register an OPC if they reside in India for 120 days or more during the financial year.

3.What are the key benefits of registering an OPC?

Answer: The key benefits include limited liability protection, enhanced credibility, perpetual succession, and the ability to operate as a separate legal entity.

4.What documents are required for OPC registration?

Answer: You will need passport-size photographs, a copy of your Aadhar Card or Voter ID, PAN Card, a recent bank statement, valid address proof, and a No Objection Certificate if renting an office.

5.How long does the OPC registration process take?

Answer: The OPC registration process typically takes 7-10 working days, depending on document verification by the Ministry of Corporate Affairs (MCA).

6.What is the cost of registering a One Person Company with BizMantra?

Answer: At BizMantra, the total cost starts at ₹10,499/- which includes digital signature certificates, government fees, and professional fees.

7.What happens after my OPC is registered?

Answer: After registration, you'll need to set up a current bank account, comply with annual filing requirements, and may also need tax advisory and accounting services.

8.Can I change my OPC to a private limited company later?

Answer: Yes, an OPC can be converted to a private limited company once it meets the necessary conditions as prescribed by the Companies Act.

9.Is there a minimum capital requirement for OPC registration?

Answer: No, there is no minimum capital requirement to register a One Person Company in India.

10.How does BizMantra assist with OPC registration?

Answer:BizMantra provides expert guidance throughout the registration process, helping with document preparation, filing, and ensuring compliance with regulations.