One Person Company (OPC) registration. Consult Value offers assistance and consultation about the integration of OPCs. Learn about eligibility, the procedure, the cost, the timeframe, and the list of documents needed to set up OPCs by speaking with one of our knowledgeable consultants over the phone.
Overview of One Person Company (OPC) Registration
| Government (ROC) Fee | The government fee for One Person Company (OPC) Registration depends on three factors. Our experts will help you calculate the cost of OPC Incorporation in India. The factors affecting cost are as follows: Number of Directors Authorised Capital State of Proposed Registered Address |
| Timeline | 3-7 Working Days after complete documentation. |
| Eligibility | Shareholders: Only One. Directors: 1 To 15. A Registered Address Unique Name Adequate Capital (No Min or Max Limit) |
| Stepwise Process | Stepwise Process of OPC Incorporation Make Digital Signature Choose New & Unique Name Prepare MOA, AOA & Declarations Submit the Spice Plus form to ROC Issue of Certificate of Incorporation |
| Documents Required | Documents Required to Register OPC Company. Passport size colour photo PAN Card (Mandatory) Identity Proof of Directors and Shareholder Proof of Residence of Directors and Shareholder Proof of Registered Office Address NOC from the owner of registered office premises |
| How we help you! | Eligibility Check & Advisory Name Availability Search Drafting of the Main Object Drafting of MOA & AOA Tax Advisory IPR Protection |
Get started with OPC Incorporation in India
You must first comprehend what a one-person corporation is before you can register it in India. A Private Limited Company established under the Companies Act of 2013 is known as a One Person Company, or OPC. One shareholder owns all of it and is entitled to a 100% profit share. Therefore, a one-person business can be your best option if you do not want to share ownership!
Important Points
- Single-owner
- Limited Liability
- Distinct Management Structure
- Entitlement to 100% Profits
- Perpetual Succession through Nominee
Eligibility Criteria for OPC Incorporation
- Single Shareholder
The shareholder may be an individual capable of entering into a contract or legal entity.
- 2 to 15 Director
The directors are responsible for overseeing the operations and ensuring compliance.
- One Resident Director
One director must be a resident of India and stay there for at least 120 days.
- Unique Name of Company
The company name must be unique and distinct from others, whether a company or LLP.
- Pre-Defined Capital
No minimum capital level is prescribed. However, the incorporation fee is based on capital.
- Legal Object of Activity
The proposed business activity of the LLP must be Legal and well-defined in the LLP Agreement.
Only Indian Citizens can incorporate OPC in India.
It is explicitly stated under Section 2(62) of the Companies Act, 2013 and Rule 3(1) of the Companies (Incorporation) Rules, 2014 that an OPC’s shareholders must be “natural persons” who are citizens of India. As a result, a foreign national cannot start a one-person business. Before 2021, an OPC’s lone member had to be an Indian national who lived in India. This required the individual to have spent a minimum of 182 days in India during the preceding fiscal year.
The residency restriction was loosened by the Companies (Incorporation) Second Amendment Rules, 2021, which permitted Non-Resident Indians (NRIs) to form OPCs in India. Regarding nationality, the current situation is as follows.
| Indian Citizens | Foreign Nationals |
| An Indian Citizen, regardless of their residential status (resident or non-resident), can incorporate an OPC in India. | Foreign Citizens/nationals cannot incorporate OPC in India. |
List of Documents For OPC Incorporation
We at Consult Value, seasoned advisors with a focus on business registration, understand the importance of documentation in enabling a smooth and fruitful One Person business registration procedure. We have prepared a thorough table below that lists all the necessary paperwork for the incorporation process in order to make things easier for our clients.
Director & Shareholders Documents
- Passport size colour photo
- PAN Card (Mandatory)
- Proof of Identity (any one of the below)
- check
- Passport
- check
- Aadhar Card
- check
- Driving License
- check
- Voter ID
- Proof of Residence (Any one of the below)
- check
- Bank Statement
- check
- Electricity Bill
- check
- Gas Bill
- check
- Telephone Bill
- check
- Mobile Bill
Proof of Registered Office Address
- Proof of Property Ownership
- Electricity Bill
- Telephone Bill
- Gas Bill
- Mobile Bill
- NOC from the Owner of Premises
- Address proof for the promoter and registered office premises should be latest bill. In any case, older than 60 days are not acceptable. The bill must have the full name and complete address on it.
Process for OPC Registration in India
The OPC Registration Process is completed by following a series of steps. We have listed below the logical steps required for setting up your business as a single-owner company, a “One Person Company.
Step-1 : Documentation for OPC Incorporation
Getting all required paperwork ready is the first step in the One-Person Company registration procedure. You will require the promoters’ basic KYC documents as well as the registered office documents in order to register for OPC in India. For comprehensive information, consult the aforementioned document list. Additionally, make sure the promoters have their Class 3 digital signing certifications on hand because the application will be signed digitally.
Step-2 : Select a name for your one-person company
Choosing a suitable name for the OPC in accordance with MCA regulations is the next stage in the OPC Registration procedure. Once you have chosen a name, you need to have the ROC approve and reserve it. To do this, submit an application to the ROC using PART A of the SPICE Plus form. The OPC must be incorporated within 20 days of the name being reserved, which is its validity period.
Step-3 : Drafting of MOA and AOA for Incorporation
The AOA is the company’s set of internal rules and regulations, while the MOA is the one-person company’s constitution. The one-person company registration process requires the submission of certain crucial OPC papers. Therefore, be sure that these are prepared in advance using the proper legal format. After paying the appropriate stamp duty, each shareholder is required to sign and have them stamped by a public notary.
Step-4 : Filing application for OPC Registration Online
You can finally submit the SPICe+ application for OPC incorporation online if all the drafts and documentation are prepared. The required drafts and documents must be uploaded in digital format together with the form. Lastly, the authorized director can use his class 3 Digital Signature Certificate to sign the document. A practicing professional, such as a CA, CS, CMA, or High Court Advocate, further certifies the form.
Step-5 : Issue of Certificate of Incorporation
The SPICE Plus application is submitted and then delivered to the Registrar of Companies’ (ROC) office. The ROC verifies the authenticity and correctness of all the information and documents supplied. The ROC authorizes the application and moves forward with the OPC Company Registration procedure if it is pleased with the submissions. It issues a Certificate of Incorporation in its name and registers the OPC.
What is One Person Company Registration Fees in India?
For one-person businesses, the registration fees are based on the business’s notional share capital. However, registration fees are only one part of the whole expense. The total cost of OPC registration in India is influenced by a number of other factors. These include the following:
Cost of Digital Signature:
The OPC Company Registration form is signed by one of the company’s authorised directors. For this, he uses his class 3 Digital Signature. We provide Class 3 Digital Signatures for all promoters of the OPC.
DIN of Directors
All Directors of the OPC must possess their DIN or Director Identification Numbers. DIN is a mandatory information to be submitted by all directors in OPC registration form.
Stamp Duty Payment:
Documents like MOA and AOA submitted during OPC registration must be stamped and notarised. Stamp Duty applicable in the jurisdiction must be paid for this purpose.
Name Approval:
The Cost of Name Approval is also an important factor contributing to the overall cost of OPC registration. This cost is fixed at Rs.1,000 per application
Benefits of a One Person Company Registration
A One Person Company should be your obvious choice if you plan to register as a single person company! Are You Wondering Why? To find your answer, go through the table below, which provides a detailed explanation of each OPC advantage. OPC has many advantages, including limited liability and sole ownership control. They cover all parties involved, including directors, creditors, and customers, in addition to the owner.
Benefits of a One Person Company Registration
A One Person Company should be your obvious choice if you plan to register as a single person company! Are You Wondering Why? To find your answer, go through the table below, which provides a detailed explanation of each OPC advantage. OPC has many advantages, including limited liability and sole ownership control. They cover all parties involved, including directors, creditors, and customers, in addition to the owner.
Sole Ownership- The single shareholder is entitled to pocket all the profits of the company.
Limited Liability- The liability of the sole owner is restricted to his subscribed capital only.
Easy Credit Facilities- Banks and Financial Institutions prefer to lend to legally registered entities
Easy to incorporate- The process of incorporation is extremely simple and 100% online
Smooth Management- The sole shareholder exercises full control over decision making in an OPC.
OPC vs Sole Proprietorship
In India, sole proprietorships and OPCs are both types of enterprises with just one owner. However, for a single entrepreneur, OPC is unquestionably a preferable option for a number of reasons. These consist of limited liability, unique legal identity, ease of incorporation, and so forth. A thorough and in-depth analysis of the two companies’ advantages and disadvantages is presented in the table below. It is sufficiently perceptive to assist you in making an informed decision.
| One Person Company (OPC) | Sole Proprietorship |
| Merits (Pros) Distinct Legal Identity Limited Liability Separate Management Structure Perpetual Existence No Sharing of Profits Transparent Operations Easy to Incorporate Demerits (Cons) Limited Investment Potential Greater Compliances FDI Not Permitted Restricted Business Operations (OPCs cannot carry out Non-banking financial activities) | Merits (Pros) Easy to Set Up No Requirement of Formal Incorporation No Sharing of Profits Lesser Compliances Full Control Over Management Demerits (Cons) No Distinct Identity Unrestricted Liability No Separate Management Structure Limited Investment Potential Limited Investment Potential Limited Period Existence FDI not Permitted Cannot Get Recognised as Startup by the DPIIT |
