One Person Company(OPC) Registration

Register Your One Person Company

A one-person corporation (OPC) is a business that has only one owner. Before the Companies Act of 2013 took effect, corporations could only be formed by two people. An individual could only establish a sole proprietorship if they wanted to open a business because a company could only be established with a minimum of two directors and two members.

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Zoho
Odoo
Razorpay
Tally
Petpooja
Amazon Web service
Flyingcolour
Shopify

Overview

An Overview of One Person Company

Natural Person and Indian Citizen

Only a natural person who is an Indian citizen can establish an OPC. Legal entities like companies or LLPs cannot create an OPC.

Resident in India

The promoter must be a resident in India, meaning they should have lived in India for at least 182 days during the previous calendar year.

Restrictions on Certain Businesses

Businesses involved in financial activities such as banking, insurance, or investments are not eligible for OPC company registration.

Easy Fundraising

Being a private company, OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms.

Perpetual Succession

OPCs maintain perpetual succession, ensuring the company's continuity even with only one member.

Why DreamFirm

Why Choose DreamFirm for Registering a One-Person Company in India?

50,000+

Businesses Served by DreamFirm

1000+

OPC's Incorporated

100%

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Documents Needed-:

With DreamFirm, registration of a one person company in India is just a few clicks away

✔️Passport or PAN card

✔️For NRIs and foreign nationals, a passport

✔️Scanned copy of a voter ID or a driver’s licence

✔️Updated gas or electricity bills, bank account statements,

✔️Phone bills for mobile or landlines

✔️Signature or impression that is a sample

✔️Passport size pictures.

Benefits Of An OPC

Here's The whole process

Process - Using DreamFirm for OPC Registration Process

01

Step 1-: Obtaining DSC

Obtaining the proposed director's Digital Signature Certificate (DSC) is the first stage, which necessitates the submission of the following documentation: proof of address, a PAN card, an email address, and a phone number.

02

Step 2: Request a DIN

The Director Identification Number (DIN) of the intended Director must be requested in the SPICe Form together with documentation of the director's name and address once the Digital Signature Certificate (DSC) has been created. The option is only accessible to companies that already exist (Form DIR-3). It says the applicant is excused from filing form DIR-3 individually starting in January 2018. Using the SPICe form, up to three directors may now request a DIN

03

Step 3: Apply for name approval

Choosing a company name is the next stage in incorporating an OPC. The business name has to be authorised in the form SPICe+ 32. The business name has to adhere to the rules and regulations. If the name is turned down, submit a different name by submitting a second Form SPICe+ 32 application. We proceed to the following phase as soon as the MCA approves the name.

04

Step 4: Applying to the MCA

It is the last step in the procedure. All the required documents including the digital certificates of the directors have to be presented to the MCA. As soon as the company is registered both the TAN and PAN number are generated and passed down to the applicant successfully. There is no procedure to provide separate applications for these two numbers.

FAQ'S

OPC Registration FAQ's

An OPC, or One Person Company, is a unique business structure in India that allows a single individual to operate as a company, combining the advantages of a sole proprietorship with the legal protection of a private limited company.

The concept of OPC was introduced under the Companies Act of 2013.

The primary objective of OPC registration is to promote entrepreneurship and encourage the formalization of Micro, Small, and Medium Enterprises (MSMEs).

To register an OPC, you must be a natural person and an Indian citizen, resident in India for at least 182 days during the previous calendar year. The OPC must have a minimum authorized capital of Rs 1,00,000, and a nominee must be appointed.

Advantages include limited liability, easy fundraising, reduced compliance, simple incorporation, efficient management, and perpetual succession.

Yes, disadvantages include suitability primarily for small businesses, restrictions on certain activities, and a potential lack of clear distinction between ownership and management.

Register Your One Person Company

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