One Person Company Registration | OPC Registration Procedure | Tax on Track

One Person Company

The concept of One Person Company in India was introduced to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. 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.

The OPC business helps Startup Entrepreneurs to easily test their business model, and upon building a marketable product, they can approach Angel investors, Venture capitalists for funding and easily convert their OPC into multi shareholder Private Limited company. OPC is an extened form of properitorship with wider scope.

OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.

Procedure

For One Person Company Registration

  • Arrange basic documents of Directors
  • Obtain DSC and DIN for Director of OPC
  • Approval of Name and submission of Forms
  • Tax on Track will File SPICe (INC-32) or Incorporation Docs with ROC
  • Get your Company Incorporation Certificate

Minimum Requirements

For One Person Company Registration

  • Copy of PAN Card of director
  • Passport size photograph of director
  • Copy of Aadhaar Card/ Voter identity card
  • NOC From the Owner of The Property (Format will be provided by us)
  • Electricity/ Water bill (Business Place)(NOT OLDER THAN 2 MONTHS)

What All You Get

with your One Person Company

DSC for 1 Director
DIN for 1 Director
Memorandum of Association(MOA) and Article of Association(AOA)
Registration of Company and Certificate of Incorporation
PAN, TAN and GST Registration of Company