One Person Company Registration


OPC is a unique concept of business registration, which helps small scale

entrepreneurs enter into Corporate Framework.



START A OPC

For Just Rs 11,999/- All-Inclusive

One Person Company Registration

One Person Company is a unique concept introduced by the Ministry of Corporate Affairs in order to encourage the small traders and entrepreneurs. With passage of time, the OPC mode of business organisation is all set to become the most preferred form of business organization especially for small entrepreneurs. The One Person Company concept holds a bright future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers.

Requirements For One Person Company



ONLY ONE SHAREHOLDER

A natural person, who is a citizen of India, shall be eligible for registering a One Person Company. Also the person should be resident of India, which means who has stayed in India for a period of not less than 182 days during the immediately preceding calendar year.

NOMINEE

The shareholder/owner of the company shall appoint another person as the nominee, who will become the shareholder in case of death or incapacity of the original shareholder. Only a natural person, who is an Indian citizen and resident in India, shall be a nominee for the sole member of a One Person Company.

NAME OF YOUR COMPANY

Naming your company is the crucial part; a company name has two parts Prefix and a Suffix. Prefix must be unique and different, while Suffix should reflect the business nature of your company. To know your name availability check yourself with Ministry of Corporate Affairs website under company name search.

REGISTERED OFFICE PROOF

When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. Proper registered office proof is mandatory for registering your company.

Documents required for company registration

Scanned copy of the following documents has to be provided by the promoters of the company

  • PAN card copy with Self attestation.
  • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.
  • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.
  • Latest passport size photo in jpeg.
  • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.
  • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.
  • Copy of No objection certificate from the owner of the property.
  • If owned property, copy of Sale Deed and Electricity bill is sufficient.
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Advantages of One Person Company

Frequently Asked Question

  • What is a One Person company ?

    A company registered by a single person, in which only one shareholder and Director will be present. Apart from that one nominee has to be appointed.

  • What are the requirements for starting a One Person Company?

    Minimum requirement:

    •   One person, who should be a Indian resident and not an Foreign national or NRI.
    •   Should start the company with minimum of Rs. 1 lac as paid up capital.
    •   Valid proofs have to be obtained by the person, who is going to start the company.
    •   Valid proof for the registered office of the company.

  • What is the minimum number of Directors required?

    Minimum 1 Director is required for registration of an OPC.

  • What is the maximum number of Director can be appointed in an OPC?

    Maximum 12 directors can be appointed by an OPC.

  • Is there any condition for choosing a name?

    There is a simple rule have to follow during choosing a name that the name should not be similar with any name registered previously and should be related to the business of the company.

  • Who are not eligible to register an OPC?

    • Minor – A minor cannot even hold beneficial interest in OPC.
    •   Foreign National.
    •   Overseas Citizen of India.
    •   Non Resident Indian.
    •   Company/LLP/Body Corporate.

  • Whom can I appoint as Nominee?

    Nominee should be any Resident of India. The term "resident in India" means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one calendar year.

  • How many types of OPC are there?

        There are 3 types of OPC’s –
    •   A company limited by shares
    •   A company limited by guarantee
    •   An unlimited company

  • Is it possible for me to convert OPC into Private Limited Company?

    Yes you can, if an OPC has the following requirements:

    •   Paid up share capital should exceed Rs 50 Lakhs or more.
    •   Annual average turnover should not exceed Rs. 2 Crores in three immediate preceding consecutive years.
    •   An OPC which has completed two years from the date of incorporation, can apply for converting itself into a Private Limited Company.

  • What happen if I fail to convert my OPC?

    One Person Company shall be required to convert within 6 months from the date on which the criterion become infringed in a private limited company or a public Company.

4 Step Process to Register your Company

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Starting A Business

Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact dobizindia for all the advice you need. We assure you of great service at a reasonable price.

Intellectual Property

In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At dobizindia, we are well equipped to handle all your IP requirements. We perform trademark registrations in just three days, can file a copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.