One Person Company(OPC) Registration in India

- Complete Guide

What isOne Person

Company (OPC)?

OPC is a Private Limited Company with One Person ownership similar tothat of a sole proprietorship firm.

This is the first time in entrepreneurial history of India, a single person canown a corporate entity.

Lets see why One Person Company (OPC) is a game changer for IndianStart-ups.

ThisPresentation

Includes

Preliminary StepName Application StepIncorporation Step &Post Incorporation Step

Also explained:- Eligibility Criteria- Minimum Requirements

Step #1Preliminary

IncludesStep

Proving documents by the Promoters

Signing of documents by the Promoters

Application for DIN & Digital Signature

Step #2Name Application

Step Includes

Preparation of customized Main Object clause for your company, nowwhat is a Main object, In simple words main object is a one paragraphpreamble which indicates the nature of your business.

After this, a detailed online search on MCA & Trademark database isconducted so as to check for availability of names for the Company

Once the final name and main object is confirmed, application for nameto the ROC.

Step #3Incorporation

Step Includes

Preparation of MOA (Memorandum of Association) & AOA(Memorandum of Association). The MOA & AOA gives details aboutthe operation of the Company.

Filing of Incorporation documents with the ROC office and getting anIncorporation Certificate.

Step #4Incorporation

Step IncludesPostPaid up Capital to be brought by the Shareholder into Company(with in 180 days (6months) from the date of Incorporation)

Application for Commencement of Business Certificate to ROC office

Obtaining Commencement Certificate

Eligibility

CriteriaOnly Natural Person can incorporate an OPC(Company, LLP or corporate entities cannot Incorporate OPC)

Only Indian Citizens residing in India can be Shareholder orNominee of OPC

An Individual can be subscriber to only one OPC

An Individual can be nominee to only one OPC

Minimum

RequirementsMinimum 1 Shareholder

Minimum 1 Director and Maximum 15

The director and shareholder can be same person

Minimum 1 Nominee

Minimum Share Capital shall be Rs. 1 Lac (INR One Lac)

DIN (Director Identification Number) for all the Directors

DSC (Digital Signature Certificate) for all the Directors

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