The concept of OPC was introduced by MCA in 2013 to support individual company owners. Entrepreneurs who are capable to manage their company single-handedly can take the advantage of corporate laws. Just like other companies an OPC will be considered as a separate legal entity and will offer limited liability protection to its only shareholder.

To register a One Person Company (OPC) only 1 owner is required, the owner can act as both the shareholder as well as a director of the company. The company will be allowed to have more than 1 director, but it is not allowed to have more than 1 shareholder.

What is One Person Company (OPC) Registration?

If a company is registered as an OPC, a single owner will gain complete authority over the company. This as a result will restrict his/her liability towards the contributions to the enterprise. Therefore,the owner will be declared as the sole director and shareholder (please note, a director nominee will be present the entire time, but he/she will have zero power until the real director will be proved as incapable of managing the firm).

Mandatory Documents Required For One Person Company Registration

To Be Given By One Person Company Director

Scanned transcript of Passport (Foreign Nationals & NRIs) or PAN Card

Scanned passport-sized photo

Scanned transcript of Passport, Voter’s ID or Driver’s License

Specimen autograph or impression (blank document with autograph)

Scanned transcript of Current Bank Account Statement

Scanned Transcript of Phone or Mobile Invoice/Electricity or Gas Invoice

The OPC director should self-attest the first three documents. If an NRI or a foreign national, all the document sheets should be notarized (if at present in India or a non- Commonwealth nation) or apostilled (that is, living in a Commonwealth country).

Documents Necessary For The Registered Ofiice

Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice)

Scanned transcript of Property or Sale Deed printed in English (if the property is owned)

Scanned transcript of Rental Agreement written in the English language

Scanned transcript of N-0 or No-objection Certificate from the concerned property landowner

Your office space which is registered can be a commercial area or it can be your house of residence as well.

Benefits of OPC Registration

Limited Liability

The directors’ personal property will always be safe in a registered OPC company, the debts of the business can’t have any effect on the personal assets of the owner.

Continuous Existence

Sole Proprietorships most of the times dies with the death of the proprietor. An OPC company will always have a separate legal identity. Hence; the company will pass on to the registered nominee director and, therefore existence of the company wont be harmed.

Greater Credibility

As an OPC will be a registered company and it will have its books audited annually, so it will increase the credibility among lending institutions and vendors.

FAQs on One Person Company Registration

A person/ Businessman/woman who owns a business single-handedly can register his/her firm as an OPC.
Following are the requirements you need to register your company as an OPC: One Person Company PAN Application Appointment of legal auditor The OPC Bank Account The financial statements Security allotment
The minimum authorized capital of 1 lakh INR is enough to start an OPC. Also; there is no minimum paid-up capital. It can be as low as 2 INR.
Following are the charges you need to pay while registering your OPC: DIN (1 Nos): Rs.500 RUN Form: Rs.1000 AoA: Rs.1000 (up to Rs.10 lakh of authorized capital) MoA: Rs.1000
The One Person Company can have a maximum of 15 directors.
No, One person is allowed to incorporate only one OPC. The same rule applies for nominee too, one person can’t be a nominee of two OPC.