One Person Company (OPC) Incorporation in India

One Person Company (OPC) Incorporation Information

OPC or One Person Company name list is recently introduced in the year 2013. As the name suggests it is for those who want to start a company as a single owner or promoter. It enables the promoter to carry out the business activities within the corporate framework, unlike sole-proprietor.

Process of OPC Registration India

• Step 1: Apply for DSC
• Step 2: Apply for DIN
• Step 3: Application for Name Approval
• Step 4: All other Required Documents
• Step 5: Filing Forms with Ministry of Corporate Affairs (MCA) Step 6: Issue of Incorporation Certificate

Note: For Name approval application the applicant is not required to obtain DSC and DIN. The applicant can do this by logging into the MCA Portal.

List of Documents Required

1. Objective Of the Company.
2. Basic Detail of the Applicant such as Educational Qualification, Address Proof, Contact Number, Birth Place, and e-mail ID.
3. Bank Statement or Utility bill of the Proposed director (Not older than 2 months).
4. Self Attested copy of ID Proof (Passport/AADHAAR/Voter ID).
5. Address proof of registered office:

• Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
• Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner

6. DSC of the proposed Director

Advantages of One Person Company (OPC)

1. Limited Liability Protection to the promoter or director
2. Easy sanction of loan from bank
3. Complete control of the company with the single owner
4. Less burden of obligation when compared to Private and Public company as the following things are not required:

• Conducting Annual General Meeting (AGM) or Extra-Ordinary General Meeting
• Quorum of board meeting

5. Perpetual Succession (OPC is an artificial entity distinct from its owner)