One Person Company Registration

Do you want to turn your sole proprietorship dream into reality? My Biz Development provides technology-driven legal services to individuals and businesses. If you are looking to register one person company, our experts can provide comprehensive assistance from filing to registration of the company at affordable prices.

Eligibility Conditions for One Person Company Registration In India

• Only natural person who is an Indian citizen is eligible for registering an OPC.
• The person should be atleast18 years old
• He/she cannot be a nominee of more than one OPC
• He/she must not have been disqualified under the Companies Act 2013
• A minimum authorized capital of Rs 1,00,000 is required for incorporating it
• The individual must appoint a nominee who is an Indian citizen and resident of Indi
• The promoter of the OPC should be resident in India, which means they have resided in India for at least 182 during previous calendar years.
• The promoter of the company should appoint a nominee during the OPC registration process.
• Banks and financial institutions are prohibited from forming OPC.

Advantages of a One-Person Company (OPC)

• It has limited liability that protects the owner’s assets from any claims or lawsuits from business.
• There are less regulatory requirements for an OPC compared to other forms of companies.
• As OPC attains legal status under the Companies Act, it increases its credibility and reliability.
• It has ability to raise funds through venture capitalists, financial institutions and more

Documents Required for OPC Registration

Identity Proof

• Aadhaar card
• Passport,
• Voter ID,
• Driving license.

Address Proof:

• Utility bills,
• Rental agreements
• Any other government-issued documents considered for address proof

Photographs:

Passport-sized photographs of the the nominee.

No Objection Certificate (NOC):

Memorandum of Association (MoA):
Articles of Association (AoA):
Digital signature of the sole member

Checklist for One Person Company Registration in India

• Select a unique name valid as per existing laws
• Obtain digital signature
• Prepare MoA and AoA:
• Collect all documents and file e-Form INC-1
• Get name reservation through MCA portal.
• Complete e-Form INC-32
• Complete e-Form INC-22

Procedure and Timelines for One-Person Company Registration

Name Reservation:

Get name reservation through e-Form INC-1. This takes approximately 1-2 days.

Document Submission:

Submit forms (INC-32, INC-22, DIR-12) along with the MoA and AoA. It may take around 5-10 days to process it.]

Issuance of Certificate of Incorporation:

After the approval of Registrar of Companies (RoC), you will get a Certificate of Incorporation for OPC,.

If you want to get one person company registered, but don’t know how, get in touch with us for complete assistance. From filing documents to getting your company registered, we do it all, so you can focus on more important aspects of your business.

My Biz Development is engaged in simplifying the complex OPC registration process for its clients. Get started with One person company online registration today