An OPC is the newest form of business in India introduced for the first time by the Companies Act, 2013. Only one person is needed to start a company. However, a nominee needs to be nominated. To start an OPC you should check below sections describing eligibility requirements and detailed stepwise procedure.The OPC is suitable for small businesses where the turnover is not likely to cross Rs. 2 Crores and the maximum amount of capital to be invested is limited to Rs. 50 Lac. An OPC can have more than one director. However one of them must be an Indian Resident. The main limitation of OPC form of company is that only an Indian Citizen can open an OPC Company and FDI is not allowed in one person company.
Minimum Requirements of One Person Company
- Only One Person Required - An OPC can be registered in India, by only one person, who shall act as the directors/shareholders of the company. The maximum number of directors of an OPC is 15 and the number of shareholder cannot go beyond one.
- Resident Director - One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.
- Unique Name of Company -The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.
- Capital Requirement - Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
OPC Registration in India Packages
Basic Package ₹8,399/- Order Now
- DSC for One Promoter/Directors
- DIN for One Promoter/Directors
- Name approval of the company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN & TAN Number for the Company
Silver Package ₹13,399/- Order Now
- Everything from the Basic Pack +
- Dedicated Account Manager
- Bank Account Opening Support
- Filing of INC-20A
- GST Registration
- MSME Registration
Gold Package ₹24,399/- Order Now
- Everything from the Premium Pack +
- Issue of Share Certificates
- Franking of Share Certificate
- Appointment of First Auditor
- TDS Return filing for First Year
- GST Return filing for First Year
Documents Required For OPC Registration
Documents of Shareholders/Directors -
- Two Colour Photographs of Each Promoter
- PAN Card of Each Promoter
- Adhar Card of Each Promoter
- Identity Proof (Voter ID / Driving License/ Passport)
- Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Registered Address Related Documents
- Utility Bill as Proof of Registered Address
- NOC From the owner of the premises
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