Why IndiaFilings for OPC Registration Online?

Read Time:5 Minute, 28 Second

IndiaFilings is the ideal partner for OPC registration online for several compelling reasons. With years of expertise in company registration and a deep understanding of the regulatory landscape, IndiaFilings simplifies the often complex OPC registration process. Our one person company registration fees are designed to be affordable while providing exceptional value, ensuring a seamless experience from start to finish.

We offer expert guidance, from name reservation to document preparation and submission for effortless OPC company registration. Our commitment to accuracy and compliance guarantees that your OPC registration process adheres to all legal requirements, while our dedicated support team is readily available to address any queries or concerns you may have. With our transparent one person company registration fees, you can trust IndiaFilings to deliver reliable and professional service tailored to your needs.

Get started now and embark on your entrepreneurial journey with confidence!

Post-Incorporation Formalities for OPC

Following the successful incorporation of a One Person Company (OPC), specific compliance formalities must be adhered to, akin to those applicable to private limited companies. Our experts are ready to assist you in fulfilling OPC compliance requirements, ensuring that your business remains in full legal compliance.

Search Business Name Search Trademark

Check Business Name Availability

Find if business name can be registered with MCA in IndiaSearch

To register a company in India, the first step is to obtain name approval for the business from the Ministry of Corporate Affairs (MCA). This process takes about 24-48 hours. A private limited company name in India must end with the words private limited. One Person Company ends with (OPC) private limited. LLP end with LLP and Section 8 companies can end with words like foundation, association or institution.

A company name proposed to be registered cannot be identical or similar to an existing company name. Also, every company name must include a word that denotes the activity undertaken. For example, in VERVE Financial Services Private Limited – Financial Services denote the activity undertaken. Check Business Name Availability.

Proprietorship vs Limited Liability Partnership (LLP) vs Company

Features	Proprietorship	Partnership	LLP	Company
Definition	Unregistered type of business entity managed by one single person	A formal agreement between two or more parties to manage and operate a business	A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company.	Registered type of entity with limited liability to the owners and shareholders
Ownership	Sole Ownership	Min 2 PartnersMax 50 Partners	Designated Partners	Min 2 DirectorsMin 2 ShareholdersMax 15 DirectorsMax 200 ShareholdersFor One Person Company1 Director1 Nominee Director
Registration Time	7-9 working days
Promoter Liability	Unlimited Liability		Limited Liability
Documentation	MSME GST Registration	Partnership Deed	LLP DeedIncorporation Certificate	MOA AOA Incorporation Certificate
Governance	–	Under Partnership Act	LLP Act, 2008	Under Companies Act,2013
Transferability	Non Transferable	Transferable if registered under ROF	Transferable
Compliance Requirements	Income tax filing if turnover is more than Rs.2.5 lakhs	ITR 5	Form 11 Form 8 ITR 5	ITR 6 MCA filing Auditor’sappointment Know More

Documents Required For OPC Registration

PAN Card Aadhaar Card Recent Utility BillBusiness Place

Passport MOA Subscriber Sheet Specimen

Voters Identity Card AOA Subscriber Sheet NOC from Landlord

Ration Card Passport Size Photo Name Significance Letter

Driving License

OPC Registration FAQ’s

What is an OPC, and how does it differ from other business structures?

An OPC, or One Person Company, is a unique business structure in India that allows a single individual to operate as a company, combining the advantages of a sole proprietorship with the legal protection of a private limited company.

When was the concept of OPC introduced in India?

The concept of OPC was introduced under the Companies Act of 2013.

What is the primary objective of OPC registration?

The primary objective of OPC registration is to promote entrepreneurship and encourage the formalization of Micro, Small, and Medium Enterprises (MSMEs).

What are the eligibility criteria for OPC registration?

To register an OPC, you must be a natural person and an Indian citizen, resident in India for at least 182 days during the previous calendar year. The OPC must have a minimum authorized capital of Rs 1,00,000, and a nominee must be appointed.

Can an OPC engage in financial activities like banking or insurance?

No, an OPC cannot engage in financial activities like banking, insurance, or investments.

What happens if the OPCs paid-up share capital exceeds 50 lakhs or its annual turnover exceeds 2 Crores?

In such cases, the OPC must be converted into a private limited company to comply with regulatory requirements.

How many OPCs can an individual establish?

An individual can establish only one OPC.

Can an OPC have a minor as its member?

No, an OPC cannot have a minor as its member.

What are the advantages of registering an OPC?

Advantages include limited liability, easy fundraising, reduced compliance, simple incorporation, efficient management, and perpetual succession.

Are there any disadvantages to registering an OPC?

Yes, disadvantages include suitability primarily for small businesses, restrictions on certain activities, and a potential lack of clear distinction between ownership and management.

What is the registration process for an OPC in India?

OPC registration is done through the SPICe+ form, involving obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), name reservation, preparation of MOA and AOA, filing forms, and obtaining a Certificate of Incorporation.

What documents are required for OPC registration?

Required documents include MOA, AOA, nominees consent, proof of registered office, declarations, and a compliance certificate.

What is the significance of obtaining a Digital Signature Certificate (DSC)?

A DSC is used for electronically signing documents during the registration process.
What is a Director Identification Number (DIN), and why is it required?

A DIN is a unique identification number for directors, and its required for legal compliance and governance.

How is the registered office address determined for an OPC?

The registered office address should be decided and declared during the registration process.

What is the role of a nominee in an OPC?

A nominee is appointed to take over the OPC in the event of the directors death or incapacity.

What is the Certificate of Incorporation, and when is it issued?

The Certificate of Incorporation is an official document issued by the ROC after approval, signifying the successful registration of an OPC.

Why should I choose IndiaFilings for OPC registration?

IndiaFilings offers expert guidance, simplifies the registration process, ensures compliance, and provides dedicated support to make OPC registration hassle-free.

What are the post-incorporation formalities for an OPC?

Post-incorporation formalities may include filing a notice regarding the registered office within 30 days after incorporation.

How can IndiaFilings assist with post-incorporation formalities for OPCs?

IndiaFilings experts are ready to assist in fulfilling OPC compliance requirements, ensuring your business remains in full legal compliance.

Previous Chapter Next