What Is One Person Company Registration
One Person Company (OPC) registration in India was introduced as a concept under the Companies Act of 2013, enabling a single person to establish a company and enjoy the combined benefits of both a sole proprietorship and a company. According to Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member.
Benefits of One Company Registration
- Status of separate Legal Entity
- Easy to obtain funds
- Compliances are very Less
- Easy Management
- No Minimum capital
- Limited Liability
- Perpetual succession
Eligibility criteria for OPC
- Person should not have incorporated more than OPC.
- Person should not have any existing OPC in operation.
- Person should not be disqualified from being a company director.
- Person should not be director in any other company.
Document requirements to register an OPC
- Copy of PAN Card of person
- Identity Proof (Voter Card, Passport, Driving License)
- Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
- Passport Size Photo
Documents get after OPC Registration
- Incorporation Certificate
- OPC PAN Card
- MoA & AoA
- OPC TAN
- DIN of directors
- Digital Signature Token (DSC)
- Business Commencement Certificate
One Person Company Registration Fees
Basic Plan | INR |
DSC (1 person) | 1000 |
DPIN (1 person) | 1000 |
Professional Fees | 4999 |
Stamp Duty | 1000 |
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