OPC Registration

Only one person is needed to start an OPC. One person company is suitable for small companies where the turnover is not likely to cross Rs. 2 Crores, and the maximum amount of capital is limited to Rs. 50 Lac. An OPC can have more than one director. However, one of them must be an Indian Resident. The OPC can be registered by Indian Citizen Only, and FDI is not allowed in an OPC

The Stepwise Process to Start a One Person Company

  • Check eligibility and documents
  • Apply for DSC of all the Directors
  • File RUN Application for Name Reservation
  • File Spice Plus Form for Company Incorporation
  • Apply PAN and TAN for Your New Company
  • Open Bank Account and Start Operation

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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.

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

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.

Documents Required For OPC Registration

Documents of Shareholders/Directors

  • Two Colour Photographs of Each Promoter
  • PAN Card of Each Promoter
  • Identity Proof (Voter ID / Driving License/ Passport)
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)

Registered Address Related Documents

  • Proof of Registered Office
  • Utility Bill as Proof of Registered Address
  • NOC From the owner of the premises
  • Completely Filled
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