Register a One Person Company in
3 simple steps @ RS. 4,999
- DIN
- DSC
- Certificate of Commencement of Business
- MOA & AOA
- Incorporation Master File
- Company Document Proof
We're ready to help incorporate your OPC today!
Introduction
One Person Company (OPC) is a business where a single individual can form a private company. An OPC combines the best features of a Private Limited Company with the advantages of Sole Proprietorship.
In One Person Company, there is no requirement for a group of people to complete the registration. This arrangement enables a single individual to establish a distinct legal entity for their business, providing the added benefit of limited liability protection. An OPC has minimal compliance requirements in comparison with a private limited or a public limited company.
At Bright Accounts, we simplify the One Person Company (OPC) registration process. Our expert team ensures a smooth navigation in completion of the legal formalities.
Documents Checklist
Bright Accounts has compiled a detailed list of documents that are required to register a One Person Company. Speak to our experts for any queries.
Identity Proof
- Document Proof of Partners
- Notarized Documents (for Foreign Nationals)
- Utility Bill or Bank Statement
Address Proof
- Utility Bill or Bank Statement
Proof of Registered Office
- Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
- Right to use the Property - Rental Agreement or No Objection Certificate (NOC) from the owner.
Other Documents
- Passport Size Photographs
- Memorandum of Association
- Articles of Association
process
Registration Process
in 3 Simple Steps
At Bright Accounts, we have simplified the entire registration process of a One Person Company into 3 simple steps. This makes your journey smooth, structured and easy.
- Pre-application
- We collect basic information
- Gather required documents
- Obtain Digital Signature Certificate
- Check availability of name
- Drafting & Application
- Obtain Directors Identification Number (DIN)
- Get the name approval
- Draft Memorandum of Association
- Draft Articles of Association
- Approval
- Obtain Incorporation Certificate
Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.
benefits
What's Good
about a One Person Company
Access to Funds
Since an One Person Company operates as a private company, fundraising through venture capitals, angel investors, and incubators becomes more accessible. Banks and financial institutions also exhibit a preference for granting loans to OPC’s over proprietorship firms.
Smooth Management
Like Sole Proprietorship, a single person can establish and run the OPC. The business management and the decision-making process is quick and effortless. Thus, running and managing an OPC becomes easy as there won’t be any conflict or delay within the company.
Easy Incorporation
It is easy to incorporate OPC as only one member and one nominee is required for its incorporation. The member can be the director also. The minimum authorised capital for incorporating OPC is Rs.1 lakh but there is no minimum paid-up capital requirement. Thus, it is easy to incorporate as compared to the other forms of company.
Less Compliances
The compliance requirements for an One Person Company are less than those required for a Private and Public Limited Company. As an example, an OPC need not prepare a Cash Flow Statement.
Legal Status and Limited Liability
Upon incorporation an OPC obtains a separate legal entity status. The OPC's separate legal entity status ensures that the Director's liability is limited to just shares, and the Director is not personally liable for the loss of the company.
Tax Benefits
OPCs may be eligible for certain tax benefits available to small companies. These can include deductions and exemptions, making the business more tax-efficient.
What do you get
when you register with our help
Ready to Register your Company?
When you register your business with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business.
- Digital Identification Number
- Digital Signature Certificate for 1 Director
- Name of the Company
- Company PAN
- Company TAN/TDS
- MOA & AOA
- Certificate of Commencement of Business
- Customized Incorporation Masterfile
- Expert advice you can count on
- Our bright support on every thing needed to complete the registration.
testimonials
What our clients say
Why Bright Accounts
There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.
Bright & Knowledgeable
Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.
Always happy to help
Bright Accounts commit to provide dedicated support and assistance to our clients.
Professional & Approachable
We maintain a high level of professionalism while being easily approachable for our clients.
Easy & Quick
We focus on streamlining and simplifying the complex processes for our clients.
Checklist for Registration
This checklist includes everything that you would need to incorporate a One Person Company. These are mandatory requirements.
- A Nominee is required for OPC
- Digital Signature Certificate (DSC) for the Director
- Directors Identification Number (DIN) for the Director
- Consent from Director and Nominee
- Name of the One Person Company
- Proof of registered office of the One Person Company
- Minimum Authorized Capital
- Memorandum of Association
- Articles of Association
Timeline
After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.
Confused between Sole proprietorship or OPC? Speak with an expert.
Frequently Asked Questions
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.
No, an OPC cannot engage in financial activities like banking, insurance, or investments.
In such cases, the OPC must be converted into a private limited company to comply with regulatory requirements.
No, an OPC cannot have a minor as its member.
A DIN is a unique identification number for directors, and its required for legal compliance and governance.
The registered office address should be decided and declared during the registration process.
A nominee is appointed to take over the OPC in the event of the directors death or incapacity.
Post-incorporation formalities may include filing a notice regarding the registered office within 30 days after incorporation.
Bought Together
There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.
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