How to register one person company?

One Person Company Registration is a new concept introduced in the Companies Act 2013 that allows a single person to incorporate a company. OPC is a hybrid structure that combines the benefits of a sole proprietorship and a company. It offers limited liability protection to its sole owner, which means the owner's personal assets are not at risk in case of any business loss or debt. OPC is an excellent option for small entrepreneurs who want to start their businesses without involving partners. In this article, we will discuss how to register a One Person Company in India and the necessary documents required for the registration process.

Registration of one Person Company

SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is a form used to register One Person Company (OPC) in India. It is a combined form that replaces the earlier forms required to incorporate a company, including the earlier SPICe form. The SPICe+ Form can be filed online through the Ministry of Corporate Affairs (MCA) portal. The Form consists of two parts:

Part A: This part is used to obtain approval for the company name and to apply the Director Identification Number (DIN) or Permanent Account Number (PAN) of the proposed director.
Part B: This part is used for incorporation-related details such as the registered office address, share capital, details of the director, and details of the shareholder.

Documents Required for OPC Registration

The documents required for one-person Company Registration:

PAN card of the director and shareholder
Aadhaar card of the director and shareholder
Passport-size photograph of the director and shareholder
Address proof of the director and shareholder
NOC from the owner of the registered office
Rental agreement of the registered office (if it is a rented property)
Utility bills of the registered office (not older than two months)
MOA and AOA of the company
DSC of the director and shareholder
DIN of the director

How to register one person company?

To register a Person Company (OPC) online in India through the MCA portal, you need to follow the steps mentioned below:

Step 1: Obtain Digital Signature Certificate (DSC)

The first step is to obtain a Digital Signature Certificate (DSC) for the company's proposed director and shareholder. The DSC is a digital signature used to sign electronic documents.

Step 2: Obtain Director Identification Number (DIN)

The next step is to obtain a Director Identification Number (DIN) for the proposed director of the company. The DIN is a unique identification number issued by the Ministry of Corporate Affairs (MCA) to the directors of a company.

Step 3: Name the Reservation

The third step is to reserve a unique name for the company. You can apply for name reservation through the MCA portal by submitting Form SPICe+ (Part A). The name should be unique and should not resemble the name of any existing company or trademark.

Step 4: Preparation of MOA and AOA

The Memorandum of Association (MOA) and Articles of Association (AOA) of the company should be prepared and filed with the Registrar of Companies (ROC). MOA specifies the company's objectives, and AOA specifies the company's internal rules and regulations.

Step 5: Filing of Forms

Once the Form is filled, it can be submitted online, along with the necessary documents and the prescribed fee. The ROC will process the application.

Step 6: Issuance of Certificate of Incorporation

Once the ROC approves the application and satisfies all the requirements, ROC will issue a Certificate of Incorporation, and your company will be registered. One Person Company is a good option for small entrepreneurs who want to start their businesses with limited liability protection. It usually takes 7-10 days to register a One Person Company through the SPICe+ Form. Get in touch with IndiaFilings to register your One Person Company.