ONE PERSON COMPANY REGISTRATION GUIDEBOOK

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 What’s a One Person Company?
The One Person Company (OPC) was recently introduced as a strong improvement
over the sole proprietorship. OPC is the right structure for solo entrepreneurs looking
beyond the opportunities a sole proprietorship affords. OPC provides benefits like:

Limited liability

Continuous existence

Greater credibility

What is included in this package?

Directors Identification Number for 1 Director

Digital Signature Certificate for 1 Directors (If the shareholder is different from the

director, then additional DSC is required for Shareholder)

Guidance for choosing the Company Name (Need Help in choosing your Company

Name? click here to refer the Naming Guidelines OR watch our Video by clicking here -

http://bit.ly/1jD7tAX)

PAN Application

TAN Application

Final Registration Process (Drafting the Memorandum & Articles of Association, RoC

filing fees an authorized capital, Government Stamp Duty and Certificate of

Incorporation)

Zero Balance Current Account - Powered by DBS Bank*

How long will the process take to complete?

Usually, it takes around 25-30 business days to complete the entire process.
One Person Company
Registration *Applicable only in the locations where DBS Bank is operative
 Documents required for OPC registration:

To be submitted by the director:

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

Scanned copy of Voter's ID/Passport/Driver's License

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Scanned passport-sized photograph

Specimen signature (blank document with signature)

Note: The director must self-attest the first three documents. In case of foreign nationals and
NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth
country) or apostilled (if in a Commonwealth country).

For the registered office

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Scanned copy of Notarised Rental Agreement in English

Scanned copy of No-objection Certificate from the property owner

Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence, too.

How do I submit these documents

Scanned copies of these documents would suffice. Please do not use a mobile phone to
scan these documents. The Registrar of Companies might not accept these documents.

Documents Required For

OPC Registration
 Who can register an OPC?
Only Indian residents can register an OPCs, and that, too, only one at a time, as per the
specifications of the Ministry of Corporate Affairs.

What are the mandatory requirements of an OPC?

All such businesses must maintain books of accounts, comply with statutory audit
requirements and submit income tax returns and annual filings with the RoC.

How much capital is required to start an OPC?

There is no difference in capital requirement between an OPC and a private limited
company. It needs an authorised capital of Rs. 1 lakh to begin with, but none of this
actually needs to be paid-up. This means that you don’t really need to invest any money
into the business.

How many directors can there by in an OPC?

An OPC has certain limitations. The person starting the business is its only director and
shareholder. There is also a nominee director, but this person has no power whatsoever
for raising equity funds or offer employee stock options. The nominee exists only to take
over in case of the death or incapacitation of the director. The nominee is chosen by the
director, and can be anyone, such as your spouse, parents or siblings. The nominee will
need to provide identity proof during registration.

Can I start more than one OPC at a time?

No, an individual can form only one OPC at a time. This rule applies to the nominee in an
OPC, too.

Frequently Asked Questions

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