One Person Company (OPC) Registration
Looking to launch your dreams in India without a partner? Enter the One Person Company (OPC) – your gateway to business ownership under a separate legal entity. Enjoy the benefits of a traditional company structure
Wazzeer exceeded my expectations! Their legal team swiftly resolved my contract issues, ensuring a seamless experience. Highly recommended for top-notch service!
Sreedhar Bevara
Accounting made stress-free! Wazzeer’s experts streamlined my finances, maximizing my tax benefits. A trustworthy platform for entrepreneurs. Thanks a lot to the entire team.
Abhijit Roy
Outstanding legal advice! Wazzeer’s team of experts proved to be true professionals, guiding me flawlessly through the intricate incorporation process. From the initial consultation to the final paperwork, they displayed remarkable expertise and dedication. Their personalized approach and attention to detail instilled confidence in me, making the entire experience stress-free.
Atul Shree
Compliance worries? Not anymore! Wazzeer’s compliance services are reliable and saved me time and effort. Impressed by their efficiency!
Marc Rouhana
Efficient and professional support throughout! Wazzeer’s experts simplified complex accounting tasks, proving their dedication to customer satisfaction. Moreover, their responsiveness to queries and updates on the progress were impressive. Wazzeer’s comprehensive services were worth every penny invested. I can wholeheartedly recommend Wazzeer to anyone seeking reliable and efficient legal solutions for their business needs.
Priyank Tiwari
We have been very pleased with the services being offered by Wazzeer.com. Best part is that you have a dedicated account manager who takes care of all your legal, accounting, compliance, audit related services, so instead of dealing with 4-5 professionals you deal with just one individual.
Vaibhav Pandey
More about One Person Company (OPC) incorporation
What are the Benefits of One Person Company (OPC)?
- Owned By a Single Person
- Limited Liability for the promoter
- Higher credibility than the other option with single promoter (proprietorship)
Requirements to Start a One-Person Company
- One resident Indian Director (also the shareholder)
- Authorized capital of minimum INR 1 Lakh
- Minimum paid-up capital can be any amount up to the authorized capital
Process of One-Person Company (OPC) Registration
Step 1: Share Requirements + Documents
Share your requirements and the list of documents mentioned below.
Step 2: DSC application
Step 3: Application for name approval
Step 4: Drafting of AoA, MoA
Step 5: Application for Incorporation and Approval
Step 6: Sharing Deliverables
Documents Required to Start an OPC.
Directors and shareholders
- Identity proof (any one of)
- Passport (Mandatory if held)
- Driving license
- Voter ID
- Address proof ( any 1 of ) ( Not more than 2 months old)
- Bank Statement
- Phone Bill
- Mobile Bill
- Electricity Bill
For Registered Address:
- NOC from Owner*
- Rent Agreement*
- Utility Bill*
Key Deliverables
- DSC of directors and shareholders
- PAN & TAN
- Certificate of incorporation
- MoA and AoA.
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
When does an OPC mandatorily has to convert into either private limited or public company?
In case the paid-up share capital of an OPC exceeds fifty lakh rupees or its turnover exceeds INR 2 crores for any 3 consecutive financial years, then the OPC has to mandatorily convert into private limited or public company.
The OPC shall inform RoC in form INC-5 if the threshold limits are exceeded and is required to be converted into private or public company. Form INC-5 shall be filed within sixty days of exceeding threshold limits.
What if a member of an OPC becomes a member of another OPC by virtue of being a nominee in that other OPC?
Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days
Is there any limit on the number of OPCs a person can be a member?
A person can be a member of only one OPC.
Who is eligible to act as a member of OPC?
Only a natural person who is an Indian citizen or an Indian resident shall be eligible to act as a member and nominee of an OPC.
The term ‘resident in India’ means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one financial year.
How to Inform ROC about the change in membership of OPC?
The company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership. In the same form, the user needs to provide details of the new member of the OPC.
Should I hire an auditor to maintain books?
Yes, a one-person company must appoint an auditor, no matter what its revenues. In fact, an auditor must be appointed within 30 days of incorporation.
What is a DSC?
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. No person can be appointed as a Director without DIN and having duplicate DIN is an offense. DSC to be PAN encrypted as going forward, all filings relating to Income Tax has to be done by a director who’s DSC is PAN encrypted.
How much do I need to invest?
With the amendments to the Companies Act in 2015, there is no prescribed minimum paid up capital amount. You can choose how much do you want to start your company with and go up to a maximum of the Authorised Share Capital (again decided by you). However, as a general practice, most entrepreneurs start the company with a paid up capital of Rs 1 lakh.
Should the director be physically present during this process?
No, the complete process can be carried online. Wazzeer has developed Standard Operating Processes that seamlessly delivers Business Registration 100% online.
Can I register using my residential address and the registered office address for incorporation?
Yes, you can show your own residential or rented home address as the registered office address of the Company. If you take a place for rent, and the bills are in the owner’s name, a ‘No Objection Certificate’ is required from the owner of the property.
- Should the director be physically present during this process?
No, the complete process can be carried online. Wazzeer has developed Standard Operating Processes that seamlessly delivers Business Registration 100% online.
- How much do I need to invest?
With the amendments to the Companies Act in 2015, there is no prescribed minimum paid up capital amount. You can choose how much do you want to start your company with and go up to a maximum of the Authorised Share Capital (again decided by you). However, as a general practice, most entrepreneurs start the company with