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More about One Person Company (OPC) incorporation

Why should you opt for a One Person Company

  • 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 Flow

Timeline 10-15 working days
  • Raise a request with us, discussion with Wazzeer team, share basic information
  • Review proposal and hire
  • Share details and documents
  • Generation of DSC & DIN
  • Name application filing
  • Drafting of MoA & AoA
  • Incorporation filing with RoC

Required Documents

  • PAN copy the Shareholder and Director
  • Address Proof copy of the Shareholder and Director (Any of Adhaar copy, Driving license copy, Passport copy, Bank statement, rental agreement)
  • Proof of address of place of business (Any of Rent Agreement, Absolute Sale deed supported with any of the utility bills like electricity bill or gas bill)
  • No objection certificate from the landlord for the office space

Key Deliverables

  • Digital signatures (DSC)
  • DIN approval letter
  • Name approval letter
  • MoA
  • AoA
  • Certificate of Incorporation
  • PAN of the company
  • TAN of the company

Why choose Wazzeer?

  • 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.

  • 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.

  • 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.

  • Cost Effective

    You pay what you see in the proposal. No surprises or hidden charges.

Frequently Asked Questions

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.
No, the complete process can be carried online. Wazzeer has developed Standard Operating Processes that seamlessly delivers Business Registration 100% online.
Broadly, the name has three components:
  • Unique component: This is the prime name of your company. It should be unique, not already been trademarked, and should not contain phrases and words that are blacklisted by the RBI. Even if a name meets the these criteria, the RoC might reject the name application on grounds of it being similar to already existing names.
  • Description of business: There should be a word or phrase which follow the Unique Component of the name which describes or indicates the main business of the Company. Some of the popular descriptive words are Technology/ies, Internet of Things, Chemicals, Builders, etc. The words bank, exchange and stock exchange, unless approved by RBI or SEBI, would also be rejected.
  • Suffix: A Private Limited Company should Compulsorily have a Suffix Private Limited (Pvt. Ltd.). A Limited Liability Partnership Firm will have a suffix LLP and an One Person Company will have a suffix (OPC) Private Limited

Things to keep in mind while selecting the unique component of the name:
  • It must be short and simple: The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it
  • It must be meaningful: The name of the company should be related to the business. It must fit the company’s branding.
  • It must be unique: The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version
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.
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 offence. 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.
Director Identification Number (DIN) is a mandatory document for all directors (or proposed directors) of a company. It is an 8-digit Unique Identification Number allotted to all directors. This is issued by Central Government and has lifetime validity.
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.
Memorandum of association is a document that regulates a company's external activities and must be drawn up on the formation of a registered or incorporated. As the company's charter, it (together with the company's articles of association) forms the company's constitution. Article of Association is a document where the articles are the regulations for the management of registered companies that governs the running of a company. It sets out the voting rights of the shareholders‟ and directors‟ meetings, powers of the management, etc.
Memorandum of association is a document that regulates a company's external activities and must be drawn up on the formation of a registered or incorporated. As the company's charter, it (together with the company's articles of association) forms the company's constitution.
Article of Association is a document where the articles are the regulations for the management of registered companies that governs the running of the company.
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, user needs to provide details of the new member of the 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.
A person can be member in only one 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.
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.

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