The One Person Company or OPC is a special type of company formation which is handled by an individual. Following the provisions of Section 2(62) of the Companies Act 2013, it has become possible that a company can be constructed with a single director and a single member.

The benefit of a One Person Company registration is the compliance is less complex in comparison to private limited companies. 

Section 2(62) of the Companies Act 2013 further depicts that an OPC or One Person Company can be constructed with a single member who can act as both the director and the member.
 

What are the Documents Required for OPC Registration? 
 

There is a list of documents required for the OPC registration process. You need to submit them precisely to make your registration work flawlessly.

There are online experts available in the market who can make the registration work done on your behalf. 

However, besides looking for experts’ assistance, take a look by yourself at the required documents for OPC registration.

• PAN Card
• Scanned Copy of Voter ID card
• Bank Account Statement
• Passport-size Photo and Signature
   

What are the Documents Required for Office Registration?

Other than OPC (One Person Company) incorporation, you need to submit documents for your office registration also.

The office registration documents are:

• Scanned copy of Property or Sale Deed (in English)
• Scanned copy of Rental Agreement
• No-objection Certificate (NOC) from the landowner

These are the necessary documents required for One Person Company office registration.
 

How to Register a One-Person Company in India?

The OPC or One Person Company can be registered by following a few simple steps. Here, the expert CA panel specialised in company registrations can help a businessperson regarding how to register a business entity as One Person Company.

Step 1 

The CAs will first obtain the DSC (Digital Signature Certificate) and DIN (Director Identification Number) of the company’s director. 

Step 2

The second step is Name Registration. You have to check whether the name you have selected is available or not. 

Step 3

The MoA (Memorandum of Association) and AoA ( Article of Association) are important parts of One Person Company registration. Take help from the experts if you think arranging the MoA and AoA is not your cup of tea!  

Step 4

The next step is based on ROC (Registrars of Companies). You have to e-file the form with the ROC (Registrars of Companies). 

Only after that, you can get an Incorporation Certificate from the ROC (Registrars of Companies) and later can initiate the other required process like Income Tax Filing or essential legal compliances like that.  

Who is the Eligible Person to Form an OPC?
 

As per the Act, you can register your company as an OPC (One Person Company) if you are an Indian resident and living in the country for 182 days consecutively.

However, there is a minor problem associated with the OPC. You cannot register your company as a public limited company or a private company for the next two years.

However, with the assistance of the experts, you can jump over all the hurdles. The Govt. of India also brought some beneficial amendments in the 2021 Union Budget that made the Indian business personnel gained interest in registering. 
 

How Online Legal India™ Experts Can Help You in OPC Registration?
 

You may need qualified experts from Online Legal India™ if you want to register your firm as OPC (One Person Company) precisely and swiftly. The team of efficient CA/CS panels can assist you to make your company register as an OPC within seven to ten days. The assistance fee range is minimal also.

The expert panel of  Online Legal India™ can help small business owners and small-time entrepreneurs in building their own legal identity. 

The benefits of registering a company as an OPC are huge. For example, after registering their company as One Person Company, the firm can remain legal hassle-free to an extent.

So, the small entrepreneurs and traders can take the assistance of online legal experts to give their single enterprise a legal identity and make it hassle-free at least legally.

Final Words

In the conclusion section, we can discuss the benefits of registering a company as One Person Company or solitary corporation. The business owner or the director can get benefits under income tax law after registering as OPC. 

Remuneration or other facilities gifted to the director will be considered as a deduction as per the income tax law.

This type of exclusive benefit is only available for the owners of a One Person Company.

So, consult a legal expert of Online Legal India™ to register your company as OPC.