What is the meaning of OPC?

One Person Company (OPC) is a type of company that is owned and managed by just 1 person under the Company’s Act 2013. The owner of the company acts both as a director and a shareholder of the company.

What is the process of registering an OPC?

Step 1: Apply to DSC.

Step 2: Apply to DIN.

Step 3: Approve your Name.

Step 4: Documents Required.

Step 5: Filling forms with MCA.

Step 6: Issuance of the Certificate of Incorporation.

What is the fee for registering an OPC/

Government fee is INR 4,500/- for individuals and small enterprises and INR 9,000/- for large ones.

Documents required for registering an OPC?

Copy of PAN Card of owner

Passport size photograph of the owner

Copy of Aadhaar Card/ Voter identity card

Copy of Rent agreement (If rented property)

Electricity/ Water bill (Business Place)

Copy of Property papers (If owned property)

Landlord NOC (Format will be provided)

Elegibility for registering an OPC?

The following is the eligibility guidelines for OPC Registration in India.

Only a person who is a citizen of India and resident in India. Resident in India refers to a person who had lived in India for a time not less than 182 days in the preceding one year

Legal entities like company or LLP cannot join an OPC.

A nominee must be selected by the promoter while the incorporation.

The least authorised capital must be Rs 1 Lakh.

An OPC is restrained from operating a minor as its member.

If an OPC crosses a turnover of over Rs 2 crores or has a paid-up capital more than Rs 50 lakhs. It must be

Least 1 Shareholder/Nominee/Directors