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INCORPORATION OF ONE
PERSON COMPANY (OPC)
WHAT IS ONE PERSON COMPANY
(OPC)
• Even one man show can incorporate a Company and enjoy the benefits of
limited liability...
BASIC POINTS ON ONE PERSON
COMPANY (OPC)
• Only a natural person who is Indian Citizen and resident in India can
incorpora...
INCORPORATION OF ONE PERSON
COMPANY (OPC)
• Incorporation is divided into following steps:-
• Pre Incorporation Step
• Nam...
PRE- INCORPORATION STEP
• Apply DIN (Directors Identification Number)
• Documents required are
• Identity Proof
• Address ...
NAME AVAILABILITY STEP
• Name is applied in Form INC-1 along with requisite fees.
• Name of OPC is written as
• “XYZ Servi...
INCORPORATION STEP
• Incorporation to be filed in Form INC-2
• Documents to be attached are
• MOA
• AOA
• Identity proof, ...
FINAL CERTIFICATE OF
INCORPORATION
• After approval of Incorporation documents by concerned Registrar of
Companies (ROC), ...
POST INCORPORATION STEP
• Notice of situation of registered office to be filed in Form INC-22
• Documents to be attached a...
MAK WORLDWIDE BIZ ADVISORS PRIVATE LIMITED
CORPORATE LAW ADVISORS
268, Business India Complex, Uday Park, Delhi-110049
www...
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Incorporation of One Person Company under Companies Act 2013

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No need to have a co-founder. Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity.
All sole proprietors should go for OPC

Published in: Law, Business
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Incorporation of One Person Company under Companies Act 2013

  1. 1. INCORPORATION OF ONE PERSON COMPANY (OPC)
  2. 2. WHAT IS ONE PERSON COMPANY (OPC) • Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity of a Company. • No need to have co-founder to start your business
  3. 3. BASIC POINTS ON ONE PERSON COMPANY (OPC) • Only a natural person who is Indian Citizen and resident in India can incorporate OPC. • Resident in India means a person who had stayed in India for a period not less than 182 days in the preceding calendar year. • Minimum capital is Rupees One Lac. • Subscriber of MOA of OPC need to appoint a nominee. • OPC can’t do financial activities. • OPC can’t convert itself into any other form of Company voluntary, within 2 years of incorporation except when its Paid up share capital exceeds 50 lacs and turnover exceeds 2 crores.
  4. 4. INCORPORATION OF ONE PERSON COMPANY (OPC) • Incorporation is divided into following steps:- • Pre Incorporation Step • Name availability Step • Incorporation Step • Post Incorporation Step
  5. 5. PRE- INCORPORATION STEP • Apply DIN (Directors Identification Number) • Documents required are • Identity Proof • Address Proof • Passport Size Photograph • Verification in DIR 4 • Apply DSC (Digital Signature Certificate) • Documents required are • Identity Proof • Address Proof
  6. 6. NAME AVAILABILITY STEP • Name is applied in Form INC-1 along with requisite fees. • Name of OPC is written as • “XYZ Services Pvt Ltd (OPC/ One Person Company)”
  7. 7. INCORPORATION STEP • Incorporation to be filed in Form INC-2 • Documents to be attached are • MOA • AOA • Identity proof, Residential Proof and PAN Card of members and nominees • Consent of Nominee in Form INC-3 • Affidavit in Form INC-9 of subscriber to MOA and first director. • List of all companies (specifying their CIN) having the same registered office, if any. • Specimen Signature in Form INC-10 • Appointment of Directors in Form DIR-12 • Documents to be attached are • Declaration by the first director • Interest in other entities
  8. 8. FINAL CERTIFICATE OF INCORPORATION • After approval of Incorporation documents by concerned Registrar of Companies (ROC), Certificate of Incorporation is issued by concerned ROC in Form No INC -11.
  9. 9. POST INCORPORATION STEP • Notice of situation of registered office to be filed in Form INC-22 • Documents to be attached are • Lease deed/ Rent agreement along with rent receipts. • Copies of utility bills as mentioned above (not older than 2 months) • A proof that the Company is permitted to use the address as the registered office of the Company if the same is owned by any other entity/ Person (not taken on lease by company) • Form INC-22 needs to be filed within 30 days from incorporation. • Commencement of Business in Form INC-21 • Documents to be attached are • Specimen signature in Form INC-10 • Form INC-21 needs to be filed within 180 days from incorporation. • In this form a declaration is given that Form INC-22 is filed and subscribers had paid their subscription amount.
  10. 10. MAK WORLDWIDE BIZ ADVISORS PRIVATE LIMITED CORPORATE LAW ADVISORS 268, Business India Complex, Uday Park, Delhi-110049 www.makbizadvisors.com Info@makbizadvisors.com +91-9555250231,9718483209, 011-41407878

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