OPC Registration

OPC Company Registration

As per the Companies Act, 2013 an One Person Company (OPC) is an unique entity where an individual can form a company. It combines the concept of a company with limited liability and succession, allowing a person to own and operate a company in their name.

Before the enactment of the Companies Act of 2013, the formation of a company in India necessitated at least two individuals. However, with the advent of this legislation, there’s a notable shift towards promoting(OPCs).

Simple Succession : Despite the fact that the company’s everyday operations are managed by a single person, OPC offers opportunities .

Limitation of Liability : A one-person company member has limited liability. Because OPC is a registered corporation, it is treated as a separate legal entity, providing its members with greater protection.

Ownership of Real Estate : Because the OPC is considered a separate legal organisation, the individual has the ability to possess company property.

Document Required

• The Memorandum of Association (MoA) which are the objects to be followed by the Company or stating the business for which the company is going to be incorporated.
• The Articles of the Association (AoA) lays down the by-laws on which the company will operate.
• Since there are only 1 Director and a member, a nominee on behalf of such a person has to be appointed because in case he becomes incapacitated or dies and cannot perform his duties the nominee will perform on behalf of the director and take his place. His consent in Form INC – 3 will be taken along with his PAN card and Aadhar Card.
• Proof of the Registered office of the proposed Company along with the proof of ownership and a NOC from the owner.
• Declaration and Consent of the proposed Director of Form INC -9 and DIR – 2 respectively.
• Address proof and ID proof of signatory in case of partnership/company/LLP
• A declaration by the professional certifying that all compliances have been made.