{"id":405,"date":"2020-12-17T10:41:18","date_gmt":"2020-12-17T10:41:18","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=405"},"modified":"2020-12-17T10:41:20","modified_gmt":"2020-12-17T10:41:20","slug":"6-simple-steps-to-register-a-one-person-company-in-india","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/","title":{"rendered":"6 Simple Steps to Register a One Person Company in India"},"content":{"rendered":"\n<p>According to <strong>Section 2(62) of the Companies Act 2013<\/strong>, a company can be formed with just 1 member and 1 director and the compliance requirements are less as compared to other company types. One Person Company (OPC) is registered with only one person who forms a company. On the other hand, a minimum of two members are required to form a company in other types of entities. The <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/one-person-company-registration\">OPC registration<\/a><\/strong> process is quite simple and there are 6 simple steps to register a One Person Company in India. <\/p>\n\n\n\n<p>This article\nwill guide you with the information for the Registration of a One Person\nCompany. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28d38058a21\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28d38058a21\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#What_are_the_main_features_of_a_One_Person_Company\" title=\"What are the main features of a\nOne Person Company?\">What are the main features of a\nOne Person Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Who_can_register_a_One_Person_Company_in_India\" title=\"Who can register a One Person\nCompany in India?\">Who can register a One Person\nCompany in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Steps_to_Register_a_One_Person_Company\" title=\"Steps to Register a One Person Company\">Steps to Register a One Person Company<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_1_Apply_for_DSC\" title=\"Step 1: Apply for DSC\">Step 1: Apply for DSC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_2_Apply_for_DIN\" title=\"Step 2: Apply for DIN\">Step 2: Apply for DIN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_3_Name_Approval_Application\" title=\"Step 3: Name Approval Application \">Step 3: Name Approval Application <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_4_Necessary_Documents_Required\" title=\"Step 4: Necessary Documents Required\">Step 4: Necessary Documents Required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_5_Filing_of_Forms_with_MCA\" title=\"Step 5: Filing of Forms with MCA\">Step 5: Filing of Forms with MCA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Step_6_Issuance_of_Incorporation_Certificate\" title=\"Step 6: Issuance of Incorporation Certificate\">Step 6: Issuance of Incorporation Certificate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#What_are_the_Benefits_to_Register_a_One_Person_Company_in_India\" title=\"What are the Benefits to Register a One Person Company in India?\">What are the Benefits to Register a One Person Company in India?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#%C2%B7_Limited_liability\" title=\"\u00b7 Limited liability\">\u00b7 Limited liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#%C2%B7_Existence_Continue_for_a_long_time\" title=\"\u00b7 Existence Continue for a long time\">\u00b7 Existence Continue for a long time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#%C2%B7_Credibility\" title=\"\u00b7 Credibility \">\u00b7 Credibility <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#How_many_One_person_Companies_can_an_Individual_Register\" title=\"How many One person Companies can an Individual Register?\">How many One person Companies can an Individual Register?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/blog\/6-simple-steps-to-register-a-one-person-company-in-india\/#Conclusion\" title=\"Conclusion \">Conclusion <\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_main_features_of_a_One_Person_Company\"><\/span>What are the main features of a\nOne Person Company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Only individuals being an Indian citizen and resident in India can become a shareholder of OPC.<\/li><li>The maximum paid-up share capital is Rs. fifty lakhs in an OPC.<\/li><li>A Board may consist of one or more directors. <\/li><li>The maximum turnover allowed is Rs. two hundred lakhs in an OPC.<\/li><li>An OPC can make conversation to private limited only after its two years of existence. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_register_a_One_Person_Company_in_India\"><\/span>Who can register a One Person\nCompany in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Only those\nindividuals being an Indian citizen and resident in India can become a\nshareholder and register a One Person Company in India. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Register_a_One_Person_Company\"><\/span>Steps to Register a One Person Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infogrphics.png\" alt=\"Steps to Register a One Person Company\" class=\"wp-image-406\" width=\"447\" height=\"447\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infogrphics.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infogrphics-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infogrphics-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infogrphics-768x768.png 768w\" sizes=\"(max-width: 447px) 100vw, 447px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_1_Apply_for_DSC\"><\/span>Step 1: Apply for DSC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first step for the registration of a One Person Company is to obtain the Digital Signature Certificate (DSC) of the proposed Directors. The following documents are required: &#8211; <\/p>\n\n\n\n<ul><li>Aadhar Card<\/li><li>PAN Card<\/li><li>Address Proof<\/li><li>Photograph<\/li><li>Phone Number<\/li><li>Email id<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_2_Apply_for_DIN\"><\/span>Step 2: Apply for DIN<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After the Digital Signature Certificate (DSC) the next step is to apply for the Director Identification Number (DIN) of the directors in <strong><em>SPICe+ Form<\/em><\/strong> along with the details of the three directors such as name and address etc. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_3_Name_Approval_Application\"><\/span>Step 3: Name Approval Application <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The next step to register a One Person Company is to decide the name of the company. The name approval application can be made either in SPICe+ 32 Form or by using Reserving Unique Names services (RUN) of MCA by providing with 1 preferred name along with the importance of keeping that name. However, the Ministry of Corporate Affairs (MCA) has decided to allow two proposed names and one resubmission (RSUB) while reserving unique names for the companies, from March 2018. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_4_Necessary_Documents_Required\"><\/span>Step 4: Necessary Documents Required<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The necessary\ndocuments required to be submitted to the ROC are: &#8211; <\/p>\n\n\n\n<ul><li><strong><em>Memorandum of Association<\/em><\/strong>, which states the objectives of the company the business for which the company is going to be registered. <\/li><li><strong><em>Articles of Association<\/em><\/strong> that states the by-laws on which the company is going to operate. <\/li><li><strong><em>Form INC-3, <\/em><\/strong>since there is only one director and a member in the one-person company, a nominee on behalf of the director has to be appointed, who in cases where the director dies or become incapacitated to perform his duty, shall act or perform on his behalf and take his place. Therefore, Form INC- 3 will be required along with his Aadhar Card and PAN Card. <\/li><li>Proof of Registered office of the company, Proof of ownership and No Objection Certificate ( NOC),\u00a0 is required by the owner of the OPC.<\/li><li>Affidavit and consent of the Directors of DIR- 2 and INC \u2013 9. <\/li><li>The declaration<strong>, <\/strong>certifying that all compliances have been done, given by the professional. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_5_Filing_of_Forms_with_MCA\"><\/span>Step 5: Filing of Forms with MCA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All the\ndocuments will be attached to the SPICe \u2013 MOA and SPICe \u2013 AOA and SPICe Form\nalong with the DSC of the professional and the director, and will be uploaded\nto the site of the MCA for approval in order to register a one person company. <\/p>\n\n\n\n<p>Form 49A and 49B\nwill be generated after uploading these documents, to generate PAN and TAN for\nthe company which then have to be uploaded at the site of MCA after attaching\nDSC of the directors. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_6_Issuance_of_Incorporation_Certificate\"><\/span>Step 6: Issuance of Incorporation Certificate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A certificate of Incorporation shall be issued to the company by the Registrar of Companies (ROC), once the verification is done. And the company will get registered under the <strong>Companies Act, 2013<sup><a href=\"hhttp:\/\/ebook.mca.gov.in\/default.aspx\" class=\"text-primary\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Benefits_to_Register_a_One_Person_Company_in_India\"><\/span>What are the Benefits to Register a One Person Company in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits to registering a one-person company in India are: &#8211; <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Limited_liability\"><\/span>\u00b7 Limited liability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under the once person company, the directors\u2019 personal assets and the property is not included in the liability of the company. The directors\u2019 liability limited to the shares brought by it in the company. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Existence_Continue_for_a_long_time\"><\/span>\u00b7 Existence Continue for a long time<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company is passed to the nominee director in case of the death of the owner. Therefore, the existence of the one person company continues for a very long time and does not get dissolved on the death of the director. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Credibility\"><\/span>\u00b7 Credibility <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since the one\nperson company is audited annually, the company is more trusted by the lending\ninstitutions and by the vendors. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_many_One_person_Companies_can_an_Individual_Register\"><\/span>How many One person Companies can an Individual Register?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One individual cannot register more than 1 one-person company or become a nominee in more than one such company. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One Person Company is the most suited type of company for the entrepreneurs to enter into the industrial sector. Not only it provides the opportunity to grow but the entrepreneurs can easily start the company by investing less capital into it in the beginning. There are 6 simple steps to register a One Person Company in India and the owner can enjoy many benefits and protection upon the registration of the OPC. <\/p>\n\n\n\n<p>One person company is best suited for the Micro, Small and Medium Enterprises <strong>(<a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/msme-registration\">MSME<\/a>)<\/strong>. It provides them with the opportunity to take part in the development of the economy and grow faster with it. The Registration of a One Person Company must be done in accordance with the rules and regulations prescribed under the <strong>Companies Act, 2013<\/strong>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Section 2(62) of the Companies Act 2013, a company can be formed with just 1 member and 1 director and the compliance requirements are less as compared to other company types. One Person Company (OPC) is registered with only one person who forms a company. On the other hand, a minimum of two [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[102],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/405"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=405"}],"version-history":[{"count":9,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/405\/revisions"}],"predecessor-version":[{"id":417,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/405\/revisions\/417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/407"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}