What is One Person Company (OPC)?
As per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company.
One Person Company (OPC): Steps of Registration
Step 1: Apply for DSC
Step 2: Apply for DIN
Step 3: Name Approval Application
Step 4: Documents Required
Step 5: Filing Forms with MCA
Step 6: Issue of certificate of Incorporation
a. The (MoA) which are the objects to be followed by the Company or stating the business for which the company is going to be incorporated.
b. The (AoA) which lays down the by-laws on which the company will operate.
c. Since there are only 1 Director and a member, a nominee on behalf of such 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.
d. Proof of the Registered office of the proposed Company along with the proof of ownership and a NOC from the owner.
e. Affidavit and Consent of the proposed Director of Form INC -9 and DIR – 2 resp.
f. A declaration by the professional certifying that all compliances have been made.