One Person Company Registration
One Person Company Registration
Price: ₹ 9,500/- *.

Complete by: within 10 days*

*Subject to approval of Government portal services

  • Inc. Govt fees upto 1 lakh capital
  • Certificate of Incorporation
  • PAN and TAN
  • MOA and AOA
  • PF Number
  • ESIC Number
  • 2 DSC
  • INC-20A (Business Commencement)
  • MSME registration
  • Share Certificate
  • 2 DIN

One-Person Company (OPC) Registration in Pune:

The One-Person Company (OPC) Registration in Pune is an important initiative of the Government of India to promote entrepreneurship and small business development in the country. The portal streamlines the registration process for OPCs in Pune by providing a user-friendly platform that simplifies the process and saves time and effort for entrepreneurs. The portal also offers important information and guidance to individuals looking to start their own business and provides access to various support services to help them grow and succeed. By making the registration process more accessible and efficient, the OPC Registration Startup Portal in Pune aims to encourage more individuals to start their own businesses and contribute to the growth and development of the local economy.

What is One Person Company?

A One Person Company (OPC) is a type of business structure that allows a single person to form a company with limited liability. In an OPC, the individual becomes the sole shareholder and director, and the company is treated as a separate legal entity from its owner. This means that the owner’s personal assets are protected in the event of any legal or financial issues faced by the company. OPCs are popular among entrepreneurs who want to start a business on their own but still want the advantages of limited liability protection. In India, OPCs are governed by the Companies Act, of 2013.

What are the Types of One-Person Company Registration In Pune?

There are two types of One-Person Company (OPC) registration in Pune, India as follows:

  • OPC with Limited Liability: In this type of registration, the liability of the company is limited to the extent of the unpaid share capital. This means that the personal assets of the sole owner/director are protected in case of any liability arising from the company’s activities. This is the most common type of OPC registration in India, as it provides protection to the personal assets of the sole owner/director.
  • OPC without Limited Liability: In this type of registration, the sole owner/director of the company is personally liable for the company’s debts and obligations, and there is no protection for personal assets. This type of registration is not recommended, as it exposes the personal assets of the sole owner/director to risk.

Limited liability is not mandatory in OPC registration, it is recommended to opt for limited liability to protect the personal assets of the sole owner/director. The process for registering an OPC with limited liability is similar to that of registering a private limited company, and the owner/director needs to file the required documents with the Registrar of Companies (ROC) and obtain a Certificate of Incorporation (COI).

Minimum Requirements To Incorporate An OPC Registration in Pune?

To incorporate a One-Person Company (OPC) in Pune, there are certain minimum requirements that need to be met. These include:

  • A minimum of one director and one nominee: An OPC must have a minimum of one director who is also the sole shareholder. In addition, the director must appoint a nominee who will take over the company’s ownership in the event of the director’s death or incapacity.
  • A registered office address: The OPC must have a registered office address in Pune where all communication and legal notices can be sent.
  • Minimum authorized capital: There is no requirement of a minimum -authorized capital or paid up capital
  • PAN and Aadhaar card: The director and nominee must have a PAN and Aadhaar card for identity verification purposes.
  • Digital Signature Certificate (DSC): The director must obtain a DSC, which is necessary for filing electronic documents with the Registrar of Companies.
  • Director Identification Number (DIN): The director must also obtain a DIN, which is a unique identification number issued by the Ministry of Corporate Affairs.

Documents For OPC Registration in Pune?

The documents required for One Person Company (OPC) registration in Pune are:

  • PAN Card for identity proof
  • Aadhar Card/ Voter ID/ Passport/ Driving License/Bank Statement
  • Passport-size photographs (two)
  • Proof of registered office, such as rent agreement or sale deed, electricity bill, NOC from the landlord, and other relevant documents
  • Digital Signature Certificate (DSC) for the director and the nominee
  • Director Identification Number (DIN) for the director
  • Memorandum of Association (MOA) containing the company’s objectives and nature of business
  • Articles of Association (AOA) containing the company’s internal rules and regulations
  • Requisite forms required for the incorporation process.

OPC Registration Process in Pune?

The process for One Person Company (OPC) registration in Pune involves the following steps:

  • Obtain Digital Signature Certificate (DSC): The first step is to obtain a DSC for the Director and the Nominee.
  • Name Approval: The next step is to apply for name approval by submitting Form SPICe+ along with the required documents. The Registrar of Companies (ROC) will review the application and approve the name if it is not already taken and complies with the guidelines.
  • Incorporation: Once the name is approved, the owner needs to submit Form SPICe+ along with MOA, AOA, and other necessary documents/forms. The ROC will review the application and approve the incorporation of the OPC.
  • PAN and TAN: After incorporation, the owner needs to apply for PAN and TAN for the company.
  • Bank Account: Finally, the owner can open a bank account in the company’s name and start the business operations.

Benefits of OPC in Pune:

Some of the benefits of One Person Company (OPC) registration in Pune are:

  • Limited Liability: The biggest advantage of OPC registration is limited liability protection, which means the owner’s personal assets are not at risk if the company faces any legal or financial issues.
  • Single Ownership: OPC allows a single person to own and run the business, which reduces the complexity of decision-making and management.
  • Separate Legal Entity: After registration, OPC becomes a separate legal entity, allowing the owner to conduct business and enter into contracts in the company’s name.
  • Easy Funding: OPCs are eligible for funding from banks and financial institutions, which can help the company to grow and expand.
  • Lower Compliance Requirements: OPCs have lower compliance requirements compared to other types of companies, such as annual general meetings and board meetings.
  • Tax Benefits: OPCs are eligible for various tax benefits, including deductions and exemptions, which can reduce the overall tax liability of the company.
  • Professional Image: OPC registration can enhance the professional image of the company and make it easier to attract clients and customers.

Disadvantages of One Person Company (OPC) Registration

While One Person Companies (OPCs) offer several advantages, they also come with certain limitations that business owners should consider:

  • Limited to Small-Scale Businesses: OPCs are best suited for small businesses, as they can only have one member. This restricts their ability to raise additional capital as the business grows, limiting expansion opportunities.
  • Restricted Business Activities: OPCs cannot engage in specific activities, including non-banking financial investments and charitable purposes. As a result, businesses involved in these activities are ineligible for OPC registration.
  • Lack of Separation Between Ownership and Management: In an OPC, the sole member often serves as both the owner and director, which can blur the lines between ownership and management. This overlap may lead to potential conflicts of interest or ethical concerns.

OPC Registration Timeline

The process of registering a One Person Company (OPC) is relatively quick. Here’s a breakdown of the timeline:

  • DSC and DIN Acquisition: The Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed directors can be obtained in just 1 day.
  • Certificate of Incorporation: The Certificate of Incorporation for an OPC is typically issued within 3-5 days.
  • Overall Incorporation Process: The entire OPC registration process generally takes about 10 days, depending on departmental approval and response from the concerned authorities.

What Is Included In Our OPC Registration package in Pune?

A One Person Company (OPC) registration package in Pune may include the following services:

  • Consultation: Consultation with a professional to discuss the business objectives and type of OPC to be registered.
  • DSC and DIN application: Assistance with obtaining DSC and DIN for the Director and Nominee.
  • Name Approval: Assistance with applying for name approval through Form SPICe+.
  • Incorporation: Assistance with incorporating the OPC through Form SPICe+ and submitting necessary documents/forms.
  • PAN and TAN: Assistance with obtaining PAN and TAN for the company.
  • Filing and Fees: Assistance with filing the necessary forms with the ROC and paying the required fees.

Frequently Asked Questions(FAQ's):

An OPC is a type of company structure where a single person owns and manages the business with limited liability.

There are two types of OPC registration in India: (a) OPC with limited liability, and (b) OPC without limited liability.

No, a minor, foreign national or NRI are restricted from establishing an OPC in Pune and India

Yes, it is mandatory to have a physical office address for OPC registration in Pune.

Yes, an OPC can be converted into a private limited company in the future if it meets the eligibility criteria for conversion.

You should consider registering an OPC if you are a sole proprietor or a single person looking to start a business with limited liability protection.

No, an OPC can only have one shareholder and one nominee, who will take over the business in case of the director's death or incapacity.

No, an OPC cannot be converted into a partnership or a sole proprietorship. It can only be converted into a private limited company.