One Person Company Registration in India

Documents Required to Register a One Person Company

• Identity Proof and Address Proof
  a. Passport/ Aadhar card/ Voter ID/ Driver's License of Directors /Shareholders,
  b. PAN card, and
  c. Utility bills or Bank Statements as address proof.
• Proof of Registered Office
  a. If you own the Property, you need any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
  b. If you use someone else’s Property, you need a Rental Agreement or No Objection Certificate (NOC).
• Memorandum of Association (MOA) and Articles of Association (AOA)
  a. MOA outlines the objectives and scope of activities. 
  b. AOA defines the internal regulations and governance structures.
• Declaration and Consent of the proposed Director
  a. Form DIR-2 is the official consent to assume the Director role within the prospective company.
  b. Form INC- 9 serves as the official declaration
• Declaration and Consent of the Nominee
  Form INC- 3, along with the PAN card and Aadhar Card, serves as the official consent of the Nominee.

One Person Company Incorporation Process

• 
  Egestas ornare
  ‍
• Obtain a Digital Signature Certificate (DSC)
  a. A DSC is a digital method of verifying or attesting a document and is often issued with one-year or two-year validity.
  b. You can directly approach Government Certifying Agencies for an Aadhar e-KYC-based verification or through the help of supporting documents.
• Apply for Name Approval using SPICe+ Part A View 
  Part A of the SPICe+ form provides for 'Name Reservation' with two proposed names and one re-submission (RSUB).
• Apply for Company Registration using SPICe+ Part B View 
  a. Once the name is approved, you can submit the Part B form to the MCA portal along with the following documents: 
  i. DSC,
  ii. SPICe-MoA,
  iii. SPICe-AoA,
  iv. Declarations from Director and Nominee, and
  v. the requisite fee.
• Open a Bank Account
  You can apply for GSTIN / EPFO/ ESIC/ Profession Tax/ Opening of bank account through AGILE-PRO-S (Form INC- 35).
• File for the Commencement of a Business Certificate
  You must file for the “Commencement of a Business Certificate” through Form INC-20A within 180 days of the incorporation of the Company.

Searching for a company name?

Check company name availability using our powerful name search tool.

Disadvantages

• Limited Expansion Opportunities
  The structure and features can only benefit a small business. It restricts expansion as no members or shareholders can be added as the company grows.
  
  The OPC also cannot carry out Non-Banking Financial Investment activities, including the investments in securities of any corporates.
• Limited Resources
  The structure imposes constraints on how the business operates, particularly regarding management and resource allocation. Being primarily led or created by a single individual also narrows down the pool of skills and knowledge compared to other entities.

One Person Company Registration Number

The One Person Company Registration Number, or the Corporate Identification Number (CIN), is a distinctive 21-character alphanumeric code allocated to an OPC when registering with the Registrar of Companies (ROC). 

Example of CIN for an OPC: U01403MH2015OPC264485

‍The CIN can be broken down into the following components-

• Documentation Errors: Submitting documents with inaccuracies, inconsistencies, or omissions can lead to setbacks.
• Name Approval Challenges: Opting for a company name that doesn't comply with naming regulations or is already taken can lead to holdups.  
  Our website provides a quick Company Name Search feature that can help pre-empt such complications.
• MCA Server Glitches: Technical glitches on the MCA website may occasionally surface, causing application submission difficulties or data loss.
• Response Time: A time limit is often imposed following name approval, within which you must finalize the registration process. Suppose you are unable to submit your application within this timeframe. In that case, you should make a fresh application for name approval.
• Payment Processing Delays: Delays in payment processing can also affect the registration timeline.
• Jurisdiction Variability: Distinct jurisdictions encompass varying processing durations and prerequisites that can influence the speed of your application's progress.

How to Get a Registration Number for a One Person Company?

Upon the approval of the SPICe+ Form,  you will receive a notification email from the Ministry of Corporate Affairs (MCA), which will include the Certificate of Incorporation (COI), along with the PAN and TAN of the Company. This certificate contains vital information like -

• Company Name,
• Registration Number,
• Date of Incorporation,
• Registered Office Address,
• Company Structure, etc.

One Person Company Registration Fees

With Razorpay Rize, the Cost of registration of a One Person Company - Rs. 5999

*The cost includes-

• DSC for One Director and One nominee
• DIN for One Director
• Certificate of Incorporation
• Memorandum of Association (MoA)
• Articles of Association (AoA)
• PAN
• TAN

**Extra fees may apply for additional authorized capital and stamp duty for states like MP, Kerela, and Punjab. To know more or get started with OPC registration by Rize, click below.

Register your One Person Company in just ₹5,999

Register your business

Checklist for Registration

A concise checklist to help you streamline the OPC registration process:

Get a Digital Signature Certificate (DSC) for the Director.

Get consent from both the Director and the Nominee.

Draft the e-Memorandum of Association & e-Articles of Association.

Reserve your Company Name.

Apply for registration through the SPICe+ form.

Get a Certificate of Incorporation from the RoC.

Acquire PAN & TAN of your Company.

Get a Current bank account for your Company.

Follow post-incorporation compliances.