The structure of the one person company (OPC) in recent times was launched as a refinement of the structure of a sole proprietorship firm. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of carrying on). Also, there can be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC has an average turnover of ₹2 crores thrice in a row and over or acquires a paid-up fund of ₹50 lakh and over, it has to be converted to a private limited company or public limited company within six months.

Advantages of OPC Company

Legal status-The member grants the OPC a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status. The liability of the member is limited to his/her shares, and he/she is not personally liable for the loss of the company.

Easy Access to Funding-OPC is a private company, it is easy to go for fundraising through venture capitals, angel investors, incubators and other sources because it is a private company. Getting money is now simple.

Less compliances-The Companies Act, 2013 provides certain exemptions to the OPC with relation to compliances. The OPC need not prepare the cash flow statement. The company secretary need not sign the books of accounts and annual returns and be signed only by the director.

Easy to manage-Administration of the OPC can be made simple by allowing a single person to both find and lead it. Making decisions is straightforward, and it happens quickly. The ordinary and special resolutions can be passed by the member easily by entering them into the minute book and signed by the sole member. Thus, running and managing the company is easy as there won’t be any conflict or delay within the company.

Documents Required For OPC Registration

• Name approval of your company
• Electricity Bill or any other utility bill for the address proof of the Registered Office
• Photograph of the Director
• PAN Card of the Director
• Residential Address Proof of the Director (Electricity Bill/Latest Bank Statement/Mobile Bill) (not older than 2 months)
• ID Proof of the Director (Aadhar Card/Driving License/Voter ID)



Process of Pvt Ltd Company Registration

Following is private Limited Company Registration Process-
Step 1 :
Obtain Digital Signature Certificate (DSC)

All the directors must obtain a DSC as it is required to file forms on the MCA portal and sign digital documents like the e-MOA and e-AOA. Even the subscribers and witnesses of the Memorandum of Association (MOA) and Articles of Association (AOA) must obtain DSC since they need to attach their DSC on the e-MOA and e-AOA that must be filed with the registration form.

Step 2: Obtain Director Identification Number (DIN)
The DIN is the unique identification number of a director. It is mandatory for a person proposing to be a director in a company to obtain a DIN. One DIN is sufficient to act as a director in any number of companies.

Step 3: Name Availability
The SPICe+ form (company registration form) allows for ‘name reservation’ in Part-A. A company can enter two proposed names in the SPICe+ form. In case of rejection of the name, the company has to file another SPICe+ form with the prescribed fee.

However, when the ROC approves the name, it will be reserved for 20 days, within which the company must fill and submit Part-B of the SPICe+ form. A company can also apply for the proposed name and application for incorporation together, i.e. Part-A and Part-B of the SPICe+ form can be submitted together.

Step 4: Form SPICe+ INC-32
The company must complete and submit Part-B of the new SPICe+ form on the MCA portal. Many services are consolidated in the SPICe+ form.

It provides the following services and benefits in a single application:

• Reservation of company name
• Application for allotment of DIN (Director Identification Number)
• Application for PAN and TAN
• Application for EPFO registration
• Application for ESIC registration
• Application for opening a company bank account
• The DSC of a professional is required to complete the SPICe+ form. The professional should certify that the information provided in the form is correct.

Step 5: e-MOA and e-AOA
e-MOA means electronic Memorandum of Association, and e-AOA is electronic Articles of Association. E-MOA and e-AOA are filed online on the MCA portal as a linked form with the SPICe+ form. Both these forms should contain the DSC of the subscribers to the MOA and AOA.

Step 6: PAN and TAN application
A company can apply for PAN and TAN through the SPICe+ form. After submitting the SPICe+ form, the system will auto-generate the company PAN and TAN. The Certificate of Incorporation is issued with the PAN allotted by the Income Tax Department.

When all the details in the SPICe+ form are correct, and the company submits the required documents, the ROC will approve the registration and a CIN (Corporate Identity Number) to the company. It will also send the Certificate of Incorporation to the company at its registered office address.



How Registrix Solutions Help in Company Registration Process?

With Registrix, you can establish your company in just 10 days. Our company registration package includes:


• Name approval of your company
• Obtaining DIN for two directors
• Filing SPICe+ form
• Issuance of Incorporation Certificate along with PAN and TAN
• Opening of current account for your company
• The company registration from REGISTRIC SOLUTION is completely online and thus, you can save time and money as you do not have to visit our office.

Register your company in just 4 simple steps, which are:

Step 1: Purchase the plan
Purchase our company incorporation plan that suits you the best. You can even chat with our experts by entering your email, phone number and clicking on the ‘Request a Callback’ button. You can also contact us by sending an email with your queries at registric125@gmail.com. Our experts will contact you and clear all your queries.

Step 2: Send the documents to us
Send the required documents on our E-mail.

Step 3: Document verification by our experts and signature of documents
Our experts will verify the documents send by you. You will need to attest your signature on the documents.

Step 4: Our experts will file the form on the MCA portal
Our experts will file the company incorporation form on behalf of you on the MCA portal. After the company incorporation form is filed on the MCA portal, the ROC and the respective departments will verify the forms submitted by our expert. The verification process takes around 10 days (subject to departmental approval and reverts from the respective departments).

Our experts will follow up with the respective authorities till you receive the Incorporation Certificate. After the verification process is complete, you will receive the Incorporation Certificate along with PAN and TAN in about 10 days.