Overview
A One Person Company (OPC) allows a single entrepreneur to start a company with limited liability and corporate status. OPC registration in Kolkata is ideal for solo founders who want professionalism and legal protection.
Documents Required
- PAN & Aadhaar of owner
- PAN & Aadhaar of nominee
- Passport size photos
- Address proof
- Registered office proof
- Rent agreement + owner NOC
- Digital Signature (DSC)
Step-by-Step Process
- Nominee Appointment
- Mandatory to appoint 1 nominee
- Nominee consents to take over in case of owner’s death/incapacity
- Digital Signature Certificate (DSC)
- Required for:
- Director (owner)
- Used for signing MCA forms online
- Required for:
- Director Identification Number (DIN)
- Applied via MCA portal
- Uniquely identifies company director
- Name Reservation
- File name application on MCA portal
- Name must end with:
- “(OPC) Private Limited”
- Preparation of Incorporation Documents
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Nominee consent forms
- Registered office proof
- Filing of SPICe+ Incorporation Form
- Single integrated MCA form
- Includes:
- Company incorporation
- PAN & TAN allotment
- Verification by Registrar of Companies (ROC)
- ROC reviews documents
- May raise resubmission (if required)
- Certificate of Incorporation Issued
- OPC legally comes into existence
- PAN & TAN generated.
✔ OPC is now a registered company
Advantages
- Limited liability protection
- Separate legal entity
- Better credibility than proprietorship
- Ideal for solo entrepreneurs
Disadvantages
- Higher compliance than proprietorship
- Cannot add shareholders
- Mandatory nominee requirement
FAQ
Q1. What is OPC registration?
One Person Company (OPC) allows a single individual to form a company with limited liability under the Companies Act, 2013.
Q2. Who can register an OPC in India?
- Indian citizen
- Indian resident
- Only one OPC allowed per person
Q3. Is nominee mandatory in OPC?
Yes. A nominee is compulsory and will take over the company if the owner dies or becomes incapacitated.
Q4. Can OPC raise funding?
OPC has limited funding options. It cannot issue shares to multiple investors and is not ideal for VC funding.
Q5. Can OPC be converted to Private Limited Company?
Yes. OPC can be converted into a Private Limited Company when:
- Business grows
- Additional shareholders are required
Q6. Is OPC better than proprietorship?
Yes, OPC offers:
- Limited liability
- Separate legal entity
- Higher credibility