One Person Company (OPC) registration is a legal structure in which a single individual can establish and run a company. This concept was introduced in India to support entrepreneurs who want to start and manage their own businesses without the need for additional partners. OPCs provide limited liability to the owner and are governed by the Companies Act, 2013.
Here are the key steps involved in registering a One Person Company in India:
Obtain Digital Signature Certificate (DSC): The first step is to obtain a Digital Signature Certificate (DSC) for the proposed director and subscriber. This certificate is required for filing forms electronically with the Registrar of Companies (RoC).
Director Identification Number (DIN): The next step is to obtain a Director Identification Number (DIN) for the sole director. This can be done by filing Form DIR-3 online.
Name Reservation: You need to apply for the reservation of a unique name for your OPC using Form INC-1. The name should include “One Person Company” to indicate its structure.
Drafting Memorandum of Association (MOA) and Articles of Association (AOA): Prepare the MOA and AOA of the OPC, specifying its objectives and rules for operation. These documents must be filed with the RoC.
Subscriber Agreement: The sole member of the OPC needs to sign a subscriber agreement, which is part of the incorporation documents.
Filing Incorporation Documents: Prepare and submit the following documents to the RoC:
Form INC-2: Application for incorporation of an OPC.
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