Company registration is a pivotal step for any business, providing protection, limited liability, and fostering growth. In India, the concept of ‘One Person Company’ (OPC) emerged under the Companies Act 2013, allowing a single individual to form a company with reduced compliance compared to private companies. This article outlines the essential documents required for OPC registration.
Prerequisites for OPC Registration
Before initiating OPC registration, ensure a minimum of one person is involved, complying with the Companies Act, 2013. A single individual can serve as both director and member but limited to one OPC. One director must be an Indian resident, and the minimum authorized and subscribed share capital is Rs. 1 lakh. The chosen name must be unique and distinguishable.
Documentary Requirements
- Digital Signature Certificate (DSC): Obtain a DSC, crucial for registration. Authorized agencies appointed by the Controller of Certification Agencies issue DSCs with a validity of one or two years. Ensure DSC validity or apply for a new one before registration.
- Director Identification Number (DIN): Apply for DIN in the SPICe Form, including the proposed director’s name and address proof.
- Company Name Approval: Submit Form SPICe+ 32 to get the company name approved. Only one preferred name can be provided, along with its significance. If rejected, reapply with another name.
- Documents for ROC Submission: After MCA approval of the company name, the following documents need to be submitted to the Registrar of Companies (ROC):
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Affidavit and consent of the proposed director
- PAN card and address proof of the director
- Address proof of the registered office
With these documents in order, the OPC registration process can proceed seamlessly, offering a legal framework for the business.
