One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and
particularly spectacular possibilities for sole proprietorships and entrepreneurs
who can enjoy the advantages of limited liability, and the benefit of separate
legal entity as well.
INCORPORATION OF OPC
Process of Incorporation of One Person Company (OPC)
1. Obtain Digital Signature Certificate [DSC] for the proposed Director(s)
2. Obtain Director Identification Number [DIN]for the proposed director(s)
3. Select suitable Company Name, and make an application to the Ministry of Corporate Affairs for availability of name
4. Draft Memorandum of Association and Articles of Association [MOA & AOA]
5. Sign and file various documents including MOA & AOA with the Registrar of Companies
6. Scrutiny of documents at Registrar of Companies [ROC]
7. Receipt of Certificate of Registration/Incorporation from ROC