One Person Company

Simplify Your One Person Company (OPC) Registration Process with Fincto

At Fincto, we help you navigate through the intricate process of One Person Company (OPC) registration in India.

We leverage technology to ensure your OPC registration complies with all legal requirements, delivering all essential documents in a timely manner. Using our services, you can complete the registration process in just 20 days, allowing you to focus on your business goals. Our platform offers easy-to-use features, making company registration a breeze.

Why Register as a OPC Company?

Registering your business as a private OPC can unlock numerous benefits, including:

As an OPC, you can solely manage your business
OPCs generally have fewer regulatory burdens than other company types
As a sole owner, make decisions without needing consensus
OPCs can quickly execute business strategies due to sole control
OPC structure can attract investors, enhancing funding potential

Steps to a Successful OPC Company Registration

Embark on a successful OPC registration journey with Fincto. Our platform simplifies the process into four key steps, ensuring a hassle-free experience:

Eligibility Check and Document Gathering

Confirm your eligibility for OPC registration and compile all necessary documentation

Acquisition of DSCs and DINs

Request and obtain Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for the OPC director or member

Company Name Reservation

Submit a name reservation request via Form Spice+ on our platform for your OPC

Application for PAN and TAN

Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your new OPC

As part of our comprehensive registration package, we provide DSCs, DINs, assistance in selecting the perfect company name, and PAN and TAN applications. Additionally, we support you in the drafting of your articles of association and facilitate the opening of a zero balance current account with DBS or ICICI bank. Trust Fincto for your end-to-end OPC registration needs.

Launch Your One Person Company (OPC) with Fincto's Simplified Registration Process

Navigating through the complexities of OPC registration can be daunting, but Fincto is here to make it easier for you. We offer comprehensive services tailored to meet all your compliance requirements, guiding you every step of the way.

RUN Name Approval

Submit your name approval request to the MCA via our platform. Once you provide potential names and outline your business objectives, you can typically expect name approval within just five working days

Obtain Director's DSC

Secure a DSC from an authorized entity for each director involved. If your OPC includes foreign national directors, we guide you in apostilling necessary documents like passports

Company Incorporation Application

After obtaining the DSCs, you can proceed to submit the company incorporation application, along with the MOA and AOA. Once approved by the MCA, your Incorporation certificate and PAN are issued

Stay Compliant-Post-Registration Steps

Keep in mind that company registration is only the beginning. To avoid any legal complications, ensure to adhere to these post-registration obligations:

Appointment of Auditor

Within 30 days of incorporation, appoint a certified Chartered Accountant (CA) as your company's auditor

Director DIN KYC

Make sure to complete the annual DIN KYC process verification for all individuals holding a Director Identification Number (DIN)

MCA Annual Filings and Income Tax Filing

Submit your financial statements to the MCA and file an income tax return every financial year

Commencement of Business

Within 180 days of incorporation, deposit the subscription amount specified in the MOA and establish a current bank account

Ready to Kickstart Your OPC? Here's What You Need:

To kickstart your private limited company, ensure the following:

Directors and Members

At least two directors (max 200 members), each with a DIN. One director should be an Indian resident.

Business Name

Select a unique name representing your company's main activity. Registered Office Address: Provide your business's permanent address, be it residential or commercial

Also, prepare these essential documents for online registration:

Identity and Address Proof

Scanned copies of PAN card or passport, voter ID/passport/driving license, recent utility bill, director's passport-sized photo, and signature.

Registered Office Proof

Scanned copies of a recent utility bill, notarized rental agreement (if rented), NOC from property owner, and sale/property deed (if owned).

Restrictions on One Person Company

While OPC offers significant advantages, it also comes with certain restrictions:

Not Apt for Scalability

OPCs are ideal for small business structures but may not be suitable for scaling up with more shareholders, as it is limited to one member at any given time

Higher Restrictions on Business Activities

: OPCs are restricted from conducting non-banking financial investment activities and investing in other corporations' securities

No Clear Distinction Between Ownership and Management

Since OPC has a single person acting as both the director and management, there is no clear distinction between these roles, potentially leading to ethical challenges

Advantages of OPC Company in India

Legal Standing
Easy Access to Funding
Less Conformity
Easy Integration
Constant Repetition

Why Choose Fincto?

Fincto provides a streamlined, completely online solution for private limited company registration, which includes:

Our team of experts will draft the Memorandum of Association (MOA) and Articles of Association (AOA) on your behalf, handling all necessary paperwork with the Ministry of Corporate Affairs (MCA) for incorporation.

DIN and DSC for two Directors
Drafting of MoA & AoA
Registration fees and stamp duty
Incorporation certificate (COI)
Company PAN and TAN
Zero balance current account
GST Registration
EPF & ESIC Registration
Fincto.io streamlines the registration process by submitting a name approval application for your sole proprietorship
The platform facilitates simultaneous allocation for PAN and TAN, providing you with updates on your OPC registration progress.
With Fincto.io, you are assured of comprehensive support and complete coverage, making the OPC registration process smooth and hassle-free. Take the first step towards your entrepreneurial journey with Fincto.io today!

Trust Fincto to simplify your business formation process, enabling a seamless transition from idea to a legally recognized entity. Get ready for a well-informed, growth-oriented entrepreneurial journey with Fincto.

Understanding Key Terms

Amendment

A modification to the existing provisions of a corporation's articles of incorporation

DSC (Digital Signature Certificate)

Issued by certifying authorities for electronic document signing.

Board of Directors

The elected governing body responsible for a corporation's operation. Certificate of Incorporation: The document filed to create a corporation

DIN (Director Identification Number)

A unique identification number for directors. Dissolution: The process that legally ends a corporation's existence

Incorporation

The act of forming a corporation under specific jurisdiction laws

Limited Liability Company (LLC)

An entity with limited personal liability and pass-through taxation

Limited Personal Liability

Protection from the debts and claims against a company

Name Reservation

The process to secure exclusive use of a corporate name for a specific period

Registered Office

The statutory address of a corporation

Testimonials

Customer feedbacks

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