A One Person Company (OPC) is a type of private company that can be formed with only one member. It is a hybrid of a sole proprietorship and a private limited company. This type of company was introduced in India through the Companies Act, 2013, to support entrepreneurs who want to start their own ventures with limited liability protection.
 

Features of a One Person Company in Delhi

When you go for one person company registration in Delhi you enjoy several features such as:

1) Limited Liability: The liability of the member is limited to the amount of capital invested in the company.
2) Single Ownership: An OPC can be formed with only one member, who can be the owner, director, and shareholder of the company.
3) Easy to Form: The process of forming an OPC is relatively simple and can be completed online.
4) Less Compliance: OPCs have fewer compliance requirements compared to private limited companies.
5) Perpetual Succession: An OPC has perpetual succession, meaning it continues to exist even if the member dies or resigns.

 

 

Benefits of a One Person Company

There are several benefits to registering a One Person Company, including:

1) Limited Liability Protection: The member's personal assets are protected in case the company incurs debts or liabilities.
2) Credibility: An OPC is considered a more credible business structure compared to a sole proprietorship.
3) Easy to Manage: An OPC is easy to manage and operate, with minimal compliance requirements.
4) Access to Funding: OPCs can access funding from banks and other financial institutions more easily compared to sole proprietorships.

 

 

Process of One Person Company Registration in Delhi

If you're looking for One Person Company registration in Delhi then here are the steps you need to follow:

1) Obtain DSC and DIN: The first step is to obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN) for the member.
2) Choose a Name: Choose a unique name for your OPC and check its availability on the MCA portal.
3) File Form INC-32: File Form INC-32 with the Registrar of Companies (ROC) to incorporate the OPC.
4) File Form INC-33 and INC-34: File Form INC-33 and INC-34 with the ROC to obtain a certificate of incorporation.
5) Obtain PAN and TAN: Obtain a Permanent Account Number (PAN) and a Tax Account Number (TAN) for the OPC.
6) Open a Bank Account: Open a bank account in the name of the OPC to start operating the business.