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Follow these steps to register for a one-person company.
Now you need to fill out the online forms with the MCA, and all the documents must be attached to the form SPICe+, SPICe-MOA, SPICe-AOA, with DSC of the professional and director, and you need to upload the will to the MCA website for approval. For the incorporation company, PAN and TAN numbers will be automatically generated; there is no need to apply for a separate PAN and TAN application.
I tried handling the incorporation myself initially, but I realized there were quite a few compliance details to understand.
One issue I faced was that my preferred company name was considered too similar to an existing company, so I had to submit another name. That added a few extra days to the process.
After that, the registration went smoothly. My advice is to spend some time checking the naming guidelines before filing because it can save you from unnecessary delays.
I registered an OPC earlier this year for my software consulting business. I used a company secretary because I wasn't familiar with the MCA filing process.
The basic steps involved choosing a company name, preparing the incorporation documents, obtaining the required digital signatures, and submitting the incorporation application through the MCA portal. Once everything was accepted, I received the Certificate of Incorporation.
The process took around two weeks, although it may vary depending on document verification and whether the proposed company name is approved on the first attempt.
What are the eligibility criteria to become a member of a one-person company?
To become a member of the one-person company, you just need to be a natural person who is an Indian resident or Indian citizen. Only under these conditions are you eligible to become a one-person company member. In the above sentence, Indian resident means a person who has stayed in India for a period of below 182 days in a financial year.
Can you please provide me the checklist for registering a one-person company (OPC)?
Here is the checklist to register a one-person company:
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I haven't registered an OPC personally, but I recently helped my brother through the process.
Since he was living outside India, he had to make sure all the identity and address documents met the incorporation requirements. We also confirmed the latest MCA guidelines because some of the rules for company incorporation have changed over the years.
If you're living abroad, I'd recommend checking the latest documentation requirements before submitting your application. Having complete and consistent documents made the approval process much easier.