By adding a few new principles in the Companies Act, of 2013, authorities have made a noticeable change in the corporate rules in India. One Person Company is a new concept introduced by the Companies Act, 2013. This led to the recognition of a completely new way of starting businesses that accorded flexibility which a company form of entity can offer, which also provides the protection of limited liability that sole proprietorship or partnership lacked. The recognition of One Person Company was enacted in other countries before the Companies Act, 2013 in India. Typically, it is a firm that is registered and run by a single individual. Entrepreneurs prefer this type of business over a sole proprietorship because they may clone their business and avoid the difficulties associated with registering a sole proprietorship. While registering for the OPC you have to take care about the relevant documents which are given below. In this blog, we will discuss about the documents required for OPC Registration.

Documents Required in Order to Register a One Person Company 

OPC Registration is a simple process, but you’ll need to gather the following paperwork to finish it. The following are the documents required to register OPC-  

1. Director’s and Nominee’s Identity Proof 

Provide the director and nominee with evidence of identity. It may be Voter Card, Aadhar Card, Driving License or Pan Card.  

2. Articles of Association (AOA)  

The Articles of Association (AOA) is a legal document that outlines a company’s mission and operational guidelines. This specific paper describes how duties ought to be carried out within an organization. Even if the specific phrases and elements vary depending on the jurisdiction, the Articles of Association are largely the same. It contains rules regarding the corporate name, goals of the business, shares of equity, structure of the business and rules regarding shareholder meetings.  

3. Memorandum of Association (MOA)  

Any firm is created when a group of people bands together to accomplish a certain goal. The goal is typical of a marketable kind. Any corporation must submit an application in order to be incorporated. The application must be delivered to the Central Registration Centre along with a number of supporting documents. A Memorandum of Association is one of the significant and required documents. Content of MOA must contain Name Clause Situation Clause, Object Clause, Liability Clause, Capital Clause and Subscription Clause.  

4. The Designated Nominee’s Approval 

A One Person Company must be founded with one director and one nominee. In the event of an unfortunate circumstance, the nominee has the authority to act in the director’s place to ensure that business operations are not hampered. The INC-3 Form is used to submit the specified nominee’s consent. The nominee must also provide identification documentation for the procedures. 

5. Affidavit of Director and Nominee 

Affidavits on Forms DIR3 and INC-9 must be submitted by the selected director and Nominee.  

6. Residential Proof of the Office 

At the time of registration, the place of business activity must provide residence documentation. Any utility bill that is less than two months old, such as an electricity, gas, or telephone bill, must be submitted with the ownership documentation and a No Objection Certificate^[1]. If your place of employment is located on rented property, you must provide the rent agreement with all other essential paperwork. 

7. PAN Card 

PAN Card of director and nominee of the company are required during OPC Registration. A copy of the director’s and nominee’s PAN Card must be provided to the concerned authority.  

8. Passport Size Photo 

The form must be submitted with a passport-size photo of the nominee and the appointed director.  

9. DIN and DSC 

Both the DSC and DIN are essential documents for OPC Registration. In this situation, the director is given a special identity number by DIN while the documents are signed online via DSC. 

10. Request for a DIN 

Within the allotted time, each existing Director must receive a DIN. 

11. Submission using the SPICe+ Form 

SPICe+ Form Part B offers for DIN allocation. Continue entering the information in SPICe+ Part B using Form INC-3 and associated attachments. 

12. Forma DIR-3 

Anyone wishing to join an established firm as a director must complete Form DIR-3 with all the formalities. The DIR-3 Form must be signed by the applicant and digitally validated by a company secretary who works full time for the business or by the managing director, director, CEO, or chief financial officer of any existing company where the applicant is hoping to be appointed as a director. Upload the DIR-3 Form and pay the associated cost.  

Conclusion – Documents Required for OPC Registration

The above-mentioned documents are required for OPC Registration. The One Person Company provision of the Companies Act of 2013 permits anyone to form a company under his name as a sole owner or director. Although it is a simple procedure, the documents needed for OPC Registration are described in depth above, because even a single document can be the reason behind OPC Registration rejection. You can contact Bizadvisor.io, if you need professional guidance on any matter relating to OPC Registration. 

Read our article:One Person Company Compliance: An Overview