One Person Company
Since its establishment in 2012, Sariwal Consultancy has risen as a prominent provider of
comprehensive legal solutions for businesses and entrepreneurs across India. Our platform
seamlessly connects clients with expert consultations from lawyers, chartered accountants, and
company secretaries, ensuring full compliance with India's legal framework.
With a focus on
efficiency and clarity, we guide clients through the OPC registration process, offering holistic
support and ensuring seamless compliance. Renowned for quality, affordability, and client
satisfaction, Sariwal Consultancy has become a premier online hub for legal services, serving
over 50,000 clients nationwide through our extensive network of 10,000+ professionals across 15
branches.
Advantages of One Person Company Registration
- Private Company Status: As per Section 3 of the Companies Act, 2013, an OPC is classified as
a Private Company.
- Statutory Exemptions: Enjoying various exemptions, an OPC is relieved from holding annual or
extraordinary general meetings. The director can sign key documents, simplifying
administrative tasks.
- Limited Liability: Owners benefit from limited liability, ensuring personal assets are
protected during financial challenges.
- Single Ownership: With a single owner acting as both shareholder and director,
decision-making is streamlined for swift execution.
- Multiple Directors: Despite being single-owned, an OPC can appoint up to 15 directors for
administrative tasks without granting them shares.
- Legal Recognition: Recognized as a Private Limited Structure, an OPC garners trust from
suppliers and customers, enhancing credibility.
- Separate Legal Entity: Operating independently from its owner, an OPC can engage in
contracts, own assets, and pursue legal actions in its own capacity.
- Minimal Compliance: OPCs have minimal compliance requirements, with fewer ROC filings and no
obligation for Annual General Meetings, reducing costs.
- Perpetual Succession: Enjoying perpetual succession, an OPC continues its existence despite
changes in membership or owner departure.
- Easy Transferability: Shares of an OPC are easily transferable, facilitating smooth
ownership transitions through simple procedures.
Registration Process
- DSC and DIN Acquisition: Begin by obtaining a Digital Signature Certificate (DSC) and
Director Identification Number (DIN) for the proposed Director. Our representatives will
handle the online submission upon providing necessary scanned documents and details. DIN and
DSC are typically obtained within 1 to 2 days.
- Name Approval: Submit a list of one to six proposed names to the Ministry of Corporate
Affairs (MCA). Upon availability and adherence to naming guidelines, Name Approval can be
secured within 2 to 3 working days.
- Electronic Drafting of MOA and AOA: Draft the Memorandum of Association (MOA) and Articles
of Association (AOA) electronically using Spice MOA (INC-33) and Spice AOA (INC-34). This
process usually takes 2 to 3 days.
- Company Registration: Once the e-MOA and e-AOA are prepared, submit the incorporation Spice
Form INC-32 along with links to Spice MOA (INC-33) and Spice AOA (INC-34) to the MCA.
Approval for incorporation is typically granted within 5 to 7 days, subject to MCA
processing time. Ensure mandatory filing of forms 49A and 49B with SPICe within 2 days of
submitting SPICe (INC-32) to avoid invalidation of the incorporation application.
