Incorporating a One Person Company (OPC) in India is a relatively simple process. An OPC is a legal business structure that allows a single individual to start and run a business as a separate legal entity. To register an OPC, certain documents need to be submitted to the Ministry of Corporate Affairs (MCA). In this article, we will discuss the documents required for incorporating a One Person Company in India.
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Director Identification Number (DIN)
Table of Contents
The first document required for incorporating an OPC is the Director Identification Number (DIN) of the proposed director. A DIN is a unique identification number that is assigned to each director of a company. To obtain a DIN, the proposed director needs to submit a DIN application form along with the required documents.
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Digital Signature Certificate (DSC)
The next document required for incorporating an OPC is a Digital Signature Certificate (DSC) of the proposed director. A DSC is a secure digital key that is used to sign electronic documents. To obtain a DSC, the proposed director needs to submit a DSC application form along with the required documents.
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Name Approval Application
The next step in incorporating an OPC is to file a name approval application with the Registrar of Companies (ROC). The name approval application needs to include at least one proposed name for the company, along with a brief description of the business activities.
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Memorandum of Association (MOA)
The Memorandum of Association (MOA) is a legal document that sets out the constitution of the company and the scope of its activities. The MOA needs to be drafted and signed by the proposed director and two witnesses.
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Articles of Association (AOA)
The Articles of Association (AOA) is a legal document that sets out the rules and regulations governing the internal affairs of the company. The AOA needs to be drafted and signed by the proposed director and two witnesses.
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Address Proof
The proposed registered office of the company needs to be submitted as a proof of address. This can be in the form of a rent agreement or a utility bill.
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PAN Card
The proposed director of the OPC needs to submit a copy of their PAN card as a proof of identity.
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Passport Size Photographs
The proposed director needs to submit two passport size photographs along with the other documents.
Conclusion
Incorporating a One Person Company in India requires the submission of certain documents to the Ministry of Corporate Affairs (MCA). These documents include the Director Identification Number (DIN), Digital Signature Certificate (DSC), name approval application, Memorandum of Association (MOA), Articles of Association (AOA), address proof, PAN card, and passport size photographs. By ensuring that all the required documents are in order, individuals can expedite the incorporation process and start their business as soon as possible.
