One Person Company Registration

Indian citizen who are adult residents can start an OPC. As an Individual you cannot start more than one OPC, but you can be a part of other businesses. A minor however, can be neither member nor nominee in an OPC.

It is person nominated by the sole promoter of the OPC (One Person Company) who in the event of death of disability of the promoter shall assume his/her position. It is mandatorily prescribed in MOA of OPC.

In case the paid up share capital of an OPC exceeds 50 lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public company.

DIN, Director Identification Number, is a unique 8 digit number required by any person proposed to be a Director in the Company.

Digital signature or DSC is equivalent to physical certification but it is relevant electronically. It is needed by concerned department in various forms which required to comply with digital signature.

MOA stands for Memorandum of Association whereas AOA means Articles of Association. While incorporation a company such as Pvt. Ltd, both of these act as essential source of information for various shareholders & other stakeholders.

MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of the Company. 

AOAs are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC).