A One Person Company lets a single entrepreneur in Baramulla enjoy limited liability and a corporate structure without needing a co-founder. It is incorporated through the MCA with the registered office in Baramulla, Jammu & Kashmir.

This guide explains OPC eligibility, the registration process and the compliance a Baramulla OPC must maintain.

What is One Person Company (OPC) Registration in Baramulla?

An OPC is a private company with a single shareholder who also nominates a person to take over in case of death or incapacity. It uses the same SPICe+ incorporation route as other companies.

Only a natural person who is an Indian resident can form an OPC, and one person can incorporate only one OPC.

Eligibility

  • A single Indian resident promoter (shareholder-director)
  • A nominee (Indian resident) named in the incorporation form
  • Not permitted for non-banking financial investment activity

Documents required

  • PAN and Aadhaar of the promoter and nominee
  • Photographs and ID/address proofs
  • Registered office proof in Baramulla
  • DSC of the promoter

Step-by-step process

  1. DSC & name. Obtain a DSC and reserve the name via SPICe+ Part A.
  2. File SPICe+ Part B. Submit incorporation details with the Baramulla office, nominee consent (INC-3), e-MoA and e-AoA.
  3. Certificate of Incorporation. Receive the CIN, PAN and TAN on approval.

More for Baramulla and Jammu & Kashmir

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Frequently asked questions

Can an OPC in Baramulla be converted to a private limited company?

Yes. An OPC can voluntarily convert to a private limited company, and must convert if it crosses the paid-up capital/turnover thresholds.

How many OPCs can one person own?

A person can incorporate only one OPC and be the nominee of only one OPC at a time.