About


One Person Company means a company which has only one person as a shareholder as well as the Director

The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013, thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. OPC is a hybrid of Sole-Proprietor and Company form of business, and has been provided with concessional/ relaxed requirements under the Act.

Benefits


Separate Legal Entity

In the eyes of law, OPC is a separate legal entity and can own property and also incur debts.

Limited Liability

The directors' personal property is always safe in OPC, no matter the debts of the business.

Lesser Compliance

OPC gets freedom from complying with many requirements as normally applicable to Private Companies.

Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.

Perpetual Succession

OPC remains in existence until it is legally wound up.

Documents Required


  • Copy of

    PAN Card of owner

  • Passport size

    Photograph of owner

  • Copy of

    Aadhaar Card/ Voter identity card

  • Copy of

    Rent agreement(If rented property)

  • Copy of

    Electricity/ Water bill (Business Place)

  • Copy of

    Property papers(If owned property)

  • Landlord NOC

    (Format will be provided)

Minimum Requirement


  • Shareholder

    One

  • Director

    Minimum One

  • Nominee

    One

  • Person

    Minimum One

Registration Process


  • 6
    Incorporation Certificate
    5 to 7 days
  • 5
    Submission of MOA & AOA
    3 to 5 Days
  • 4
    Name Reservation
    2 to 3 days
  • 3
    Obtain DSC and DIN
    4 to 5 days
  • 2
    Verification of Information
    2 to 3 days
  • 1
    Collation of Information
    Start

You will get


  • DIN

    For 1 Director

  • Digital Signature

    For 1 Director

  • Approval

    For Name

  • MOA

    AOA

  • registration Fees of

    ROC

  • Pan Card of

    Company

Only an Indian resident can become shreholder for an OPC.

No, NRI or Foreign National cannot be a shareholder for an OPC.

OPC is allowed to have only one shareholder. Further, a nominee is needed.

An individual can form only one OPC at a time. This rule also applies to the nominee.

OPC has to compulsorily convert itself into private limited company or public limited company, incase 
paid-up capital is more than Rs. 50 lakhs or, the annual turnover exceeds Rs. 2 crores.

OPC is a private limted company hence there is no minimum paid-up capital requirement and hence no burden of putting in such a large amount, as previously required, into the company bank account. This amount can be introduced as per the convenience of the business owners.

Yes, OPC needs to do annual filling with ROC each year. Further it has to must maintain books of accounts to comply with statutory audit requirements and submit income tax returns.

No, you needn’t be available in person,  OPC incorporation process is online. A scanned copy of documents can be sent to us via mail, and we will handle the rest

 

Minimum one and maximum 15 directors are required for an OPC and there can be even more than 15 directors after passing Special Resolution.

Compare Your Options


  • Recommended For
  • Limited Liability
  • Accommodate Investment
  • Perpetual Succession
  • Statutory Compliances
  • Tax Advantages
  • Incorporation Document
  • Transferability of Ownership
  • Interest on Capital Contribution
  • Ownership of Assets
  • Maintenance of Accounts and Audit

One Person Company

  • Solo promoters
  • Yes
  • Possible, but severely unlikely
  • Yes
  • High
  • Few
  • MOA & AOA
  • Possible, but unlikely
  • Not allowed
  • Yes
  • Compulsory

Limited Liabilty Partnership

  • Professional services
  • Yes
  • Possible, but unlikely
  • Yes
  • Low
  • Most efficient
  • LLP Agreement
  • Possible
  • Allowed
  • Yes
  • Based on Turnover or Capital contribution
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Private Limited Company

  • Start-ups and growing entities
  • Yes
  • Easy to accommodate
  • Yes
  • High
  • Few
  • MOA & AOA
  • Easy to transfer
  • Not allowed
  • Yes
  • Compulsory
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Public Limited Company

  • Medium to large scale entities
  • Yes
  • Easiest to accommodate
  • Yes
  • Very High
  • Few
  • MOA & AOA
  • Easiest to transfer
  • Not allowed
  • Yes
  • Compulsory
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Proprietorship

  • Small manufacturers & traders
  • No
  • Impossible
  • No
  • Minimal
  • Minimal
  • N.A.
  • Not Transferable
  • Not allowed
  • Proprietor is the sole owner of all the assets
  • Based on Turnover
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