One Person Company Registration

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What is One Person Company?

A one person company is a company which contains exactly one member.It is a separate legal entity from its promoter and the promoter has limited liability.

Entrepreneurs who are capable of starting a venture on their own can make use of one person company (OPC) in India. In one person company, there is only one shareholder who is an Indian citizen and Indian resident i.e. stayed in India for at least 182 days in the preceding year.

Shareholder nominates another person as a nominee in case of death or incapacity of the shareholder. One person company was introduced in the companies act 2013 to encourage self-employment.You can not incorporate more than one person company or be a nominee of more than one OPC. Rules of OPC company do not permit Non-Banking Financial Institutions.

An affidavit from every subscriber of the memorandum (i.e. members) and first directors, if any, that they have not been convicted of any offence in relation to the formation or management of any company, or have not been found guilty of any fraud or any breach of duty to any company during preceding five years.One Person Company in India is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder.

Timeline

Free Consultation and Documentation

Our Expert team resolve your queries. Our consultation is completely free.

Action Required by you

You Need to fill up the draft, Make Payment and Submit Documents to LegalDocs

Action By Legaldocs

Once the Documents are uploaded we'll start the step -by-step process of Incorporation

Digital Signature Certificate

Digital Signature certificate also known as DSC is used to sign the document digital insted of traditional signature. DSC is necessry for incorporation. With set of documents or with aadhar based e-kyc DSC can be obtained. All directors of company should have DSC.

Action Required by you

You need to share the OTP for e-KYC during DSC

Action By Legaldocs

Once the Documents are uploaded we'll start the step -by-step process of Incorporation

Director Identification Number

Director Identification number or DIN is allocated to each and every director who has formed company. Without DIN, incorporation is not possible.

Action Required by you

You sit Back and Relax

Action By Legaldocs

We'll take care of the whole process in swift manner.

Name Approval

Name Approval or Name Reservation is the process to reserve unique name through Submission of RUN form (Reserve Unique Name)

Action Required by you

You need to sit Back and Relax, In case of Rejection in the names given by you, you need to suggest alternate names.

Action By Legaldocs

we'll take care of End-to-End Name Reservation Process

MOA, AOA and Incorporation

Memorandum of Association, Article of association and incorporation process will be initited upon sucessful name reservation.

Action Required by you

Need to Sign few Drafts and affidavits as in when required.

Action By Legaldocs

Once the Name is approved we'll do the incorporation, MOA and AOA process.

Company Incorporated

Congratulation, your company is incorporated Sucessfully.

Action Required by you

You can Start your Business, also you can start application for your business bank account.

Action By Legaldocs

We'll Dispatch the Documents, DSC on your Given Address, Also we'll for PAN and TAN

Documents Required for OPC Registration

  • Identity proof of director and nominee(PAN card)
  • Address proof of director and nominee(Aadhar card, Driving Licence, Electricity bill, Passport)
  • Address proof of office (Rent agreement or sale deed, electricity bill, property tax receipt)
  • NOC from landlord
  • DSC and DIN of director
  • Passport photo of director

Entity Comparison Guide

TYPEOPCPVTPROPRIETORSHIPPARTNERSHIPLLP
Members12-200Maximum 12-202- Unlimited
Legal Status of EntityConsidered as separate Legal entityConsidered as separate Legal entityNot Considered as separate Legal entityNot Considered as separate Legal entityConsidered as separate Legal entity
Members LiabilityLimited to the extent of share capitalLimited to the extent of share capitalUnlimited LiabilityUnlimited LiabilityLiability of its members is limited
RegistrationRegistered Under MCA and Companies Act 2013Registered Under MCANot CompulsoryOptional/ Can be Registered under partnership Act 1932Registered Under MCA
Transferability OptionAllowed to only one personCan Be TransferredNot AllowedNot AllowedCan Be Transferred
Taxation30% of Profit Plus CESS and Surcharges applicable30% of Profit Plus CESS and Surcharges applicableAs in Individual30% of Company Profit30% of Profit Plus CESS and Surcharges applicable
Annual FilingsFiled with the registrar of the companyFiled with the registrar of the companyIncome Tax Returns with the Registrar of companiesIncome Tax Returns with the Registrar of companiesFiled with the registrar of the company

Eligibility for one person company Registration

  • 1. A person is eligible for exactly 1 one person company.
  • 2. A minor can not be a member or nominee
  • 3. An OPC company cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporate.
  • 4. If paid up capital of an OPC reaches over Rs 50 lakh or average turnover of consecutive 3 years reaches over 2 crores it must be converted into private or public limited company within six months.

Advantages of One Person Company

There is list of features and advantages of OPC Registration in India.

  • Limited liabilities
    OPC gives limited liability to business owner i.e.liability is limited to the amount you have invested.
  • Better than Sole Proprietorship:
    A sole proprietorship ceases to exist on the death of its promoter. In the case of an OPC, the nominee director takes over and the entity continues to exist.
  • Easy transfer of ownership:
    In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.
  • Ability to own property:
    A company can own property like buildings, godowns and can be considered a legal entity.

What is included in our OPC Registration Package?

1-Digital Signature Certificate (DSC)1-Director Identification Number (DIN)Company Name Approval By Ministry
Memorandum of association (MoA) &Articles of association(AoA)OPC Registration Certificate
Permanent Account Number (PAN)Tax Account Number (TAN)

One Person Company Registration FAQs

One person company is a company created by an individual through provision in companies act,2013 to enable entrepreneurs to start a venture on their own.
OPC Registration process is mentioned above.
Any Indian citizen residing in India who is not a minor can start an OPC.
Only one shareholder is there.
Minimum 2 years are needed from the date of incorporation.
Foreign Direct investment is not allowed in a one person company.
A Minor, Foreign citizen, Indian Non resident, a person incapacitate to contract are restricted from Forming a One Person Company.
No. It is not compulsory to hold an Annual General Meeting.

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