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One Person Company Registration

Need to register a one person company?

One Person Company Registration Starting at Just Rs.12,499/- (Inclusive of all Govt. Fees).

About One Person Company

One Person Company is a new type of business entity that allows a single entrepreneur to operate a corporate entity with limited liability protection.

The concept of One Person Company (OPC) in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a OPC is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Similar to a Company, a OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate. The OPC is one of the most credible structure and preferred over a Proprietorship.

Though a One Person Entity allows a lone Entrepreneur to run a business with Limited Liability protection, a OPC does have a few limitations. For instance, every OPC must nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. Also, a OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year. Therefore, it is important for the Entrepreneur to carefully consider the features of a OPC prior to incorporation.

ADVANTAGES OF ONE PERSON COMPANY

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.


Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

OPC has less compliances compared to other business entities.

ONE PERSON COMPANY INCORPORATION PROCESS

Obtaining DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Director of the OPC. DIN and DSC can be obtained for the proposed Director within 1 day.

Name Approval

A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 1 day.

OPC Incorporation

Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 2 days, subject to their processing time.

Success is focusing the full power of all you are on what you have a burning desire to achieve.

DOCUMENTS REQUIRED FOR ONE Person COMPANY Registration

Documents Required for Private Limited Company

Directors & Shareholders

  • PAN Card;
  • Election ID / Aadhar Card / Passport / Driving License;
  • Photograph;
  • DSC Form Download Format;
  • Bank Statement / Telephone Bill / Electricity Bill / Gas Bill

For Registered Office

Rented Property

  • Latest Electricity Bill;
  • Rent Agreement


Owned Property

  • Latest Electricity Bill;
  • Index 2, Property Tax Receipt;
  • NOC from the owner on the name of any director
Starter
12,499
/-

(Inclusive of all Govt. Fees).

DSC
DIN
Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
BASIC WEBSITE




Get Started

Standard
13,999
/-

(Inclusive of all Govt. Fees).

DSC
DIN
Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
One Year TDS Filing
GST Registration
BASIC WEBSITE


Get Started

Premium
23,999
/-

(Inclusive of all Govt. Fees).

DSC
DIN
Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
One Year TDS Filing
GST Registration
One Year ROC Compliance
Trademark Registration
BASIC WEBSITE

Get Started

FAQs OF ONE PERSON COMPANY

What is the minimum share capital of a one person company?

Rupees One lakh (INR 100,000). However the requirement of minimum share capital may go up if certain words such as India (INR 500,000), Asia (INR 5,000,000), Global, Universal, Industrial (INR 10,000,000) are chosen as part of the company’s name.

Is an office required for a one person company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

How much time does it take to incorporate a company?

We can incorporate an OPC in 7-8 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

What needs to be done to obtain a DIN?

An application needs to be submitted to the MCA DIN Cell to obtain a DIN.

Do I have to be physically present in person to incorporate a company in India?

No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email. Some documents will also have to be couriered to us.

Can a OPC converted into Private Limited Company?

Voluntary conversion

When a One Person Company gets incorporated, it cannot convert itself to Private or Public company for a period of not less than two years from the date of incorporation. Means if you want to get converted voluntarily you have to wait for two years to over.

Compulsory Conversion

When a One Person Company has a paid-up capital more or equal to Rs. 50 lakhs or, the Annual turnover for the relevant financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into Private Limited Company or Public Limited Company.

Can an NRI / Foreign National be a director in a One Person Company?

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

Can a Salaried person become the director in One Person Company?

Yes, a salaried person become the director in an OPC, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.

How long is the company valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

Is an office required to open a company?

No you can open a company to your residential address there is no requirement to have a commercial place to open up a company.

For Registered Office Address

  • Rent agreement along with latest rent receipt (in case the premises are rented)
  • House tax receipts (in case premises are owned)
  • Electricity bill
  • NOC from the Owner (Format will be shared once your company name approved)
How to choose the name of the company?

First ensure that company name is not similar to any other Private Limited, OPC, LLP or Public limited company. Also, do check if your first is not a registered trademark taken by anybody under the IP Act.

Also, make sure the name is not too generic to be accepted by the ROC and also, try not to use abbreviations, adjectives.

While choosing the name make sure that name should contain the objective of the business like if the objective is IT then the name should contain Technology, Technosoft or IT consultancy.

Compare Your Options


Sole Proprietorship Partnership Firm Limited Liability Partnership One Person Company Private Limited Company
Recommended For Small manufacturers & traders Home businesses Professional services firms Solo promoters Start-ups and growing companies
Limited Liability Protection No No Yes Yes Yes
Tax Benefits High High Moderate Moderate Moderate
Perpetual Existence No No Yes Yes Yes
Statutory Compliances Minimal Minimal Low High High

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