Public Limited Company Original price was: 34,900.00 ₹.Current price is: 29,900.00 ₹.
Back to products
Limited Liability Partnership LLP Original price was: 7,199.00 ₹.Current price is: 6,199.00 ₹.
Sale

One Person Company

Original price was: 7,199.00 ₹.Current price is: 6,199.00 ₹.

Required Documents

Director Documents:

  1. Photo
  2. PAN
  3. Aadhar
  4. Address Proof (e.g., utility bill)
  5. Proof of Identity (e.g., driving license)

Registered Office Address:

  1. Utility bill in the owner's name
  2. Rent agreement or NOC from the owner.
Services
Company Name Precheck

Certificate of Incorporation
Current Bank Account*
PAN
TAN
1 DIN
eMOA
eAOA
(1 Indian Director, 1 Shareholder and Authorised Capital of Rs. 1,00,000)

Description

Overview of OPC Registration

One Person Company (OPC) registration in India offers a simple corporate structure for individuals wanting to run a business independently. Introduced in 2013, the OPC model merges the benefits of a sole proprietorship and a corporate entity, with fewer compliance requirements compared to a Private Limited Company. OPC allows a single promoter full control over the business while limiting personal liability.

What is a One Person Company?

A One Person Company (OPC) is a business entity where one person acts as both the director and shareholder. Defined under Section 2(62) of the Companies Act, 2013, it grants a single individual the authority to operate a business while minimizing personal risk and obligations. An OPC can be established with only one director and one member, making it an appealing choice for solo entrepreneurs.

How to Register a One Person Company (OPC)?

Registering an OPC is straightforward and can be completed online with professional assistance. The steps include:

  1. Consultation: Verify eligibility and gather required documents.
  2. Name Reservation: Assist in finding a unique name for the company.
  3. Apply for DSC & DIN: Obtain Digital Signature and Director Identification Number.
  4. Prepare Documents: Draft necessary incorporation documents like MOA and AOA.
  5. File Registration: Submit all documents to the Ministry of Corporate Affairs (MCA) for incorporation.

Why Choose One Person Company Registration?

Registering as an OPC offers numerous advantages, including:

  1. Single Ownership: Operate independently without needing co-founders.
  2. Secure Company Name: Protects the business name from being used by others.
  3. Limited Liability: Personal assets are safeguarded against business liabilities.
  4. Easier Financing: Improved credibility can facilitate loans and credit.
  5. Tax Benefits: Lower income tax rates compared to sole proprietorships.
  6. Nominee Provision: Ownership can be transferred to a nominee in case of the owner’s demise.

Eligibility for One Person Company Registration

To register as an OPC, the following criteria must be met:

  • Indian Citizenship: The director must be an Indian citizen and resident.
  • Age Requirement: The promoter must be at least 21 years old.
  • Nominee Appointment: A nominee must be chosen, with KYC details provided.
  • Capital Requirements: No minimum capital is needed, but a minimum authorized capital of ₹1 lakh is required.
  • Unique Company Name: The chosen name must not resemble existing companies or trademarks.

Advantages of One Person Company Registration

  • Limited Liability Protection: Directors’ personal assets are safeguarded.
  • Enhanced Reputation: Easier access to loans with a registered business identity.
  • No Outsider Interference: The owner maintains full control.
  • Lower Compliance: Fewer regulations than other corporate entities.

Step-by-Step Process for Online One Person Company Registration

  1. Day 1: Verify eligibility, apply for DSC & DIN.
  2. Days 2-3: Apply for name reservation, draft business objectives, prepare incorporation documents.
  3. Days 4-5: File incorporation forms and apply for PAN and TAN.
  4. Days 6-10: Await government processing and receive the Certificate of Incorporation.

Difference Between One Person Company and Sole Proprietorship

Feature Sole Proprietorship One Person Company (OPC)
Legal Status Not a separate legal entity Recognized as a distinct legal entity
Liability Owner is personally liable for all debts Liability limited to shareholding
Compliance Fewer compliance requirements More compliance requirements
Fundraising Limited to personal savings or loans Can raise funds from external sources
Taxation Income tax ranges from 10-30% Flat income tax rate of 25%
Business Continuity Ceases to exist upon the owner’s death Continues through nominee upon owner’s death

How We Can Help with One Person Company Registration

Our experienced team provides hassle-free online company registration services in India. We offer comprehensive support throughout the process, ensuring compliance with MCA regulations. Upon completion, you will receive:

  1. Certificate of Incorporation
  2. Commencement of Business Certificate
  3. Director Identification Number
  4. Company’s PAN and TAN
  5. Digital Signature for the director
  6. Memorandum and Articles of Association
  7. ROC Registration Fees Challan