About One Person Company (OPC)

One Person Company (OPC) is a new type of business entity that allows a single person 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 and operating a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for registering and operating a Private Limited Company or a Limited Liability Partnership (LLP).

Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate. Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, a OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in the event of death of the Promoter. Also, a One Person Company must be converted into a Private Limited Company if it crosses an average annual turnover of Rs. 2 Crores during the relevant period or paid up share capital of Rs. 50 Lakhs and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. Therefore, it is important for the Entrepreneur to carefully consider the features of a One Person Company prior to incorporation.

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Process of One Person Company Registration

1
Upload the required documents & information to our web portal.
2
Choose Package and Pay online with different payments modes available
3
We will apply for Digital Signature and Director Identification Number of proposed directors
4
Check for Company’s Name availability, apply for Name Approval.
5
Prepare MOA, AOA and other necessary incorporation documents.
6
File incorporation documents & obtain Certificate of Incorporation, PAN &TAN.

Documents Required for One Person Company Registration

Our Packages

Basic

INR 7,899/-
  • 1 Class 2 Digital Signature
  • 1 Director Identification Numbers
  • 1 Run Name Approval
  • Rs 1 lakh Authorised Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • Business Current Account
  • Incorporation kit
  • Hard copy - share certificate
  • Udhyog Aadhar Registration
  • GST Registration

Premium

INR 28,899/-
  • 1 Class 2 Digital Signature
  • 1 Director Identification Numbers
  • 1 Run Name Approval
  • Rs 1 lakh Authorised Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • Business Current Account
  • Incorporation kit
  • Hard copy - share certificate
  • Udhyog Aadhar Registration
  • GST Registration
  • Book Keeping
  • Financial statement preparation
  • Income tax return filing
  • MCA return filing
  • Compliance consulting for support
  • 6 Months GST return filing
  • Trademark filing

Frequently Asked Questions

One Person Company is basically a private ltd company in its legal structure and a perfect alternative of an unregistered sole proprietorship firm