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One Person Company

One Person Company

Get Started OPC!

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Streamlined 3-Step Process

We've simplified the complex MCA incorporation process into three easy steps for you.

01

Reach out to our experts

Our experienced team offers guidance and assists you in resolving your queries.

02

Provide all the required data

Provide all the documents. Our team will initiate the paperwork on your behalf.

03

How you get your Company?

You will receive the certificate once the registration process is completed and approved by the concerned authority.

Overview

Overview of OPC Registration in India

Prior to the implementation of the Companies Act of 2013, only two people could form a company. The Companies Act of 2013 supports the formation of Person Companies (OPC) in India. It governs the registration and functioning of one person company in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary, one person company doesn't need any group of people to be incorporated.

As per Section 262 of the Companies Act of 2013 and official registration of a one-person company in India is legal. Registering an OPC in India requires a single director and a single member representing the whole firm. This corporation type has very few compliance requirements in comparison with a private corporation.

Key Benefits

Discover why our customers choose this service.

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<h2>Advantages Of OPC Company in India</h2>

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<h3>Legal Standing</h3>

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<p>The member grants the OPC a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status. The member is not personally liable for the company&#39;s loss; instead, his or her liability is limited to the value of the shares that he or she owns. Therefore, the OPC and not the member or director may be sued by the creditors.</p>

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<h3>Easy Access to Funding</h3>

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<p>One person company in India can easily raise money through venture capital, angel investors, incubators, and other sources because it is a private company. Getting money is now simple.</p>

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<h3>Less Conformity</h3>

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<p>The One Person Company (OPC) is given some exemptions from compliance requirements under the Companies Act of 2013. The OPC is not required to prepare the cash flow statement. The secretary of the company is not required to provide any annual reports or maintain any account books.</p>

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<h3>Easy Integration</h3>

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<p>And one person company in India can be easily integrated without any legal hassles. A member also serving as a director should provide the approval for integration. There is no minimum paid-up capital requirement.</p>

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<h3>Easy to Manage</h3>

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<p>Administration of the OPC can be made simple by allowing a single person to both find and lead it. Making decisions is straightforward, and it happens quickly. The member can easily pass both ordinary and special resolutions by writing them down in the minute&#39;s book and getting just one other member to sign them. Because there won&#39;t be any internal disputes or delays, managing the company will be easy.</p>

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<h3>Constant Repetition</h3>

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<p>The OPC has the function of perpetual succession even with only one member. A nominee must be chosen by the single member when incorporating the OPC. The candidate will take over the operation of the company in the event that a member passes away.</p>

Choose Your Plan

Select the plan that best suits your business needs.

Basic

Register your Person Company at the Ministry of Corporate Affairs Drafting &amp; Filing by CA/CS, Expert advice by CA/CS MCA processing and CIN Spice+ Part A, Spice + Part B Company PAN &amp; TAN MOA AOA Allotment of 1 DIN ESI and PF registration GST registration and Current account opening in your nearest branch

₹8,999.00 / plan
  • Register your Person Company at the Ministry of Corporate Affairs
  • Drafting & Filing by CA/CS, Expert advice by CA/CS
  • MCA processing and CIN
  • Spice+ Part A, Spice + Part B
  • Company PAN & TAN
  • MOA
  • AOA
  • Allotment of 1 DIN
  • ESI and PF registration
  • GST registration and Current account opening in your nearest branch
Select Plan
Recommended

Standard

Register your Private Limited Company at the Ministry of Corporate Affairs Drafting &amp; Filing by CA/CS Expert advice by CA/CS MCA processing and CIN Spice + Part A, Spice + Part B Company PAN &amp; TAN MOA AOA Allotment of 1 DIN ESI and PF registration GST registration Digital Signature Current Account Opening in your nearest branch The 1st Board Resolution documentation Consent Letter drafting, the appointment of the Auditor INC-20A commencement of business financial statements preparation MCA annual return filing and DIR-3 Director KYC

₹12,999.00 / plan
  • Register your Private Limited Company at the Ministry of Corporate Affairs
  • Drafting & Filing by CA/CS
  • Expert advice by CA/CS
  • MCA processing and CIN
  • Spice + Part A, Spice + Part B Company PAN & TAN
  • MOA
  • AOA
  • Allotment of 1 DIN
  • ESI and PF registration
  • GST registration
  • Digital Signature
  • Current Account Opening in your nearest branch
  • The 1st Board Resolution documentation
  • Consent Letter drafting, the appointment of the Auditor
  • INC-20A commencement of business
  • financial statements preparation
  • MCA annual return filing and DIR-3 Director KYC
Get Started

Requirements

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<h2>Checklist for One-Person Company Registration</h2>

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<ul>

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<li>Maximum and minimum membership requirements must be met</li>

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<li>There should be a nominee chosen before incorporation</li>

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<li>Use Form INC-3 to request the nominee&#39;s approval</li>

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<li>The Companies (Incorporation Rules) 2014 mandate that the OPC name be selected</li>

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<li>The minimum authorised capital of ?1 Lakh</li>

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<li>DSC of the potential director</li>

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<li>Evidence of the OPC&#39;s registered office.</li>

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</ul>

Types

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<h2>Features of One Person Company</h2>

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<h3>Easy Succession</h3>

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<p>Despite having a single person running all the daily activities of the company, OPC provides options for perpetual succession. After the demise of a member of the company, the nominee can run the company.</p>

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<h3>Limited Liability</h3>

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<p>The member in a one-person company has limited liability. Since OPC is a registered company it is treated as a separate legal entity providing greater protection to its members. The liability of the member is limited to their shares so they are not liable for any losses conducted in the company. In case of bankruptcy, the creditors can sue the company and not the director of the company for procuring the company&#39;s debt.</p>

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<h3>Sole Directorship and Shareholder</h3>

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<p>In a Person Company, a single member acts as a director so they stand liable for managing the company&#39;s day-to-day activities. In this case, there is no need for an executive director to run the daily needs. A single member is more than sufficient and acts as a shareholder with all responsibilities.</p>

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<h3>Ownership in Property</h3>

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<p>Since the OPC is treated as a separate legal entity the person has the right to hold property related to business and other assets in their name. The properties including machinery factories, residential property, buildings, and other assets cannot be claimed by another person. As per law, the OPC can acquire property directly under its name.</p>

Required Documents

check_circle <h3>Document Required</h3>
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check_circle <li>Address proof</li>
check_circle <li>Aadhaar card</li>
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check_circle <li>Photo</li>
check_circle <li>Email Id</li>
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Why Choose Legal Bharat Services?

We provide end-to-end support to ensure your business journey starts on a solid legal foundation.

Expert Assistance

Guidance from experienced CAs, CSs, and Lawyers at every step.

MCA Compliance

100% adherence to Ministry of Corporate Affairs guidelines and rules.

Hassle-Free

We handle all the complex paperwork and documentation for you.

Fast Processing

Swift turnaround time with proactive follow-ups with the ROC.

Frequently Asked Questions

Who can register for an OPC?
OPC company registration can be done only by Indian residents, and that too only one at a time, as per the specifications of the Ministry of Corporate Affairs.
What are the mandatory requirements of an OPC?
All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the ROC
How much capital is required to start an OPC?
There is no difference in capital requirement between an OPC and a private limited company. It needs an authorized capital of ₹1 lakh, to begin with, but none of this actually needs to be paid up. This means that you don’t really need to invest any money into the business.
What are the tax advantages available to an OPC?
No general advantages; though some industry-specific advantages are available. Tax is to be paid at a flat rate of 30% on profits, Dividend distribution tax applies, as does minimum alternate tax.

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