One Person Company Registration

One Person Company is a company that holds a single person as a shareholder and can be contrasted with private companies. These companies get all the advantages of a private company, such as having access to credits, limited liability, legal protection, bank loans, etc.

To avail our services, we charge 499/- as an advance or security payment.

One Person Company Registration

An OVERVIEW-OF ONE PERSON COMPANY REGISTRATION

One Person Company is a farsighted concept for big entrepreneurial dreams or someone who wishes to incorporate micro-businesses but has no sources, time, or means to attract more partners to achieve the business plan. Moreover, OPC Registration’s idea can be considered a combined structure of the  Sole proprietorship  and  Private Limited Company. 

Hence, the concept of One Person Company enjoys the best of two worlds.

One person company

what are privilege of one person company

Benefits and the advantages attached to the idea of registration of One Person Company Registration:

    • No Minimum Capital Requirement: In One Person Company Registration, there is no fixed capital or minimum amount required. But, the maximum authorized capital must not reach above the limit of Rs. 50 Lakhs in the case of a one person company in India.
    • Limited Liability: Another essential benefit affixed with the notion of One Person Company registration is “Limited Liability.” This means the liability of the concerned Director is limited to the extent of capital contributed by the business. Moreover, the personal assets and belongings of the Director will not be attached in case of any loss incurred in the business.
    • Fewer Compliances: Compared to any other company, the compliance requirements are very less in One Person Company Registration. So,  OPC registration can be done quite easily with minimum paperwork.
    • Perpetual Succession: The term continuous succession means that the death or sickness or any director’s inability will not influence the ongoing affairs of the business as the nominee will hold the position of member and Director in the Company.
    • Greater Creditability:  One Person Company is bound to get its books of account audited annually. Which will, in return, increase the business reliability also customer and vendor satisfaction. 
    • No Legal Disputes: It is important to note that it ends the possibility of any future legal conflicts between the Director or any third party whenever a company registers itself as a Person Company.
    • Privileges for Small Scale Industries:  One Person Company can enjoy all the advantages granted to the small industries. These profits include easy funding that, too, without installing insurance security to certain managed limits, loans on lower interest rates, privileges for foreign trade policy, etc. Hence, these benefits play an important role in the growth and development of the One Person Company in its opening days of incorporation. 

DOCUMENTS NEEDED FOR INCORPORATING A ONE PERSON COMPANY

The documents needed for the registration of a One Person Company in India are listed:

    • Soft Copy of the owner’s PAN Card
    • Owner’s Passport-sized photograph 
    • Soft Copy of the Aadhaar Card/ Voter identity cardDriving License of the owner. 
    • Soft Copy of the Rent agreement (If in case a rented property)
    • Soft Copy of Electricity Bill or Water Tax Receipt under the name of Registered Office.
    • Soft Copy of the Property papers or the ownership proof (In the case of an owned property)
    • No-Objection Certificate(NOC) from the actual owner. 

To complete the process of One Person Company Registration, the mentioned below Form must be filled: 

    1. Consent of Director in the form DIR-2. 
    2. MOA (Memorandum of Association) and AOA (Article of Association) Subscriber Sheet. 
    3. No-Objection from the actual owner. 
    4. Application for the Company Registration.
    5. Digital Signature  Form.
    6. Declaration of Promoter in the form INC-9.
    7. Declaration of the Promoter-Non-Deposit under the FEMA (Foreign Exchange Management Act) and SEBI (Securities Exchange Board of India). 

procedure for Private Limited Company Registration

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Make a partial payment (Rs.499)

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Note: After completing the process, you have to make the whole payment of the amount. 

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Our Packages

Small

6999
  • All expenses and Government fee
  • 1 Director Identification Numbers (DIN)
  • 1 Class III Digital Signatures (DSC )
  • Certificate of Incorporation
  • PAN Number
  • TAN Number
  • MOA and AOA Drafting
  • Company Identification Number
  • DSC and DIN for additional directors at extra cost
  • Name Approval with Spice+

Medium

9999
  • All Inclusions from Small Package
  • Tax Registration Application
  • MSME Registration
  • INC-20A filing
  • First Auditor Appointment Resolution
  • Bank Account Opening Resolution
  • Employment offer letter
  • Employment Contract
  • Appointment Letter
  • Website Policy
  • Disclaimer Policy
  • NDA
  • Separate Name Approval application (SPICe+ Part-A)

Large

36999
  • All Inclusions from Medium Package
  • Accounting up to 250 entries in entire FY
  • Annual Compliance filing with MCA for a year
  • ADT-1 Filing for First year
  • ITR filing for first year
  • Tax Return filing (up to 100 Invoices per month) for 12 months
  • DIR-3 KYC for 1 DIN holders

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FAQs on One Person Company Registration

you need to follow the steps given below to register: 
    1. DSC (Digital Signature Certificate) application 
    2. DIN (Director Identification Number) application 
    3. Name Approval application 
    4. Documents Required
    5. Filling required Form with the MCA (Ministry of Corporate Affairs)
    6. Certificate of Incorporation

Companies Act, 2013, defines the term “One Person Company” as a company that requires just one person as to its owner and shareholder. Moreover, members of this business structure are nothing but contributors to its MOA (Memorandum of Association), or its shareholders. Hence, an OPC (One Person Company) effectively a business structure or a company with only one shareholder as its member.

Yes, according to the Companies Act, 2013, a company can be established by just one Director and one member. Besides, OPC is a type of company where the agreement requirements are comparatively lesser than that of a Private Limited Company.

Point of DifferenceOne Person CompanySole Proprietorship
Obtaining RegistrationIs mandatorily registered to get itself registered under the Companies Act, 2013Not Compulsory in this business model
Legal status of the entitySeparate legal entityNot recognized as a separate legal entity
Members liabilityLimited up to the extent of the share capitalUnlimited liability
Minimum number of members requiredA Minimum of one person is requiredA Sole Proprietorship does not require members
Maximum number of members requiredMaximum two personsMaximum one person
TransferabilityAllowed to one person onlyNot allowed in the case of Sole Proprietorship
SurvivalExistence will not come to an end as the nominee will become the owner of the said companyExistence of the sole proprietorship comes to an end on the death or retirement of the owner
TaxationThe Tax rate is 30 percent on the profits plus cess and surcharge.Taxed as an individual
Annual filingsFiled with the (ROC) registrar of the company.Income tax returns (ITR) with the registrar of the company.

Only a residential citizen of India is qualified to form a One Person Company in India. The same condition applies to the nominees of One Person Company.

Listed below are the requirements for converting a private company to a One Person Company:

    1. The company must not have a total paid-up capital above Rs 50 Lacs.
    2. The Average Annual Turnover of the previous three years should be less than Rs 2 Crore. Moreover, if the company is newly formed and has not completed the period of three years, the company's turnovers will be calculated from its incorporation.
    3. There should be only 1 shareholder of the Company, that, too, an individual having an Indian nationality.
    4. Besides, the shareholder must be a resident person. A person is considered an Indian Resident if he or she stays in India for 180 days during the immediately preceding financial year.
    5. Lastly, a minor cannot be considered as a member or nominee of a One Person Company.

The given below are the benefits affixed to the concept of One Person Company:

    1. Separate Legal Entity
    2. Minimal Requirements
    3. Single Owner
    4. Limited Liability
    5. Easy Funding
    6. Benefits under Income Tax Law
    7. More Opportunities
    8. Receive Interest on any Late Payment
    9. Benefits of being an SSI (Small Scale Industries)
    10. Increased Trust and Prestige
    11. Credit Rating
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