One Person Company (OPC) Registration

One Person Company(OPC) is the most modern form of business registration done. An individual can start his business with one person alone without anyone else.

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    HERE'S HOW IT WORKS

    OPC Registration is quick, simple, and would be possible online with Taxxinn in 3 plain sailing steps

    1. Fill Form
    Simply fill the above form to get started.
    2. Call to discuss
    Our expert will connect with you & prepare documents.
    3. Get certificate
    Get your Company Incorporation certificate

    One Person Company (OPC) Registration


    One Person Company(OPC) is the most modern form of business that came into existence by the company’s Act 2013.This concept of One Person Company(OPC) was mainly brought in to help out the small entrepreneurs who want to start there own business and who think they can manage their business on there own itself.Previously the law doesn’t permit to register a company with one person. One Person Company(OPC) is treated the same as Private Limited Company as both of the company has the same features to a larger extent.

    One of the biggest advantages of registering one’s business as a One Person Company(OPC) is that an individual can start his business with one person alone whereas this feature is not available in any other company registration like Private Limited Company or a Limited Liability Partnership(LLP) where there is a requirement of minimum two members to start the business. One Person Company(OPC) is similar to Private Limited Company, it is treated is a separate legal entity from its promoter. In simple words, a One Person Company(OPC) is a type of Private Limited Company with one shareholder.

    One Person Company(OPC) is the only company in which 100% of the stake of the company owned by the shareholder this feature is not available in any other company formation. A nominee has to be appointed on a compulsory, This is done to make sure who will take the position of the owner in case of death.

    One Person Company(OPC) is benefiting to a larger extent in developing the Indian economy. One Person Company(OPC)encourages more number of entrepreneurs to commence a business entity. One Person Company(OPC) is appropriate to a small business house where the turnover should be less than Rs. 2 Crores.

    Advantages of registering a business as a One Person Company(OPC)?

    Limited Liability

    The liability of the directors/shareholder is limited to the assets of the company i.e the personal property of the directors/shareholder is not liable to no matter the debts of the business.

    Continuous Existence

    One Person Company(OPC) is a separate legal entity that would be passed on to the nominee, In the case of death of the director henceforth it has continuous existence.

    Greater Credibility

    One Person Company(OPC) has to audit on a yearly basis. It has higher credibility which helps them to get a loan from lending institutions.

    Easy to Sell OPC

    One Person Company(OPC) can be sold to any individual. The process of selling would involve very limited documentation work.

    Full Control over the Company with a Single Owner

    The control of the company is with a single owner which helps to take fast decisions and execution of that.

    Annual General Meeting

    One Person Company(OPC) doesn’t require to have an annual general meeting and even it has no other regular compliance as other entities

    Checklist for Registering a One Person Company(OPC) in India

    In order for One Person Company(OPC) company to be registered in India, below are the conditions that have to be met

    One Director:

    A One Person Company(OPC) must have at least one director and more. There can be 15 of the directors in the business

    Unique Name:

    The name of your business must be Unique. The recommended name should not match any current organizations or trademarks in India.

    Minimum Capital Contribution:

    There is no Minimum capital Contribution to a company. A company should have an authorized capital of in any event Rs. 1 lakh.

    Registered Office:

    The registered office of an organization doesn’t need to be a business space. Indeed, even a leased home can be the registered office.

    OPC Registration Process

    OPC registration procedure is easy but a professional would be needed to complete the same. In addition, the procedure has been completely changed by the government in order to promote the ease of doing business. TaxxInn is experienced in OPC registration with an experience of registering more than 10000 OPC and consulting thousands of OPC partnerships throughout India.

    Company Name search


    The first step of the Company Registration is to ensure that the company name has not been taken by another company. We can search the company name to check the availability of the specific name in India against the MCA and trademark database.

    We Suggest the Company to think of three to four elective names during the approval phase of one Person Company(OPC) Registration. The Ministry of Corporate Affairs will be the final authority to approve the name dependent on the availability rules and guidelines.

    If your favored name is taken, do remember that the name of your Company doesn’t need to be your brand name. However, in case you’re going to trademark your brand name, likewise, check if it has already been trademarked at http://www.ipindia.gov.in/. In the event that it has been trademarked, If it has been trademarked, you would need a no-objection certificate from its owner to have it approved as your company’s name.

    Documents Required

    Identity Proof

    Aadhar Card
    Driving License
    Election Id Card
    Passport

    Address Proof of Business

    Electricity Bill
    Rent Agreement + NOC

    PAN Card

    Passport size Photograph

    What do you get


    Everything to open a bank account and Start your business

    DSC

    Digital signature for two directors to digitally sign the documents

    Memorandum of Association

    Defines the rules and objective of the business

    Articles of Association

    Defines the rules and objective of the business

    Company PAN
    (soft copy)

    PAN number of the company to open a bank account

    Incorporation Certificate

    Certificate of incorporation bearing company's registration number and details

    Company TAN
    (soft copy)

    TAN number of the company

    GST Certificate

    GSTIN number and Certificate for your company

    HIGHLIGHTS

    Limited Liability

    Limited Liability

    OPC is sole proprietorship business with limited liability features

    Separation of Mangement & Shareholders

    Single Owner

    The key feature of OPC is One Person Company managed by a single owner.

    Separate Legal Entity

    Separate Legal Entity

    OPC is a separate legal entity from his/her owner in the eyes of law.

    Perpetual Succession

    Share Transferability

    OPC owner’s equity cannot be transferred freely to others.

    Easy Equity Funding

    Lesser Compliances

    OPC requires less compliances as compare to private & public limited.

    Taxation

    Nomination

    One nominee required who will take over OPC in case owner absence.

    FAQs on OPC Registration

    One Person Company(OPC) is the most modern form of business that came into existence by the company's Act 2013. This concept of One Person Company(OPC) was mainly brought in to help out the small entrepreneurs who want to start there own business and who think they can manage their business on there own itself.
    • Why an individual should prefer OPC?
    • Incorporating OPC is simple.
    • Charges and Expenses are less.
    • Separate legal entity.
    • Liability is Limited.
    Yes, the incorporation cost is cheaper than the Private limited company
    Any individual who is a resident and citizen in India would be eligible to incorporate a One Person Company(OPC).
    No, an individual can't incorporate multiple One Person Company(OPC)
    No, a minor is not eligible to be a member or a director or a shareholder of a One Person Company(OPC).
    Yes' a One Person Company(OPC) can be converted into a PVT Limited company whenever the shareholder wants to do so.
    It gives credibility to business in the eyes of financial institutions, providers and potential customers. As it makes it simpler for companies to get loans at ideal terms from banks or convincing potential customers while going into bargains.
    Yes, It is necessary to mention the word OPC in all the official documents where ever the company name is mentioned.
    The nominee will the legal person who will take over the company after the death of the owner.
    One Person Company(OPC) does not require any minimum capital to form
    If you have all the documents in order, it will take no longer than 10 days. It is dependent on the ROC.

      Get me more details


      Types of Government Registrations

      Recommended For

      Ease of Accommodating Investment

      Limited Liability Protection

      Tax Advantages

      Perpetual Existence

      Statutory Compliances

      Private Limited Company
      Limited Liability Partnership
      One Person Company
      Partnership Firm
      Sole Proprietorship

      Start-ups and growing companies

      Very easy to accommodate

      Yes

      Few benefits

      Yes

      High

      Professional services firms

      Possible, but unlikely

      Yes

      Most efficient

      Yes

      Low

      Sole promoters

      Possible, but severely unlikely

      Yes

      Few benefits

      Yes

      High

      Home businesses

      Almost impossible

      No

      Minimal

      No

      Minimal

      Small traders and manufacturers

      Impossible

      No

      Minimal

      No

      Minimal

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