ServicesOne Person Company
DSAWhat is OPC?
A One Person Company (OPC) is a recent concept introduced in India with the Companies Act 2013. It allows a single person to establish a company, which was not possible before. An OPC has the features of a company and the benefits of sole proprietorship. Previously, only sole proprietorship was an option for single individuals to establish a business.
One Person Company registration in India is possible with only 1 director and 1 member, as per Section 2 (62) of the Companies Act 2013. It has fewer compliance requirements compared to a Private Limited Company.
Under the Companies Act 2013, an individual can register a One Person Company in India with only one member and one director, who can also be the same person. It is possible for both resident and non-resident Indians to register an OPC in India.
Simplicity and Autonomy: One Person Company (OPC) is an ideal choice for solo entrepreneurs who seek the simplicity of a sole proprietorship while enjoying the benefits of a corporate entity. Our services streamline the registration process, providing you with the autonomy to run your business efficiently.
Limited Liability Protection: OPC offers limited liability protection, ensuring that your personal assets remain separate from your business liabilities. This added layer of security safeguards your personal finances, providing peace of mind as you navigate the business landscape.
Ease of Compliance: Our experts guide you through the compliance requirements associated with OPC registration, making the process hassle-free. From document preparation to filing, we ensure that you meet all regulatory obligations, allowing you to focus on your entrepreneurial journey.
Single Ownership, Corporate Recognition: With OPC registration, you can enjoy the benefits of corporate recognition while being the sole owner of your business. This structure is particularly advantageous for those who wish to establish a distinct corporate identity without the need for external partners.
Name Reservation: We assist in choosing and reserving a unique and meaningful name for your OPC, ensuring that it aligns with your business vision and complies with regulatory guidelines.
2. Document Preparation: Our team compiles and prepares all the necessary documents required for OPC registration, simplifying the paperwork and minimizing the administrative burden on your end.
3. Filing with Regulatory Authorities: We take care of the entire filing process with the regulatory authorities, ensuring that your OPC registration is completed seamlessly and in compliance with legal requirements.
4. Obtaining Incorporation Certificate: Once the registration process is complete, we facilitate the issuance of the OPC's incorporation certificate, providing you with official recognition as a corporate entity.
- KYC
- Pan Card (Self Attested)
- Aadhar Card (Self Attested)
- Passport Size Photo (Self Attested)
- Voter ID/ Driving
- Licence/ Passport (Self Attested)
- Residential Address proof
- Bank Statement
- Business Address proof
- Latest Electricity Bill
- Rent Agreement
- NOC from owner
- Other Details:
- Mobile number
- Email ID
Frequently Asked Questions (FAQs)
An OPC is a type of company introduced under the Companies Act 2013 in India, which is owned and managed by a single person.
OPCs are easy to set up and manage, require minimal maintenance, and can offer better operational control and taxation benefits. They are an ideal way for small businesses to get started.
An OPC offers the limited liability benefits of a Pvt Ltd as well as the flexibility of an LLP.
A dormant company is a company that has not met its annual compliances and can be struck off after some time. It can be revived for a period of up to 20 years.
OPC is a hybrid of proprietorship and company forms of business, while a private limited company is owned by multiple shareholders.
Yes, statutory audit is mandatory for an OPC.
GST registration for an OPC is necessary if turnover crosses 40 lakhs in case of goods and 20 lakhs in case of services.
Yes, an OPC can raise funds through venture capital, financial institutions, and by converting into a private limited company.
In an OPC, a single person runs a company limited by shares whereas a sole proprietorship means an entity that is run by one individual, and the owner and business are considered as the same entity.
No, an OPC is not required to conduct an Annual General Meeting.
A nominee is an individual who becomes a member of the company in case of the promoter’s death or incapacitation.
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