One Person Company (OPC) Registration Running your own business but need company status? Register as OPC!

One person company (OPC) as a concept allows an individiual to reap benefits of being a company with a limited liability. The individual can take riskier decisions without having to worry about losing personal assets and this has encouraged many startups and young entrepreneurs to register as an OPC. Now that you know of the perks, opt for this plan, and get all the registration , legal and compliance formalities in one place!

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Pricing Plan For One Person Company Registration

Basic Plan

₹7999 6,299
  • DSC & DIN
  • Certificate of Incorporation
  • MOA , AOA, PAN & TAN, PF, ESIC
  • Bank Account Opening Support

Standard Plan

10,999
  • Basic Plan +
  • GST Registration
  • MSME Registration
  • INC-20A filing

Premium Plan

14,999
  • Standard Plan +
  • First Auditor Appointment
  • ADT-1 Filing
  • Share Certificate Issuance

Documents To Be Submitted for One Person Company

DOCUMENTS OF PROMOTERS

  1. Passport Size Colour Photograph
  2. Self attested Pan Card of All Promoters
  3. Self attested Aadhar Card
  4. Identity Proof – Self attested copy Passport or Voter ID Card or Driving License
  5. Address Proof – Recent Month Bank statement , Electricty Bill or Telephone Bill or Mobile Bill

DOCUMENTS FOR REGISTERED OFFICE

  1. Recent Mont Electricity Bill or Telephone Bill , Gas Bill, Mobile Bill (Documents would not be older then 2 Month)
  2. NOC From Owner of Premises

Looking to start the Process? Schedule Appointment with our Startup Experts

Requirement For OPC Company Registration

MINIMUM TWO PERSON

To Register your OPC Private limited company we require at least two persons to act as the initial director & shareholders. and another person will be added as Nominee. The OPC company can have only one Shareholder  & 15 directors.

REGISTERED ADDRESS

The company must be registered at a physical address, known as Registered Address. You need to submit Registered Office Proof & NOC from the owner

RESIDENT DIRECTOR

One director of the company should be resident in India. A Person is considered a resident when it stays in India for over 182 days during the previous financial year.

CAPITAL REQUIREMENT

Invest as per the business’s requirement, & there is no prescribed minimum or maximum capital. However, the ROC Fee is calculated on the capital.

One Person Company Registration Process

Start your business as a OPC. The process begins with the online order at setupfiling.com. Once the order for proprietorship setup is processed, we will initiate the documentation and further process. As said earlier, the process is entirely online, and there is no need for you to visit our office. Please do contact us for any clarification.

Step - 1 Documentation

Documentation plays a significant role in the Registration of an OPC in India. The primary documents of  shareholders and all directors and Nominee such as PAN, ID Proof, and address proof are submitted along with evidence of the Company’s registered address. For the registered address, utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises are filed.

Step -2 Selection of Unique Name of OPC

The name of every Company should be unique and must not violate the name of any other company or someone else trademark. We assist you by conducting a detailed search in the MCA and Trademark database for a possible match of the name.

Step - 3 DSC for Promoter of OPC

DSC (Digital Signature Certificate) is equivalent to the physical or paper signature under the information technology act. For Registration of an OPC, all the applications to ROC are filed in digital format signed by its proposed director. The Incorporation Process for OPC Registration starts with the digital signature issuance for the shareholder and director of the OPC.

Step -4 Name Approval of OPC

The name of the company should be eligible as per the law. To seek the name approval of your company from the ROC, we file an online run application; this is also known as company name registration. The application for name availability is generally disposed of by the ROC within 1 to 2 days.

Step - 5 Filing of Spice Plus Form to ROC for Company Incorporation

After the name’s approval, the spice plus form is submitted to the ROC for the issue of the certificate of incorporation of the Company. The promoters documents, proof of registered address, MOA & AOA are the mandatory attachments of the Spice Plus Form. The entire company registration process is online, and the application is filed with the digital signature

Step - 6 Issuance of Certificate of Incorporation and Other Company Documents

The final stage for the OPC Registration is the Issue of the Certificate of Incorporation of the Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate of the company is conclusive proof of the Registration of One Person Company.
Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the OPC. There is no need to make any separate application.

Comparison among different type of Business Registration Options in India

Features Private Limited Company OPC LLP Partnership Sole Proprietorship

Applicable Law

Companies Act, 2013

Companies Act, 2013

LLP Act, 2008

Partnership Act 1932

No Law Applicable

Number of members

2 - 200

1

2 - Unlimited

2 - 20

1

Number of Directors /DP

2 - 15

1-15

2 - Unlimited

1-20

1

Formation

Through ROC

Through ROC

Through ROC

Agreement

Easy

Tax Benefits

The income tax rate for companies engaged in manufacturing activities is only 15%, while for all other newly set up companies it is 22%

The income tax rate for companies engaged in manufacturing activities is only 15%, while for all other newly set up companies it is 22%

LLP Income Tax Rate is 30% on its profits

Partnership firms are taxed at 30% on its profits

For a small business with low turnover, there is the benefit of individual tax slabs.

Statutory Compliance

High

High

Low

Low

Minimum

Foreign Investment (FDI)

Foreign Direct Investment in case of a Private Limited Company is available under the automatic route.

FDI is not allowed in One Person Company

FDI in LLP Is permitted at par with the companies

FDI not Allowed 

FDI not Allowed 

Separate Legal Entity

A Company is a separate legal entity separate from its promoters

An OPC is a separate legal entity separate from its promoters

An LLP is a separate legal entity separate from its promoters

A Partnership is a legal entity but not different from partners

The proprietor and the proprietorship business is the same thing

Limited Liability

Liability Limited - Shareholders of a Company are bound to pay only up to the capital they have subscribed to the company.

Liability Limited - In OPC, unlike a proprietorship, the shareholder cannot be asked to pay beyond his subscribed capital

Liability Limited - The partners of an LLP can be called upon to pay only up to the amount of capital they subscribed to.

Liability Not Limited - There is no protection of limited liability, even the personal properties of partners are at risk for losses of business

Liability Not Limited - The proprietor is the whole sole of the business, and his liability to the debts or losses of proprietorship is unlimited.

Ownership Transferability

The shareholding of a Pvt Ltd Company is easily transferable

OPC Shares can be transferred to new shareholder along with the nominee

In LLP contribution/share of a partner can be transferred with the consent of all other partners.

Not Possible, every admission or removal of a partner amounts to the new firm.

Not Applicable

Perpetual Existence

A Company exists beyond the life of its owners /shareholders. After the death, the shares transmits to legal heirs

OPC Continues to exist even after the death of its only shareholder, as it passes to the nominee.

The LLP also have perpetual existence and exists beyond the life of the designated partner

No perpetual existence, with the death of a partner, the partnership ends.

No perpetual existence, with the death of the proprietor, it ends.

Frequently Asked Questions

Please Refer following Link - click here 

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.

All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.

There is no difference in capital requirement between an OPC and a private limited company. It needs an authorised 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.

An OPC has certain limitations. The person starting the business is its only director and shareholder. There is also a nominee director, but this person has no power whatsoever for raising equity funds or offering employee stock options. The nominee exists only to take over in case of the death or incapacitation of the director. The nominee is chosen by the director, and can be anyone, such as your spouse, parents or siblings. The nominee will need to provide identity proof during registration.

For incorporation of a One Person Company under the companies act, 2013, anyone from below list of the document is acceptable as Identity Proof of the director or shareholder or the proposed One Person Company.

  1. Passport or 
  2. Driving License or 
  3. Voter ID Card and 
  4. PAN card and adhar card 

For OPC Incorporation, any one document from below list of address proof of the director or shareholder is acceptable. The document in support of address proof should not be older than two months.

  1. Bank Statement or Passbook with the transaction entry or 
  2. Electricity Bill in the name of the promoter or 
  3. Telephone bill, or any other Mobile Bill or
  4. Utility bill in the name of promoters like Gas Bill

Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one-person company, any other person is nominated as the nominee with their Consent.

A One Person Company is incorporated with a physical address to be declared as the registered office of the newly registered OPC. Following are the list of the documents which is acceptable as proof of premises where the registered office of the company is situated. The premises proof should not be older than two months.

  1. Electricity Bill or
  2. Gas Bill or
  3. Telephone Bill or
  4. Mobile Bill and
  5. NOC from the owner

Before a One Person Company occupies any premises as its registered address, a no objection certificate must be obtained from the owner of the premises. Similarly, at the time of filing for company registration, we need a NOC from the current owner of the premises along with proof of ownership as explained above.

Both the proprietorship and one person company is a venture owned by a single owner; the proprietors are liable for all the business's debts, whereas the OPC protects limited liability to its shareholders.

Please click here to know the difference between OPC and Sole Proprietorship.