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One Person Company (OPC) Registration

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Overview of One Person Company Registration

  • A One Person Company is a company with a single person who can act as director as well as shareholder.
  • It is a new form of business introduced by the Companies Act 2013, thereby enabling Entrepreneur carrying on the business in the sole proprietor can enter into a corporate framework.
  • It must have a minimum of one director, the sole shareholder can himself be the sole Director.
  • The word “One Person Company” or “OPC” must be mention in brackets after the name of the company to distinguish it from other forms of companies.
  • One Person Company cannot be converted into any kind of company unless two years have been expired from the date of incorporation except in case its paid up share capital exceeds 50 Lakhs or its average turnover during the relevant period exceeds 2 Crores.
  • It can be formed with a minimum capital of Rs. 1 lakh.

Documents Needed

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Authorized person's Aadhar card and Pan card

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Authorized person's Voter ID or Passport or Driving license

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Authorized person's latest Passport size photo

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Latest company located rental or lease agreement and eb bill (For rental place), or Eb bill and property tax receipt (For own place)

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Authorized person's latest 1 month Bank Statement

Benefits of One Person Company registration

  • Easily Setup and recommend to Growing Start-up’s.
  • Easily raise funds from banks, financial institutions and investors.
  • Easy to go expand your business globally.
  • A One Person Company is considered to be a separate legal entity. It has its own identity and very much recognised as a separate company under the law.

Different types of Company Business Structures

Proprietorship Firm
Number of members/Shareholders
Only 1
Number of Directors/Partners
-
Act
No specified Act
Registration
MSME/Udyam, GST, FSSAI, Shop and Establishment Act License, Trade License
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Not Allowed
Incometax Filing Forms
ITR-3 or ITR-4
Compliance
Less
Partnership Firm
Number of members/Shareholders
2-50
Number of Directors/Partners
2-50
Act
Indian Partnership Act, 1932
Registration
Get the Notarized sign or registered in Sub-Registered office
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Less
Limited Liability Partnership (LLP)
Number of members/Shareholders
2-Unlimited
Number of Directors/Partners
2-Unlimited
Act
Limited Liability Partnership Act, 2008
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Moderate
One Person Company (OPC)
Number of members/Shareholders
Only 1
Number of Directors/Partners
Only 1
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
Moderate
Private Limited Company
Number of members/Shareholders
2-200
Number of Directors/Partners
2-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High
Public Limited Company
Number of members/Shareholders
7-unlimited
Number of Directors/Partners
3-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 5 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High

Frequently Asked Questions

01. Who can start a one person company?

Any Indian citizen can start a one person company.

02. Is there any qualification to become a director of One Person Company?

No, anyone can become a director of the company and there is no specific qualification required for becoming the director of the company.

03. How many days take to register a One Person Company in registrationshops?

It will take minimum 10 to 15 days to register a One Person Company in registrationshops. and also it depends on documents submitted by the director, the processing time required for filing forms, the time is taken by the concerned government authorities to may range from one to two weeks.

04. Shall I register my company in a residential area?

Yes, it is possible to use a residential property as a registered office of your company.

05. Shall I change the registered office of a company after that registration?

Yes, you can change your company registered office any time after following the specified procedure.

06. Is it possible to anyone can buy a One Person Company?

Yes, it is also possible to buy a One Person Company in India after following the specified procedure.

*Amount maybe increase or decrease depends upon particular state stamp duty fees, govt fees, gst invoice bills and yearly transaction amount.

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