One Person Company
Simple Incorporation Process
With CAFilings excellent support at best price, Company Registration is a simple process. Required documents for incorporation are generated online.
What is OPC Registration?
A newest form of business introduced by the companies Act, 2013 for the first time in India is One Person company wherein only one person can open a company. However a nominee need to be nominated. As the maximum turnover it can operate with is Rs. 2 Crores only so only small businesses can open One Person Company. It can raise capital only upto Rs. 50 Lac. One Person Company can only be open by an Indian Citizen. OPC can be registered / incorporated as per the law as in the companies act 2013 and the rules made thereunder. One person can act as share holder as well as director of the company, hence more like a one person controlled organization, this is a new concept introduced for the first time in India by the companies act 2013. The word OPC has to be written in the name of the company. OPC where one person owns, controls and manage the organization have a characteristic of proprietorship firm. Once turnover reaches 2 crores or Capital is more than 50 Lac, an OPC has to convert into a private limited company.
- DSC of One Director
- DIN for One Director
- Name Approval of Company
- Incorporation Certificate
- PAN Application for Company
- TAN Application for Company
- DIN & DSC of One Director
- Name Approval of Company
- Incorporation Certificate
- PAN Application for Company
- TAN Application for Company
- GST Registration
- DIN & DSC of One Director
- Name Approval of Company
- Incorporation Certificate
- PAN & TAN Application for Company
- GST Registration
- Trademark Registration
Documents Required for OPC Registration
To be submitted by Director
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned copy of Voter's ID/Passport/Driver's License
- Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Scanned passport-sized photograph
- Specimen signature (blank document with signature)
For the Registered Office
- Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Scanned copy of Notarised Rental Agreement in English
- Scanned copy of No-objection Certificate from property owner
- Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
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Offer Price to OPC Registration - All Inclusive
Complete Feature List |
Basic Rs8,000 |
Silver Rs8,500 |
MSME Rs9,300 |
Importer & Exporter Rs11,800 |
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DSC of One Director |
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DIN of One Director |
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Name Approval of OPC |
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OPC Incorporation Certificate |
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PAN & TAN Application for OPC |
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TDS Return Filing for First Year |
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GST Registration |
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Import & Export Code |
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Advantage of One Person Company (OPC)
Owning Property
A private limited company can purchase, sale, own, possess, enjoy and transfer property rights to anyone in its own name, same as like a person. Moreover, as long as the property of the company exist no claim can be made upon by the shareholder.
Limited Liability
Limited liability implies, the owners or shareholders are not held personally responsible for the liabilities of the company. Limited Liability means the status of being legally responsible only to a limited amount for debts of a company i.e only liable for unpaid shares of capital of the company held by them and not more than that. But for availing this benefit owners or shareholders has to comply with all the applicable laws.
Perpetual Existence
Perpetual succession means uninterrupted existence until it is legally dissolved. A Company being a separate legal person doesn’t matter how many shareholders, directors and officers join or leave, company will continue to exist unaffected by the death or other departure of any person.
Capacity to Sue and to be Sued
As like an individual, companies can also carry out legal proceedings and to bring a suit in the court of law can be sued in the court of law as they are distinct & independent legal entities different from its owners, promoters & directors and also bring a legal action in another person’s name.
Distinct Legal Entity
A company has a separate legal entity identity, from its owners or shareholders. Companies are having distinct legal entity which is different from its promoters and is treated separate under law with the registration of the company according to the law in force.
Borrowing Capacity
Companies not only has more options for taking financial assistance from financial institutions and banks but also enjoys an advantage of borrowing funds, the option of issuing debentures and convertible debentures are always available to it.
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Compare your Options
Category |
Private Limited Company |
Limited Liability Partnership |
One Person Company |
PartnershipFirm |
Sole Proprietorship |
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Ease Accommodation Investment |
Very easy to accommodate |
Possible, but unlikely |
Possible, but severely unlikely |
Almost impossible |
Impossible |
| Limited Liability Protection | No | Yes | Yes | Yes | No |
| Tax Advantages | Few benifits | Most efficient | Few benifits | Minimal | Minimal |
| Perpetual Existence | Yes | Yes | Yes | No | No |
| Statutory Compliances | High | Low | High | Minimal | MInimal |
| Startup Tax Exemption | Yes | No | No | No | No |
