One Person Company Registration | Register OPC Online
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OVERVIEW
What is OPC (One Person Company)?
A One Person Company (OPC) is a kind of privately owned company incorporated under the Companies Act 2013. It can be established by a single individual who can play the role of a director as well as a shareholder of the company.
The concept of OPC was introduced to enable a single individual to incorporate a company. Enjoy OPC Registration benefits, such as perpetual succession, a separate legal entity, and limited liability. The core objective behind introducing OPC was to encourage entrepreneurship and uplift the formalization of Micro, Small, and Medium Enterprises (MSMEs).
Process
Process of One Person Company Registration Online
Below, we have outlined the One Person Company Registration Process to provide clarity.
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Get a Digital Signature Certificate (DSC)
A DSC is a digital signature certificate for directors of a company, used for electronically signing crucial documents. Additionally, a DSC is included as a necessary component in the documentary signature process when establishing an OPC company.
Apply for a Director Identification Number (DIN)
DIN stands for Director Identification Number, and it is used to collect the biographical profile of company members who are known as company directors.
Name Approval Application
Submit an application for your business name reservation via the MCA portal using Form SPICe+ (Part A). However, Make sure the selected name for your company is unique and does not bear resemblance to any existing company or trademark.
Prepare Required Documents
As a one person entrepreneur and the sole owner of a company, you are responsible for preparing the necessary company documents. Once these documents are prepared, you can obtain a company name, like "ABC (OPC) Private Limited Company.
Receive Certificate of Incorporation
After following all these steps, you can legally receive the Certificate of Incorporation for your one person private limited company's name.
Benefits
Benefits of One Person Company Registration (OPC)
OPC Registration provides an opportunity to obtain the significant benefits of a private limited company by being a solo founder.
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Continuous Existence
One Person Company exists continuously regardless of any change in the lifespan of the director. The nominee appointed while doing OPC
Registration Online
Registration online will take over the operations if the death or incapability of the member takes place.
Fewer Compliances
According to the Companies Act 2013, OPC registration needs fewer compliances than a private limited company. Cash Flow Statement & sign of Company Secretary on Accounts books and annual returns are not required. Only the director's signature is required.
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Easy Access to Loans
Since OPC is a form of private company, it is easy to obtain funds from banks and financial institutions.
Easy Incorporation
The whole OPC Registration process is online, making it simple, and quicker. It requires only one member and one nominee; the member can also act as director of the company. No minimum paid-up capital is required eliminating individuals’ barriers to starting his/her own company.
Sole Control
The owner of an OPC has full control over the company’s operations and management, which makes decision-making faster and more efficient.
Eligibility
Eligibility For OPC Company Registration in India
Before you proceed to form a One person Company, certain eligibility criteria must be met. Here are the key requirements to know the eligibility with a glance.
The following are the eligibility criteria for OPC Registration in India.
- A natural person who is an Indian citizen or an NRI can form an OPC, not a legal entity or a company.
- Indian Citizens who reside in India for at least 182 days during the previous calendar year can register one person company.
- No minimum capital requirement for One person Company.
- The promoter must appoint the Nominee.
- The person must have attained the age of 18 years old.
- The person must be not disqualified under the Companies Act,2013
- Businesses related to insurance, banking or investment cannot do OPC company registration.
DOCUMENTS REQUIRED
Documents Required For One Person Company Registration
Here’s a list of required documents for One Person Company (OPC) Registration in India.
Identity Proof:
-
PAN (Permanent Account Number) Card
- Voter's Identity Card/Passport/Aadhar Card of the Shareholder, Nominee & Director
Address Proof of Director:
- Any latest Utility Bill, i.e. Electricity/Telephone Bill/Bank Account Statement of Shareholder, Nominee & Director
Company Address Proof:
- Any Latest Utility bill, including Electricity Bill, Telephone/Mobile Bill or Gas Bill
- No Objection Certificate (NOC) from the owner of the property
Photograph:
- Latest Passport-size photographs of Shareholders, Nominees & Directors
If you have all the above OPC registration documents, meet the eligibility conditions and can arrange the requisite documents, you are all set to kickstart your entrepreneurial journey of OPC Registration.
OPC vs Other
OPC Registration vs Other Business Structure
|
Feature |
Private Limited Company |
Limited Liability Partnership (LLP) |
One Person Company (OPC) |
Sole Proprietorship |
Partnership Firm |
|
Legal Identity |
Separate legal entity distinct from owners |
Separate legal entity |
Separate legal entity |
Not a separate entity |
Not a separate entity |
|
Owner Liability |
Limited to shareholding |
Limited to contribution |
Limited to contribution |
Unlimited personal liability |
Unlimited personal liability |
|
Minimum Members Required |
2 Directors, 2 Shareholders |
2 Designated Partners |
1 Director & Shareholder |
1 Proprietor |
2 Partners |
|
Maximum Members Allowed |
200 shareholders |
No limit |
1 person only |
1 person only |
20 partners (10 in banking) |
|
Foreign Investment (FDI) |
Allowed under automatic route |
Allowed with compliance |
Not allowed |
Not allowed |
Not allowed |
|
Funding Eligibility |
Eligible for equity funding, VC/PE |
Limited funding options |
Limited to debt only |
Not eligible |
Not eligible |
|
Transferability of Ownership |
Shares easily transferable |
Needs partner approval |
Cannot transfer OPC |
Not transferable |
Requires a new agreement |
|
Statutory Audit Requirement |
Mandatory regardless of turnover |
If turnover > ₹40 lakhs or capital > ₹25 lakhs |
Mandatory |
Not mandatory |
Not mandatory unless a tax audit applies |
|
Compliance & Filings |
Moderate to High |
Moderate |
Moderate |
Minimal |
Minimal |
|
Management Structure |
Directors manage the company |
Partners manage the LLP |
Single-owner managed |
Owner-managed |
Partner-managed |
|
Taxation |
Flat 22% (with MAT provisions) |
Flat 22% |
Flat 22% |
As per the individual slab |
As per the individual slab |
|
Name Suffix Requirement |
Must include “Private Limited” |
Must include “LLP” |
Must include “OPC Pvt Ltd” |
No restriction |
No restriction |
|
Compliance with MCA |
Mandatory (ROC filings, annual return, etc.) |
Required |
Required |
Not applicable |
Not applicable |
|
Reputation & Credibility |
Highly trusted by investors and banks |
Moderate |
Moderate |
Low |
Low |
|
Feature |
Private Limited Company |
Limited Liability Partnership (LLP) |
One Person Company (OPC) |
Partnership Firm |
|
Legal Identity |
Separate legal entity distinct from owners |
Separate legal entity |
Separate legal entity |
Not a separate entity |
|
Owner Liability |
Limited to shareholding |
Limited to contribution |
Limited to contribution |
Unlimited personal liability |
|
Minimum Members Required |
2 Directors, 2 Shareholders |
2 Designated Partners |
1 Director & Shareholder |
2 Partners |
|
Maximum Members Allowed |
200 shareholders |
No limit |
1 person only |
20 partners (10 in banking) |
|
Foreign Investment (FDI) |
Allowed under automatic route |
Allowed with compliance |
Not allowed |
Not allowed |
|
Funding Eligibility |
Eligible for equity funding, VC/PE |
Limited funding options |
Limited to debt only |
Not eligible |
|
Transferability of Ownership |
Shares easily transferable |
Needs partner approval |
Cannot transfer OPC |
Requires a new agreement |
|
Statutory Audit Requirement |
Mandatory regardless of turnover |
If turnover > ₹40 lakhs or capital > ₹25 lakhs |
Mandatory |
Not mandatory unless a tax audit applies |
|
Compliance & Filings |
Moderate to High |
Moderate |
Moderate |
Minimal |
|
Management Structure |
Directors manage the company |
Partners manage the LLP |
Single-owner managed |
Partner-managed |
|
Taxation |
Flat 22% (with MAT provisions) |
Flat 22% |
Flat 22% |
As per the individual slab |
|
Name Suffix Requirement |
Must include “Private Limited” |
Must include “LLP” |
Must include “OPC Pvt Ltd” |
No restriction |
|
Compliance with MCA |
Mandatory (ROC filings, annual return, etc.) |
Required |
Required |
Not applicable |
|
Reputation & Credibility |
Highly trusted by investors and banks |
Moderate |
Moderate |
Low |
Why JustStart?
Why Choose JustStart For OPC Registration in India?
JustStart offers easy OPC registration with a friendly process at affordable prices compared to other registration providers.
Additionally, they provide free consultations with One Person Company Registration experts. Apart from this, below you will see the reasons why you should choose JustStart for your OPC registration. Let's check the points below to know more.
- Seamless Process Handling
- Transparent Communication
- Google-verified Business
- End-to-End Support
- Stress-Free Process
- Regulatory Compliance
- Time-Efficient Services
Locations
OPC Registration in Other States and Cities
FAQs
LET'S CLEAR ALL THE DOUBTS!
An OPC is a one-person company in which a single owner owns and operates the company by enjoying the benefits of a sole proprietorship and a Private Limited Company Registration. It differs from other business structures, like an LLP or partnership, by allowing one person to hold shares, while still offering limited liability protection.
No, an OPC cannot engage in financial activities such as banking or insurance. These activities require a more complex regulatory framework.
If an OPC's capital goes over ₹50 lakhs or its annual earnings surpass ₹2 crores, it has to convert into a private or public company to follow the rules for bigger businesses.
OPC Registration offers the advantage of limited liability protection for the owner. It also provides a simple management structure and a separate legal identity.
An OPC must file annual financial statements and returns, hold an annual general meeting (AGM), and keep proper records.
The Cost of OPC Registration in India typically ranges from ₹7,000 to ₹15,000, including government fees and professional charges.
No, an individual cannot be a shareholder in more than one OPC.
There is no mandatory minimum capital needed for OPC incorporation in India. You can start with any paid up capital as per your business requirements.
GST Registration becomes compulsory only if the turnover crosses the prescribed limit (₹40 lakhs for goods, ₹20 lakhs for services in most states) or if the OPC deals in interstate supply or other notified categories.
Yes, NRIs are allowed to form a One Person Company (OPC) in India. However, at least one director must be an Indian resident to comply with the Companies Act, 2013.
Click here to read more about Company Registration for Foreigners & NRIs
