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One Person Company

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What is OPC?

A One Person Company (OPC) is a legal business entity structure that allows a single individual to own and manage a company.OPCs are designed to encourage small business entrepreneurs who want to start and manage their own companies without needing to involve multiple shareholders or partners.

As per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company. The director and member can be the same person.

      One Person Company Registration

      One Person Company Registration






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      Corporate Genie has a team of registration experts who can provide complete guidance to register your one person company!

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      Key features of a One Person Company include:

      Single Owner: As the name suggests, an OPC is owned and controlled by a single individual.
      Limited Liability: One of the main advantages of an OPC is that the liability of the owner is limited to the extent of their investment in the company.
      Separate Legal Entity: An OPC is a separate legal entity from its owner.
      Perpetual Existence: An OPC continues to exist even if the owner passes away or decides to transfer ownership.
      Save Time and Hassle. File Your Taxes With Us!

        Corporate Genie Plans

        Basic Plan

        Rs 4,499
        • Register your One Person Company at Ministry of Corporate Affairs
        • Advice, Drafting & Filing by Experts
        • MCA processing and COI
        • Spice+ Part A, Spice + Part B
        • Company PAN & TAN
        • MOA
        • AOA
        • Allotment of One DIN
        • ESI and PF Registration
        • GST Registration and Current account opening in your nearest branch
        • Current Account Opening in your nearest branch

        Smart Plan

        Rs 15,499
        • Registeration of One Person Company at Ministry of Corporate Affairs
        • Advice, Drafting & Filing by Experts
        • MCA processing and COI
        • Spice+ Part A, Spice + Part B
        • Company PAN & TAN
        • MOA
        • AOA
        • Allotment of One DIN
        • ESI and PF Registration
        • GST Registration
        • First Board Resolution Documentation
        • Consent Letter Drafting, Appointment of the Auditor
        • Current Account Opening in your nearest branch
        • INC-20A Commencement of Business
        • Preparation of Financial Statements
        • MCA Annual Return Filing and DIR-3 Director KYC

        Mega Plan

        Rs 26,499
        • Registeration of One Person Company at Ministry of Corporate Affairs
        • Advice, Drafting & Filing by Experts
        • MCA processing and COI
        • Spice+ Part A, Spice + Part B
        • Company PAN & TAN
        • MOA
        • AOA
        • Allotment of One DIN
        • ESI and PF Registration
        • GST Registration
        • First Board Resolution documentation
        • Consent Letter drafting, appointment of the Auditor
        • Current Account Opening in your nearest branch
        • INC-20A Commencement of Business
        • Preparation of Financial Statements
        • MCA Annual Return Filing and DIR-3 Director KYC
        • GST Return filing for Twelve months
        Save Time and Hassle. File Your One Person Company Registration!

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          Documents Required to form One Person Company

          Copy of PAN of Directors and Shareholders.
          Copy of ID Proof of Directors and Shareholders. (Voter ID, Driving License, Passport)
          Copy of Address Proof of Directors and Shareholders (Bank Statement/ Electricity bill/ Mobile bill/ Telephone Bill)
          Passport size Photographs of Directors and Shareholders.
          Digital Signature Certificate of all the Directors.
          DIN of all the Directors
          Property Ownership Documents of Registered office premises:
          If property is owned: Electricity bill + Ownership Documents + NOC (if required)
          If property is rented: Electricity bill + Rent Agreement + NOC
          Apart from all these documents, Some other required documents will be prepared by your Corporate Professional i.e. CA/CS for submission to ROC.

          Benefit of One Person Company

          Lower compliance as compared to private company or public company.

          There is limited liability of owners because liability is limited to its members upto the extent of their shares.

          There is separate management and ownership in OPC.
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          Process to obtain registration

          Fill the required details in the form.
          Make payment.
          Expert will ask for necessary documents.
          We will apply for DSC & the DIN Number for Director.
          Draft will be prepared for necessary documents like Consent, MOA & AOA.
          All the documents will be submitted to ROC.
          As when ROC approves application for Certificate of Business Commencement will be processed.

          FAQ

          Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
          A minimum of one is required while starting a One Person Company, but you can have up to 15 Directors for your OPC.
          Yes, there is no restriction with respect to OPC becoming a member of private limited company.
          The company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership.
          In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees then it can be converted.
          Form INC-5 shall be filed within sixty days of exceeding threshold limits.
          Requirement of Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.

          Yes, the private company will also file form INC-6 for converting itself into an OPC.
          Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.
          Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days.
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            How Corporate Genie Works For You

            We understand the process is complex and confusing. So we put in extra efforts to stay with you every step of the way – preparation, scrutiny, assessment, filing, liaison, rectification, or refund.
            ITR-1, ITR-2, ITR-2A, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7, we file all. And that’s not all. Our CAs are experts in the reconciliation of ITR data with 26AS. We assist in TDS & GST compliance.
            When it is about uploading sensitive information on the World Wide Web, the speed of the website matters. And matters BIG. Our site gives you an interruption-free experience.
            Store all the tax documents in one place and retrieve it as per requirement. So you don’t have to maintain a separate tax file. And your desk is always organized.
            To maintain our spot under the government and preserve our position as the largest E-Filing Intermediary of the Income Tax department, we strictly adhere to the legal guidelines of data privacy.

            Comparison

            Private Limited CompanyOne Person CompanyLimited Liability PartnershipPartnership Firm Proprietorship Firm
            Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
            Registration Requirement Mandatory Mandatory Mandatory Optional No
            Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
            Number of Director/Partner 2 – 15 Only 1 2 – Unlimited 2 – Unlimited Only 1
            Separate Legal Entity Yes Yes Yes No No
            Liability Protection Limited Limited Limited Unlimited Unlimited
            Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
            Ownership Transfer ability Yes No Yes No No
            Uninterrupted Existence Yes Yes Yes No No
            Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
            Tax Rates Moderate Moderate High High Low
            Statutory Compliance High Moderate Moderate Less Less

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            Save Time and Hassle. File Your One Person Company Registration!