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One Person Company

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All About One Person Company

In the year 2013 after company law amendment there was a new form of business structure evolved i.e. One Person Company. Before the enforcement of the Companies Act, 2013, a single person could not establish a company. If an individual wanted to establish his business, he/she could opt only for a sole proprietorship as there had to be a minimum of two directors and two members to establish a company. 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






    Any query call us now ..........

    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
    Corporate Genie

    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.
    Corporate Genie

    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.

    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