One-Person Company (OPC)
Plans starting Rs 3,899/- only*
*T&C Apply. Excludes all Govt Fees and Taxes
Plans starting Rs 3,899/- only*
*T&C Apply. Excludes all Govt Fees and Taxes
for
OPC Registration
Basic Plan
- Scope of Business
- Application Form
- Documentation Preparation
- DSC Creation
- Name Approval
Advanced Plan
- Instant Filling
- 4 Name Choices
- Document Submission
- Form Fill Up
- MCA Document Received
- Udyam
- GST
- Everything in Basic
One-Person Company (OPC)
A One-Person Company (OPC) is a unique business structure in India introduced under the Companies Act, 2013. It allows a single individual to own and manage a company, providing the benefits of limited liability while eliminating the need for multiple shareholders. OPC is ideal for solo entrepreneurs who want to operate with a corporate identity and limited liability.
- Single Owner: Unlike traditional companies that require at least two shareholders, an OPC allows a single individual to be both the shareholder and director.
- Limited Liability: The liability of the sole member is limited to the amount they invest in the company, protecting personal assets from business debts.
- Separate Legal Entity: The OPC is treated as a separate legal entity from its owner, offering legal protection and tax benefits.
- Nominee Requirement: OPC registration requires a nominee to be appointed who will take over in case the sole director is incapacitated or passes away.
- No Minimum Capital Requirement: There is no minimum paid-up capital requirement for registering an OPC, making it accessible to small businesses and startups.
- Limited Liability: The personal assets of the owner are protected from business liabilities.
- Perpetual Succession: The OPC continues to exist even if the owner passes away, with the nominee taking over.
- Ease of Compliance: OPCs face fewer compliances compared to private limited companies, such as exemption from holding annual general meetings.
- Tax Benefits: OPCs enjoy tax deductions and incentives available to private limited companies.
- Identity Proof: PAN card of the director.
- Address Proof: Aadhaar card, passport, or voter ID.
- Registered Office Proof: Rent agreement and utility bill of the business address.
- Nominee’s Consent: Written consent from the nominee.
OPC registration in India is an excellent option for entrepreneurs seeking a corporate structure while enjoying the flexibility and simplicity of sole proprietorship.
Here are some key questions related to One-Person Company (OPC) Registration that one might ask when considering this business structure in India:
1. What is a One-Person Company (OPC)?
Explanation of OPC and how it differs from sole proprietorship and other company structures.
2. Who is eligible to register an OPC in India?
Requirements for an individual to register an OPC, including nationality, residency, and age criteria.
3. What are the benefits of registering an OPC?
Advantages such as limited liability, legal recognition, ease of management, and access to funding.
4. What are the key features of an OPC?
Key elements like limited liability, separate legal entity, single shareholder, and requirement of a nominee.
5. What documents are required for OPC registration?
A detailed list of the documents needed, such as identity proof, address proof, and nominee consent.
6. How is an OPC different from a sole proprietorship?
Key distinctions in terms of liability, taxation, compliance, and legal status.
7. What is the process for registering an OPC in India?
Step-by-step guide to registering an OPC, including application filing, document submission, and approval.
8. Is there a minimum capital requirement to register an OPC?
Information on the paid-up capital requirement for an OPC.
9. Can an OPC have more than one director?
Clarification on the ownership structure and number of directors allowed.
10. What is the role of the nominee in an OPC?
Explanation of the nominee’s responsibilities and why it is mandatory to appoint one.
11. How is the taxation of OPC handled in India?
Details on the tax implications for OPCs, including corporate tax rates and applicable deductions.
12. What are the annual compliance requirements for OPC?
Details about filing annual returns, auditing, and regulatory requirements.
13. Can an OPC be converted into a Private Limited Company?
Information on the process and criteria for converting an OPC into a private limited company.
14. Are there any restrictions on the business activities of an OPC?
Explanation of any restrictions on the type of business that an OPC can undertake.
15. What is the cost of OPC registration in India?
Breakdown of the costs involved, including government fees, stamp duty, and professional service fees.