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One Person Company

One Person Company enables a person to start a company alone and also have the benefit of limited liability protection. The concept of One Person Company in India was introduced through the Companies Act, 2013. An OPC is like a hybrid of a Sole Proprietorship and a Private Limited Company. The primary benefits of a One Person Company (OPC) is that there can be only one member in OPC and the business has a separate legal identity from its promoter.

This ensures that the shareholder has limited liability and the business can continue even without the existence of the shareholder. One Person Company registration is more preferred by a person who wants to start a business on his/her own and get the complete benefits and protection of a private company. The compliance requirements of a One Person Company in India are also lesser than that of a Private Limited Company.

One Person Company enables a person to start a company alone and also have the benefit of limited liability protection. The concept of One Person Company in India was introduced through the Companies Act, 2013. An OPC is like a hybrid of a Sole Proprietorship and a Private Limited Company. The primary benefits of a One Person Company (OPC) is that there can be only one member in OPC and the business has a separate legal identity from its promoter. This ensures that the shareholder has limited liability and the business can continue even without the existence of the shareholder. One Person Co
pany registration is more preferred by a person who wants to start a business on his/her own and get the complete benefits and protection of a private company. The compliance requirements of a One Pe

One Person Company enables a person to start a company alone and also have the benefit of limited liability protection. The concept of One Person Company in India was introduced through the Companies Act, 2013. An OPC is like a hybrid of a Sole Proprietorship and a Private Limited Company. The primary benefits of a One Person Company (OPC) is that there can be only one member in OPC and the business has a separate legal identity from its promoter.

This ensures that the shareholder has limited liability and the business can continue even without the existence of the shareholder. One Person Company registration is more preferred by a person who wants to start a business on his/her own and get the complete benefits and protection of a private company. The compliance requirements of a One Person Company in India are also lesser than that of a Private Limited Company.

Cost effective & Transparent Pricing

Basic

Rs. 9000/- inclusive of all fees

Registration of One Person Company with Certificate of Incorporation, PAN, TAN, GSTIN, 1 DSC, 1 DIN, 1 Reserve Unique Name (RUN) Approval, 1 lakh authorised capital, incorporation fee and stamp duty*. Inclusive of all government fees and taxes.

Standard

Rs. 13000/- inclusive of all fees

One Person Company registration with Legistify's Incorporation Kit, Certificate of Incorporation, PAN, TAN, GSTIN, 2 DSCS, 1 DIN, 1 Reserve Unique Name (RUN) Approval, Share Certificates, 10 lakh authorised capital, incorporation fee and stamp duty*. Inclusive of all government fees and taxes.

Advanced

Rs. 18000/- inclusive of all fees

Registration of One Person Company with Legistify's Incorporation Kit, Certificate of Incorporation, PAN, TAN, GSTIN, 2 DSCs, 1 DIN, 1 Reserve Unique Name (RUN) Approval, Share Certificate, MSME Registration Certificate, Trademark Registration, 10 lakh authorised capital, incorporation fee and stamp duty*. Inclusive of all government fees and taxes.

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Need Help With Registering A One Person Company?

Talk to our Legistify's Inhouse Legal Expert for assistance On 011-331-38-123

Choose the Right Business Type

Compare the features of different business structures to choose the best for your business!

Key Features Private Limited Company Limited Liability Partnership One Person Company Partnership Firm Sole Proprietorship
+ Separate Identity
  The company has a separate identity from its shareholders and can hold property in its own name. The LLP has a separate legal identity from the partners and can sue or be sued in court. The OPC has a separate identity from its director. A Partnership ceases to exit upon the death of one partner. The Proprietorship and the owner are one identity.
+ Limited Liability
  The shareholders and directors have limited liability and are liable only to the extent of their share. The partners are only liable to the extent of their share in the LLP and cannot be held liable personally. The director has limited liability and cannot be held liable beyond his/her share. The partners have unlimited liability and can be personally held liable for the losses of firm. The proprietor has unlimited liability and can be personally held liable for the firm's losses.
+ Transfer of Ownership
  Ownership can be transferred through the transfer of shares. The ownership is transferrable in an LLP. The ownership can be transferred from the director easily. The ownership cannot be transferred from one partner to any other person. The ownership cannot be transferred as the firm and owner are one identity.
+ Number of Members 2-200 2- Unlimited 1 2-20 1
  There must be a minimum of 2 directors and 2 shareholders. The maximum no. of directors is 15 and shareholders is 200. There must be a minimum of 2 partners. There is no limit to the number of members in an LLP. There can only be 1 director and one nominee director in an OPC. There must be a minimum of 2 partners and the maximum number is 20. There can only be 1 proprietor in a sole proprietorship firm.
+ Perpetual Existence
  Company exists even after the death of any member. The LLP keeps on existing even if one partner leaves. The OPC has an unlimited existence and isn;t affected by the director's existence. The partnership firm ceases to exist after the exit or death of one partner. The proprietorship comes to an end with the exit or death of the owner.
+ Tax Benefits Some Many Some Many Few
  Tax rates are applicable in accordance with the existing tax rates. Share of profits are tax free in an LLP. The existing tax rates are applicable to OPC. Share of profits are tax free. Tax rates are applicable in accordance with the personal income of owner.
+ Foreign Members
  Foreign members are allowed after obtaining approval of the Government. The approval of Government is required to add foreign members to the LLP. No foreign members are allowed. No foreigner/ NRI is allowed. No foreigner can start a sole proprietorship.
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Frequently Asked Questions

How many people are required to start a One Person Company?
For One Person Company registration, there must be one nominee who will act as shareholder as well as director of the company.
Who can be the member of a One Person Company in India?
Any individual or organisation can be the member of an OPC in India.
Who cannot register a One Person Company in India?
A minor, foreign citizen, NRI, a person incapacitated to contract cannot register a One Person Company.
How much capital is required to start a One Person Company?
To start a One Person Company (OPC), you must have a minimum paid-up capital of Rs. 1 lakh.
Can a person be a member in more than one OPC?
No, a person is eligible to be a member in just one OPC.
Who can be the nominee for a One Person Company?
A nominee for a One Person Company can be anyone like your spouse, father, mother, daughter, brothers, sisters etc. However, the person must hold proper identity proofs such as PAN card, Voter id or Passport or Driving License etc., in order to be appointed as the nominee for One Person Company.
How can I change a nominee for my company?
A nominee of the One Person Company can be changed with the proper intimation and filing of necessary forms with Registrar of Companies.
Can a One Person Company converted into Private Limited Company?
Yes, an OPC can be converted into a Private Limited Company, if the company fulfils the convertibility criteria. The company can be converted by submitting requisite forms with the authority.
What happens in case of death of member of the One Person Company?
If the member dies, the nominee undertakes the affairs of the company and within 15 days of time, the company has to intimate the Registrar of Companies by filing Form INC-4 with prescribed fee.
Does One Person Company conduct Board Meeting like Private Limited Company?
No, a One Person Company does not required to hold Board meeting like Private Limited Company, but it has to hold Board Meeting once in every half year calendar. The time difference between the two Board Meetings cannot be less than 90 days.

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