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ONE PERSON COMPANY REGISTRATION

One Person Company (OPC) is a separate Legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder.

Only a natural person who is an Indian citizen and resident in India can form a One person company.

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity where as OPC is a separate legal entity.

Documents Required

Copy of PAN Card and Aadhar Card of all the Main Director and Nominee Director
Copy of Address proof of the Main Director and Nominee Director (Electricity Bill / Bank Statemen etc)
Copy of ID Proof of the Main Director and Nominee Director (Voter ID, Passport, Dirving Licence etc)
Passport Size Photograph of the Main Director and Nominee Director
Address proof of Principle place of Business

Package Includes

One Digital Signature
Application of One DIN
Application of Name Reservation
Drafting of MOA and AOA
Getting Certification of Incorporation
PAN and TAN Number

Frequently Asked Questions

Why One Person Company?

Who is eligible to act as member of an OPC

A person can be member in how many OPC?

A person can be member in only one OPC.

What are the Tax benefits in OPC?

The Director of the OPC can be remunerated and contracts can be entered with it shareholders and its directors. Directors remuneration, rent and interest are deductible expenses which reduces the profitability of the Company and ultimately brings down taxable income of your business.

What is the Legal Nature of OPC?

OPC can be registered only as a private company which means that all the provisions applicable to private company will be applicable to an OPC, unless otherwise expressly excluded in the Act or rules made there under.

What are legal formalities of Board Meeting and AGM?

OPC (also Small Cos. and Dormant Cos.) is deemed to have complied with S. 173, if at least one meeting of the BOD is has been conducted in each half of a calendar year and the gap between two meeting is not less than 90 days. Section 173 and 174 (Quorum of Meeting of BOD) will not apply to an OPC in which there is only one director on its Board. Further, an OPC is not required to hold an AGM.

What are the provisions regardingFinancial Statements of an OPC?

Financial Statement of an OPC has to be approved by the Board and needs to be signed by only one director for submission to the auditor. It is to be noted that an OPC need not prepare Cash Flow Statement as part of its financial statement. The copy of such financial statement along with other documents etc. must be filed with the ROC within 180 days from the closure of the financial year. Report of the Board to be attached to the financial statement shall mean, in case of an OPC, a report containing explanations or comments by the Board on every qualifications, reservations or adverse remarks or disclaimer made by the auditor in his report.

What are requirements regarding Annual Returns Auditors Report of an OPC?

Annual Returns of an OPC must be signed by a company secretary and the director. In case there is no company secretary, the signature is required only from the Director. Mandatory rotation of auditor after expiry of maximum term is not applicable to an OPC.

What are legal provisions for Appointment of Auditor in OPC?

Every company shall, at the first Annual general meeting appoint an individual or a firm as an auditor who shall hold the office from the conclusion of that meeting to the conclusion of its sixth annual general meeting and the manner and procedure of selection of auditors by the members of the company at such meeting shall be such as may be prescribed.

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