Zippyway

One Person Company

We can help you set up your Sole One Person Company  in least time while you focus fully in your core business

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    Overview

    The Companies Act, 2013 completely revolutionized corporate laws in India by introducing several new concepts that did not exist previously. On such a game-changer was the introduction of the One Person Company concept. This led to the recognition of a completely new way of starting businesses that accorded flexibility which a company form of entity can offer, while also protecting limited liability that sole proprietorship or partnerships lacked

    Benefits Of One Person Company

    Corporate Body

    OPC is called a hybrid between a company and a proprietorship.

    Easily Scalable

    An OPC can also graduate itself into a Private Limited Company to raise its funds.

    Limited Liability

    a shareholder is legally responsible for the debts of a company only to the extent of the nominal value of its shares.

    Global Recognition

    The OPC structure is available in countries like China, Singapore, UK, Australia, and the USA.

    Ease in Funding

    Just like a private limited company, OPC can also raise its fund through financial institutions, angel investors, venture capitals, etc.

    Least Legal Compliances

    No one can beat OPC when it comes to starting a company with the least requirements.

    Process Of One Person Company Registration

    Documentation

    Prepare and consolidate documents required for OPC registration.

    Certificate of Incorporation

    ROC shall issue CoI if all documents were correct.

    Form SPICE+ Part A

    To get you desired name approved from concerned authority.

    PAN & TAN Number

    PAN & TAN shall be automatically issued along with Certificate of Incorporation.

    Get DSC

    Digital Signature Certificate to digitally attest all forms and documents.

    Form SPICE+ Part B

    Application form to register OPC along with MoA, AoA & INC9..

    Documents Needed For One Person Company Registration

    Identity Proof

    Address Proof

    NOC from Owner

    PAN Card of Proprietor

    Passport Size Photo

    Registered Office Proof

    Compare Forms Of Business

    featuresprivate limited companyone person companyllppartnership firmproprietorship firm
    separate legal entity
    limited liability
    number of members
    2-200
    1
    2- unlimited
    2-20
    1
    number of directors / DP
    2-15
    1-15
    2 to unlimited
    not applicable
    Not Applicable
    foreign investment (FDI)
    ownership transfer-ability
    perpetual existence
    tax benefits
    effective
    effective
    low
    low
    good
    statutory compliance
    high
    high
    low
    minimum
    minimum

    Frequently Asked Questions

    Most frequent questions and answers

    An OPC can be registered in India, by only one person, who shall act as the directors/shareholders of the company. The maximum number of directors of an OPC is 15, and the number of shareholders cannot go beyond one.

    Invest as per the requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee for one person company registration  is calculated on the capital.

    One director of the OPC must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.

    The proposed name of the company should not resemble any existing company or LLP. Further, you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.

    We have prepared a detailed and easy to understand comparative table showing the availability of features and advantages of one form of business to that of others. The same can be found at the end of this page. Click here to go there.

    For incorporation of a One Person Company under the companies act, 2013, anyone from below list of the document is acceptable as Identity Proof of the director or shareholder or the proposed One Person Company.

    For OPC Incorporation, any one document from below list of address proof of the director or shareholder is acceptable. The document in support of address proof should not be older than two months.

    Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one-person company, any other person is nominated as the nominee with their Consent.

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