KNOW ALL ABOUT ONE PERSON COMPANY (OPC), STARTING FROM 11,999/- INR

Here is all you need to know about the service you are looking for

One Person Company is a new concept. Earlier if you wanted to set up a private company, you needed at least two persons because the law mandated a minimum of two shareholders. So, for the person wanting to venture alone, the only option was proprietorship, which is not legally recognized as a separate entity.

While doing business as a proprietorship firm, the personal assets of the proprietor can be at risk in the event of failure, but this is not the case for a One Person Company, as the shareholder liability is limited to his shareholding.

At ebizfiling, we will make it easy to incorporate a One Person Company with end to end support.

Compare Your Need

Particulars Proprietorship Partnership Limited Liability Partnership One Person Company Private Company Public Company
Legal Entity No No Yes Yes Yes Yes
Limited Liability No No Yes Yes Yes Yes
Transferability No No Yes No Yes Yes
Tax benefits Low High High Moderate Moderate Moderate
Investor Preference No Low High No Moderate High
Statutory Audit Not Mandatory Not Mandatory Contribution >25 lacs or Turnover >40 lacs Mandatory, irrespective of share capital and turnover Mandatory, irrespective of share capital and turnover Mandatory, irrespective of share capital and turnover
Registration No No, but recommended Yes Yes Yes Yes
No. directors/partners One Min.2 Max.20(in case of Banking 10) Min.2 Designated Partners, Max. One Min. 2- Max. 15 Min. 2- Max. 15
Members No No No One Min. 2- Max. 200 Min. 7- Max. No limit
Annual Fillings No No Yes Yes Yes Yes
  Know More Know More Know More Know More Know More Know More

Few points to make your decision easy

Lesser Compliance Burden

  • Included under the definition of the private Limited Company
  • Exempted from a number of compliances 

Opportunities & Liability

  • Liability Limited to the value of shareholding
  • Can take more risk in business without affecting personal assets

Separate Legal Entity

  • Distinct and separate identity from its owners 
  • Artificial independent person having wide legal capacity

Taking Decisions Is More Easy

  • Controlled by single individual
  • Easy decision making

Holding AGM

  • Need not hold any AGM every year
  • No need of AGM related compliances

Nomination

  • Compulsory nomination
  • Restriction on minor to become a nominee

A small procedure for your quick understanding

Get answers to all your questions here

What is the minimum number of director to form a OPC?

As the name suggests, a One Person Company can be started with one director.

What is the minimum number of shareholders to form a OPC?

An One Person Company can be started with one shareholder.

Who is a nominee in a One Person Company?

A nominee is a person who in the event of death or disability of the subscriber of the One Person Company shall assume his position. Memorandum of Association of an One Person Company will mandatorily prescribe the name of the person.

Can I appoint my wife as my nominee for my One Person Company?

Yes. Anyone can be appointed as a nominee, provided he or she holds a correct PAN in his or her name.

Can a nominee of a One Person Company be changed after incorporating the company?

Yes. A nominee can be changed at any time with due intimation to the Registrar.

Can a Individual form more than one OPC?

No, unlike a Private Limited Company or a Public Limited Company, an individual cannot form more than one OPC.

Can a foreign national form an One Person Company?

No. Only an Indian citizen and resident can form an One Person Company.

Does a nominee of a One Person Company need to acquire a DIN as well?

No, not required. Nominee is only required to hold a valid PAN in his/her name.

In how many One Person Companies can a person become a nominee?

A person can become a nominee in not more than 1 One Person Company.

Is One Person Company required to hold an AGM

Provisions of Annual General Meeting (AGM) and Extra-Ordinary General Meetings do not apply to a One Person Company.

Is a One Person Company required to file its Annual return?

Yes. The annual return of the One Person Company has to be signed by the sole member of the One Person Company.

Still have confusion?

Don’t worry!! Our expert will help you to choose best suitable plan for you. Get in touch with our team to get all your queries resolved. Write us on info@ebizfiling.com or call us @+91 8262 990 990.

Here are best alternatives you can get

ESSENTIAL

11,999/- INR (All inclusive)

Get Started
  • 1 DSC + 1 DIN
  • Name Approval
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation
  • MOA & AOA
  • PAN + TAN

Easy EMI's | Transparent Pricing

Popular
ENHANCED

18,999/- INR (All inclusive)

Get Started
  • 1 DSC + 1 DIN
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation
  • MOA & AOA
  • PAN + TAN
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

Easy EMI's | Transparent Pricing

ULTIMATE

29,999/- INR (All inclusive)

Get Started
  • 1 DSC + 1 DIN
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation
  • MOA & AOA
  • PAN + TAN
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • 1st Income Tax filing  upto a turnover of Rs. 50 Lakhs
  • 1 Year TDS Filing upto 500 entries
  • 1st Annual Filing upto turnover of Rs. 50 Lakhs
  • Company kit

Easy EMI's | Transparent Pricing

Need more personalised solutions? Get in touch with us at +91 8262 990 990 or email info@ebizfiling.com