One Person Company (OPC) Registration
Launch Your Business with Expert-Assisted OPC Registration
At Global Consultants, we offer a streamlined and expert-assisted One Person Company (OPC) registration process to help entrepreneurs register their business quickly and without hassle. Enjoy the benefits of limited liability and complete control over your business.
● Fully Expert-Assisted Registration: End-to-end assistance for a seamless registration experience.
● All-Inclusive Packages: Our package covers everything from DIN, PAN, DSC, MoA, AoA, and SPICe+ compliance.
● Guaranteed Submission: We guarantee application submission within 7 days, or your money back. (T&C apply)
- What is an OPC ?
● An OPC (One Person Company), introduced under the Companies Act of 2013, allows a single individual to start and run a company with the advantages of limited liability and a corporate structure. This model was created to offer a formalized structure for individual entrepreneurs, allowing them to enjoy benefits typically associated with private limited companies, without the need for multiple shareholders.
● A key feature of OPCs is the requirement for the shareholder to appoint a nominee, who will take over the company in case of the shareholder’s death or incapacitation. This ensures business continuity, but the nominee does not have any involvement in the day-to-day operations unless required.
● An OPC offers complete flexibility in business management, as decisions can be made without needing approval from other shareholders or partners. The owner enjoys the same benefits as a private limited company, such as access to loans and contracts, but with fewer compliance burdens.
● In summary, the One Person Company structure simplifies the incorporation process for solo entrepreneurs, providing them with the benefits of limited liability and corporate status while allowing them to maintain full control over their business.
- Benefits of Registering an opc
● Separate Legal Entity:
OPCs enjoy the status of a separate legal entity, offering protection to the owner. This means the liability of the member is limited to their investment in the company, and personal assets are safeguarded from business debts.
● Easy Access to Funding:
OPCs can easily raise funds through venture capital, angel investors, or incubators, just like private limited companies.
● Reduced Compliance:
OPCs enjoy exemptions from certain compliance requirements, such as maintaining cash flow statements, annual report submissions, and stringent bookkeeping, which simplifies the management process.
● Simple Decision-Making:
Since an OPC is managed by a single owner, decision-making is quick and efficient, without the need for multiple approvals or meetings.
● Perpetual Succession:
An OPC offers perpetual succession, meaning the company continues even after the owner’s demise. A nominee appointed during incorporation ensures smooth transition and continuity.
- Documents Required for OPC Registration
1. Identity and Address Proof (for the Director):
● Scanned copy of PAN card or passport (for foreign nationals/NRIs)
● Scanned copy of voter ID/passport/driving license
● Recent bank statement/utility bill
● Passport-sized photograph
● Specimen signature (blank document signed)
2. Registered Office Proof:
● Recent utility bill or bank statement
● Rent agreement (for rented premises)
● No Objection Certificate (NOC) from the property owner
● Sale deed (for owned premises)
- Steps for OPC Registration
1. Step: Check eligibility and prepare required documentation.
2. Step: Apply for Digital Signature Certificate (DSC) and Director Identification Number (DIN).
3. Step: Submit a name reservation request using the SPICe+ form.
4. Step: File for PAN and TAN for your OPC.
5. Step: Receive the Certificate of Incorporation from the Registrar of Companies (ROC), which includes PAN and TAN.
6. Step: Open a bank account and begin your business operations.
Our experts ensure that the entire process is completed within 20 days, guaranteeing a hassle-free registration experience.
- Features of an OPC
● Easy Succession:
With the appointment of a nominee during registration, an OPC ensures business continuity even after the death or incapacity of the sole member.
● Limited Liability:
Personal assets are protected as the liability of the member is limited to their shares in the company.
● Sole Directorship:
As the sole owner, you have full control over business operations without needing additional directors or shareholders.
● Ownership of Property:
The OPC, as a separate legal entity, can own property in its name, including business assets and investments.
- Tax Implications for OPCs
OPCs are taxed like private limited companies, with a flat corporate tax rate of 30%. Additionally, Minimum Alternate Tax (MAT) and other corporate taxes apply. However, OPCs enjoy some specific tax benefits:
● No Dividend Distribution Tax (DDT) if no dividends are distributed.
● Perquisite Taxation on benefits provided to the sole director, similar to other corporate structures.
● Fringe Benefit Tax (FBT) applies to fringe benefits like free meals or club memberships.
- Compliance Requirements for OPCs
1. Annual Return Filing: Must be filed within 60 days from the end of the financial year.
2. Financial Statements: OPCs with a turnover exceeding ₹20 lakh must file audited financial statements within 30 days of the annual general meeting.
3. Income Tax Returns (ITR): OPCs must file ITR using Form ITR-6 by September 30th of each financial year.
4. Tax Audits: Required for OPCs with turnover exceeding ₹2 crore.
- Restrictions on One Person Companies
● Not Suitable for Large-Scale Businesses: OPCs are best suited for small businesses. If you plan to add more shareholders or raise significant capital, an OPC may not be the best option.
● No Non-Banking Financial Activities: OPCs are prohibited from conducting non-banking financial investment activities.
● Limited Scalability: As an OPC can only have one member, expanding the company may require conversion to a private limited company.
- Why Choose Us ?
● Comprehensive Support: From name approval to incorporation, we handle everything.
● Expert Guidance: Our business experts ensure that your registration process is smooth and complies with all legal requirements.
● Transparent Pricing: With packages starting at ₹999 + Govt Fee, we provide affordable options without hidden costs.
● Post-Incorporation Support: We help with ongoing compliance such as annual filings, tax returns, and more.
- FAQ
An OPC is a type of company where a single person can operate as both the director and the shareholder, with limited liability protection.
OPCs offer limited liability, perpetual succession, easy management, and tax benefits, making them ideal for solo entrepreneurs.
An OPC has a single member, unlike an LLP (minimum 2 partners) or Pvt Ltd company (minimum 2 members). OPCs are more suited for small businesses, while LLPs and Pvt Ltd companies are better for larger ventures.
Any individual who is an Indian resident can form an OPC. NRIs or foreign nationals are not eligible to form an OPC in India.
You will need a PAN card, proof of identity, address proof, and proof of the registered office.
No, an OPC cannot issue shares to the public as it has only one shareholder.
The process involves applying for DSC and DIN, reserving a company name, and filing incorporation documents with the ROC.
Get Started with Global Consultants
Ready to register your One Person Company (OPC)? Fill out the form below and let our experts guide you through the entire process.