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One Person Company

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.

₹ 10000 /-

excl of GST  

What is One Person Company?

A One Person Company (OPC) is a unique business structure designed to enable individual entrepreneurs to establish a company with limited liability.

In an OPC, a single person serves as the sole shareholder and director, consolidating the advantages of a sole proprietorship and the limited liability features of a private limited company. This structure allows entrepreneurs to enjoy autonomy in decision-making while protecting personal assets from business liabilities.

An OPC is considered a separate legal entity, ensuring perpetual existence irrespective of changes in ownership. This business model is particularly beneficial for solo entrepreneurs looking to formalize their ventures with the assurance of limited liability and the flexibility of managing the entire company independently.

Why We Need to Register as a One Person Company?

Registering as a One Person Company (OPC) is a strategic choice for solo entrepreneurs seeking a formal business structure. OPC registration provides the advantages of limited liability, safeguarding personal assets from business risks.

It establishes the business as a separate legal entity, granting credibility and facilitating contracts and transactions in its name.

OPC registration ensures perpetual existence, transcending changes in ownership and offering continuity. This structure fosters investor confidence and enhances access to funding opportunities.

OPCs benefit from tax advantages and ease of compliance. For solo entrepreneurs, OPC registration combines the flexibility of independent management with the legal and financial security of a structured business entity, making it an ideal choice for those looking to establish and grow their ventures.

Advantages of registering as a One Person Company

Checklist for Private Limited Company Registration

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.
Choose a Unique Name
Select a unique and appropriate name for the OPC. Ensure it complies with naming guidelines and is available for registration.It should not be identical to any registered or pending trademark.
Ensure it doesn't infringe the Copyrights Act, Indian Trade Mark Laws, or violate any other intellectual property laws in India.
Director Identification Number (DIN)
Obtain a Director Identification Number (DIN) for the proposed director. This may require submitting a DIN application.
Digital Signature Certificate (DSC)
Acquire a Digital Signature Certificate for the director. This is necessary for digitally signing documents during the registration process.
Draft Memorandum of Association (MOA) and Articles of Association (AOA)
Draft the MOA and AOA, outlining the company's objectives and internal regulations.
Declaration of Sole Member/Director
Provide a declaration confirming that the individual is the sole member and director of the OPC.
Address Proof
Submit address proof for the registered office of the OPC, such as utility bills or rental agreements.
No Objection Certificate (NOC)
Obtain a No Objection Certificate from the property owner if the registered office is a rented premise.
Consent to Act as Director
Obtain consent from the director to act in that capacity.
Appointment of Nominee
Appoint a nominee who will take over the OPC in case the sole director becomes incapacitated.
Application for Name Reservation:
Apply for name reservation with the Registrar of Companies (RoC). This may involve an online application and fee payment.
Filing of Incorporation Documents
File the incorporation documents, including the MOA, AOA, and other required forms, with the RoC.
Payment of Fees:
Pay the requisite fees for name reservation and incorporation.
Obtain Certificate of Incorporation:
Once the registration is approved, obtain the Certificate of Incorporation from the RoC.
Open Bank Account:
Open a bank account in the name of the OPC using the Certificate of Incorporation.
Obtain PAN and TAN:
Apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the OPC.
Compliance with Statutory Requirements:
Ensure compliance with any additional statutory requirements imposed by the jurisdiction.
GST Registration:
If the OPC engages in taxable activities, register for Goods and Services Tax (GST).
Maintain Statutory Registers:
Maintain and update statutory registers, such as member, director, and meeting minutes.

Filings for One Person Company Registration


One Person Company (OPC) registration is a significant component of fulfilling regulatory duties for businesses in India governed by the Companies Act, 2013. This comprehensive resource covers both the initial registration process and continuing compliance, with the goal of illuminating the key elements of OPC filing.

1. Initial OPC Registration Filing:

  • Name Reservation:
    The journey begins with the Reserve Unique Name (RUN) form, where entrepreneurs can propose and reserve a unique name for their OPC. This step is pivotal and sets the tone for the subsequent filing process.
  • SPICe Form for Incorporation:
    The Simplified Proforma for Incorporating Company Electronically (SPICe) form encapsulates the Memorandum of Association (MOA) and Articles of Association (AOA). This filing with the Registrar of Companies (RoC) formally establishes the OPC.
  • Director Identification Number (DIN) and Digital Signature:
    Obtaining the Director Identification Number (DIN) and Digital Signature Certificate (DSC) is crucial for the sole member and nominee. These facilitate secure electronic filings and validate the authenticity of the concerned individuals.
  • Registered Office and Fees:
    The Notice of Situation of Registered Office (INC-22) form must be filed within 30 days of incorporation, notifying the RoC about the OPC's registered office location. Simultaneously, the requisite registration fees must be paid to complete the registration process.
  • Certificate of Incorporation:
    The RoC issues the Certificate of Incorporation upon successful review of the documents. This document officially recognizes the OPC as a legal entity and confers limited liability to the sole member.

2. Ongoing OPC Compliance Filings:

  • Annual Compliance Filings:
    OPCs are required to file the Annual Return (MGT-7) and financial statements (AOC-4) annually. While OPCs are exempt from holding an Annual General Meeting (AGM), these filings must be completed within the prescribed timelines.
  • Director and Auditor Filings:
    Any changes in the directorship or auditor appointments must be promptly filed using forms such as DIR-12 and ADT-1. Timely compliance with these filings ensures accurate records with regulatory authorities.
  • ROC Filings and Compliance:
    Regular filings with the RoC include Form INC-22 for changes in the registered office address or Form INC-20A for intimating the commencement of business. Adhering to these requirements ensures the OPC remains in good standing.
  • Income Tax Filings:
    OPCs are obligated to file income tax returns with the Income Tax Department, meeting tax compliance regulations and fulfilling statutory requirements.
  • Statutory Registers and Record Maintenance:
    OPCs must uphold statutory registers, including those for members, directors, and others. Accurate record-keeping is pivotal for legal compliance and corporate governance.

Compliance for One Person Company

Annual Compliance:

1. Annual General Meeting (AGM):

OPCs are required to conduct an AGM annually, where the financial statements are presented to the sole shareholder.

2. Annual Return Filing:

Within the allotted period, submit annual returns to the Registrar of Companies (RoC), outlining the business's operations, finances, and ownership of shares.

3. Financial Statements:

Compile and submit the profit and loss statement, balance sheet, and other financial statements.

Statutory Audit:

Audit Requirement:

The necessity of a statutory audit may be contingent upon the OPC's business operations and turnover.

Designating an Auditor:

Select an auditor to carry out the financial statement audit, guaranteeing adherence to accounting guidelines.

Compliance with Income Tax:

  1. Income Tax Return Filing:

    File income tax returns on time, providing accurate financial information.

  2. Tax Deduction at Source (TDS):

    As needed, deduct and deposit tax at source, in accordance with TDS regulations, if applicable.

Updates and Changes to Regulations:

  1. Stay Informed:

    Keep yourself updated on any changes or adjustments to regulations that might

    impact how the OPC conducts business.

    Adaptation:

    Modify compliance protocols and corporate processes to conform to new legislative requirements.

Board Resolutions and Record Keeping:

  1. Board Meetings:

    Conduct regular board meetings to address significant business decisions and

    compliance matters.

  2. Resolution Documentation:

    Document board resolutions systematically, providing a clear record of decisions made.

Compliance with Company Law:

Comply with the provisions of the Companies Act relevant to OPCs, ensuring governance and transparency

Goods and Services Tax (GST) Compliance:

Register for GST if applicable and ensure timely filing of GST returns.

Annual Compliance Calendar:

Develop an annual compliance calendar outlining key deadlines and activities to stay organized.

Record Maintenance:

Maintain accurate and up-to-date records, ensuring compliance with record-keeping requirements.

Closure for One Person Company

Winding up, or the process of closing down a One Person Company (OPC), can be done voluntarily or through a tribunal order. Here are the types of winding up for a One Person Company:

  1. Voluntary Winding Up:
    • Members' Voluntary Winding Up:
      The members of the OPC decide to wind up the company voluntarily because it can pay its debts in full within a specified period, not exceeding 12 months.
    • Creditors' Voluntary Winding Up:
      If the OPC cannot pay its debts in full or if it is determined that it will become insolvent, creditors can initiate the winding-up process. The creditors play a significant role in the proceedings.
  2. Compulsory Winding Up:

    3. This type of winding up is done by a tribunal order, typically due to certain defaults or non-compliance by the OPC.

    • Members' Voluntary Winding Up:
      The members of the OPC decide to wind up the company voluntarily because it can pay its debts in full within a specified period, not exceeding 12 months.
    • Inability to Pay Debts:
      If the OPC is unable to pay its debts, a creditor or the OPC itself may apply to the tribunal for a winding-up order.
  3. Winding Up by the Tribunal:
    • The National Company Law Tribunal (NCLT) or a relevant tribunal in the jurisdiction has the authority to order the winding up of an OPC.
  4. Procedure for Winding up a Company
    • Board Decision:
      A resolution endorsing the winding-up procedure is usually passed by the board before the OPC is decided to be wind up.
    • Members' or creditors' approval:
      The consent of creditors or members is sought, depending on the situation and the kind of winding up (compulsory or voluntary).
  5. NCLT Application:
    • To get the winding-up procedure approved, an application is submitted to the National Company Law Tribunal (NCLT). An important part of managing the legal side of the closure is the NCLT.
  6. Choosing a Liquidator:
    • A liquidator is appointed upon approval. The liquidator takes control of the business's assets, pays off its debts, and oversees the transfer of its residual assets to shareholders.
  7. Report Submission:
    • To ensure openness and adherence to legal standards, the liquidator must provide the NCLT with progress updates on a regular basis. company Law Tribunal (NCLT) or a relevant tribunal in the jurisdiction has the authority to order the winding up of an OPC.
  8. Assignment of Assets:
    • The liquidator supervises the equitable distribution of the residual assets to shareholders following the settlement of all debts and obligations.
  9. Order of Dissolution:
    • A dissolution order is issued upon the completion of the winding-up procedure and the NCLT's satisfaction with the liquidator's reports. This completes the OPC's formal closure.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Why SHR for Your One Person Company Registration?

Trustworthy Expertise:
SHR brings together a group of seasoned professionals highly knowledgeable in the intricacies of private limited company registration.
Legal Compliance Assurance:
Stay on the right side of the law. SHR guarantees adherence to all legal requirements.
Prioritizing your financial well-being:
SHR prioritizes your financial well-being. Benefit from our cost-effective services that not only fulfill your demands but also save you money. We promote affordability and value in all of our services, so you may experience excellence without breaking the bank.
Timely Filings:
SHR keeps you on track with prompt updates and timely submissions. We keep you connected to vital information while guaranteeing that all updates are provided on time.
Avoid Common Mistakes:
Minimize errors with professional guidance, ensuring a smooth OPC registration process.
Document Security Assurance:
At SHR safeguarding your documents is our top priority. We secure your vital data with robust encryption and secure storage. Trust us to keep your important documents safe and confidential.
Time Efficient Process:
At SHR, we value your time. Our simplified and time-efficient services provide a smooth experience. From speedy processes to prompt responses, we are dedicated to saving you time and allowing you to focus on what is most important.

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