The Idea of One Person Company was introduced in India through the Companies Act 2013 to encourage the entrepreneurs who are capable of starting their venture by themselves. This entity type allows you to create a single person economic entity.

Biggest advantage of this entity type is that you don’t have to worry about another director of the company, while at least two directors are required to create a Private Limited Company.

Similar to a company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

StartedIndia is becoming one of the reliable platforms for startups across the Country. As a part of One stop solution for startups, we provide the best services at the best price so that as a startup you don’t have to suffer.

5 Simple Steps to register an OPC

1.Arrange basic documents of the Director
2.StartedIndia will apply for DSC (Digital Signature) of Directors
StartedIndia will Prepare MOA, AOA & other Legal documents
StartedIndia will File SPICe (INC-32) or Incorporation Docs with ROC
Get your Company Incorporation Certificate

Basic Documents you need to arrange for starting a One Person Company (OPC)

1. One Passport size photograph of Director & Nominee

2. Self-Attested PAN card copy of Director & Nominee

3. Self- Attested Proof of Identity (Like-Voter ID, Passport, Driving License, Aadhar Card)of Director & Nominee

4. Business address proof (Electricity Bill, Telephone Bill, Property, Gas Bill Tax Bill) any one Director

5. Rent Agreement (If Rented) or Sell Deed

6. Company Name (1 to 6 Names)

7. Company Service or Product Name

Advantages & Benefits of a Private Limited Company(OPC)

Limited Liability Protection
to Directors personal assets

Many times startups need to borrow money and take things on credit. In case of proprietorship fir...

Helps for Testing of Business Model and Enables Funding
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The OPC business helps Startup Entrepreneurs to easily test their business model, and upon buildi...

Better image and credibility in Market
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In India, OPC is a Private limited company, which is a popular and well-known business structure....

Helps for Testing of Business Model and Enables Funding
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The OPC business helps Startup Entrepreneurs to easily test their business model, and upon buildi...

Complete Control of the Company
with a Single Owner

This leads to fast decision making and execution. Yet OPC can appoint as many as 15 directors for...

Easy to Manage and Freedom from Compliance
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OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be fil...

We have answered some of your Questions

One Person Company faq

In case the paid-up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public company.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.For the above purpose, the term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one financial year.
No. As per the Act, Only Indian born citizens can form a One Person Company. Non-resident Indians or individuals who do not reside in India for over 182 days cannot incorporate a OPC.
As per the Act, the average annual turnover during the relevant period should not exceed Rs.2 Crores. If it exceeds, then the company automatically get converted to a Private Limited Company.
The Act has not made any restriction for a One Person Company to become a member of another Private Limited Company.
If it is not specifically mentioned in the incorporation document, it would be assumed that the sole shareholder shall be the sole director.

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