One Person Company

The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. It is a hybrid of Sole-properitor and Company form of business. Highlight of the business form is that there can be only one member in an OPC, against a minimum of two members required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Operating on lines of a regular Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.

This entity has one major limitation that it needs to be converted to a Private Limited Company if it croses an annual turnover of ₹ 2 Crores.

Advantages

Limited Liability
Separate Legal Entity
Continuous Existence
Higher Credibility
Easy transferability
Better Borrowing Capacity.
Owning Property

Process

Obtain Digital Signatures (DSC) for the proposed Director

Obtain Director Identification Number (DIN) for the proposed Director

Seek proposed names (maximum 6) from you and get approval of the same from ROC

After Name approval, we will apply for incorporation

Timeline

10-15 Business days subject to ROC Approval

Documents Required

1. ID Proof and Address Proof for all Directors. As ID proof, PAN Card is Mandatory.
2. Latest utility bill (electric bill/telephone bill) or latest tax receipt/ownership deed of the property for the property to be used for registered office.

Frequently Asked Questions

What is a One Person Company (OPC) in India?

A One Person Company (OPC) is a business structure that allows a single individual to own and manage a company with limited liability. It combines the benefits of sole proprietorship and private limited company.

Why should I choose OPC over proprietorship or partnership?

OPC offers limited liability, separate legal identity, and better credibility with banks and clients compared to proprietorship or partnership. G K B & Associates helps entrepreneurs assess if OPC is the best choice for their business.

Who is eligible to start a One Person Company in India?

Only a resident Indian citizen can start an OPC. A nominee must also be appointed at the time of incorporation, who will take over in case the sole director is unable to continue.

What documents are required for OPC registration in India?

Documents include PAN card, Aadhaar card, proof of identity and address, business office address proof, and consent of the nominee. Our team ensures all documents are properly prepared for smooth registration.

Is OPC registration mandatory in India?

Yes, an OPC must be incorporated with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. It requires filing incorporation documents and obtaining a Certificate of Incorporation.

One Person Company