A registered company that is owned by a single person and who is the shareholder, director, and member of the company is called One Person Company (OPC). Hence only a single person is required to open an OPC.

If you want full control over your business and don't want to include any other person in your business, then OPC is the best option for you. OPC has ease in share transfer, flexibility in taxation, provides a separate legal entity & identity, limited liability and quick decision making to explore risks & rewards for the company’s business growth.

If you are an Indian citizen above the age of 18 and reside in India, you can easily register for a One Person Company. However, keep in mind that a private company or LLP cannot form an OPC. Additionally, if your OPC's turnover exceeds Rs. 2 crores or has a paid-up capital of more than 50 lakhs, you must convert it into a private or public company within six months.

Yes, the whole process for One Person Company registration is online. You don't need to visit anywhere physically. Contact us Now.

Even your personal residential address or rented residential address can serve as the registered address for the company. Once your startup is established and prepared, you have the option to modify the registered address. No, there is no requirement of commercial space for One Person Company registration. Even your personal residential address or rented residential address can serve as the registered address for the company. Once your startup is established and prepared, you have the option to modify the registered address.

The Directors Identification Number (DIN) is assigned to individuals who are to be appointed as directors during company registration. Having a DIN is a prerequisite for anyone being appointed as a director.

In order to submit the documents online, the sender's or signer's identity is electronically verified through a unique Digital Signature Certificate (DSC). As per the regulations set by the Ministry of Corporate Affairs (MCA), certain application documents require the directors to sign them using their digital signatures

A nominee is a person who joins the business in the event that the promoter passes away or is rendered incapable. He/she shall take responsibility for the company after the director.

The total number of shares that a company may issue to its shareholders is known as its authorised capital. A Company must pay the authorities an issued capital fee before issuing shares.

The authorized capital of a company refers to the maximum number of shares it can issue to its shareholders. Before issuing shares, a company is required to pay an issued capital fee to the authorities. Authorized Capital refers to the highest possible amount of capital that a company can issue to its shareholders. The authorized share capital will consistently be higher than or equal to the paid-up share capital.

Slightly less money is spent on an OPC than on a private limited company. You'll spend about ₹12,000 to incorporate, followed by about ₹15,000 per year in compliance fees and the cost of an auditor to review your financial records.

If the company fails to meet the annual compliances, it will enter a dormant state and may eventually face dissolution. The process of reviving it can take up to 20 years.

No, an individual can establish only one One Person Company (OPC) at a time. Within an OPC, the nominee is also subject to this regulation.

There are no universal advantages, but certain benefits are specific to each industry. Apart from the minimum alternative tax and dividend distribution tax, profits are liable to a fixed tax rate of 30%.