With the introduction of the Companies Act, 2013 the concept of the One Person Company came into existence to motivate the small traders and entrepreneurs...
One Person Company was introduced in the J.J Report to create empowerment for the entrepreneurs...
Before Registering Your Company Directly under Govt. of India
Two Colour Photographs of Promoters/Individuals/Company/ Director
PAN Card of each Shareholders and directors
Identity Proof (Voter ID / Driving License/ Passport)
Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Proof of Registered Office
Utility Bill as proof must be Latest
Criteria | Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
---|---|---|---|---|---|
Act | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
Registration Requirement | Mandatory | Mandatory | Mandatory | Optional | No |
Number of members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
Separate Legal Entity | Yes | Yes | Yes | No | No |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
Statutory Audit | Mandatory | Mandatory | Dependent | Not mandatory | Not mandatory |
Ownership Transferability | Yes | No | Yes | No | No |
Uninterrupted Existence | Yes | Yes | Yes | No | No |
Foreign Participation | Allowed | Not Allowed | Allowed | Not Allowed | Not Allowed |
Tax Rates | Moderate | Moderate | High | High | Low |
Statutory Compliance | High | Moderate | Moderate | Less | Less |
Recognized by Govt. of India
1 Lakh+ Happy
Clients Across India
ISO Certified
Data Security & Trust
Trained & Professional Experts
On Time Service
Super Fast Service
Quick Response Team
Affordable Than
Other Professionals
The director’s personal property is forever safe, no matter the debts of the business. In OPC, only the investment in the company is lost; personal assets of the directors are protected.
An OPC has a separate legal identity. It would pass on to the nominee director, ensuring continued existence.
An OPC is required to have its books audited yearly, which builds credibility with vendors and lending institutions.
An OPC company is simple to sell due to limited documentation requirements.
This structure allows fast decision-making and execution. OPC can also appoint up to 15 directors for official functions without giving them any ownership.
OPC is one of the easiest corporate entities to operate. Very few ROC filings are needed to be registered with the Registrar of Companies.