How it Works

Fill Form

Simply fill the above form to get started

Expert Discussion

Our expert will connect with you & discuss your requirement

Upload Documents Link

We will send you a link on your mobile/email id to upload documents

Work Completed

Your Company Incorporation Certificate is ready

What Is Meant by OPC Or Why Is OPC Needed?

The concept of One Person Company is quite revolutionary. It gives the individual entrepreneurs all the benefits of a company, which means they will get credit, bank loans, access to the market, limited liability, and legal protection available to companies by acquiring the legal status and perpetuity.

Before the Companies Act, 2013 came into effect, at least two shareholders were required to start a company. But now the concept of One Person Company would provide tremendous opportunities for small businessmen and traders, including those working in areas like handloom, handicrafts, and pottery. Earlier they were working as artisans and weavers on their own, so they did not have a legal entity of a company. But now an OPC form of organization would help them do business as an enterprise and allow them to start their ventures with a formal business structure.

The shareholder of OPC will appoint a nominee in an OPC, who will become a member of such OPC in case of death or incapacity of the original shareholder. The details of such nominees have to be provided while incorporating an OPC.

One Person Company VS Private Limited Company (Pvt. Ltd.)

The formation of One Person Company (OPC) has recently been established in India to support business enterprises owned and controlled by a sole Entrepreneur. Corporations, such as Private Limited Company, allow two or more individuals to become partners.

What Are the Minimum Requirements for Incorporating An OPC?

A minimum of one shareholder is required who will be the director of OPC as well.
A nominee is required who will act as a shareholder of such OPC in case of death or incapacity of the original shareholder.
Only Indian citizens can become a member or nominees in the case of OPC.
A person cannot be a shareholder or nominee in more than one OPC at any given point in time.
An OPC cannot be converted into a section 8 company.
OPC cannot carry out any non-banking financial activities including investment in securities in any of the body corporates.
The words ‘One person company’ shall be mentioned in brackets below the name of such company.

What Are the Advantages of OPC Over Private Limited?

EASY INCORPORATION –
A single person can incorporate an OPC without involving any other person for incorporation. This is the biggest advantage of OPC.
Better Decision Making -
As there is a single shareholder in OPC, there is no need to take approval from other shareholders for taking any company related decisions.
FINANCIAL ASSISTANCE -
Financial assistance can be taken by a shareholder of such OPC from OPC for subscribing to its shares.
AUTHORITY FREEDOM -
The annual returns need not be signed by a company secretary in practice they can be signed by a director of an OPC.
LESSER NEED FOR ADMINISTRATIVE GATHERING -
An OPC is not required to hold an Annual general meeting.

There are many other benefits of incorporating an OPC which we can happily discuss @ support@charteredmunshi.com

What are the documents required for registering an OPC?

For details on the document required, please visit here

Why CharteredMunshi

We value all our customers and attempt to offer our services as though they were our 'first client'. We ensure that the process is fast and smooth. Unlike others, we do not outsource our work and offer in house services coming through our specialists who are experts in their respective fields. We will assign you a dedicated manager who will support you from the start to end of the process and address any queries that you might have.

What's in it for you?

Our prices include-

Two class-3 Digital signatures(Signing).
Two Director identification numbers.
Incorporation certificate.
One RUN approval(Name approval).
Incorporation fees and stamp duty.
PF registration.
ESI registration.
PAN and Tan
Professional tax(Maharashtra)
Memorandum of association.
Articles of association
Free GST registration
Preparing share certificates.
MSME registration

After incorporation also, we will assist in further activities like

Free consultation and meetings for the understanding scope of work.
Updates on various regulations and compliances.
Assisting in opening a current account.
A dedicated manager for clearing your doubts.

FAQs (Frequently Asked Questions)

Is one person company a private company?

No, an OPC is not a private limited company. Although salient features of company’s act 2013 apply to OPC as well, it is quite different from a private limited company.

What are the benefits of one person company?

Please go through the article written to know various benefits of OPC under the companies act, 2013.

Can a single person start a company?

Yes a single person can start a company, he may register a one-person company.

Can OPC have employees?

Yes OPC can employ any number of employees.

Can OPC have 2 directors?

Yes an OPC can have more than one director.

Easily Register a OPC