One Person Company (OPC)
Use LegalMedia to Launch Your Ideal Business.
For the lowest fees, register your new business as a One Person Company OPC with LegalMedia. LegalMedia is a registered MSME and MCA (Ministry of Corporate Affairs) business in India. All of the documentation will be drafted and completed by our seasoned (10+ years) CA/CS.
100% Online Process
What is a (OPC) One Person Company in India?
Entrepreneurs that want limited liability and a unique legal identity prefer to register a One-Person Company (OPC). With the advantages of limited liability and total control, an OPC is a special type of business structure that allows one individual to operate as a corporation. By acting as both a director and a shareholder, an OPC combines the benefits of a sole proprietorship with the legal safeguards of a private limited company.
With affordable one-person company registration fees, we at LegalMedia specialize in streamlining the OPC registration procedure so that business owners may easily handle the complexities of legal requirements. From document preparation to filing, our knowledgeable staff is committed to helping you at every stage.
Introduction to One Person Company (OPC)
The Companies Act of 2013 established the idea of One Person Company (OPC) registration in India, allowing a single person to form a business and benefit from both the advantages of a standard company structure and a sole proprietorship. When the Companies Act went into effect in 2013, this idea became accessible.
The creation of one-person businesses was primarily intended to promote entrepreneurship and the formalization of Micro, Small, and Medium-Sized Enterprises (MSMEs). A company may be established with just one director and one member, as permitted under Section 2(62) of the Companies Act of 2013. Interestingly, the same person may serve in both capacities. To put it simply, one person can establish a limited liability company in India by registering an OPC company.
Advantages of One Person Company (OPC)
Limited Liability:
The directors personal property is forever safe in no matter the debts of the business. In OPC only investment in the company is lost, personal assets of the directors are saved.
Continuous Existence:
An OPC has a seperate legal identity, it would pass on the nominee director, therefore, it has continued existence.
Greater Credibility:
An OPC requires to have its books audited yearly, it has credibility between vendors and lending institutions.
Easy to Sell OPC:
OPC Company is simple to sell because of limited documentation work.
Full Control Over the company:
The fact helps in fast decision making and execution.Yet OPC can select as many as 15 directors for official functions, without providing any share to them.
Easy to Raise Funds And Loans:
OPC is 1 of the easiest forms of corporate entities to operate.Very few ROC filing is to be registered with the Registrar of Companies.
Disadvantages of OPC
OPCs have benefits, but they also have drawbacks.
Ideal for tiny firms: Because OPCs are limited to one member, they are best suited for tiny firms. As the company grows, this restricts its capacity to raise more money.
Limitations on Business Activities: OPCs are prohibited from carrying out specific tasks, including philanthropic endeavors and non-banking financial investments. As a result, businesses engaged in these operations are not qualified to register as OPC corporations.
Ownership and Management: Since the lone member may also serve as the director, it is difficult to distinguish between ownership and management in OPCs. Conflicts of interest or ethical issues may result from this.
Process of Registering PVT. Ltd. Company
1.Fill our Registration Form & Make the Payment
2.Expert Will Call You & Receive All the Necessary Documents.
3.Will Create DSC & the DIN Number of Director
4.MOA and AOA Drafting & Submit
5.Your Documents will be Filed & Submitted to the ROC
6.Congratulations! You’ve registered your company.
Documents Required For OPC Registration
Passport Size Photograph
Copy of PAN Card
Copy of Electricity Bill
Sale Deed (if owned)
Copy of Aadhar Crad
Address Proof(Bank Statement / Mobile / Telephone Bill)
Copy of Rent Agreement(if rented)
NOC
Price
Standard
₹14999
- OPC Registration (Government Fees Included)
- Udyam Registration
Combo
₹29999
- OPC Registration (Government Fees Included)
- Udyam Registration
- One year All Compliance filling(Government fees included))
