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One Person Company

Register One person company (OPC) online at Rs.6499 with Tax Rupees the best online OPC registration services in India.

Basic Plan

Basic Plan

6499 incl. GST
10000 (35% off)
  • Company Registration
  • Share Certificates
  • Current Account Opening
  • GST Registration
  • 1 Digital Signature
Get Started
Standard Plan

Standard Plan

13499 incl. GST
26999 (50% off)
  • Company Registration
  • Share Certificates
  • Current Account Opening
  • GST Registration
  • 1 Digital Signature
  • 1 Year GST Return Filing
Get Started
Premium Plan

Premium Plan

25499 incl. GST
56665 (55% off)
  • Company Registration
  • Share Certificates
  • Current Account Opening
  • GST Registration
  • 1 Digital Signature
  • 1 Year GST Return Filing
  • 1 Year MCA Filing
  • 1 Year Income Tax Filing
  • 1 Year DIN KYC for Directors
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One Person Company

Documents Required For One Person Company

Aadhar Card
Bank Statement/Electricity Bill/Telephone Bill/Mobile Bill
Id Proof of Landlord/Landlady (Self Attested)
Id Proof of Witnesses (Self Attested)
Latest Electricity Bill (not older than 1 month)
No Objection Certificate (NOC)
PAN Card
Passport Size Photo
Rent Agreement (if electricity bill not in name of proprietor)
Voter Identity card/Passport/Driving Licence

One Person Company Registration

 

A one person company is a type of business entity that is registered with the Registrar of Companies. It is a separate legal entity from its owner and has limited liability. The owner of a one person company is known as the shareholder.

The benefits of incorporating a one person company include limited liability, easy formation, and compliance with corporate laws. One person companies are also known as sole proprietorships.

Who can incorporate a one person company?
» Any individual who is a resident of India and aged 18 years or above can incorporate a one person company.

Some of the key features of a one person company are:
 
  • It must have only one director and shareholder
  • The director must be a resident of India
  • The shareholder must hold at least 51% of the shares in the company
  • It must have a paid up share capital of Rs 1 lakh or more
  • It must have a minimum annual turnover of Rs 20 lakhs

What are the benefits of incorporating a One Person Company

A One Person Company is a company with only one shareholder. It is a separate legal entity from its shareholders, meaning it can enter into contracts, own property, and incur debts and liabilities in its own name. The liability of the shareholder is limited to their investment in the company.
 
One Person Companies are relatively easy and inexpensive to set up and maintain when compared to other types of business entities. They also offer some flexibility in terms of compliance with government regulations. For example, One Person Companies are not required to hold annual general meetings or prepare audited financial statements.
 

Who can incorporate a One Person Company

Any individual who is a resident of India and aged 18 years or older can incorporate a One Person Company. The individual must also have a valid PAN (Permanent Account Number) issued by the Income Tax Department.
 

What are the features of a One Person Company

Some of the key features of a One Person Company are as follows:
  • It must have only one shareholder
  • It must have only one director
  • The minimum paid-up capital requirement is INR 1 lakh
  • It must have a DIN (Director Identification Number)
  • It must obtain approval from RBI (Reserve Bank of India) for foreign investment
  • It must have a registered office in India
 

How to incorporate a One Person Company in India

The steps involved in incorporating a One Person Company
Incorporating a One Person Company in India requires the following steps:
  1. Obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA).
  2. Apply for a name registration with the MCA.
  3. Draft the Memorandum and Articles of Association of the company.
  4. File the incorporation documents with the MCA along with the prescribed fees.
  5. Obtain the Certificate of Incorporation from the MCA.
 

The documents required for incorporation

The following documents are required for incorporating a One Person Company in India:
  1. Duly filled and signed Form INC-7 along with the application for DIN;
  2. Memorandum of Association;
  3. Article of Association;
  4. Affidavit and Declaration as per Annexure I to Regulation 7 of The Companies (Incorporation) Regulations, 2014 ;
  5. PAN Card / Passport / Voter's ID card / Driving License issued in India as proof of identity of the subscriber to MOA and AOA;
  6. Address Proof - any one out of passport/bank account statement/telephone or mobile bill/electricity or gas bill not older than two months old, duly attested by a Gazetted Officer or Notary Public, containing self-attested photograph and residential address;
  7. Photographs - three recent passport size photographs of each director duly self-attested;
  8. Details of other directorships held by him, if any - annexed with Form DIR-3 KYC
  9. No Objection Certificate(NOC), if he is already holding any other directorship in any other company(ies)
  10. "Specimen signature" in black ink on white paper duly self-attested by him
  11. "Proofof residence" as mentioned at Sl no.(f);
  12. "Proofof appointment" as director such as Board Resolution or Letter of Appointment executed on non-judicial stamp paper or electronically signed document, wherever allowed u/s 4A(1)(b);
  13. "Any other information", which may be prescribed by rules from time to time."
 

The registered office of a One Person Company

A One Person Company must have a registered office within fifteen days from the date on which it is incorporated under section 12(6).
 

The regulations and compliances for a One Person Company

The financial statements of a One Person Company must give a true and fair view of the state of affairs of the company as at the end of the financial year and of the profit or loss for that year.
They must comply with the accounting standards prescribed under section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014.
The Balance Sheet, Statement of Profit and Loss, and Statement of Cash Flows shall be in Form AOC-1 annexed to these rules.
The Notes to Accounts shall be presented in Form AOC-2 annexed to these rules.
In case where any item is required by Accounting Standards but is not specifically dealt with in Form AOC-1 or 2, such item shall be disclosed separately under appropriate headings in Form AOC-1 or 2.
 

The annual return of a One Person Company

Every One Person Company shall file with the Registrar in Form MGT - 7 within sixty days from the closure of its financial year, an annual return containing particulars as prescribed in sub - section (3) read with section 92 which shall be verified by a company secretary or where there is no company secretary, by any director of the company.]]
The annual return shall contain the following particulars:
(i) the registered office of the company;
(ii) the principal business activities of the company indicating the codes as prescribed under the Companies (Indian Accounting Standards) Rules, 2015;
(iii) the names, addresses, and occupations of the directors of the company;
(iv) the share capital of the company;
(v) details of contracts or arrangements entered into by the company with any director or body corporate in which a director is interested; and
(vi) such other particulars as may be prescribed.
 
A One Person Company is a great way to start a business in India. The benefits of incorporating a One Person Company are numerous, and it is relatively easy to do so. There are some important regulations and compliances that need to be followed, but overall, a One Person Company is a great option for starting a business in India.

FAQ

If you don't see an answer to your question, you can send us an email from our contact form.

A candidate is a person who turns into an individual from the organization if there should be an occurrence of the advertiser's demise or weakening.

Approved Capital of a Company is the quantity of offers an organization can issue to the investors. A Company is expected to pay the Government an approved capital expense to give shares.

Guarantee that the name you pick is special and you have every one of the expected records before the course of joining for expedient consolidation.

In the event that the yearly compliances are not met with the turns into a Dormant Company and can be struck off after some time. A Struck organization can be restored for a time of as long as 20 years.

The DSC lays out the personality of the source or the endorser electronically while recording the archive on the web. The MCA commands that the Directors sign a portion of the application records using their Digital Signature.

It is the Unique Identification Number that is appointed to all current and proposed Directors of a Company. All proposed Directors should have Director Identification Number. The DIN never terminates and an individual can have just a single DIN.

OPC is a Company that has a different presence and is possessed by one single part. One individual is a combination of ownership and friends types of business.

GST registration for a Person Company is fundamental on the off chance that the stockpile of labor and products is in another state regardless of yearly turnover.

An OPC can raise assets through funding, monetary organizations. An OPC can likewise raise assets by changing over into a Private Limited Company.

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"A big thanks to the Tax Rupees team for making GST returns simple and easy for us. Rather than requiring 7 to 8 days to do compromise, presently it's simply a question of hours. The people there help us at any given time."

"Excellent service at a reasonable cost. You can do everything from the comfort of your own home and have all of your company registration documents delivered, which I thought was impossible. You saved a significant amount of time and money."

RAWA-RAJPUT-SANGATHAN
Shivanand Mogha

RAWA RAJPUT SANGATHAN

"Tax Rupees handled all of the documentation and filings required to get my startup company up and running. I went for LLP registration, and Tax Rupees expertly guided me through all of the processes and kept me up to date"

The Pal Choice
Mr. Pal

The Pal Choice

"Our experience with Tax Rupees has been amazing and their method of execution is excellent and simply amazing. I would like to continue working with TR for a longer period of time."

"I've been using TaxRupees for a year. My personal interactions with them have been very positive and responsive. They follow up on GST, TDS, and other statutory compliance in a timely and efficient manner. I also used their services for the new Private Limited Company we formed in June 2020."

"I had a very positive experience with Tax Rupees. They were quick to assist with all of my work and provided all related services in a timely manner. I recommend them to any individual or business that is looking to incorporate."

TAS WORLD DESIGNS PVT LTD
Ankit Sachdeva

TAS WORLD DESIGNS PVT LTD




Features and Advantages of Various Business Entities

Features Proprietorship Partnership LLP Company
Definition Unregistered type of business entity managed by one single person A formal agreement between two or more parties to manage and operate a business A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. Registered type of entity with limited liability to the owners and shareholders
Ownership
  • Sole Ownership
  • Min 2 Partners
  • Max 50 Partners
  • Designated Partners
  • Min 2 Directors
  • Min 2 Shareholders
  • Max 15 Directors
  • Max 200 Shareholders
For One Person Company
  • 1 Director
  • 1 Nominee Director
Registration Time 7-9 working days
Promoter Liability Unlimited Liability Limited Liability
Documentation
  • MSME
  • GST Registration
  • Partnership Deed
  • LLP Deed
  • Incorporation Certificate
  • MOA
  • AOA
  • Incorporation Certificate
Governance - Under Partnership Act LLP Act, 2008 Under Companies Act,2013
Transferability Non Transferable Transferable if registered under ROF Transferable
Compliance Requirements
  • Income tax filing if turnover is more than Rs.2.5 lakhs
  • ITR 5
  • Form 11
  • Form 8
  • ITR 5
  • ITR 6
  • MCA filing
  • Auditor'sappointment

One Person Company Registration in State

One Person Company Registration in City