Welcome to TRUSTLINK INDIA
One Person Company Registration
A Combination of Sole Proprietorship and Corporate Business Forms
A Brief About OPC Formation
One Person Company Registration in India is a combination of sole proprietorship and corporate forms of business. The One Person Company (OPC) structure was introduced in India in 2013 as an extension of sole proprietorship.
In an OPC, a single promoter gets complete control of the business. Thus, OPC is formed with only one person as a member, unlike traditional company formation which requires at least two members.
It is a suitable business structure for small traders who wish to expand their opportunities with a corporate identity. We offer a very simple and quick OPC Registration in India.
Advantages Over a Sole Proprietorship
Forming an OPC offers significant structural upgrades compared to traditional sole proprietorships:
Unique Name
Unlike a sole proprietorship firm, an OPC name is secure and cannot be copied by others.
Separate Legal Entity
As per the Companies Act, an OPC is an artificial judicial person and a separate legal entity from its director or promoter. It can own assets, incur debts, and operate independently.
Limited Liability
An OPC has limited liability. The liability of the single member is restricted to the face value of the shares owned. This protects personal assets, unlike a sole proprietorship.
Smooth Succession
An OPC must appoint a nominee. In case of death or disability of the promoter/director, the nominee takes over the company, including ownership and liabilities.
Fewer Compliance Requirements
Certain compliance requirements applicable to Private Limited Companies are exempt for OPCs, such as Extra Ordinary General Meetings (EGM), notice of meetings, and chairman of meetings.
Lower Tax Rates
Being a registered company, an OPC benefits from lower income tax rates compared to standard individual or sole proprietorship slabs.
Key Benefits of an OPC
Better Image and Credibility
An OPC carries better credibility among customers, investors, corporates, vendors, and government agencies than unregistered businesses.
Better Access to Funding
An OPC has more options to raise funds through bank loans, angel investors, and venture capitalists.
Limited Liability Protection
The liability of the member is limited to their shareholding, ensuring absolute protection of the director’s personal assets.
Less Compliance
OPC is one of the easiest corporate structures with significantly fewer compliance requirements compared to other company types.
It Is Simple to Form an OPC
Before forming an OPC in India, ensure the following requirements are met as per the Companies Act 2013:
- Company Name Must Be Unique: The name must be distinct and not similar to any existing registered company or trademark.
- One Director: An OPC must have a single director who must be an Indian citizen and a resident of India. (NRIs and foreign nationals cannot register an OPC in India.)
- Minimum Capital Contribution: An OPC can start with any capital contribution but must have a minimum authorized capital of ₹1,00,000.
- Nominee Requirement: An OPC must appoint one nominee who must be a resident of India.
- Registered Office: The company must have a registered address in India for official communication and operations. It does not need to be a commercial property.
Easy Documentation and Process
The documentation required for OPC formation in India is simple and requires only scanned copies.
Documents of the Director
- Photograph of the director
- PAN Card, Aadhaar Card, and Voter ID
- Address Proof: Bank statement, Electricity bill, Telephone bill, or Mobile bill (not older than 30 days)
- Identity Proof: Voter ID, Passport, or Driving License
- Consent of Director (format provided)
Documents for Registered Office
- Latest electricity bill or utility bill in the name of the owner
- Rent agreement between owner and company promoter
- No Objection Certificate (NOC) from the owner
OPC Registration from TRUSTLINK
TRUSTLINK offers an attractive package for One Person Company Registration. The package includes:
- Digital Signature with Token
- Preparation of MOA & AOA
- DIN for Director
- PAN and TAN of the Company
- PF & ESIC Registrations
- Incorporation Certificate
- Bank Resolution for Account Opening
- Free MSME Registration
- Free 1-year web hosting with SSL
What Our Customers Say
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