• Limited Liability Protection to Directors' personal assets

Many times startups need to borrow money and take things on credit. In the case of proprietorship firms, Proprietor's personal savings and property would be at risk in case the business is not able to repay its loans. In a one-person private limited company, only investment in the business is lost, personal assets of the directors are safe.

• Helps for Testing of Business Model and Enables Funding

The OPC business helps Startup Entrepreneurs to easily test their business model, and upon building a marketable product, they can approach Angel investors, Venture capitalists for funding and easily convert their OPC into multi shareholder Private Limited company.

• Better image and credibility in Market

In India, OPC is a private limited company, which is a popular and well-known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with private limited companies instead of proprietorship firms.

• Complete Control of the Company with a Single Owner

This leads to fast decision making and execution. Yet OPC can appoint as many as 15 directors for administrative functions, without giving any share to them.

• Easy to Manage and Freedom from Compliances

OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.

• Easy to Sell OPC

OPC Company is easy to sell, very less documentation and fewer costs are involved in the selling of a One-Person company.

• Minimum 1 Shareholder

• Minimum 1 Director

• The directors and shareholders can be the same person

• Minimum 1 Nominee

• Only Indian residents can be Shareholder & Nominee

• Minimum 1 Director must be an Indian Resident

• Minimum Authorised Share Capital to be- ₹ 100,000 (INR One Lakh)

• DIN (Director Identification Number) for all Directors

• DSC (Digital Signature Certificate) for any one of the Directors

• PAN & Aadhar of the Director

• Scan copy of Passport size photographs of the Director

• Scan copy of Specimen Signatures of the Director

• Address Proof of the Director (Eg: Electricity Bill, Telephone Bill etc) in case Aadhar address is different

• Latest 3 Months Bank statement of the Director

• Mobile Numbers & Email IDs of the Director

• DIN for 1 Director

• Digital Signature Token for 1 Director

• Company Name Approval

• MOA + AOA

• Incorporation Certificate

• Company PAN Card

• Company TAN/TDS Number

• Bank Account Opening Document Support

• Domain, Website with hosting for 1 Year

• Accounting setup in Zoho Books

You need to arrange very simple documents of a director like a photograph, Pan card and one address proof

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after the incorporation of OPC. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing the ROC office.

ROC is a Government office with which companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra, companies are registered with Mumbai and Pune ROC. In Tamilnadu, companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi, there is only one ROC office, like in Bangalore, Hyderabad, Ahmedabad, Goa and so on.

No. We provide a complete online Company Incorporation process. All legal documentation and visits are done by us.

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year one-man companies have to file very basic returns with the ROC office.

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by the ROC office (Ministry of Corporate Affairs)

It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

A digital signature is an electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of the Company. Digital Signatures cannot be used in physical documents.

MOA means Memorandum of Association and AOA means Articles of Association. These are the bylaws or rules based on which important matters like the main business of the company or meetings are decided. These are standard legal documents prepared by Company Secretaries during the registration of the Company.

Yes, the company office address can be changed anytime after incorporation.

Capital means investment made by the shareholder into OPC. The Authorised capital is an amount up to which a company can issue shares. This capital is mentioned during the incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid-up capital is an actual investment that goes from the shareholder into company bank account, against which a share certificate is issued by the company. There is no minimum compulsion for paid-up capital, it can be as low as Rs. 10,000

No. After the company is registered, it needs to open a company bank account and then anytime within two months of incorporation, capital can be deposited into the Company bank account.

This is not true, a Private limited company is one of the modes of doing business, which means it can be started from scratch. For that matter, even after incorporating a private limited, there is no obligation that the company must have sales or turnover.

There is no automatic applicability. Provident Fund (PF), Service Tax or VAT law applicability is the same for all types of businesses like a sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.