ONE PERSON COMPANY (OPC)

One Person Company (OPC) is a mix between Sole Proprietorship and a Private Limited Company. OPC is centered toward sole business owners, it provides nominal liability, a legal status, and streamlined compliance. So that sole business owners can function legally and confidently benefiting as a company.
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Service Overview

One Person Company registration is ideal for those wanting to manage their business independently while enjoying corporate advantages. It limits personal liability, provides seamless ownership, and ensures legal security, making it a popular choice for startups and individual professionals.

‍Challenges of Filing for a Private Limited Company

Complex Procedures
The formation of the private limited company is quite complex as it requires many legal formalities.
Time-Consuming
Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.
Share Limit
In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.
Business Commencement
Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

‍Challenges of Filing for a ONE PERSON COMPANY (OPC)

Restricted Expansion Opportunities for OPCs
With only one owner permitted, raising equity or seeking multiple stakeholders becomes challenging for business growth and diversification.
Mandatory Conversion When Thresholds Are Breached
Surpassing a turnover of ₹2 crore or paid-up capital of ₹50 lakh requires compulsory conversion to a private limited company.
Compliance Despite Simplifications
While OPCs face fewer requirements than other entities, annual filings, audits, and regulatory updates still require timely attention and effort.
Nominee Appointment Complication:
The owner must appoint a nominee to ensure continuity, requiring clear consent and additional documentation at the time of incorporation.

Advantages Of Registering A One Person Company (OPC)

Shield from Personal Liabilities
Owners gain protection against business liabilities, ensuring their personal assets remain unaffected in financial disputes.
Independent Ownership & Control
With full decision-making authority, entrepreneurs can drive their vision without external interference or stakeholder obligations.
Corporate Entity with Simplified Rules
OPCs operate under reduced compliance requirements, making it easier to focus on business growth rather than paperwork.
Legal Recognition & Perpetual Existence
As a registered company, it enjoys legal backing, and its continuity remains unaffected by the owner’s status.

Service Process

01
Approval of Company Name
Select and reserve a name that aligns with OPC naming rules for official registration.
02
Name Approval
As the name of your company is approved, fill SPICe form for the OPC incorporation within 20 days of data consent from the RUN.
03
Digital Signature Certificate (DSC)
Secure a DSC to authenticate digital submissions and filings during the registration process.
04
Director Identification Number (DIN)
Obtain a unique DIN, identifying the director officially under the Ministry of Corporate Affairs (MCA).
05
Submission of Incorporation Forms
Prepare proper documentation necessary like the SPICe+ forms, including MOA and AOA with the registrar of companies.
06
Issuing Certificate of Incorporation
Upon verification, receive the incorporation certificate along with PAN and TAN for operational readiness.
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Service Process

Consultation
We will have a consultation regarding your business vision and requirements to decide on whether the private limited company fits you well.
Documentation
We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.
Registration
We will then forward all the necessary documents to the Registrar of Companies as required for registration.
Support
We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.
Compliance:
We will assist you in maintaining a continuing compliance with all legal and regulatory standards.
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Service Process

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Expert advisors simplify your OPC registration process, ensuring accuracy and efficiency.

Our services cater to unique business goals, offering full legal and compliance support.

Transparent, budget-friendly pricing ensures affordability without hidden costs.

We prioritize swift and smooth registrations to help you launch your business without delay.

Why Choose JR Compliance?

Service Breakdown

Eligibility

Eligibility

Indian citizens: Must be a citizen of India in order to register the business.
Sole business owners: There will be only one owner in the company who has to select one nominee.
Capital: There is no minimum paid-up capital requirement for a One Person Company which makes it very simple to manage in comparison to other companies.
Age Requirement: Must be 18 years or older to establish the company.

Documents

Documents

MoA and AoA: Stating the company's structure, objectives, and governance.
Nominee Consent Form: Written consent from a nominee to act in case of the sole member’s incapacity.
Proof of Registered Office: Documents such as a rental agreement or utility bill.
Director’s KYC Documents: PAN, Aadhaar, and address proof for the sole director.
DSC: Mandatory for electronic filings and compliance documentation.

Who Needs

Who Needs

Startups: This structure of partnership is ideal for ventures in their early stages seeking a flexible business structure.
Consulting agencies: Suited for agencies offering professional and advisory services.
Law firms: This structure offers organized partnership structure which is ideal for legal firms.
Family-owned businesses: Designed for families managing their businesses with shared ownership and responsibilities.

Creating

Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes and guide client properly.
Kartik Shah
Published on 4 March 2024
We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been exemplary.
P N Dhawanjewar
Published on 4 March 2024
We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.
K Narayanan
Published on 4 March 2024
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FAQ

What is an OPC?
An OPC is a company structure for single owners, offering liability protection and simplified compliance for independent businesses.
Who can register an OPC?
Anyone above 18 years of age and Indian Citizen living in India can register an OPC.
Does an OPC require a nominee?
Yes, the owner must nominate an individual to ensure company continuity in case of unforeseen events.
Is there a limit on the turnover for an OPC?
Yes, there is a limit. If an OPC's turnover exceeds ₹2 crore or it’s paid-up capital exceeds ₹50 lakh, then the conversion from One person company to private limited company becomes compulsory.
What are the annual compliance requirements for OPCs?
Periodic compliance obligations applicable to OPCs are that they must ensure the preparation and filing of financial statements, undergo an audit, and submit annual returns, which are set out in the Companies Act, 2013.

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