One Person Company

Register One Person Company

One Point Compliance LLP is glad to help you out in registering One Person Company for turning out in the right platform. This concept itself is a new and trending as it has acquired as a legal registration in the recent time.

One person company allows a lone entrepreneur functions with the corporate entity with the limited liability charges applied to its shareholders.

Registering a One Person company is like a breeze when you get assistance from One Point Compliance. The director must submit the Identity proof and address proof which is mandatory for the documented procedure. We also demand to submit the Identity proof and Address proof of the Nominee director as well. PAN Card for both of them is necessary Other than which, as a company, you shall submit the address proof of the registered office.

One Person Company

What is One Person Company?

Section 2(62) of the Companies Act, 2013 (“Act”) defines OPC as a company which has only one person as a member. It allows anyone who has a capacity to start a single economic entity or a venture. The owner will take up the sole person who can incorporate the ideas while in Private Limited Company or Public Limited Company; you need at least two members and more. It is also considered to be the generous parting gift after retirement. It has only one person who will act as both director and shareholder. It is blankly a hybrid business structure where it combines sole proprietorship and company form of business also.

OPC also have the certain limitation regarding the registration process. The owner of the company should nominate one person as ‘Nominee’ in the event of death, incapacity, etc. who will- (a) become a member of OPC; (b) be entitled to all shares of the OPC, and (c) bear all liabilities of OPC. However, written consent of such Nominee to act as nominee must be obtained and filed with the RoC at the time of incorporation along with MoA and AoA.. However, this might be possible with One Point Compliance LLP in the most effective manner.

OPC is a single entity hence the identity of the owner is not lost. The company has more opportunity to extend its venture and funds through some of the angel investors by inviting them. You may also get a loan in case of a bad low credit rating. It encourages the small entrepreneurs to carry out the ideas in the large market without any burden.


Bank Account: The owners should start a bank account in the company or firm name. The Limited Liability Partnership agreement will also be submitted in case any of your shareholders have hand over the bank operations.

Business license: The Company should have a registered Office. To prove that you are running the company in a particular place, you must submit a recent copy of electricity bill or water tax bill. The landlord copy of no objection to run the business in their place should be produced.

Tax registration: (GST Registration)

From 1st July 2017, the government of India imposed the GST on all the businesses. GST is basically a uniform tax which replaces the various taxes like Service Tax | VAT/CST Registration or TIN Number etc.

Depending on the yearly turnover, getting registered under GST has become mandatory. With a yearly turnover of more than 20Lakhs (10 lakhs for northeastern states) the companies are required to register for GST.

Documents Required for GST registration:

1 Aadhar Card Copy

2 Pan Card Copy

3 Personal Bank Statement Copy/Cancelled Cheque

4 Copy of Electricity Bill of owner's office or business premises.

5 Passport Size Photograph

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Why A One Person Company

More Opportunities and Liabilities

Since the liability of the One Person Company is limited to the extent of the value of the share you hold, the opportunity for taking business and financial risks as an individual is more. But this will at any cost does not affect your personal assets or loss. Hence, the companies which is a brand new and startup entrepreneurs can use this as a benefit policy for the operation of the business.

Small Scale Business Benefits

A One Person Company shall be treated as a Small Scale industry that has low rate of interest on loans. Security is not a necessary concern that has to be produced for the receiving funds from the banks. Without any security deposit of certain limit, under Foreign Trade policy, the company shall enjoy enoromous benefits. It is definitely a gift grant for OPC in initial years.

Tax and Interest

Unlike proprietorship the income tax will be deducted for the reimbursement or remuneration given to the director. After a duration buyer or receiver receiving the delay in payment will be getting interest that is three time higher the value of the bank rate. Presumptive taxation has also other benefits stated under income tax act.

Earning Trust

The business entity like company or firm is always subjected to the value of trust and dignity to maintain with their valuable stakeholders.

Most Competitive Pricing

Documents Required for GST registration:-

# 1 Aadhar Card Copy

# 2 Pan Card Copy

# 3 Personal Bank Statement Copy/Cancelled Cheque

# 4 Copy of Electricity Bill of owner's office or business premises.

#5 Passport Size Photograph

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How Can We Help

One Point Compliance LLPis a trusted name for all legal and regulatory services. We have defined our services to fit clients from all walks of life. Whether you are an entrepreneur or an established businessman, our services literally make law easy for you.

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If you are confused and looking for answers for questions related to business registration, tax filing or compliance, we are here to help.

Just reach us and we are sure to provide you with ample legal services.

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