One Person Company

What is a One Person Company (OPC)?

An OPC is a special type of company designed for solo entrepreneurs who want limited liability protection and a separate legal identity. In an OPC, a single person acts as both the director and shareholder, combining the ease of a sole proprietorship with the legal benefits of a private limited company.

Why Choose Easy My Tax Company for OPC Registration?

• We make the OPC registration process easy and affordable.
• Our expert team guides you at every step — from document preparation to filing.
• We help you set up your OPC smoothly, so you can focus on growing your business.

Introduction to One Person Company (OPC)

Introduced under the Companies Act, 2013, OPCs allow one individual to form a company with all benefits of limited liability and separate legal status. This structure helps formalize small businesses and promote entrepreneurship.

Eligibility Criteria for OPC Registration with Easy My Tax Company

• Only a natural person, who is an Indian citizen, can register an OPC (including NRIs).
• Minimum authorized capital should be Rs. 1,00,000.
• A nominee must be appointed, who will take over if the owner becomes incapacitated or passes away.
• Certain businesses like banking, insurance, or non-banking financial investments cannot register as OPC.
• If turnover exceeds Rs. 2 crore or paid-up capital exceeds Rs. 50 lakh, OPC must convert into a private limited company.
• One person can only register one OPC and minors cannot be members.

Advantages of Registering an OPC with Easy My Tax Company

• Separate legal entity protects your personal assets.
• Easier to raise funds than sole proprietorships.
• Simplified compliance and fewer formalities compared to private limited companies.
• Quick and easy registration with just one member and one nominee.
• Fast decision-making since only one person manages the company.
• Perpetual succession ensures business continuity.

Disadvantages of OPC

• Best suited for small businesses with a single owner.
• Limited ability to raise capital due to single membership.
• Restricted from engaging in certain financial or charitable activities.
• No clear separation between ownership and management, which may cause conflicts.

Documents Required for OPC Registration with Easy My Tax Company

• Memorandum of Association (MoA)
• Articles of Association (AoA)
• Nominee’s consent with PAN and Aadhaar (Form INC-3)
• Proof of registered office address
• Director’s declaration (Form INC-9) and consent (Form DIR-2)
• Professional declaration confirming legal compliance

Step-by-Step OPC Registration Process at Easy My Tax Company

1. Get Digital Signature Certificate (DSC) for the proposed director.
2. Apply for Director Identification Number (DIN) through MCA.
3. Reserve your company name via SPICe+ (Part A).
4. Prepare MoA and AoA — these define your company’s purpose and rules.
5. Submit all incorporation documents and forms with MCA through SPICe+ (Part B).
6. Receive the Certificate of Incorporation — your OPC is now official! PAN and TAN are issued automatically.

Why Register Your OPC with Easy My Tax Company?

• Affordable and transparent fees.
• Expert help from start to finish.
• Quick and hassle-free registration process.
• Dedicated support team ready to answer your questions.
• We ensure your OPC complies with all legal requirements.

Post-Incorporation Formalities

Once your OPC is registered, you must comply with ongoing requirements like:

• Filing annual returns and financial statements with the Registrar of Companies.
• Maintaining proper books of accounts.
• Paying taxes on time and filing income tax returns.
• Following other compliance as per the Companies Act, 2013.

Our experts at Easy My Tax Company are here to help you meet all these obligations smoothly.

Ready to start your entrepreneurial journey? Contact Easy My Tax Company now for expert OPC registration assistance and grow your business with confidence!