One Person Company Registration

OPC has only one shareholder who is the sole owner and director of the company.

• It enjoys the benefits of limited liability, meaning the personal assets of the owner are separate from the company's liabilities.
• OPC does not require appointing a minimum number of directors like other companies.
• It has perpetual succession, meaning the existence of the company is not affected by the death or incapacitation of the owner.
• OPC is not allowed to raise funds from the public through share issuance.

• One Person Company (OPC): It has only one shareholder, limited liability, and no requirement for appointing a minimum number of directors.
• Limited Liability Partnership (LLP): It has two or more partners, each with limited liability for their own actions and the actions of those they supervise.
• Private Limited Company (Pvt Ltd): It requires a minimum of two shareholders and two directors, offering limited liability and the ability to raise funds through share issuance.

Only a natural person who is an Indian citizen and resident in India can form an OPC. Additionally, an individual cannot be a member of more than one OPC at the same time.

The documents required for OPC company registration include:

• Identity and address proofs of the owner/director(s).
• Address proof of the company's registered office.
• Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
• Consent to act as a director from the owner/director(s).
• NOC (No Objection Certificate) from the property owner of the registered office.

OPC is a type of private company. It has all the features of a private company with the exception that it can have only one shareholder.

• Identity and address proofs of the owner/director(s).
• Address proof of the company's registered office.
• Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
• Consent to act as a director from the owner/director(s).
• NOC (No Objection Certificate) from the property owner of the registered office.

OPC must comply with the following rules:

• The owner must be an Indian citizen and resident in India.
• It cannot have more than one shareholder.
• The minimum authorized capital is not applicable.
• It must add One Person Company to its name to distinguish it from other types of companies.

The OPC registration fees may vary and depend on factors like authorized capital, professional fees, and government charges. It is recommended to check with a Auriga Accounting expert.

Yes, OPC can have directors, but it must have a minimum of one director at all times. The sole shareholder is also the director by default.

To register an OPC company in India, follow these steps:

• Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed director.
• Choose a suitable name for the company, adhering to the naming guidelines.
• Prepare the necessary documents, including MOA, AOA, and address proofs.
• File the application for OPC registration with the Registrar of Companies (ROC).
• Pay the required registration fees and stamp duty.
• Once approved, the ROC will issue a Certificate of Incorporation, and the company will be officially registered.

The tax rate for an OPC in India is the same as for other private companies. As of my last update in September 2021, the corporate tax rate was 25% for companies with a turnover of up to 400 crore INR and 30% for companies with a higher turnover. Additionally, there might be other applicable taxes depending on the nature of the business and its activities.

No, a one person company cannot issue shares to the public, as it is not allowed to raise funds through public share issuance. It can only have one shareholder who holds 100% of the shares.

Yes, an OPC can open a trading account for the purpose of buying and selling securities in the stock market. It can trade in equities, derivatives, and other financial instruments like any other company.

Yes, an OPC can open a Demat account. A Demat account is used to hold and store securities in an electronic format. It is essential for trading and investing in the stock market. An OPC can open a Demat account in its name to hold shares and other securities.