Introduction to one person company

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One Person Company
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Introduction to OPC
OPC is a suggest business entity for Proprietors
looking to limit their liability and have 100
control
Lowest Registration Cost Compared to a Private
Limited, an OPC has a lower registration fees
No. of Directors Compared to a Private Limited
or an LLP, OPC needs One director
Lowest Taxation Compared to a Private Limited,
an OPC has a lower tax liability
No Annual General Meetings Compared to a Private
Limited, an OPC need not conduct an AGM
No minimum Capital There is no statutory
requirement for a minimum capital contribution
Nominee Unlike a Private Limited or an LLP, OPC
needs to appoint a Nominee
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Pricing
Private Limited Company Rs. 11,999 Startup /
Investor Friendly 2 Directors 1 MOA 1 AOA 1
PAN 1 TAN Card
Limited Liability Partnership Rs. 9,999 For
Traditional Businesses 2 Partners 1 LLP
Agreement 1 PAN 1 TAN Card
One Person Company Rs. 10,999 For Sole
Founders 2 Digital Signature 1 Shareholder 1
PAN 1 TAN Card
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Documents Required

ID Proof
Address Proof
Photo
Office Proof
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OPC Cost Breakdown
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Comparison between OPC, Pvt. Ltd. Company and LLP
ONE PERSON COMPANY PRIVATE LIMITED COMPANY LIMITED LIABILITY PARTNERSHIP
Ideal For Sole Founders Start-Ups Traditional Businesses
Requirements 1 director 1 nominee Minimum 2 shareholders Minimum 2 Partners
Initial Investment 0 0 0
Tax Advantages Few Few Most
Compliances Moderate High Least
Registration Time 10 Days 10 Days 20 Days

• Stamp duty Extra for States Punjab, Kerala,
  Madhya Pradesh
• Charges extra for NRI/Foreign Directors

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What do you get?
Memorandum of Association
DSC
PAN Card
Article of Association
Incorporation Certificate
TAN Number
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Frequently Asked Questions

• How long does it take to register a OPC?
• It takes around 10-15 days to register a one
  person company.
• Can OPC become a member of another private
  Limited company?
• The Act has not made any restriction for a OPC to
  become a member of another Private Limited
  Company. What if, the turnover of the company
  exceeds Rs. 2 Crores.
• What are the limits for shareholders required to
  incorporate a OPC?
• An OPC can be incorporated with only one
  shareholder, the same needs to appoint a
  nominee, both should be residents of India.
• I am an NRI/Foreign National, can I be a director
  in a One Person Company?
• Yes, you can be a director but not a shareholder
  for an OPC.
• Is a commercial office mandatory to start an OPC
  ?
• No, You can incorporate an OPC with your
  residential address. There is no mandatory
  requirement to have a commercial place to open up
  an OPC.

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CONTACT INFORMATION
info_at_quickcompany.in 011-395-95858 www.quickcomp
any.in