Biz Setup Global

One Person Company (Pvt Ltd)

The Corporate One-Man Army

While we call you, get some insights into what you are getting into.

At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower OPC firms like yours to thrive and succeed.

Clear Facts on One Person Private Limited Company

As Per Section 2(62) Of The Company’s Act 2013, the concept of One Person Company empowers single entrepreneurs to create a business entity with limited liability protection. 

With OPC, you become the sole shareholder, ensuring complete control over your venture. This unique legal structure offers the following features:

Only Indian citizens and Residents of India are eligible for OPC.

One-Person Companies are restricted to doing business in Non-Banking Financial Investment activities, including investment in securities of any other corporate body.

An OPC must write OPC in brackets after the name of the Company.

OPC cannot be incorporated or converted under Section 8 of the Act.

OPC can only be converted to any form of company after the expiration of two years of incorporation.

The annual general meeting is optional in OPC.

The OPC must conduct at least two board meetings in a calendar year and one meeting in each half of a calendar year.

One Person Company (OPC) must nominate a nominee who will become the owner of OPC in case the sole member is disabled.

If your annual turnover crosses ₹2 crores, OPC must convert into a Private Limited Company.

Benefits of OPC

Easy Transferability

The ownership of an OPC can be transferred to any other legal entity or person in India or abroad easily - in part or whole. Directors can also be replaced to ensure business continuity.

Separate Legal Entity

One Person Private Limited Company is recognised as a separate entity legally with perpetual existence. It has PAN numbers, bank accounts, licenses, approvals, contracts, assets and liabilities in its unique name.

Limited Liability

One Person Private Limited Company provides limited liability protection to its shareholder. In case of any unforeseen liabilities, it would be limited to the company and not impact the shareholder.

Perpetual Succession

One Person Private Limited Company, once registered, keeps on existing in the eyes of the law even in the case of any member's death, bankruptcy, or insolvency.


OPC can raise equity capital from persons or entities interested in becoming shareholders. Entrepreneurs can raise money from angel investors, venture capital, private equity, and hedge funds.

Borrowing Capacity

Due to more debt options, Indian OPCs can borrow more than LLPs. Since debenture issues and convertible debentures are always available, banks help OPCs more than LLPs.

Greater credibility

OPCs must provide the company registrar with a lot of structure, operations, and financial information for the Public domain. Thus, vendors, lenders, and employees can find company information like authorised capital, directors, registered office, etc. Businesses with this information are more credible.

Better governance

OPCs are more organised at creating value because the Companies Act 2013 requires them to follow strict procedures, disclose norms, and comply with legal requirements. To avoid issues, experts should register an OPC.

Key Registration Services: Tailored to Your Needs

MSME Registration

MSME or Udyog Aadhaar registration is to be obtained in the business’s name to establish that the partnership firm is registered with the Ministry of Micro, Small and Medium Enterprises.

Import Export Code

Import Export Code or IE code is obtained from the DGFT in case Pvt Ltd firm business do export /import from India.Import Export Code or IE code is obtained from the DGFT in case Pvt Ltd firm business do export /import from India.

TAN Registration

TAN registration must be obtained for Pvt Ltd firm from the income tax department if the partnership firm is required to deduct any TDS while making any payments as per Income Tax Act 1961.

FSSAI Registration

In case a partnership firm is involved in selling food products or handling food products, FSSAI registration must be obtained from the Food Safety and Standard Authority of India in the name of Pvt Ltd firm.

GST Registration

GST registration must be obtained if the Pvt Ltd firm sells goods or services that cross the GST turnover threshold limit for registration. In most states, GST registration is required for service providers with annual revenue of more than ₹20 lakhs and traders-annual revenue of more than ₹40 lakhs.

Current Account

A current account can be opened for a partnership firm in any bank in India. We offer exclusive partnerships through which zero-balance current accounts can be opened.

Shop & Establishment License

We will register for Shop & Establishment license if needed as per the criteria.

Applicable Taxes and Annual Compliance

Income Tax Filing

Companies registered in India must file income tax returns each year in Form ITR-6 by 30th September.


The DIN KYC procedure must be completed each year by the company's directors by 30th April.

Annual Return

Companies registered in India must file MCA annual returns each year in forms AOC-4 and MGT-7 by 31st October.

Statutory Auditor Appointment

Within 30 days of incorporation.

Financial Statement Preparation

Annually require.

GST Filing

GST must be filed if registration taken.

Commencement of Business

The capital mentioned in the MOA [Memorandum of Association] must be deposited in a bank, and a commencement certificate must be obtained from MCA within 180 days of Incorporation.

Documents To Be Uploaded

For Directors:

  1. PAN Copy
  2. Aadhaar Copy/Voter’s ID/Passport/Driver’s License
  3. Latest Bank Statement/Telephone Bills/Mobile Bill/Electricity Bill/Gas Bill
  4. Passport Size Photograph
  5. Passport for NRI and Foreign National

For Registered office:

  1. Electricity bill/Gas bill not older than two months
  2. Notarised rental agreement in English
  3. No-objection certificate from the property owner
  4. Sale deed/property deed in English (in case of owned property).

Indian Business Structure Requirments Comparison

Criteria Private Limited Company One Person Company Sole Proprietorship Limited Liability  Partnership Partnership Firm
Ideal for Business Startup & Growing Companies Single Promoter Small Traders & Manufacturers Professionals Service Firms Small businesses & Home Businesses
Requirements 2 Directors/Shareholders 1 Director/Shareholder 1 Proprietor 2 Partners 2 Partners
Initial Investment Not Required Not Required Not Required Not Required Not Required
Tax Advantages Few benefits Few benefits Minimal Most efficient Minimal
Compliances High High Minimal Low Minimal
Limited Liability Protection Yes Yes No Yes No
Investment Options Very easy to accommodate Possible but unlikely Not possible Possible but unlikely Not possible
Managing Cost High High Very Low Moderate high Very Low
Paper Work High High Very Less Moderate high Less
Perpetual Existance Yes Yes No Yes No
Time Taken 5-10 days 5-10 days 5-7 days 5-10 days 5-10 days

Pay as You Grow

Flexible Payment Options

Choose the package that aligns with your needs and watch your dream take flight:

Note: Fees are subject to change based on turnover and income tax requirements. For accurate and up-to-date information, please contact our experts.

Getting started is as easy as 1-2-3:

Simply fill out the form to get started.

Make a secure payment. No additional compliance in most cases

Our expert will connect with you & advise on documents.

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