One Person Company

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What is a One Person Company – An overview?

A one-person company means a company that has only one person as a member or shareholder. The Companies Act, 2013 and their rules classifies One Person Company as a small type of kind of private company having only one member. The Companies Act, 2013 and their rules classifies One Person Company is a kind of private company having only one member.

A One-person Company shall have a minimum of one director. Therefore, a One Person Company will be registered as a private company with one member and one director.

Rule 3 of companies (Incorporation) Rules, 2014 – One Person Company as a private limited company:-
Only a natural person who is an Indian Citizen and resident in India –
1. Shall be eligible to incorporate One Person Company.
2. Shall be a nominee for the sole member of One person company.

The Ministry of Corporate Affairs (MCA) has recently launched SPICE+, SPICE MOA, SPICE AOA, AGILE-PRO, and INC-9 (Incorporation Forms) to turn down the procedure, time, and cost for any new company incorporation through these integrated forms it becomes quite simple to incorporate of a One Person company within 5 to 7 working days.

Why you should incorporate company as a One Person Company?


One Member of this type of one-person company has limited liability. This means that a member will be liable to pay for the company’s liability only to the extent of the contribution made by him.


A One-person company has a separate legal entity different from only one member of the company. This means that one-person Company is responsible for the management of its assets and liabilities, debtors, and creditors. And you are not responsible for it. So, the creditors may not proceed against member to recover the money.


One Person Company in India is registered with the Registrar of companies (ROC) under the Companies Act 2013 and their rules. Any person can check the all details of the company through the Ministry of Corporate Affairs (MCA). Also, details of all the directors of the company are provided while the formation or incorporation of the company. Therefore a one-person company form of business structure is trusted more.


A company has ‘perpetual succession’, that is continued or uninterrupted existence unless it is legally dissolved. A private limited company is a separate legal entity and is not unaffected by the death or cessation of any member so that continues to be in existence irrespective of the changes in membership.


We Ensure Best Service

Proffs Tax is the best Online business consultancy for help to Company Registration Experts in India will help you with your One Person Company Registration Online in a quick and easy process.

  • Applying for Digital Signature Certificate (DSC) & Director’s Identification Number (DIN).
  • Selecting a Unique and Meaningful name for your OPC Registration.
  • Drafting all the required forms, documents, MOA, AOA for your Online Company Incorporation.
  • Filing necessary e-forms at MCA.
  • Incorporation Complete. Getting ready for allotment of COI, PAN and TAN of the company.

Once the incorporation is completed, you can open a Current Bank Account at any of your nearest bank by submitting a copy of your Company’ COI, MOA, AOA PAN and Board Resolution and all these documents provided by Proffs Tax team. 

After One Person Company registration and within 180 days, there are some annual compliances that need to be required. These compliances are compulsory by the MCA department so then after completing that annual compliance you really want to work and grow their business. If in case of non-compliance, some penalty may also be levied but, don’t worry.

Proffs Tax team has reminded you to be on time. Proffs Tax team members highly experienced Chartered Accountants, Advocates, Company Secretaries will guide you from time to time. So please fill-up the contact form to get in touch with proffs tax team and then get started with your OPC Registration process.