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ONE PERSON COMPANY GUIDE

ONE PERSON COMPANY

The idea of One Person Company (OPC) in India was introduced to give a boost
to entrepreneurs who have great potential to start their own venture by allowing
them to create a single person company.
One of the main benefit of an OPC is only one member is required in a OPC, while a
minimum of two members are required for forming and maintaining a Private
Limited Company or a Limited Liability Partnership.
An OPC since has a separate legal entity and it ensures protection to owner by
limiting his liability, easy to set up and maintain comparatively.
But, if an OPC exceeds a turnover of over Rs.2 crore or has a paid-up capital over
and above Rs.50 lakhs, it must be turned into a private or public limited company
within six months.

MEANING OF ONE PERSON COMPANY

What is a One Person company

Choose OPC because

Only one member is required.
Unaffected by death of member or change in ownership.

Easy to set up and maintain comparatively.

Limits the liabilities of its members

Separate Legal Entity

An One Person company is a legal
entity and a juristic person established
under the Act.

Limited Liability
Members personal assets are safe and
liability of members is limited to the
assets of company.

Uninterrupted Existence
A company has perpetual existence and
stays unaffected by death of any of its
members or change in ownership.

Borrowing Capacity
Banks and financial institutions prefer
lending to the company rather than
proprietary firms. So it is preferable to
register your startup as a One Person
private limited rather than proprietary
firm.

Full Control as the Sole owner

The more are the members the more
longer time it takes to take a decisions
and execute them. Being sole owner
ensures that you can take quick
decisions and executions.

ADVANTAGES OF ONE PERSON COMPANY

ADVANTAGES

Application for registering DSC of

Director 1 day

Application for DIN/DPIN 1 day

Name Approval- After first 2 complete.
4-6 days
Drafting and Filing of MOA/AOA 2-3
days
Filing Incorporation Documents 1 day
& Incorporation Certificate 4-5 days

The whole process may take 13-17 days depending on the approvals from ROC

OPC Registration

PROCESS OF INCORPORATION

Key steps of formation of One Person Company

 Pan Card Copy

ID Proof Aadhaar
Card/ Voter's ID/
Passport/ Driving
License
Residential Proof Latest Bank
Statement/
Telephone or Mobile
Bill/ Electricity or Gas
Bill
Passport Size
Photograph

Other documents
Latest Electricity Bill/
Telephone Bill/ Gas
Bill for registered
office address
Rental Agreement (if
rented property)
Sale Deed/ Property
Deed (for owned
property)

Documents that will be

sent by us for your
attestations/signatures
MOA and AOA
Consent Letter
NOC - No Objection
Certificate

DOCUMENT REQUIRED

Documents in respects
of Owner

Basic

Standard

Premium

Consulting/ Advisory Services

DIN of one Director

1 DSC USB Token-2 year validity

Government Fees for name Approval and

Incorporation

Stamp Duty For Incorporation

Government Fee for 1 Lakh Capital

Drafting of MOA and AOA

Drafting and Filing of all documents pertaining to

Incorporation

OPC Incorporation Certificate

PAN Card for Company

Tan Registration

Trademark Registration

Domain Name

Package price (Rs.)

12,499

17,899

19,399

PACKAGES OF ONE PERSON COMPANY

Inclusions

ABOUT LEGALRAASTA

We are committed to helping you grow your business and add value through our expertise. We aim to
deliver a hassle-free experience so that you can focus on your core business.
Our mission is to offer affordable, quick and automated professional services to clients. Through technology,
we bring numerous government/ legal forms at one place and have simplified them to be fully understood
by common man. Legalraasta.com is a one destination for your legal matters relating to:
1. Forming any type of business entity (e.g., Pvt. Ltd Co, LLP etc)
2. Filling individual and company return
3. Helping on company compliances such as ROC filings & minutes
4. Protecting work through trademark & copyright

Our team
LegalRaasta.com has been founded by a team of Chartered Accountants and professional
advisors. We currently have a network of 100+ professionals including experienced Chartered
Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers and
Bankers.
Pulkit Jain, founder of Legalraasta, has over 5+years experience in CA and Legal domain. He
has worked with the top CA firms in India and has served large corporate and MNCs

ABOUT LEGALRAASTA AND TEAM

About us

Trusted

Businesses are always under intense

time and cost pressures. With our
great packages 40% savings are
ensured compared to typical CA/
Lawyer

We are a trustworthy partner which has

been serving startups & companies for
past several years. Our growth numbers
stand as a testimony:

200+ clients

100+ services

30+ testimonials

Expertise
By teaming up with us , you will have
an access to network of 100+ experts.
You can gain the peace of mind in
knowing that your accounting tasks
are done properly by qualified,
experienced and knowledgeable
professionals in the field.

Easy Online Process

You dont have to deal with the
typical headaches involved with
face to face meeting and visiting
government offices. Our process
is 100% online. Fill out simple
forms and you are done!!

Partner/ Affiliations
We are an e-filing intermediary and have been
facilitating filing of hundreds of e-returns. We are
also registered with e-mudhra for issue of Pan
cards. There are multiple other associations with CA
& legal firms.
Our site has been secured by SSL to protect your
personal & payment details

WHY CHOOSE US

Cost effective

Tax filings

Forming an LLP
Form an OPC
Form a Pvt. Ltd. Co.
Form a Public Company
Registering Partnership
Sole proprietorship

Running you business

Register trademark
Register Digital signature
Register Pan Card
Register IEC
File copyright
Sales tax registration
Service tax registration
Increase authorized share capital
Change of office address

Individual Return
Service tax Return
LLP Annual Filing
Vat/Tin return
Company Annual Filing
TDS Return Filing

Legal documentation

Late rent notice

DSA Agreement
Website Terms & Conditions
Cheque Stop Payment Letter
Cheque bounce notice
Section 138 Notice
Account Opening Resolution
Offer Letter/ Appointment Letter

SERVICES OFFERED

Company formation/ Startup

www.legalraasta.com
Mail: contact@legalraasta.com, M: +919999379929

Corporate office
B-186, Lok Vihar, Pitampura, Delhi 110034 India

CONTACT US

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