The table gives you an idea about the government cost of OPC registration: S.no.

Minimum Requirement Must have one shareholder who is an Indian citizen and resident of India Must have one nominee who is also  an Indian citizen and resident of India Must have one director (one shareholder himself can consider as a deemed director) Minimum share capital shall be Rs.1,00,000 Registered office in India DSC (Digital Signature Certificate) obtained by the sole owner DIN (Director Identification Number) of the director Documents Required The mandatory documents required to be filed with the MCA (Ministry of Corporate Affairs) to incorporate an OPC are as follows: Sr.

Stamp duty is collected by the government which is payable for different types of documents as per the Stamp Act.

Still, the concept of OPC is new in Indian business market but as the time will pass it will embrace as a most successful business entity.

Here we discuss some important rules for the functioning of the one person company: Rule 3- One Person Company Rule 3(1): Eligibility to incorporate One Person Company or to be a nominee of the company: A natural person An Indian citizen Resident of India Note-A natural person, who stayed in India for a minimum period of 182 days during immediate preceding one calendar year, shall be called a resident of India.

Any individual who is born in India and is a permanent resident of Indian preceding calendar year (i.e stayed here for 182 days).

Difference between OPC and Sole Proprietorship The below tables unveil the differences between the OPC (One Person Company) and Sole Proprietorship: Particulars One Person Company Sole Proprietorship Governing Law One Person Company prevailed by the Companies Act, 2013.

Difference between OPC and Public Company Comparative analysis of One Person Company and Public Company: Particulars One Person Company Public Company Governing Body OPC (One Person Company) is governed by the Companies Act, 2013.

Difference between OPC and Partnership Below table shows the comparison of two ideal entities for most entrepreneurs: Particulars One Person Company Partnership Governing Body One Person Company governed by the Companies Act, 2013.

According to section 3 it is defined as a private company with only a single director with Indian nationality.