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One Person Company V/S Private Limited Company

One Person Company

One Person Company V/S Private Limited Company Registration

MEANING

  • One person company means a corporation which has one member. It is the combination of sole proprietorship and company within which a corporation is registered with one member.
  • On the other hand a Private Limited Company is that kind of organisation structure which is registered under Companies Act to provide a separate legal existence to the business from its owners and members. 

There are many factors which distinguish between OPC and Pvt. Ltd Company. These are as follows:-

FACTORS

ONE PERSON COMPANY

PRIVATE LIMITED COMPANY

No. of Shareholders

Minimum-  1 Person

2 Person

Maximum- 1 Person

200 Person

No of  Directors

Minimum-  1 Person

2 Person

Maximum- 15 Person

15 Person

Nominee Requirement

There is only person who manage all the operation of business therefore in case of OPC member/director needs to nominate a person known as nominee and he should be Resident of India.

It means non-resident cannot become member or nominee of the company

No such requirement but on discretionary company nominate a person as nominee.

Also there is no restriction as OPC for non-resident. Hence a non-resident can be a member and director of the company.

Board Meeting

In each half of the calendar year company must be hold one meeting and the gap between two meeting is not more than 90 days

First meeting need to be held within 30 days from the date of incorporation

 

And
Minimum 4 meetings held in subsequent calendar year

Annual General Meeting (AGM)

No AGM Required

Mandatory

Compliance Cost

Nominal

High

Annual Filing

Financial Statement and Annual Returns to be filed with ROC

Financial Statement and Annual Returns to be filed with Financial Statement and Annual Returns to be filed with Registrar

Foreign Direct Investment

Not Eligible

Eligible

Company Name

Ends with OPC Pvt. Ltd./ OPC Ltd.

Ends with Pvt. Ltd.

The NeuSource Startup Minds official the best Business Startup Consultant offer services like Proprietorship Firm Registration, Partnership Firm Registration, OPC Registration, GST Registration, LLP Registration, Trademark registration, FSSAI Licence, ISO Registration

28 Mar

Neha Sahni
Neha Sahni

All pieces that originate from the Team are important to present the organization and to reach at new statures. Neusource is one of an Endeavor in current field.