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
No. of Shareholders	Maximum- 1 Person	200 Person
No of Directors	Minimum- 1 Person	2 Person
No of Directors	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.

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