What is a One Person Company?
A One Person Company (OPC) is a unique type of private company introduced by the Companies Act, 2013, designed specifically for solo entrepreneurs. It allows a single person to own and manage a company while enjoying limited liability protection.
OPC combines the advantages of a sole proprietorship (single ownership) with the benefits of a Private Limited Company (limited liability, separate legal entity). It's perfect for individuals who want to start a business on their own without the complexities of finding co-founders or partners.
Benefits of One Person Company
Single Ownership
Only one person required to form and run the company. No need for partners.
Limited Liability
Personal assets protected from business debts and liabilities.
Less Compliance
Fewer board meetings, no requirement of AGM, simplified reporting.
Separate Legal Entity
OPC can own property, enter contracts, sue and be sued in its own name.
Easy Conversion
Can be easily converted to Private Limited Company as business grows.
Bank Loans
Easier to get business loans and credit facilities from banks.
Eligibility & Requirements
Only Indian Citizen & Resident
The member must be an Indian citizen and resident (182+ days stay in India)
Only Natural Person
OPC can only be formed by a natural person, not by corporate entities
Nominee Required
A nominee must be appointed who becomes member in case of death/incapacity
One OPC Limit
A person can be member/nominee of only one OPC at a time
Minor Cannot Form
Minors (below 18 years) cannot incorporate or be nominee of OPC
Documents Required
For Member & Nominee
- PAN Card
- Aadhaar Card
- Passport Size Photograph
- Address Proof (Bank Statement/Utility Bill)
- Mobile Number & Email ID
For Registered Office
- Rent Agreement / Lease Deed
- NOC from Property Owner
- Latest Utility Bill
- Ownership Proof (if owned)
OPC Registration Process
Obtain DSC
Digital Signature for member and nominee (1-2 days)
Apply for DIN
Director Identification Number for the sole director
Name Reservation
Reserve unique OPC name through RUN service (1-2 days)
SPICe+ Filing
File incorporation with MoA, AoA, and nominee consent (INC-3)
Certificate of Incorporation
Receive CoI with CIN, PAN, and TAN from ROC
Our Pricing
Basic
+ Govt. Fees (excl. Digital Signature Certificate)
- Register your One Person Company at Ministry of Corporate Affairs
- Drafting & Filing by CA/CS
- Expert advice by CA/CS
- MCA processing and CIN
- Company PAN & TAN
- MOA & AOA
- Allotment of 1 DIN
- ESI and PF registration
- GST Registration
- INC-20A commencement of business
- The 1st Board Resolution documentation
- Consent Letter drafting
- Appointment of the Auditor
Frequently Asked Questions
Can NRIs form an OPC in India?
Yes, as per the Companies (Incorporation) Amendment Rules, 2021, NRIs can now form an OPC in India. However, they must be Indian citizens and appoint an Indian resident as nominee.
What is the role of a nominee in OPC?
A nominee is a person who becomes the member of the OPC in case of death or incapacity of the original member. The nominee must provide written consent (INC-3) at the time of incorporation.
When should OPC be converted to Pvt. Ltd.?
After removal of turnover and capital limits, mandatory conversion is no longer required. However, you may want to convert voluntarily if you need to add more shareholders/investors or want to expand operations.
What are the annual compliances for OPC?
OPC must file Annual Return (MGT-7A), Financial Statements (AOC-4), Director KYC (DIR-3 KYC), and Income Tax Return annually. However, OPC is exempt from holding Annual General Meeting.