What is One Person Company Registration ?

One person company is effectively a company that has only one shareholder as its member.OPC means one individual who may be a resident or NRI can incorporate his/her business that has the features of a company and the benefits of a sole proprietorship.

Section 2(62) of Companies Act defines a one-person company as a company that has only one person who operating the whole company & its operations. Entrepreneurs whose businesses lie in early stages prefer to create OPCs instead of sole proprietorship business because of the several advantages that OPCs offer & have less compliances comparing to other businesses.

Benefits

  • Limited Liability : Unlike sole proprietorships, OPCs offer limited liability protection to their sole member.
  • Separate Legal Entity : An OPC is a distinct legal entity, separate from its owner.
  • Continuity : The Company continues to exist beyond the life of its member.
  • Less Compliance : OPCs have fewer compliance requirements compared to other corporate entities.
  • Ease of Management : Simplified management structure with fewer complexities.

Process

01

Digital Signature Certificate (DSC)

Obtain DSC for the director to sign electronic documents.

02

Director Identification Number (DIN)

Apply for DIN for the proposed director who does not already have one.

03

Nominee Consent

Prepare and obtain consent from the nominee using Form INC-3.

04

Name Approval

Submit the name approval application through the RUN service on the MCA portal.

05

Incorporation Application

File the incorporation application using SPICe+ form along with MOA, AOA, and other required documents.

06

Verification and Approval

MCA verifies the application and documents. If everything is in order, the Certificate of Incorporation is issued.

07

Post-Incorporation Compliance

Obtain PAN and TAN, open a bank account, and register for GST if necessary.

Documents Required

Director Identification Number (DIN)

  • Photographs
  • Identity Proof : PAN card (mandatory for Indian nationals)
  • Address Proof : Passport, voter ID, driving license, or Aadhar card

Digital Signature Certificate (DSC)

Memorandum of Association (MOA)

Articles of Association (AOA)

Proof of Registered Office Address

  • Utility bill (electricity, water, gas, or telephone) not older than 2 months
  • Rental agreement, if applicable
  • NOC from the owner of the premises

Identity and Address Proof of Subscribers and Directors

Nominee's Consent Form (INC-3): Consent of nominee along with their PAN and Aadhaar card.

Our Support?

  • Assisting in obtaining DSC and DIN
  • Guiding through the nominee consent process
  • Facilitating name approval and incorporation application
  • Ensuring compliance with all legal requirements
  • Providing ongoing support for post-incorporation compliance

Frequently Asked Questions

Any individual, whether a resident or a Non-Resident Indian (NRI), can form an OPC. However, the individual must be a natural person and not a legal entity..

OPCs have fewer compliance requirements than other types of companies. They need to file annual returns, maintain proper financial records, and conduct audits if turnover exceeds specified limits. However, they are exempt from holding annual general meetings.

A nominee is a person designated by the sole member of the OPC to take over the company's operations in case of the member's death or incapacitation. The nominee's consent is required at the time of incorporation.

Yes, while an OPC can have only one member, it can have more than one director. The maximum number of directors allowed is 15.

The registration process for an OPC typically takes 7 to 10 working days, provided all the required documents are in order and there are no discrepancies in the application.

An OPC is taxed as a private limited company under the Income Tax Act, 1961. It must file annual income tax returns and pay corporate taxes as applicable.