One Person Company -

One Person Company

Simplifying the process of company incorporation for your business.

What is a One Person Company(OPC) ?

A One Person Company (OPC) is a business model introduced under the Companies Act, 2013, allowing a single entrepreneur to operate as a corporate entity while enjoying complete control.

Sole Ownership with Full Control – One individual manages and runs the business independently.
Limited Liability Protection – Personal assets remain safe; liability is restricted to business investments.
Separate Legal Identity – The company operates as a distinct legal entity from its owner.
Minimal Compliance Requirements – Simplified regulations compared to other company structures.

Why Choose OPC Registration?

Full Control with Limited Liability – Enjoy complete ownership while protecting personal assets from business liabilities.
Separate Legal Identity – The company is a distinct legal entity, ensuring credibility and easier financial transactions.
Minimal Compliance Burden – Fewer regulations compared to Private Limited Companies, making management hassle-free.
Better Access to Funding – Easier to raise funds and secure loans compared to sole proprietorships.
Perpetual Succession – The business continues to exist even after the owner’s demise, ensuring stability.
Tax Benefits – Lower tax rates and exemptions compared to traditional sole proprietorships.

Documents Required for OPC Registration

For the Sole Owner (Director & Shareholder):
- PAN Card (Mandatory)
- Passport-size Photograph (Recent)
- Aadhaar Card, Voter ID, or Driver’s License (As address proof)
- Passport (For Foreign Nationals/NRIs)
For Registered Office Address:
- Electricity Bill, Water Bill, Telephone Bill, or Latest Bank Statement (As proof of address)
- Notarized Rental Agreement (If rented)
- NOC from Property Owner (Format provided)
- Sale Deed/Property Deed (If owned)
Additional Requirements:
- Digital Signature Certificate (DSC) (For the sole director)
- Director Identification Number (DIN) (Issued by MCA)
- Memorandum of Association (MoA) & Articles of Association (AoA) (Defining company objectives and structure)
- Nominee Consent Form (INC-3) (Nominee details in case of unforeseen circumstances)

Mandatory Criteria for OPC Registration

Single Shareholder & Director – An OPC can have only one shareholder and one director (both can be the same person).
Nominee Appointment – A nominee must be appointed at the time of incorporation to take over in case of the owner’s incapacity or demise.
Only Indian Residents Allowed – The shareholder, director, and nominee must be Indian residents, meaning they have stayed in India for at least 182 days in the previous financial year.
Business Name Approval – The company name must be unique and comply with MCA guidelines, ending with “(OPC) Private Limited”.
Registered Office Address – A valid office address in India is required, supported by utility bills and an NOC from the property owner.
Minimum Capital Requirement – No minimum capital is required, but the paid-up capital cannot exceed ₹50 lakh, and annual turnover must remain below ₹2 crore to maintain OPC status.
Mandatory Conversion (If Criteria Exceeded) – If turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh, the OPC must be converted into a Private or Public Limited Company.
Compliance with MCA & Tax Regulations – The OPC must follow annual compliance requirements, including filing income tax returns, financial statements, and MCA filings.