One Person Company (OPC) Registration
The perfect blend of corporate status and solo ownership. Enjoy limited liability while being your own boss.
₹6,999
Starting Price
10-15 Days
Completion Time
1 Owner
Single Promoter
Protected
Limited Liability
What is a One Person Company?
An OPC is a company that has only one person as its member. It combines the most desired features of a sole proprietorship and a company, offering limited liability and a separate legal identity. It's a structure designed to support entrepreneurs who are starting a business on their own.
Why Choose an OPC?
Limited Liability
Protects your personal assets from business debts and losses.
Separate Legal Entity
The business is legally distinct from you, the owner.
Easy to Get Loans
Banks and financial institutions prefer to lend to companies.
Perpetual Succession
The business continues even after the death of the owner, through the nominee.
Eligibility Criteria for OPC
- Only a natural person who is an Indian citizen and resident in India can form an OPC.
- One person cannot form more than one OPC.
- A nominee must be appointed during incorporation.
- The minimum authorized capital is ₹1 lakh.
Documents Required for OPC
Keep these documents handy for a quick and smooth registration process.
For the Director & Nominee
- PAN Card
- Aadhaar Card
- Photograph
- Address Proof
For the Registered Office
- Utility Bill
- Rent Agreement (if rented)
- NOC from Owner
Other Information
- Proposed Company Name
- Business Objectives
Frequently Asked Questions
Who is a nominee in an OPC and why are they required?
A nominee is a person designated by the sole member who will take over the company in the event of the member's death or incapacity. Appointing a nominee is a mandatory requirement to ensure the perpetual succession of the company.
Can an OPC have more than one director?
Yes, while an OPC can only have one member (shareholder), it can have more than one director. The maximum number of directors allowed in an OPC is 15.
What are the annual compliance requirements for an OPC?
An OPC must file annual financial statements (Form AOC-4) and an annual return (Form MGT-7) with the Registrar of Companies. It also needs to file an Income Tax Return annually.
When does an OPC need to be converted into a Private Limited Company?
Conversion is mandatory if the paid-up share capital exceeds ₹50 lakhs or if the average annual turnover for three consecutive years exceeds ₹2 crores. It can also be converted voluntarily after two years of incorporation.