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One Person Company (OPC) Registration in India

Launch your one-person business with the benefits of limited liability and legal recognition under the Companies Act, 2013 — with Professionals Law’s professional support.

Starting from ₹6,999

Introduction and Its Compliance

A One Person Company (OPC) is a form of private limited company introduced under the Companies Act, 2013, designed specifically for those entrepreneurs who want to run the show independently.

It allows a single individual to incorporate and run a company with limited liability and full control, combining the benefits of a sole proprietorship and a corporate entity.

OPCs must comply with certain statutory obligations such as maintaining books of accounts, filing annual returns and auditing (if applicable), but they enjoy lighter compliance compared to other corporate structures.

Why It Is Needed

OPC is ideal for individual entrepreneurs who want to start a business in their name but also want to benefit from corporate structure, limited liability and formal recognition.

It provides a professional image and makes it easier to access bank loans, contracts and legal protections, without requiring a partner or co-founder.

Benefits and Advantages

Limited Liability

The personal assets of the owner are protected and the liability is limited to the amount invested in the business.

Separate Legal Entity

OPC enjoys its own legal identity, separate from its sole member.

Ease of Management

Single person control allows quicker decision-making and flexibility in operations.

Lesser Compliance

Compared to other company types, OPC has relaxed compliance in terms of meetings and filing.

Eligibility Criteria

Basic Requirements

Only one individual who is an Indian citizen and resident in India (staying in India for at least 120 days during the financial year) can form an OPC.
The individual must appoint a nominee who will take over the company in case of death or incapacity.
An individual cannot incorporate more than one OPC or be a nominee in more than one OPC.
OPC cannot carry out Non-Banking Financial Investment or investment activities.

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Documents Required

For the Sole Owner & Nominee

Email ID

Mobile number

PAN Card

Aadhaar Card

Address proof (Bank Statement, Electricity Bill, etc.)

Passport-size photograph

For the Registered Office

Rent Agreement (if rented)

NOC from the property owner

Utility bill (not older than 2 months)

For the Nominee

Consent in Form INC-3

Identity and address proof

Steps for Getting Registration

Obtain Digital Signature Certificate (DSC)

Obtain DSC for the proposed director.

Reserve Company Name

Reserve Company Name using the SPICe+ Part A form.

File SPICe+ Part B

Submit SPICe+ Part B along with MOA, AOA, AGILE-PRO, Form INC-3 and other required documents.

PAN & TAN Application

PAN & TAN applications are included in the incorporation process.

Receive Certificate of Incorporation

Receive Certificate of Incorporation from the Registrar of Companies.

FAQ

Can a foreign national form an OPC in India?

No, only Indian citizens who are residents in India can form an OPC.

Is it mandatory to appoint a nominee in OPC?

Yes, a nominee must be appointed while incorporating an OPC to take over in case of the owner’s death or incapacity.

Can I convert my OPC into a Private Limited Company?

Yes, OPCs can be voluntarily converted into Private Limited Companies after 2 years or mandatorily if their turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh.

Do OPCs need to hold annual general meetings (AGM)?

No, AGMs are not required for OPCs.

Can OPC have more than one director?

Yes, while only one person can be the member/shareholder, there can be more than one director, but not more than 15.

What taxes are applicable to OPCs?

OPCs are taxed as private companies and are eligible for deductions under Startup India (if applicable).

Is audit mandatory for OPC?

Yes, if the turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh, audit is mandatory.

What is the capital requirement for starting an OPC?

There is no minimum capital requirement for starting an OPC.

Can an OPC raise funding from investors?

OPCs cannot raise equity funding like private or public limited companies but can raise loans or convert into a Private Limited Company for funding.