In India, OPC (One Person Company) registration is ideal for solo entrepreneurs who want to operate a company with limited liability and separate legal identity. OPCs provide the benefit of a private limited structure while allowing a single person to own and manage the company. Registration can be completed online within 7–10 working days at an affordable price starting from ₹9,999.

What is a One Person Company?

OPC is a type of private company that can be formed with only one Director and one Shareholder. Governed by the Companies Act, 2013, OPCs are suitable for individuals who want full control over their business with limited liability protection and minimal compliance.

OPC Registration Process

Step 1: Obtain DSC

The sole Director must obtain a Digital Signature Certificate (DSC) to sign digital forms for the Ministry of Corporate Affairs (MCA).

Step 2: Name Approval

Apply for name approval using the RUN (Reserve Unique Name) form. The name must end with "(OPC) Private Limited".

Step 3: Incorporation Filing

File the SPICe+ form with the MCA, including MOA, AOA, nominee details, and proof of registered office.

Step 4: Issuance of Certificate

If all documents are in order, the MCA will issue the Certificate of Incorporation along with PAN and TAN of the OPC.

Compliances for OPC

Annual Return Filing: Form MGT-7A and AOC-4 must be filed annually.

Income Tax Filing: ITR-6 must be filed each year digitally signed by the Director.

Auditor Appointment: Mandatory within 30 days of incorporation.

Board Meetings: Only 1 board meeting is required every 6 months.

Bank Account for OPC

Post incorporation, a bank current account must be opened in the name of the OPC. Required documents include:

Certificate of Incorporation

PAN of the Company

KYC of the Director

Board Resolution authorizing account opening

Benefits of OPC Registration

Limited Liability Protection

The liability of the owner is limited to their investment in the company. Personal assets are not at risk.

Separate Legal Entity

An OPC is considered a separate legal entity from its owner, capable of owning property and entering contracts.

No Minimum Capital

There is no minimum capital requirement to incorporate an OPC in India.

Perpetual Succession

In case of the death or incapacity of the sole member, the nominee will take over the operations of the company.

Easy to Manage

Fewer compliances compared to private limited companies, ideal for small businesses or professionals.

OPC Registration FAQ's

1. Can OPC have more than one Director?

Yes, an OPC can have more than one Director, but only one Shareholder is allowed.

2. Who is a nominee in OPC?

The nominee is a person designated to take over the company in case of death or incapacity of the sole member.

3. Can NRIs register an OPC?

No. Only Indian citizens and residents are allowed to register an OPC in India.

4. Is audit compulsory for OPC?

Yes. Every OPC must appoint an auditor and get their accounts audited annually.

5. What are the annual compliances?

Annual return filing (MGT-7A), financial statements (AOC-4), income tax return, and audit reports must be filed.

6. What is the validity of OPC registration?

Once registered, the OPC exists perpetually until it is formally closed or converted into another company type.

7. Can OPC be converted to Private Limited Company?

Yes, OPC can voluntarily or mandatorily convert to a private limited company after meeting certain thresholds.