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One Person Company Registration

India’s No #1 Company for One Person Company Registration Package Starts at Just ₹9,999 (All Inclusive) What is a One Person Company (OPC)?

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A One Person Company (OPC) is a company that has only one person as its member. Unlike the Companies Act 1956, which required a minimum of two members to form a private or public limited company, the Companies Act 2013 introduced the concept of OPC to support solo entrepreneurs.

This legal structure allows an individual to enjoy the benefits of a corporate entity while retaining full control. OPCs provide limited liability protection, making them a better alternative to sole proprietorships.

What is OPC Registration?

OPC registration is the legal process of incorporating a company with a single member. Unlike sole proprietorships, OPCs have a separate legal identity and limited liability, reducing personal risk. The registration process involves obtaining a Director Identification Number (DIN), securing a company name, and filing incorporation documents with the Ministry of Corporate Affairs (MCA).

Government Cost for OPC Registration

  • Nominal share capital exceeding ₹10,00,000: ₹2,000 + ₹200 per ₹10,000 above ₹10,00,000 up to ₹50,00,000.
  • OPC registration typically takes 20-30 days.
  • Upon successful registration, a Certificate of Incorporation is issued.

Minimum Requirements for OPC Registration

  1. Minimum 1 shareholder
  2. Minimum 1 director (director and shareholder can be the same person)
  3. Minimum 1 nominee
  4. Shareholder/nominee must be an Indian resident
  5. Minimum authorized share capital: ₹1 lakh
  6. Digital Signature Certificate (DSC) for the director
  7. Director Identification Number (DIN)

Nomination in One Person Company

  • The OPC’s Memorandum of Association (MOA) must include a nominee’s name, who will take over in case of the owner’s incapacity or death.
  • The nominee must be a natural person, an Indian citizen, and not a minor.
  • The nominee can withdraw by giving written notice, and a new nominee must be appointed within 15 days.

Advantages of OPC Registration

  • Single ownership with limited liability
  • Separate legal entity
  • Fewer compliance requirements than a private limited company
  • No requirement for board meetings and annual general meetings
  • Easy to incorporate and maintain
  • Better credibility than a sole proprietorship

OPC Taxation and Compliance

  • OPCs are taxed at 30% of total income.
  • Annual compliance includes:
    • Form AOC-4 (Financial Statements)
    • MGT-7 (Annual Return)
    • At least two board meetings per year

Documents Required for OPC Registration

  • Identity Proof: PAN Card/Passport/Voter ID/Driver’s License
  • Address Proof: Bank statement/electricity bill/phone bill
  • Passport-size photograph of the director
  • Specimen signature of the director
  • NOC for the registered office
  • Rental Agreement/Sale Deed of the office space

OPC Registration Process

  1. Obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC).
  2. Apply for name approval through the MCA’s RUN (Reserve Unique Name) service.
  3. Get nominee’s consent using Form INC-3.
  4. File incorporation forms with MOA, Articles of Association (AOA), and required documents.
  5. Receive the Certificate of Incorporation from the Registrar of Companies (ROC).
  6. Apply for a PAN number and open a current bank account for the OPC.
One Person Company Registration

Here’s a structured table for OPC (One Person Company) Registration Fees & Package:

Fee Type Cost (INR, All Inclusive) Details
MyOnlineCA OPC Package ₹9,999 Complete registration service for One Person Company

Package Includes:

✅ 1 Director’s DIN + DSC
✅ Company Name Approval
✅ MOA & AOA Drafting & Printing
✅ Certificate of Incorporation + PAN & TAN

    Frequently Asked Questions (FAQs)

    1. Can an NRI start an OPC?
      • No, only Indian citizens residing in India can start an OPC.
    2. Is OPC cheaper than a private limited company?
      • Yes, OPCs have lower registration fees and fewer compliance requirements.
    3. Can an OPC be converted into a private or public company?
      • Yes, if the paid-up share capital exceeds ₹50 lakhs or the annual turnover surpasses ₹2 crores.
    4. Is it mandatory to nominate a person during incorporation?
      • Yes, a nominee must be mentioned in the MOA.
    5. Can an OPC carry out NBFC activities?
      • No, OPCs cannot engage in Non-Banking Financial Investment activities.

    Conclusion

    OPC registration is an excellent option for solo entrepreneurs looking to establish a legally recognized business entity with limited liability protection. It provides greater credibility, financial security, and market opportunities compared to a sole proprietorship.

    For hassle-free OPC registration, get started today!

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