One Person Company Registration

One Person Company (OPC) Registration

A One Person Company (OPC) allows a single entrepreneur to enjoy the benefits of a corporate structure with limited liability protection. Introduced under the Companies Act, 2013, OPC bridges the gap between a sole proprietorship and a private limited company, offering the best of both worlds.

About One Person Company

An OPC is a company with only one member (shareholder) who also acts as the sole director. A nominee must be appointed at the time of incorporation to take over in case of the member's death or incapacity. If turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakhs, the OPC must convert to a Private Limited Company.

Key Benefits

• Single owner with limited liability — personal assets protected from business debts.
• Separate legal entity — distinct and independent from the owner.
• Easier access to bank loans and credit compared to proprietorship.
• Reduced compliance burden compared to a Private Limited Company.
• 100% ownership and full decision-making control.
• Eligible for startup ecosystem benefits and MSME registration.

Eligibility

• Only Indian citizens and residents (resident in India for at least 120 days) can form an OPC.
• A nominee must be an Indian citizen and resident — must provide written consent.
• One person can incorporate only one OPC at a time.
• Turnover limit: ₹2 crore (must convert to Pvt Ltd if exceeded).

Documents Required

• PAN Card and Aadhaar Card of the owner/member.
• Passport-size photograph of the owner.
• Proof of registered office address (rent agreement + utility bill or NOC).
• Nominee's PAN Card, Aadhaar Card, and written consent in Form INC-3.
• Memorandum of Association (MoA) and Articles of Association (AoA).

Registration Process

1. Obtain Class 3 Digital Signature Certificate (DSC).
2. Apply for Director Identification Number (DIN) via SPICe+ form.
3. Reserve company name via RUN (Reserve Unique Name) form on MCA portal.
4. File SPICe+ incorporation form with MoA, AoA, and all required documents.
5. Receive Certificate of Incorporation, PAN, and TAN from MCA.
6. Open a bank account in the company's name.

Timeline

Approximately 7–10 working days.

Why Choose Tax Precision?

• Expert guidance on OPC vs. proprietorship vs. Pvt Ltd trade-offs.
• End-to-end registration with complete documentation support.
• Nominee consent documentation handled professionally.
• Post-incorporation compliance and annual filing support.
• Advisory on OPC-to-Pvt Ltd conversion planning.