Start Your Journey
Start Your OPC with Simplicity and Legal Safety
Launch your one-person business with the benefits of limited liability and legal recognition under the Companies Act, 2013 — with Lawfinity’s professional support.
Expert Support
Fast Service
Please Fill The Form
Know More About ONE PERSON COMPANY (OPC) REGISTRATION
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.
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.
Timelines
The registration of a One Person Company typically takes 10 to 15 working days, depending on document verification and MCA approvals.
Our services include guidance, documentation support, and application facilitation. It is important to note that we are not a government department, not a government-run website, and not affiliated with any government authority in any capacity. The role of lawfinity.in is purely that of a professional consultant.
Fee
Frequently Asked Questions
Because every great business starts with the right answers.
No, only Indian citizens who are residents in India can form an OPC.
Yes, a nominee must be appointed while incorporating an OPC to take over in case of the owner’s death or incapacity.
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.
No, AGMs are not required for OPCs.
Yes, while only one person can be the member/shareholder, there can be more than one director, but not more than 15.
OPCs are taxed as private companies and are eligible for deductions under Startup India (if applicable).
Yes, if the turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh, audit is mandatory.
There is no minimum capital requirement for starting an OPC.
OPCs cannot raise equity funding like private or public limited companies but can raise loans or convert into a Private Limited Company for funding.
Voices of Success
Hear from those who have thrived with us and discover how businesses have transformed and grown with our expert guidance and support.
Anil Yadav
Shaperz India Grain Private Limited
“From FSSAI to Trade License, Lawfinity handled all our approvals efficiently. One-stop solution for all licensing needs.”
Subscribe to Our Newsletter
Stay updated with the latest trends in legal compliance — delivered straight to your inbox.