How much time is needed for setting up a One Person Company (OPC) in India?

On average it takes 7-12 days for completion of registration, 2 different approvals (Name Approval & Final Approval) are required from government bodies. However, this is dependent on the workload of the Central Registration Centre (CRC), MCA.

Who can be a member of a One Person Company (OPC)?

Only a natural person can be a member or director in OPC. However, such a person must be 18+ above in terms of age and should have a valid PAN card.

Can a minor person become a director or shareholder or nominee of a One Person Company (OPC)?

No, a minor cannot become a director or shareholder or nominee in a one person company. However, minor can become a member/shareholder of a company through gift and/or inheritance but he cannot buy shares.

Can directors and shareholders be the same person in the One Person Company (OPC)?

Yes, directors and shareholders can be the same person in a company. But if you want to have separation in ownership and management then you can appoint a different individual as shareholder and director.

Can I register a One Person Company (OPC) on my home or residential address?

Yes, you can register the company at their residential address. You need to submit the utility bill copy of your home address along with the No Objection Certificate from the owner of the premises.

One Person Company Registration in India

Q: I am already a shareholder/member of OPC can I incorporate another OPC and be a shareholder/member?

No, a person can incorporate and be a shareholder/member in one OPC only. If a person wants to start another venture he can incorporate a private limited company, LLP or other form of organisation.

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OPC Registration Fees

The fees for OPC Registration start at ₹8499. Explore our Packages

Basic

₹8,499Excluding Govt. Fees & GST

Suitable for Startups
Name Approval
DSC for 1 Director
DSC for 1 Nominee
DIN for 1 Director
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN
MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
1 Brand Name Search Report
Post Incorporation Consultancy*
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala

Standard

₹14,999Excluding Govt. Fees & GST

Suitable for Businesses
Name Approval
DSC & DIN for 1 Director
DSC for 1 Nominee
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN , MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala
Commencement of Business
MSME Registration
1 Trademark Search & Application
GST Registration

Premium

₹30,999Excluding Govt. Fees & GST

Suitable for Corporates
Name Approval
DSC & DIN for 1 Director
DSC for 1 Nominee
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN , MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala
Commencement of Business
MSME Registration
1 Trademark Search & Application
Annual Compliances*

Basic

₹8,499

Excluding Govt. Fees & GST

Suitable for Startups
Name Approval
DSC for 1 Director
DSC for 1 Nominee
DIN for 1 Director
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN
MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
1 Brand Name Search Report
Post Incorporation Consultancy*
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala

Standard

₹14,999

Excluding Govt. Fees & GST

Suitable for Businesses
Name Approval
DSC & DIN for 1 Director
DSC for 1 Nominee
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN , MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala
Commencement of Business
MSME Registration
1 Trademark Search & Application
GST Registration

Premium

₹30,999

Excluding Govt. Fees & GST

Suitable for Corporates
Name Approval
DSC & DIN for 1 Director
DSC for 1 Nominee
Stamp Duty Charges
Certificate of Incorporation
PAN & TAN , MOA & AOA
Bank Account Opening Resolution
1 Share Certificate
ESIC & PF Registration*
1st Appointment of Auditor
E-Book post Formation Compliances
3 Internship/Job Posting on Internshala
Commencement of Business
MSME Registration
1 Trademark Search & Application
Annual Compliances*

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Introduction

Features of OPC

Advantages of OPC

Requirements

Package

Procedure

Documents

Faq

One Person Company Registration in India

The constitution of a One Person Company (OPC) was recently introduced as a strong improvement over a sole proprietorship. The sole person shall be the only shareholder in the Company. The Companies Act, of 2013 provides for a new type of entity in the form of One Person Company (OPC), the introduction of OPC in the legal system is a move that would encourage the corporatization of micro-businesses and entrepreneurship. Its compliance is lesser than that of a Private Limited Company

However, only a natural person who is a citizen of India shall be eligible to act as a member and nominee of an OPC, and such member and nominee cannot open or be a part of any second or subsequent OPC.

Before the enforcement of the Companies Act, 2013, a single person could not establish a company. If an individual wanted to establish his business, he/she could opt only for a sole proprietorship as there had to be a minimum of two directors and two members to establish a company.

But, now the concept of One Person Company would provide tremendous opportunities for small businessmen and traders, including those working in areas like handloom, handicrafts, and pottery.

Earlier they were working as artisans and weavers on their own, so they did not have a legal entity of a company. But now an OPC form of organization would help them do business as an enterprise and give them an opportunity to start their own ventures with a formal business structure.

Features of One Person Company Registration in India

Only natural person to be a member of OPC

In OPC, only a natural person can be a member, director, or nominee. It means that, unlike a private limited company, OPC cannot have the Company as a shareholder or investor. An NRI can also become a member and nominee in OPC w.e.f. 01.04.2021

One Member One OPC

A natural person shall not be a member of more than one OPC and no person shall be allowed to be a nominee of more than one OPC at any point in time. This is to safeguard the intention behind this concept for small entrepreneurs.

The naming of One Person Company (OPC)

The words “OPC” shall be mentioned in brackets and shall be added to the suffix Private Limited along with the name of such company, wherever its name is printed, affixed, or engraved. For E.g., ABCD Services (OPC) Private Limited.

No Limitation of Turnover and Paid-up capital for Conversion

Earlier there was a threshold limit of paid-up capital (Rs. 50 lacks) and Turnover (Rs. 2 crores) beyond which OPCs were required to compulsorily convert into Private Limited Companies. But w.e.f. 01.04.2021, such limitation has been removed and now OPC can continue to run the business without any restriction of compulsory conversion.

Conversion of One Person Company (OPC) into other forms of Company

A One Person Company (OPC) can be converted into a Private Limited or Public Ltd Company, after increasing the minimum number of members and directors. However, OPC cannot be converted into a Section 8 Company.

Prohibition to carrying out Non-Banking Financial Investment activities

A One Person Company (OPC) cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates.

Advantages Of One Person Company Registration in India

Ideal for Solo Entrepreneurs
OPC is a big improvement over the sole proprietorship firm as it is a registered form of business, has perpetual succession, and limited liability. Therefore, OPC is meant for solo entrepreneurs
Separate legal entity
OPC is a registered company known as a separate artificial person in the eyes of the law, and the liability of members/shareholders is limited to the unpaid amount of share capital. It means that if a company faces loss under any circumstances, then its member/shareholder is not liable to sell his own assets for payment. Thus, the personal, individual assets of the shareholder are not at risk.
Less Compliance Burden
There are several exemptions and benefits provided to One Person Company in respect of Compliance. A few of the exemptions are enlisted below:
- OPC is not required to hold an annual general meeting and prepare a report thereof
- OPC may hold only 2 board meetings in a calendar year, i.e. one Board Meeting in each half of the calendar year with a minimum gap of 90 days between the two meetings.
- The financial statement and Board’s report can be signed only by one director.
- The financial statement of One Person Company (OPC) may not include the cash flow statement
- The annual return shall be signed by the company secretary, or where there is no company secretary, by the director of the company. In other words, it need not be signed by a company secretary in practice.
- It is not required to appoint Independent directors to its Board.
- If there is only one Director on the Board of OPC then SS-1 is not applicable on it. SS-2 is also not applicable on OPC.
Easy to register, manage & run
One Person Company is registered just like Private Limited Companies i.e., completely online with less paperwork. The process of registration can be completed within 7-12 working days. Also, it gives the individual entrepreneurs the privilege of limited liability and perpetual succession.
No minimum capital required
There is no minimum requirement of capital for one person company. Therefore, a company can be formed even with minimum capital (Ex. Rs. 1000)
Appointment of Nominee
In One Person Company, the sole member needs to appoint someone as a nominee member, who will take over the ownership and management of OPC in case of the inability or death of the sole member. This unique feature is available only in OPC unlike sole proprietorship firm, which gives sole member the power to appoint any person as nominee with his consent, which shall avoid any dispute with regard to ownership after the sole member’s death or inability.

Minimum Requirements of One Person Company Registration in India

Minimum 1 Directors/Shareholders
Minimum capital of 1 Rupees
Nominee for OPC
DIN & DSC’s for Director/Shareholder

What Is Included In Our One Person Company Registration in India

Company name search and approval
Digital Signature Certificate (DSC) for 1 Director/Shareholder
Director Identification Number (DIN) for 1 Directors
Certificate of Incorporation/Registration
Company PAN and TAN
Memorandum of Association (MOA) and Articles of Association (AOA)
Supporting Document for opening Bank Account
Employees State Insurance Corporation Registration (ESIC) and Employees Provident Fund Registration (EPFO)
Professional Tax Registration (For Companies registered in the state of Maharashtra and Karnataka only)
Company Master File Kit

One Person Company Registration Process

Application for Name Approval
The applicant has to provide 2 different names and main objects for the proposed company which shall be submitted to MCA for approval, out of which one name will be approved. Names should ideally be unique and suggestive of company business and should include the word “(OPC) Private Limited” as the suffix.
Application for Digital Signature Certificate (DSC)
Once the name is applied, we shall apply the Digital Signature Certificate (DSC) of shareholders/directors for digitally signing the forms. If the director/shareholder already has DSC, then this step can be skipped.
Final Submission of SPICE+ forms along with MOA and AOA
After the name is approved and DSC is generated, we need to prepare and submit an incorporation application in SPICE+ forms along with a Memorandum of Association (MOA), Articles of Association (AOA), and AGILE form for final approval
Get incorporation certificate, PAN, and TAN
It typically takes 3-5 days after final submission to get the incorporation certificate. Incorporation certification is a proof that the company has been registered. PAN, TAN, ESIC, EPFO, and Professional Tax registration certificates will also be received simultaneously.
Opening of Bank Account
You can submit the Incorporation certificate, MOA, AOA, PAN, TAN, and other required documents to the bank to open your current account and start the business operations

Documents Required for One Person Company Registration in India

List of documents to be submitted by the Director/Shareholder –
Following are the documents that are required to be submitted by all the proposed directors and shareholders of the company. All documents submitted should be valid and readable.
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned copy of Aadhaar Card/Voters ID/Passport/Driving License
- Scanned copy of the Latest Bank Statement/Telephone Bill/Post-paid Mobile Bill/Electricity Bill (The address proof shall be recent and not older than 2 months)
- Scanned passport-sized photograph
In the case of foreign nationals or NRI Directors and Shareholders, the documents list can be checked here.
Document Checklist for Foreign Nationals or NRI Director and Shareholders
List of documents to be submitted by Nominee –
Following are the documents that are required to be submitted by all the proposed directors and shareholders of the company. All documents submitted should be valid and readable.
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned copy of Aadhaar Card/Voters ID/Passport/Driving License
- Scanned copy of Latest Bank Statement/Telephone Bill/Post-paid Mobile Bill/Electricity Bill (The address proof shall be recent and not older than 2 months)
Registered Office Proof
One Person Company should have a registered office place in India. The office address can be residential or commercial premises. The address proof shall be recent and not older than 2 months. Following is the list of documents to be submitted as Registered Office Address Proof –
- Scanned copies of utility bills such as Electricity bills/Mobile Post-paid bills/Landline Post-paid bills/Gas bills/Water bills
- Scanned copy of a No-objection Certificate from the property owner or whose name appears on such utility bill

FAQ for One Person Company Registration in India

Can I change the nominee of my One Person Company (OPC) after incorporation?Chandan Todi2021-08-31T10:49:01+05:30

Can I change the nominee of my One Person Company (OPC) after incorporation?

Yes, you can change the nominee of OPC anytime after incorporation by filing form E-form INC-4 and following the respective procedure as per law.

Can a salaried person or a person in employment become director of a One Person Company (OPC)?Chandan Todi2021-08-31T10:46:44+05:30

Can a salaried person or a person in employment become director of a One Person Company (OPC)?

Yes, a salaried person or person in employment can become director of a private limited, LLP, or OPC. However, one needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company. However, if there’s a restriction in becoming a director of a company, one can hold shares in a company and become a shareholder alternatively.

Can I have more than 1 Director in One Person Company (OPC)?Chandan Todi2021-08-31T10:44:06+05:30

Can I have more than 1 Director in One Person Company (OPC)?

Yes, you can have more than 1 director and up to 15 directors in One Person Company (OPC)

Can I have more than 1 member/shareholder in One Person Company (OPC)?Chandan Todi2021-08-31T10:42:48+05:30

Can I have more than 1 member/shareholder in One Person Company (OPC)?

No, as the name suggest you can have only one member/shareholder in One Person Company (OPC).

I am already a nominee of an OPC can I incorporate another OPC and be a shareholder/member?Chandan Todi2022-06-07T15:30:18+05:30

I am already a nominee of an OPC can I incorporate another OPC and be a shareholder/member?

No, a person can incorporate and be a nominee in one OPC only. If a person wants to start another venture he can incorporate a private limited company, LLP or other form of organisation.

Is it required to have a company’s books audited?Chandan Todi2021-08-30T20:57:27+05:30

Is it required to have a company’s books audited?

Yes, a private limited company should get its book audited and file the same with the Registrar of Companies (ROC) every year

Can I do One Person Company (OPC) registration myself?Chandan Todi2021-08-30T20:31:33+05:30

Can I do One Person Company (OPC) registration myself?

No, you have to take help from a Professional CS/CA/CMA/Advocate/Consulting Firm for registration of the company as it will require certification from these professional.

What are the Authorised capital and paid-up capital of the One Person Company (OPC)?Chandan Todi2021-08-30T20:27:47+05:30

What are the Authorised capital and paid-up capital of the One Person Company (OPC)?

The authorised capital is the maximum limit of capital that a company may raise through the issue of shares to the shareholders. On the other hand, paid-up capital is the amount that is actually paid and subscribed by the shareholders of the company. The Paid-up capital of a company cannot exceed authorise capital of a company. Stamp duty is paid on the authorised capital of a company.

Is GST mandatory for One Person Company (OPC)?Chandan Todi2021-08-30T20:25:12+05:30

Is GST mandatory for One Person Company (OPC)?

GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services. So, every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or any other conditions as specified under GST Laws.

Is there any renewal process or charge for a One Person Company (OPC)?Chandan Todi2021-08-30T20:16:54+05:30

Is there any renewal process or charge for a One Person Company (OPC)?

No, there is no renewal of a one person company, once it’s registered it will be valid for a lifetime. However, you have to do mandatory compliance every year.

Can I change the registered office address of the One Person Company (OPC) later on?Chandan Todi2021-08-30T20:15:17+05:30

Can I change the registered office address of the One Person Company (OPC) later on?

Yes, you can change the registered office address of the company after the company is registered, by following the prescribed procedure as per law.

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