Overview
What is a One Person Company (OPC)?
A One Person Company (OPC) is a special type of Private Limited Company that can be formed by just one person as both the sole director and sole shareholder. Introduced under the Companies Act, 2013, OPC was created to bring solo entrepreneurs under the formal corporate structure while giving them the benefits of limited liability.
Unlike a Proprietorship where the owner has unlimited personal liability, an OPC provides a clear separation between personal and business assets. The owner must nominate a nominee who will take over in case of the owner's death or incapacity.
OPC vs Proprietorship: Both have one owner, but OPC gives you limited liability, a separate legal identity, and more credibility with banks and clients — making it ideal for growing businesses and freelancers targeting corporate clients.
Benefits
Why Choose OPC Registration?
Limited Liability Protection
Personal assets are protected from business liabilities. Company debts don't become personal debts.
Single Owner Control
Complete control over business decisions — no need to consult partners or shareholders.
Separate Legal Entity
OPC has its own PAN, bank account, and legal identity — separate from the owner.
Easy to Convert
OPC can be easily converted to a Private Limited Company as business grows and more investors join.
Better Credibility
Corporate clients, large companies and banks trust OPCs more than proprietorships for contracts.
No Partner Needed
Unlike LLP or Private Limited, OPC requires only ONE person — no need to find a co-founder.
Documents Required
Documents Needed
PAN Card of Director
Aadhaar Card of Director
Passport Photo of Director
PAN & Aadhaar of Nominee
Registered Office Address Proof
Electricity / Rent Bill (Office)
Proposed Company Name (2 options)
Business Activity Description
Process
OPC Registration Process
1
DSC & DIN Application
We apply for Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the director.
2
Company Name Approval
We file RUN (Reserve Unique Name) application on MCA portal. Name approved in 1–2 working days.
3
MOA & AOA Preparation
We draft the Memorandum of Association (MOA) and Articles of Association (AOA) as per your business activity.
4
SPICe+ Form Filing
We file the integrated SPICe+ form on MCA portal covering incorporation, PAN, TAN, GST, EPFO and ESIC simultaneously.
5
Certificate of Incorporation
Receive your Certificate of Incorporation, PAN and TAN on email within 10–15 working days. Company is officially registered!
FAQs
Frequently Asked Questions
Who can form a One Person Company in India?
Only a natural person who is an Indian citizen and resident in India can form an OPC. NRIs are not allowed to form an OPC. The person must not have been a member of another OPC simultaneously.
What is a Nominee in OPC and why is it required?
Every OPC must appoint a Nominee — a person who will become the member of the OPC in case the sole member dies or becomes incapacitated. The nominee must give written consent. The nominee can be any Indian citizen — a family member, friend, or colleague.
Is OPC required to hold Annual General Meetings?
No, OPC is exempt from holding Annual General Meetings (AGMs). However, annual ROC filings like financial statements and annual return must still be filed with the Ministry of Corporate Affairs (MCA).
When is OPC mandatorily converted to Private Limited Company?
An OPC must be converted to a Private Limited Company if its paid-up capital exceeds ₹50 lakhs or its average annual turnover exceeds ₹2 crores in 3 consecutive years. The conversion can also be done voluntarily at any time.
What are the annual compliance requirements for OPC?
OPC must file annual financial statements (AOC-4) and annual return (MGT-7A) with MCA. It must also file income tax return. GST return filing is required if GST registered. My Insta Biz offers OPC annual compliance packages to handle all these filings.
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