One Person Company
Registration
One Person Company means a company which has only one member. It shall also be important to note that Section 3 classifies OPC as a Private Company for all legal purposes with only one member.
All About One Person Company
One Person Company (OPC) registration is a forward-thinking concept that promotes the incorporation of micro-businesses and persons with entrepreneurial dreams but no time, resources or means to get more partners to execute the business plan. It can be considered a combo of Sole proprietorship business model and the normal company legal entity business model, where the OPC company would enjoy the best of two worlds.
Under OPC, a single person can form a company under Companies Act 2013 and the rules thereto. The primary reason for choosing OPC registration is that the given person has a business idea represented in a corporate format and the idea can be carried out by the same person with limited resources.
By incorporation of OPC, the company can enjoy benefits in banking, access to loans, credits and the benefits of limited liability.
Benefits of One Person Company Registration
Advantages OPC offers over sole proprietorship and other forms
Limited Liability
Personal assets of the member are protected from business liabilities.
Continuity of Existence
Company exists in succession just like any corporate entity in law.
Fundraising
OPC can attract funding similar to private limited companies from investors and banks.
Less Burden
Lesser legal complexity compared to other company structures.
Quicker Actions
Decision-making is faster as only one person is taking key actions.
Compliance Burden
OPCs are provided with certain exemptions and lesser compliance in comparison to other company types.
Procedure to register a One Person Company
Steps you need to follow to incorporate an OPC
Name Approval
Apply proposed name to Ministry of Corporate Affairs (RUN/LLP name reservation). Up to 2 names can be proposed.
Digital Signature
DSC required for signing incorporation forms for the proposed director.
SPICe+ form application
Submit SPICe+ / incorporation form along with required documents to MCA.
Nominee Consent Form
Nominee must be appointed who will become member/shareholder in case of subscriber’s death or incapacity.
Company Incorporation
Company incorporated and certificate issued. PAN/TAN/GST can be applied post incorporation.
Company current account
We can connect you with relationship managers to open a current account after incorporation.
Documents Required for Registration of One Person Company
Prepare these documents before starting your OPC application
Proof of Identity
Aadhaar, Passport, Voter ID or Driving License of the member.
Proof of Residence
Utility bill, bank statement or rent agreement.
Proof of Registered Office
NOC / Rent agreement / Utility bill of office.
INC-3 Nominee Consent Form
Signed nominee consent as required for OPC incorporation.
Declaration by Subscribers & Directors
Declarations and consents from the proposed subscriber and director.
Other Required Information
Business proof, incorporation details and additional declarations if required.
Additional Information
All documents should be self-attested and declarations will be prepared by our experts. INC-3 nominee form and subscriber declarations are essential for OPC registration.
Ready to Register Your One Person Company?
Start your OPC with end-to-end assistance — documentation, filing and compliance handled by our experts.