Step-by-Step Guide
One Person Company Registration
A One Person Company is a private limited company that can only have one member and one director at a time. β’ Members and nominees must be natural people, Indian citizens, and residents of India.
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INTRODUCTION
What is One Person Company?
We must first examine the identity that a one person firm generates in order to comprehend its definition. A registration gives the directors and members company status along with several advantages. A private business must have a minimum of two members, however this is not the case for an OPC. The Companies Act of 2013 introduced this type of business structure in order to do away with this disadvantage and enable one person to benefit from One Person Companies. Online filing and processing streamlines the registration process for one person companies.
A one-person firm has a single shareholder who holds a 100% ownership position in the business. In order to preserve the perpetual character, the nominee must be appointed. This person will function as the owner’s substitute in the event of the owner’s demise or incapacity. One kind of Private Limited firm is a one-person firm.
ADAVANTAGES
A One Person Company Why Should You Register One?
Differentiated Legal Status
The status of a one-person business would be acquired by it. In contrast to a proprietorship firm, such an OPC registration guarantees that the entity is independent of the owner. OPC has the authority to sign contracts with the parties and to possess the assets in its own name. The proprietor has no influence over the company's decisions. The primary advantage of registering with OPC is this.
Reduced Obligations for Compliance
Unlike a private corporation, a one person firm benefits from exemptions from numerous regulatory requirements. OPC is exempt from compliance requirements such as hosting board and general meetings, among others. Nonetheless, if there are multiple directors on the board, a board meeting is required.
Owners' Limited Liability
One advantage of registering OPC is that it creates a distinct legal entity for the firm, shielding the obligations and liabilities from the sole member's personal assets. A member's responsibility is capped to the amount of capital they have not yet paid. The member's personal assets are safeguarded even in the event of liquidation, with a few exceptions.
Division of Ownership and Management
Due to the obligation to manage and administer a business, the owner of an OPC may designate a director even if they are the only ones who own it. The director(s) are in charge of operations, while the member can make money by directing their efforts toward other ventures. But in a One Person Company, all stakeholder control is entirely within the shareholder's hands.
A LIST OF DOCUMENTS
Documents Required for Online Registration of a One Person Company (OPC)
To register a One Person Company (OPC) in India, the following documents are required from the director, nominee, and shareholder:
1. PAN Card
Copy of the PAN card of the Director, Nominee, and Shareholder is mandatory.
2. Identity Proof
Any one of the following for the Director, Nominee, and Shareholder:
Aadhaar Card
Voter ID
Passport
Driving License
3. Address Proof
Recent documents (not older than 2 months) such as:
Bank Statement
Electricity Bill
Telephone Bill
for the Director, Nominee, and Shareholder.
4. Passport-size Photograph
Recent passport-sized photographs of the Director, Nominee, and Shareholder.
5. Proof of Registered Office Address
Submit any one of the following (not older than 2 months):
Latest Electricity Bill
Latest Telephone Bill
6. No Objection Certificate (NOC)
A signed NOC from the property owner of the registered office premises.
7. Rent Agreement
If the registered office is rented, a copy of the Rent Agreement must be submitted.
Name structure of an One Person Company
Special Name
As it establishes the firm identity, One Person firm names ought to be distinctive, ideally created words.
Business Item
The OPC name format shall have the second part of name suggesting the business activity of the company.
Type of Constitution
The last part of the company's name must be "(OPC) Private Limited."
β ACTIVE REGISTRATION ONLINE
Register Your One Person Company (OPC) Quickly & Easily
πΉ Step 1: Respond to Quick Questions
Choose the OPC registration package that suits your needs
Complete our simple questionnaire (takes less than 10 minutes)
Upload required documents
Make payment through a secure gateway
πΉ Step 2: Relax β Our Experts Handle Everything
A dedicated Relationship Manager will be assigned to guide you
Acquire Digital Signature Certificate (DSC)
Apply for OPC Name Reservation via SPICe
Draft and prepare legal documents like MoA and AoA
File for the Certificate of Incorporation
Apply for PAN and TAN
πΉ Step 3: You’re Officially Registered!
The entire OPC registration process is completed in 11β15 working days*
You receive your Certificate of Incorporation and all legal documents
β³ THE OPC REGISTRATION PROCESS β TIMELINE
π Days 1 β 3
Verification of submitted documents
Apply for Digital Signature Certificate (DSC)
π Days 4 β 7
Check OPC name availability
Draft the Memorandum of Association (MoA) & Articles of Association (AoA)
π Days 8 β 10
Apply for name reservation using SPICe+
File the incorporation application
Apply for Director Identification Number (DIN)
Submit application for PAN & TAN
π Days 10 β 12
Government verification & processing time
Frequently Asked Questions
Have questions before reaching out? Here are quick answers to some of the most common queries we receive about contacting us, consultations, and service inquiries.
A One Person Company is a type of private limited company that can be formed with just one director and one shareholder. It offers the benefits of limited liability and separate legal identity while being easy to manage.
Only a natural person who is an Indian citizen and resident in India can register an OPC. That person can act as both the director and shareholder of the company.
Yes, appointing a nominee is mandatory. In the event of the original memberβs death or incapacity, the nominee will take over the affairs of the OPC.
It typically takes 7β10 working days, subject to document verification and government approval timelines.
Yes, an OPC can be voluntarily converted into a Private Limited Company after two years of incorporation or mandatorily if it crosses the prescribed turnover (βΉ2 crore) or paid-up capital limit (βΉ50 lakh).
- A director identification number is a special number that is given to individuals upon application by the Ministry of Corporate Affairs. This makes it possible for anybody to serve as a designated partner in an LLP or a director in any company.