One Person Company Registration
A One Person Company (OPC) is a type of business entity defined under the law in various jurisdictions, including India, where it was introduced through the Companies Act, 2013. According to the Act, a One Person Company is a company that has only one person as its member (shareholder) and, by extension, only one director. This single individual holds all the shares of the company, making them the sole owner of the business. Additionally, the Act mandates the appointment of a nominee who will take over the ownership of the OPC in the event of the original owner’s death or incapacitation.
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Requirements and Eligibility Criteria for One Person Company Registration
- One Director and shareholder
- Only Natural Person and Resident of India
- Registered Office Address proof is mandatory
- Digital Signature Certificate
- Prepare necessary documents & filling with MCA
Documents Required for One Person Company Registration
- Documents of Promoter (PAN, Aadhar, Photo, Bank Statement)
- Office Address Proof (Utility Bill along with NOC)
- Proposed Object
- Declaration by professionals in INC-14
- Nominee’s consent in INC-3
- Director’s declaration in INC-9
- Other Supporting Documents
Frequently Asked Questions
A One Person Company (OPC) is a type of business entity that allows a single individual to own and operate a company with limited liability.
Any Indian citizen residing in India can form an OPC. However, certain individuals, such as minors, foreigners, and persons incapacitated to contract, are not eligible to incorporate an OPC.
An OPC requires only one member (shareholder) and one director. The same person can hold both positions.
The nominee is appointed by the sole member of the OPC and takes over the ownership of the company in case of the member’s death or incapacitation.
No, there is no minimum capital requirement for OPCs. They can be formed with any amount of capital as deemed appropriate by the owner.
Yes, an OPC can be converted into a private limited company if it meets the eligibility criteria and follows the prescribed procedures for conversion.
OPCs are required to comply with the provisions of the Companies Act, 2013, and other applicable laws. They must file annual returns and financial statements with the Registrar of Companies (ROC) and adhere to statutory audit requirements.
No, an OPC cannot issue shares. The ownership of an OPC is restricted to a single individual, and shares cannot be offered to the public.
No, OPCs are not required to hold AGMs. They are exempt from certain corporate governance requirements applicable to larger companies.
No, an OPC can have only one director, who is also the sole owner of the company.
The advantages of forming an OPC include limited liability protection, separate legal entity status, ease of formation and compliance, perpetual succession, and enhanced credibility in the business community.
Yes, it is mandatory for an OPC to use the term “One Person Company” or “OPC” in its name to denote its legal status.
An OPC cannot carry out non-banking financial investment activities, including investment in securities of any body corporate.
Yes, an OPC can be voluntarily converted into any other type of company, such as a private limited company or a public limited company, subject to compliance with the provisions of the Companies Act, 2013.
Advantages of One Person Company

Limited Liability Protection

Single Ownership and Control

Tax Benefits

Legal Recognition

Enhanced Credibility

Ease of Compliance
Registration Process of One Person Company
- Obtain Digital Signature Certificate
- Name Reservation filling with Ministry of Corporate Affairs(MCA)
- Drafting of MOA and AOA
- Preparation of other documents & filling with MCA after payment of necessary fees
- Verification and Approval from Ministry end
- Issue of Certificate of Incorporation
- Post incorporation formalities
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