What is One Person Company Registration?
One Person Company (OPC) is a unique business structure introduced by the Companies Act 2013 that allows a single individual to incorporate a company — combining the benefits of a sole proprietorship with the advantages of a private limited company.
An OPC enjoys limited liability protection, separate legal entity status, and perpetual succession — all with just one person. This makes it ideal for solo entrepreneurs, freelancers, and professionals who want corporate credibility.
PrimeWealth Advisory provides end-to-end OPC registration assistance, from documentation to obtaining your Certificate of Incorporation.
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Overview Image
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Key Benefits
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Single person can own and manage the entire company
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Limited liability — personal assets protected from business debts
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Separate legal identity from the owner
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Easy access to bank loans and credit facilities
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Better credibility with clients and vendors
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Can be converted to Private Limited Company as business grows
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Continuity of business through nominee director
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Tax benefits available under the Income Tax Act
Eligibility Criteria
- Only one director and one shareholder (same person allowed)
- Only Indian citizens and residents can incorporate an OPC
- Minimum age of director: 18 years
- One person can only be a member of one OPC at a time
- Annual turnover must not exceed ₹2 crore (otherwise convert to Pvt. Ltd.)
- Must appoint a nominee who will manage OPC if the sole member dies or becomes incapacitated
Documents Required
PAN Card of the director
Aadhaar Card of the director
PAN Card of nominee
Aadhaar Card of nominee
Latest bank statement (2 months)
Passport size photograph
Proof of registered office address
Electricity bill / NOC of property
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Process / Team Image
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Step-by-Step Process
01
Obtain DSC
Digital Signature Certificate for the sole director obtained online.
02
Apply for DIN
Director Identification Number applied via SPICe+ form.
03
Name Reservation
Unique company name reserved through the RUN facility on MCA portal.
04
Draft MoA & AoA
Memorandum and Articles of Association prepared for the OPC.
05
File SPICe+ Form
SPICe+ form filed with all required attachments on the MCA portal.
06
Certificate of Incorporation
CoI issued with CIN, PAN, TAN — your OPC is officially registered.
Frequently Asked Questions
Who can form an OPC?
Only a natural person who is an Indian citizen and resident in India can form an OPC.
Is a nominee required?
Yes, every OPC must have a nominee. The nominee takes over as the member if the sole member becomes unable to manage.
Can an OPC be converted to Private Limited?
Yes. Once turnover exceeds ₹2 crore or paid-up share capital exceeds ₹50 lakh, it must be converted to Pvt. Ltd.
Can I have employees in an OPC?
Yes, an OPC can hire employees. The sole director restriction applies only to ownership.
What is the annual compliance requirement?
Annual return, financial statements, and at least 2 board meetings per year (if only one director, just minutes required).
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