One Person Company (OPC) is a company incorporated by a single person.It is effectively a company that has only one shareholder as its member and companies are generally created when there is only one founder/promoter for the business. OPC was introduced in the Company’s Act 2013, before that a single person could not form a company therefore an individual could opt only for a sole proprietorship as you need at least a minimum of two directors and two members to establish a company.

Usually small businesses go for OPC as it is best suited for them. There are less compliances and it is very easy to incorporate.

• A separate legal entity status from the member.
• Easy to obtain as funds Banks and the Financial Institutions prefer to grant loans to a company than to a proprietorship firm.
• It is easy to incorporate as compared to the other forms of company as only one member and one nominee is required for its incorporation.
• Can be incorporated with the authorised capital of Rs. 1 Lakh.
• OPC has the feature of perpetual succession i.e upon the member’s death, the nominee will run the company in the member’s place.
• There are Less compliances compared to other forms of companies.
• Easy and smooth management as there is a single person taking majorly all the decisions.

• Limited Liability – Owner's liability is limited to the capital invested.
• No Minimum Capital – No mandatory minimum capital required.
• Easy Incorporation – Simple online process, completed within 15-20 days.
• Greater Credibility – More trusted by banks and investors than sole proprietorship.
• Fewer Compliances – Lesser legal and regulatory requirements.
• Perpetual Succession – Business continues through a nominee after the owner’s death.
• Small Business Benefits – Eligible for government schemes and subsidies.

• Proof of Registered Office Address
• Notarized rental agreement
• No-objection certificate from the owner (if rented)
• Sale deed (if property is owned).
• Digital Signature Certificate
• PAN Card as an ID Proof of Director
• Address Proof of Director
• Passport size photograph
• Latest bank statement
• Telephone or mobile bill

Follow these steps to register your One Person Company:

• Obtain Digital Signature Certificate (DSC) for online filing of forms.
• Propose a unique company name and get approval from the Registrar of Companies (ROC
• Draft the Memorandum of Association (MoA) and Articles of Association (AoA) outlining company objectives and operational rules.
• File SPICe+ Part B for incorporation along with MoA, AoA, and other necessary documents.
• ROC verifies all documents and issues the Certificate of Incorporation (COI) along with the Company Identification Number (CIN).

• Opening of a bank account in the name of the Company
• Professional Tax Registration should be done within 30 days
• Appointment of an auditor within 30 days of incorporation
• Annual General Meeting / AGM
• Auditing of Accounts by CA
• Issue of Share Certificate within 60 Days of incorporation
• Payment of Stamp Duty on the Share Certificate

Our experts will guide you through every step of the registration process, ensuring compliance with the latest laws and regulations. With our in-depth expertise and prompt support, you can incorporate your One Person Company swiftly and efficiently.