Business Registration

  • Company Registration for Indian Founder
  • PAN and TAN for the company
  • 1 DIN and 1 Digital Signature
  • Authorized Capital up to 1 Lakh
  • All Government Fees(Additional for Punjab, Madhya Pradesh and Kerala)
  • MOA and AOA consulting and Drafting
  • ESI and PF Registration
  • Assistance in current account opening

Take First Step

One Person Company Registration in India

One Person Company Registration

The 2013 Companies Act introduces a new type of entity to the existing list i.e., apart from forming a public limited or private limited company, the 2013 Act enables the formation of a new entity, a ‘One Person Company (OPC)’.

Selection of the type of business entity is of utmost importance before starting a business. It is beneficial for entrepreneurs to have multiple options available when looking to start a business. OPC, LLP, and Private Limited Company are the three most preferred business entities in India. LLP is formed under LLP Act, 2008. In LLP, the liability of the partners is limited to their contributed amount to the company. LLP works best if no external funding is required by the partners, when they need it then the company can be turned into a Pvt Ltd Company.

In a nutshell, GST is an indirect tax that is levied on the sale, manufacture, and consumption of goods and services. It applies to the entire nation and seeks to make it a common unified market. With the support of a uniform tax structure, GST will enable smooth supply across the whole supply chain in all states.

An OPC means a company with only one person as its member [Section 3(1) of 2013 Companies Act]. As the name suggests, a One-Person company is a company that can be constituted by just one person as its shareholder. An OPC can be contrasted with Private companies, which require a minimum of 2 members to get going. In OPC, the person and the company are considered separate legal entities. In a One-Person-Company, the owner’s liability is limited to his/her investment.

The introduction of OPC was based on the suggestions of the J.J Irani Committee Report on Company Law, which submitted its recommendations in 2005. It said small companies would contribute immensely to India’s economy, but because of their size, they can not be burdened with equal levels of norms & compliance requirements as big public listed companies.

The Law on One Person Company that took shape, as a result, exempted such companies from many procedural requirements, and, in some cases provided relaxations. For instance, an OPC is not required to conduct an annual general meeting, which is a requirement for other companies.

A One-Person-Company also does not require the signatures of both its company secretary and director on its annual returns.

Online company registration In India, One Person company is most recommended for Single founder, if do not have second director, start the OPC now, its very easy to convert OPC to Private Limited Company. One advantage of One Person company is, limited liability for the directors and Shareholders with certain restrictions that are placed on the ownership.

One person company(OPC) has all the benefits of Private Limited Company. All companies Registered in India are governed by Statutory act, Companies Act 2013.


Particulars OPC
Applicable law Companies Act, 2013
Regulatory Authority Ministry of Corporate Affairs
Members required Minimum one Maximum one
Directors required Minimum one Maximum 15
Minimum Share Capital No minimum share capital is required. If capital exceeds 50 lakhs, OPC gets converted into Pvt. Ltd.
Board Meeting One meeting in each half-year, and the gap between 2 meetings should be at least 90 days.
Statutory Audit Compulsory
Liability Limited
Transferability Ownership can be transferred to the nominee in case of the Director’s death or incapacity to act.
Annual Filing Financial statements and annual returns to be filed with ROC.
Annual Filing Financial statements and annual returns to be filed with ROC.
FDI Not eligible for FDI
To be opted If Capital requirement is 50 lakhs and turnover less than 2 crores.
Company name Should end with OPC (Pvt. Ltd.)/ OPC Ltd.

Documents Required for One Person company Registration in India

For Designated Directors
  • Pan Card
  • Aadhaar Card
  • Bank Statement
For Registered Office premises
  • Latest Electricity Bill
  • No Objection Certificate from the Premises Owner
  • Notarize rental agreement in English [or]
  • Sale deed/Registery if property is you own the property

Document required

Documents Required
  • A Certificate of Incorporation serves as a confirmation of a company's formation.
  • Pan card of Company
  • ID Proof: PAN card
  • Address Proof: Ration card/ Aadhar Card/ Driving License/Voter ID
  • 2 Passport-sized photographs of Directors
  • Address proof of the place of business- any utility bill such as water/electricity/telephone/gas bill
  • No Objection Certificate from the premises owner
  • Notarized rental agreement in English (if rented property)
  • Copy of property papers(if own property)
  • A bank account statement that includes name, address, and a few transactions
  • Digital signature for authorized signatory

Steps for registration of an OPC

  • Check all the required documents properly
  • Apply for DSC and DIN of all the directors
  • Apply for the availability of Company name
  • File Spice+ form for incorporating the Company
  • Apply for PAN and TAN of the Company
  • ROC issues a certificate with PAN and TAN
  • Open a current bank account under the Company name
  • Start Operations

Process and Steps in Registration of One Person Company in India

  • 1

    Issuance of Digital Signature certificate(DSC)

    Take 1 working Day

    Digital Signature certificate would be issued for you.

  • 2

    Director Identification Number

    Take 1 working day

    Director Identification Number is 8 digit unique identification number issues to directors by MCA(Ministry of Corporate affair).

  • 3

    Name Reservation and Approval

    Take up to 4 days

    Once DIN and DSC is there, Intine ComplianceServices professionals will run name availability check on the 2 names provided by you and will file for name approval in MCA(Ministry of Corporate affair).

  • 4

    File For Incorporation One Person Company Registration

    Take up to 7 days

    Intine experts will Draft MOA and AOA in consultation with you and incorporate your suggestions, once MOA and AOA is in place, Expert will fill Form in SPICe for the formation of the company. Along side the PAN and TAN would be Filled.

OPC compliance checklist:

Particulars Description
Corporate stationary Name Board: All companies including an OPC are required to paint or affix the name of the company and address of its registered office outside every office or place in which it carries its business.
Company rubber stamp A rubber stamp bearing name of the company along with the designation of the authorized signatory. This is required for executing various legal documents
Letterhead The name and registered office address of OPC must be printed on all letterhead, notices, invoices, and other official documents of the company.
Form INC 20A Form after incorporation of business within initial 180 days.
Board meeting Meetings to be held in each half of the year with a minimum gap between 2 meetings being at least 90 days.
Annual general meeting OPC is exempted from conducting AGM
Appointment of Auditor An Auditor must be appointed by the director of OPC for auditing of financial statements of the company
Annual return An OPC shall file its annual return within 60 days of entry of ordinary resolution in the minute book.
Opening OPC Bank Account Useful for issuing share certificates, also for the application for an export-import license one would require a current account under the company’s name.
Annual Filing Financial statements and annual returns to be filed with ROC.
Allotment of securities Post incorporation, share certificates need to be issued evidencing ownership of the company.Every share certificate must be duly signed by the director or authorized person and have the impression of the common seal of the company.


During the incorporation of a one-person company, the sole director and shareholder must propose a person as their nominee. A nominee is a person designated as the successor of the company in case of death or incapacity of the sole promoter. The nominee should give written consent to act as a Nominee. The nominee of an OPC must be an Indian citizen and Indian national above the age of 18 years.


An OPC can be converted into a Private Limited Company as per Section 18 of the Companies Act,2013 and the provisions of Companies Incorporation Rules of 2014. This conversion will not affect the existing liabilities, current debts, obligations, or contracts of the OPC.

As per section 18 of the Companies Act, 2013 read with Section 122 of the Act, for the Conversion of OPC into Pvt. Ltd. Company, necessary alteration is required in;

  • The Memorandum of Association(MOA)
  • Articles of Association(AOA), also
  • Min. 2 directors & 2 members are required
  • Need to fill e-form INC-6, to the concerned ROC along with following documents;
    • Altered MOA & AOA
    • List of proposed members & directors along with consent
    • List of creditors
    • Copy of special resolution
    • Latest audited balance sheet and Profit & loss account
    • Copy of NOC of every creditor with the application of conversion
    • Nominee consent
    • PAN card copy of nominee & member
    • Identity Proof of nominee & member
    • Address Proof of nominee & member
    • ROC scrutinizes the documents & issues the certificate of conversion

There are two ways of converting OPC into Pvt. Ltd. Company i.e.,

1: Voluntary Conversion:

Voluntary conversion of OPC into a Pvt. Ltd. Company is not permitted unless 2 years have expired from the expiration date of OPC. If the paid-up share capital exceeds 50 Lakh rupees or its average turnover exceeds Rs. 2 crores, then the OPC can be converted into a Pvt. Ltd. Company within 2 months.

For converting OPC into a Pvt. Ltd. company, it needs to have 2 directors and 2 members Within 60 days of voluntary conversion, Form INC 5 must be submitted to ROC

Compulsory/ Mandatory conversion:

When a One Person Company has paid-up capital more than or equal to Rs. 50 lakhs or the annual turnover for the given financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into a Private Limited Company or Public Limited Company as per the Rule 7(4) of the Companies (Incorporation) Rules,2014.

For this, OPC needs to pass a special resolution in its annual general meeting. Prior to passing this resolution, the company needs to obtain a No Objection Certificate (NOC) in writing from its members and creditors.

The company is also required to file a copy of the special resolution with the ROC within 30 days from the date of passing such resolution in form no. MGT-14.

The Company is required to file an application in form no. INC-6 for its conversion into Pvt. Ltd. Company along with the fees as given in Companies (Registration Offices and Fees) Rules, 2014.

Difference between OPC and Pvt. Ltd. Company:

Particulars OPC Pvt. Ltd. Company
Recommended For Sole promoters Start-ups and growing companies
Eligibility Only Indian citizen & Indian resident can apply Any individual be it NRI or Indian citizen can form it.
Min. requirement
  • Min. Director-1
  • Min. Member-1
  • Nominee -1
  • Min. directors-2
  • Min. members -2
Conversion policy Cannot be converted before 2 years Can be converted into LLP
  • Not required to conduct Annual
  • General meeting
  • Annual return filing,
  • Not required to conduct board .
  • meetings, if there is only 1 director,
  • Required to conduct Annual General meeting
  • Required to conduct Board meeting
  • Annual return filing is mandatory
Statutory Audit Compulsory Compulsory
Foreign investment Not allowed Allowed

One Person Company Registration FAQs

OPC Registration Common Questions

Can a single member start a company?
3 days ago

Yes, One person can start a company as per the Companies Act, 2013. As per the clause included in the act, there will be only one owner and one shareholder. Generally, it will be the same person.

Can OPC be converted into a Pvt. Ltd. Company?
3 days ago

Yes, an OPC can be converted into a Pvt. Ltd. company if its paid-up share capital exceeds 50 Lakh rupees, or, if its annual turnover exceeds 2 crore rupees, then within 60 days, OPC can be converted into a Pvt. Ltd. Company. OPC needs to inform about the voluntary conversion to the ROC within 60 days.

What are the conditions for mandatory conversion of an OPC into Pvt. Ltd company?
3 days ago

OPC shall be liable to convert itself into a Pvt. Ltd. company if its paid-up capital exceeds Rupees 50 lakhs, or the average turnover exceeds 2 crores. In such a case, it shall cease to operate as a One -person company.

What are the primary compliances that must be followed for the conversion of OPC into Pvt. Ltd. company?
3 days ago

Alter the Memorandum of Association (MOA) & Articles Of Association (AOA) by passing a special resolution in the meeting. Inform ROC within 30 days of its conversion. Increase the number of directors and members as per the requirement of a Pvt. Ltd. company.

Can OPC be sold to another person?
3 days ago

Yes, an OPC can be sold to another person.

Is it mandatory to appoint a nominee in the case of OPC?
3 days ago

Yes, it is mandatory to appoint a nominee. A nominee is a person who shall, in the event of death of the sole promoter or his/her incapacity to act, shall act as the successor. The nominee needs to give his prior consent at the time of incorporation of the company in form INC-3. The nominee may, at any time withdraw his/her consent, by giving notice to OPC and its members as well.

What are the restrictions in carrying out the functions of OPC?
3 days ago

An OPC can not indulge in NBFC-related activities, OPC can not invest/acquire Securities in its own name in other body corporate but its members can invest in other body corporates. OPC cannot issue shares except to its members.

What are the exemptions/ benefits available to one person company?
3 days ago

The exemptions available to an OPC are;

  • One Director: Unlike Pvt. Ltd. Company, an OPC requires only one director to run the company.
  • Holding of Annual General Meeting: An OPC is exempted from conducting an annual general meeting.
  • Holding of board meetings; An OPC may hold only 2 board meetings, each meeting to be held in each half of the calendar year, with a minimum gap between 2 meetings being at-least 90 days.
  • Annual return filing: For One person company, the annual return shall be filed by the company secretary and if there is no company secretary then it shall be filed only by the director.
  • Cash flow statement: An OPC is exempted from including a cash flow statement as part of its financial statement.
  • Audit report & Auditor: An OPC is not required to follow the condition laid down in Section 139(2) of the Companies Act, 2013, which makes compulsory the rotation of auditors every 5 years (individual auditors) and every 10 years (firm auditors).

What are the conditions for FDI in One person Company?
3 days ago

In the case of One person company, only Indian nationals are allowed to commence the company. So, FDI is not allowed in an OPC.

Who is not eligible for forming an OPC?
3 days ago

NRI, minor person, foreign citizen, or a person incapacitated to contract are prohibited from forming a one-person company.

*disclaimer:we try our best to keep the above provided information updated, the data provided keeps changing by amendments and changes in related statute/acts and other Govt published advisory and we don't claim that all information is always correct, the content is for informational purpose only, Intine.CO (QuickU Technology solutions pvt ltd) and its associates bear not responsibility of any loss because of actions taken based on the information on this page or any other page of this website.

Other Services

Business Registration
Business Registration
Business Registration