OPC Registration in India is ideal for solo entrepreneurs who want the benefits of a private limited company with complete control. A One Person Company (OPC) offers limited liability, legal recognition, and better credibility while allowing a single individual to own and manage the business. This Saving Mantra guide explains what OPC is, its benefits, eligibility, and the step-by-step OPC registration process in India.
What is One Person Company (OPC)?
A One Person Company (OPC) is a company structure introduced under the Companies Act, 2013 that allows one individual to incorporate and run a company with limited liability and perpetual succession.
OPCs are regulated by the Ministry of Corporate Affairs.
Key Features of OPC
- Single shareholder and director allowed
- Limited liability protection
- Separate legal entity
- Nominee mandatory for succession
- No requirement of AGM
Benefits of OPC Registration
- ✔ Limited liability for the owner
- ✔ Full control with corporate status
- ✔ Higher credibility than proprietorship
- ✔ Easy conversion into private limited company
- ✔ Better access to funding and banking
Eligibility Criteria for OPC Registration
To register an OPC in India:
- Only Indian citizen & resident can incorporate
- One person can form only one OPC
- Nominee must be an Indian citizen
- Minimum paid-up capital: No minimum requirement
Who Should Opt for OPC?
- Solo entrepreneurs
- Consultants & freelancers
- Small traders and service providers
- Startups with a single founder
Documents Required for OPC Registration
- PAN Card of promoter
- Aadhaar Card / Passport / Voter ID
- Passport-size photograph
- Proof of registered office address
- NOC from property owner (if rented)
- Nominee’s consent (INC-3)
Step-by-Step Process for OPC Registration in India
Step 1: Obtain DSC
Apply for Digital Signature Certificate (DSC) of the promoter and nominee.
Step 2: Name Reservation
Apply for name approval through SPICe+ Part A on MCA portal.
Step 3: Draft MOA & AOA
Prepare Memorandum and Articles of Association mentioning OPC objectives.
Step 4: File Incorporation Forms
Submit SPICe+ Part B along with linked forms (AGILE-PRO, INC-3).
Step 5: Certificate of Incorporation
Once approved, ROC issues the Certificate of Incorporation with CIN.
Time Required for OPC Registration
⏱ 7–10 working days, subject to document verification and MCA approval.
Post-Registration Compliance
- Opening company bank account
- Annual ROC filings (AOC-4, MGT-7A)
- Income tax return filing
- Statutory audit (mandatory)
OPC vs Proprietorship
| Particular | OPC | Proprietorship |
|---|---|---|
| Legal Entity | Yes | No |
| Liability | Limited | Unlimited |
| Credibility | High | Low |
Penalties for Non-Compliance
Non-compliance may lead to:
- Late filing fees
- Monetary penalties
- Director disqualification
Why Choose Saving Mantra?
- ✔ End-to-end OPC registration support
- ✔ Expert drafting of MOA & AOA
- ✔ Affordable pricing & quick turnaround
- ✔ Post-registration compliance assistance
Disclaimer
This blog is for informational purposes only and does not constitute legal, tax, or professional advice. Procedures, fees, and laws may change as per government notifications. Readers are advised to consult professionals or the Ministry of Corporate Affairs before proceeding.
Conclusion
OPC Registration in India empowers solo entrepreneurs to operate with limited liability and strong legal identity. With simplified compliance and full ownership, OPC is a smart choice for individual business owne