One Person Company

Overview

A One Person Company (OPC) lets a single entrepreneur run a company with limited liability and a separate legal identity. Introduced by the Companies Act, 2013, it gives solo founders the credibility of a company without needing a second shareholder, while requiring one nominee who takes over if the owner is incapacitated.

Objective

To give solo founders the protection and credibility of a company structure without needing a co-owner.

Characteristics

• A single shareholder who is a natural person and resident in India
• One mandatory nominee for the sole member
• Separate legal entity with limited liability
• Converts to a private limited company on crossing turnover or capital thresholds

Eligibility

• Only a natural person who is an Indian resident can incorporate an OPC
• The sole member must appoint a nominee
• A person can incorporate only one OPC at a time

Governing law

• Companies Act, 2013
• Companies (Incorporation) Rules, 2014

The process

1. 1
   DSC & DIN

   We obtain the Digital Signature and Director Identification Number.

2. 2
   Name reservation

   We reserve the company name with the MCA (SPICe+ Part A).

3. 3
   File SPICe+

   We file incorporation with MoA, AoA and the nominee's consent.

4. 4
   Certificate of Incorporation

   The MCA issues the certificate with CIN, PAN and TAN.

Documents required

• PAN and photo of the member and the nominee
• Identity and address proof of the member and nominee
• Registered office proof with a no-objection letter
• Consent of the nominee (Form INC-3)

Benefits

• Limited liability for a single owner
• Separate legal identity and perpetual succession
• Full control with one owner
• More credible than a sole proprietorship

What you get

Certificate of Incorporation (with CIN), company PAN and TAN, and the registered MoA & AoA.

Frequently asked questions