One Person Company
One Person Company
A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to run a company with limited liability protection. It combines the benefits of a sole proprietorship and a private limited company, making it an ideal choice for small business owners and startups.
Compliances for One Person Company (OPC)
Annual ROC Filing
Filing of Form AOC-4 (Financial Statement) and MGT-7A (Annual Return) with MCA.
GST Registration & Filing
If annual turnover exceeds ₹20 lakhs (₹10 lakhs for specific states).
Board Meetings & Resolutions
Although not mandatory for OPCs, compliance with minutes of decisions is required.
Income Tax Filing
OPCs must file ITR-6 annually
Appointment of Auditor
A statutory auditor must be appointed within 30 days of incorporation.
TDS Filing & Employee Compliance
If applicable, TDS returns must be filed quarterly.
how we help
Nominee Details & Consent Form INC-3 (Mandatory for OPC registration)
Advantages of One Person Company (OPC) Registration
Limited Liability Protection – The personal assets of the owner remain protected from business liabilities.
Legal Recognition – OPC enjoys corporate status and credibility, improving business prospects.
Single Ownership with Full Control – Unlike partnerships, the owner has complete decision-making power.
Separate Legal Entity – The OPC is distinct from its owner, ensuring better risk management.
Easy Funding Options – Banks and financial institutions prefer lending to registered companies.
Less Compliance Compared to Private Limited – OPCs require fewer regulatory filings than private limited companies.
Documentation Required for One Person Company (OPC) Registration
PAN Card of the Owner
Aadhar Card, Passport, or Voter ID (Identity Proof)
Latest Utility Bill (Address Proof)
Passport-size Photograph
Registered Office Address Proof (Electricity Bill & Rent Agreement if rented)
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Memorandum of Association (MoA) & Articles of Association (AoA)
Nominee Details & Consent Form INC-3 (Mandatory for OPC registration)
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Frequently Asked Questions (FAQs)
Who can register a One Person Company (OPC)?
Any Indian citizen and resident (who has stayed in India for at least 182 days in the previous financial year) can register an OPC.
Can a salaried person start an OPC?
Yes, a salaried individual can register an OPC, but they must check their employment contract for any restrictions.
Is GST registration mandatory for OPC?
If the annual turnover exceeds ₹20 lakhs (₹10 lakhs for special states) or interstate sales occur, GST registration is mandatory.
Can OPC have multiple directors?
No, OPC can have only one director and shareholder. However, an additional director can be appointed without ownership rights.
What happens if the OPC owner passes away?
A nominee (declared at registration) takes over the company in case of the owner's demise.