One Person Company (OPC) Registration

What a One Person Company is

A One Person Company (OPC), introduced by the Companies Act, 2013, lets a single entrepreneur run a private limited company on their own. It gives a solo founder the credibility and limited liability of a company while requiring just one shareholder. A mandatory nominee is named at incorporation to take over the company if the sole member dies or becomes incapacitated, ensuring perpetual succession.

OPC is ideal for solo founders who have outgrown proprietorship and want a separate legal entity, easier access to bank credit, and the protection of limited liability — but who are not yet ready to bring in co-founders or external equity.

Who should choose OPC

• Solo founders wanting limited liability and a corporate identity.
• Freelancers and consultants scaling beyond a proprietorship.
• Single-owner businesses that want easier bank financing and vendor trust.
• Founders who plan to convert to a private limited company later as they grow.

Key rules and limits to know

Only a natural person who is an Indian citizen and resident in India can form an OPC, and a person can incorporate only one OPC at a time. An OPC cannot carry out non-banking financial investment activity. Importantly, while earlier rules forced conversion on crossing turnover/capital thresholds, the current framework allows an OPC to convert to a private/public company voluntarily at any time — there is no longer a mandatory conversion trigger on turnover. We advise on the right time to convert as you scale.

Incorporation process and documents

• Obtain DSC and DIN for the sole director.
• Reserve the company name via SPICe+ Part A on the MCA V3 portal.
• File SPICe+ Part B with the MOA, AOA, nominee consent (Form INC-3), PAN/TAN and EPFO/ESIC/GST options.
• Documents needed: PAN and Aadhaar of member and nominee, address proofs, photographs, registered office proof with utility bill and NOC.
• Receive the Certificate of Incorporation, CIN, PAN and TAN — typically in about 10–15 working days.

Compliance obligations

An OPC files annual accounts in AOC-4 and an annual return in MGT-7A, maintains statutory registers, and files income tax at the company rate. It is exempt from holding an AGM and certain board-meeting requirements, which keeps compliance lighter than a regular private company — but the filings are still mandatory and late filing attracts MCA penalties. We manage the full annual cycle for you.

Why TCC for your OPC

We handle the SPICe+ incorporation, nominee paperwork and post-incorporation registrations end to end, then keep your annual ROC and tax filings on track — and advise you on the right moment to convert to a private limited company as you raise funding or add partners. Fixed fee, expert-led, WhatsApp-first.