A One Person Company (OPC) is a perfect business structure for solo entrepreneurs who want to enjoy the benefits of a private limited company with simplified compliance requirements. At Asktrix, we provide comprehensive OPC registration services with expert guidance throughout the entire process.
A One Person Company (OPC) is a type of private company that can be formed with just one person as a member. Introduced by the Companies Act, 2013, OPC allows individual entrepreneurs to enjoy the benefits of a private limited company while maintaining complete control over their business operations.
With years of experience in company incorporation, Asktrix offers end-to-end support for OPC registration. Our team of experts ensures compliance with all legal requirements while providing personalized guidance tailored to your business needs.
The following documents are essential for OPC registration:
To register an OPC, the following criteria must be met:
Our streamlined process ensures quick and hassle-free OPC registration:
Obtain DSC for the director to enable online document signing and filing.
Apply for DIN for the director through Form DIR-3.
Submit company name for approval through RUN (Reserve Unique Name) service.
Submit SPICe+ form with all required documents and information.
Submit Memorandum of Association and Articles of Association.
Receive Certificate of Incorporation and commence business operations.
Obtain PAN and TAN for tax compliance purposes.
Open a current account in the company's name for business transactions.
OPCs must comply with various regulations under the Companies Act, 2013:
Post-registration, OPCs must fulfill various compliance obligations:
Find answers to common questions about One Person Company registration in India.
Any Indian citizen who is a resident of India can start an OPC. The person must be at least 18 years old and should not be a minor.
OPC can have only one member/shareholder, while a private limited company requires minimum 2 members. OPC has simplified compliance requirements compared to private limited companies.
In case of death of the sole member, the nominee becomes the member of the OPC. If no nominee is appointed, the OPC will be dissolved.
No, an OPC cannot issue shares to the public. It can only have one member/shareholder and cannot invite public subscription.
An OPC must convert to a private limited company if its paid-up share capital exceeds ₹50 lakhs or its average annual turnover exceeds ₹2 crores in three consecutive years.
Yes, OPCs are eligible for MSME benefits and can register under the MSME Act to avail various government schemes and incentives.
An OPC can have a minimum of 1 director and a maximum of 15 directors. The sole member can also be the director.
OPCs need to file annual returns, financial statements, and maintain proper books of accounts. They also need to conduct board meetings and maintain statutory registers.
No, only Indian citizens who are residents of India can start an OPC. Foreign nationals cannot incorporate an OPC.
Yes, a Digital Signature Certificate (DSC) is mandatory for OPC registration as it is required for online filing of documents with the ROC.
Yes, an OPC can be converted to a private limited company by adding more members and following the conversion process as per Companies Act, 2013.
No, there is no minimum paid-up capital requirement for OPCs. You can start with as little as ₹1.
OPCs are subject to corporate tax rates. However, they may be eligible for various tax deductions and benefits available to companies under the Income Tax Act.
An OPC can have only one shareholder/member. This is the fundamental characteristic of an OPC.
If an OPC's paid-up capital exceeds ₹50 lakhs or average annual turnover exceeds ₹2 crores, it must convert to a private limited company within 6 months.
No, OPCs are not required to hold Annual General Meetings (AGMs) as there is only one member. However, they need to conduct board meetings.
Yes, appointing a nominee is mandatory for OPC registration. The nominee will become the member in case of death or incapacity of the sole member.
Yes, the nominee can be changed by filing the necessary forms with the ROC. The new nominee must give consent for the appointment.
OPCs need to file their financial statements with the ROC, but they are not required to publish them publicly like public companies.
If an OPC wants to add more shareholders, it must convert to a private limited company by following the conversion process under the Companies Act, 2013.
With Asktrix, registering a One Person Company is straightforward and reliable, allowing solo entrepreneurs to build their businesses with limited liability protection. For a hassle-free OPC registration process, expert compliance management, and affordable packages, contact Asktrix today and start your journey towards establishing a One Person Company in India!