What is One Person Company (OPC) Registration?
One Person Company is designed for solo entrepreneurs who want the benefits of a company without needing a second shareholder. It offers limited liability and a separate legal identity, while keeping control with a single owner. Since 2021, OPCs can be formed by NRIs and can convert into a private or public company at any time. TaxBucket handles nominee consent, MoA/AoA drafting and SPICe+ filing end to end.
Who needs it?
- Solo founders, freelancers and consultants who want limited liability
- Proprietors who want to upgrade to a corporate structure
- Indian citizens living abroad (NRIs) who want to start a business in India
Key benefits
- Complete control with a single owner
- Limited liability protection
- Separate legal entity and perpetual succession through the nominee
- More credibility than a proprietorship with banks and clients
- Relaxed compliance: fewer board meeting requirements and no AGM
Documents required
Checklist: keep these ready
- PAN and Aadhaar of the owner and nominee
- Address proof of owner and nominee
- Passport-size photographs
- Registered office proof and NOC
- Nominee consent in Form INC-3
Step-by-step process
- 1
Step 1
DSC for the director
- 2
Step 2
Name approval through SPICe+ Part A (name must include 'OPC Private Limited')
- 3
Step 3
Nominee consent (INC-3) and drafting of MoA/AoA
- 4
Step 4
SPICe+ Part B filing
- 5
Step 5
Certificate of Incorporation with PAN and TAN
- 6
Step 6
Post-incorporation compliance setup
Key facts: fees, timelines, due dates and penalties
- 11 member, 1 nominee and minimum 1 director
- 2Only a natural person who is an Indian citizen can be a member or nominee
- 3A person can form only one OPC
- 4Annual filings: AOC-4 within 180 days of financial year end and MGT-7A
Why choose TaxBucket for One Person Company (OPC) Registration?
- 14+ years of experience in tax, GST, MCA and legal compliance
- ISO 9001:2015 certified company with a team of tax and compliance professionals
- Transparent pricing with no hidden charges
- End-to-end online process with a dedicated expert and regular status updates
- Office in South West Delhi; serving clients across India
Frequently asked questions
Can an NRI register a One Person Company in India?
Yes. Since April 2021, an Indian citizen who is a non-resident can form an OPC.
Is there a turnover limit for an OPC?
No. The earlier Rs 2 crore turnover and Rs 50 lakh capital limits were removed in 2021.
Who can be a nominee in an OPC?
Any natural person who is an Indian citizen, with written consent in Form INC-3. The nominee takes over if the owner dies or becomes incapable.
Does an OPC need to hold an AGM?
No. An OPC is exempt from holding an Annual General Meeting.
Get expert help with One Person Company (OPC) Registration today
Call +91 7838-000-475 or send your enquiry and our expert will get back to you.
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