One Person Company Registration India

One Person Company (OPC) can be formed with only one owner, who acts as both the director as well as a shareholder of the company. There can be more than one director, but not more than one shareholder. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).

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One Person Company Registration India

One person company registration provides corporate status and many benefits to the members and directors.

In the case of a Private company, at least two members are required which is not the same in the case of OPC. To eliminate this drawback and allow a single person to reap the advantages of One Person Company, this sort of a company structure is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process.

One Person Company feature is such that it has only one shareholder who owns 100% stake of the company. To maintain the character of perpetuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his inability. One person company is a type of Private Limited Company.

Advantages of One Person Registration in India

Limited Liability of Owners
Benefits of One person company Registration lies in the separate legal entity of the company where the liability and obligations are not charged over the personal assets of the sole member. Even in the case of liquidation, the personal assets of the member are protected, except in certain specified cases.
Separation of Management and Ownership
Even if the One Person Company is owned by sole personnel, the owner may appoint a director owing up to the responsibility to operate and run a company. The operational duties are assigned to the director(s) whereas the member would be able to fetch profits channeling efforts towards other businesses. However, in One Person Company, the shareholder holds complete control over being a stakeholder.
Separate Legal Existence
A One Person Company would obtain the status of a separate legal entity. Such One Person Conmpany registration ensures that the entity is separate from the owner, unlike a proprietorship firm. OPC can own the assets in its own name and enter into a contract with the parties. The actions of the company are independent of the owner.
Lower Compliance Requirement
A Single Person Company is benefited with an exemption to many compliances unlike a private company. Compliances like holding General and Board Meeting, etc. are not applicable to OPC. However, Board Meeting must be held if more than one director is on Board.
Pan Card
PAN Card of all partners
Foreign nationals may provide passport
Address Proof
Aadhar Card/ Voter ID/ Passport/ Driving License of all partners
Bank Statement
Scanned copy of latest bank statement
Photograph & Signature
Latest Photograph &tners Signature of all stakeholders.

Documents Required for OPC Registration

In India, One Person Company registration cannot be done without proper identity and address proof. These documents will be needed for all the partners and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the OPC registration process acceptable.

The director of the One Person Company should submit the scanned transcripts/ copies of the following documents mandatory for OPC registration-

  • PAN card or Passport
  • Passport, for NRIs and Foreign Nationals
  • Scanned transcript of Driver’s License or Voter’s ID
  • Updated gas or electricity invoice/Bank account Statement/Mobile or landline phone invoice
  • Specimen signature or impression
  • Passport-sized photo

Please Note: The first 3 documents should be self-attested by the OPC director. All the documents for a foreign national or an NRI must be notarized (if residing in India or a non-Commonwealth country at present) or apostilled (if living in a Commonwealth country at present).

Documents Necessary For The Registered Office 
  • Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice)
  • Scanned transcript of Rental Agreement written in the English language
  • Scanned transcript of N-O or No-objection Certificate from the concerned property landowner
  • Scanned transcript of Property or Sale Deed printed in English (if the property is owned)

Note: Your office space which is registered needs to be a commercial area; however, it can be your house of residence as well

OPC Registration Online Process

Before exploring the concept of a one person company, let us have a brief understanding of the various types of companies that can be formed. A company can be established for a lawful purpose by the following number of persons:

  • Seven or more persons, in case of a public limited company.
  • Two or more persons, in case of a private limited company.
  • One person, in case of a one-person company.

One Person Company Registration Requirements

Unlike a private limited company, a one person company has certain restrictions associated with its incorporation. Hence, before starting an OPC registration online, its essential to understand the constraints and ensure the promoter is eligible as per the Companies Act to register a OPC.

  • Only a natural person who is Indian Citizen and resident in India can incorporate OPC.
  • Resident in India means a person who had resided in India for a period not lesser than 182 days in the prior calendar year.
  • Legal entities like Company or LLP cannot incorporate a OPC.
  • The minimum authorised capital is Rs 1,00,000.
  • A nominee must be appointed by the promoter during incorporation.
  • Businesses involved in financial activities cannot be incorporated as a OPC.
  • OPC must be converted to a private limited company when paid-up share capital exceeds Rs.50 lakhs or turnover crosses Rs.2 crores.

Thus, a one person company can be formed by an Indian citizen who has his/her presence in India for at least 182 days during the immediately preceding calendar year. A person can incorporate not more than one OPC. Finally, an OPC is prohibited from having a minor as its member.

Make Application in 3 Easy Steps

1. Answer Quick Questions
  • Pick a Package that best fits your requirements
  • Nearly 10 minutes to fill in our Questionnaire
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways
2. Relax While Team of Experts Get It All Done
  • Assigned Relationship Manager to help you with OPC registration.
  • Procurement of Digital Signatures (DSC)
  • Application for OPC Name Reservation under SPICe
  • Documents drafting including MOA and AOA
  • Certificate of Incorporation
  • Application for PAN and TAN
3. Wow! OPC Registration was Easy
  • Your business is registered, get-set-grow!
  • All it takes is 15 – 18 working days to register and 

An OPC is a good alternative to running a sole proprietorship, largely because it gives limited liability to the business owner. This means that your liability is limited to the amount you’ve invested in the business; business debts cannot be recovered from personal possessions. Also, a sole proprietorship ceases to exist on the death of its promoter. In the case of an OPC, the nominee director takes over and the entity continues to exist. Single entrepreneurs who do not have another partner to start a private limited company may also consider it.

One Person company registration can be done only by Indian residents, and that, too, only one at a time, as per the specifications of the Ministry of Corporate Affairs.

All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.

The company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership. In the same form, user needs to provide details of the new member of the OPC.

The OPCs in India are taxed in the following ways and rates:

  • Corporate Income-Tax: 30% of the Total Income/Net Profits
  • Surcharge: 5% of such income, if it exceeds INR One Crore
  • Education Cess: 3% of the total of Income-Tax and Surcharge
  • Dividend Distribution Tax (DDT): 15%

Lastly, the provisions of the Minimum Alternative Tax (MAT) are also applicable.

As per the Companies (Incorporation) Rules, 2014, a One Person Company has to change itself compulsorily into a private limited company or a public limited company, if at any point of time, its paid-up capital exceeds INR 50 Lac OR its average annual turnover of three immediately preceding consecutive financial years becomes more than INR 2 Crore. Under any of these conditions, the OPC is necessarily required to inform the relevant ROC through Form INC-5, within 60 Days of the exceeding threshold limits. Here, it may also be noted that an OPC cannot voluntarily change itself into any type of company, within two years of its incorporation, except under any of these two cases of exceeding the threshold limits.

No, no other persons than an Indian citizen or a Resident in India, can register a one person company anywhere in India. This means, a non-resident Indian (NRI), or a foreign national, cannot set up an OPC in India.

The minimum authorised capital for starting up a one person company is Rs. 1 lakh.

Compare and know which Company Type suits you:

Managing Your Business

Private Limited Company

Limited Liability Partnership

One Person Company

Partnership Firm

Proprietorship Firm

Governing Act

Companies Act, 2013

Limited Liability Partnership Act, 2008

Companies Act, 2013

Indian Partnership Act, 1932

No specified Act

Registration Requirement

Registration under Companies Act is mandatory

Registration under LLP Act is mandatory

Registration under Companies Act is mandatory


There is no registration criteria prescribed. But, registration is recommended

Number of members

2 - 200

2 - Unlimited

Only 1

2 - 50

Only 1

Separate Legal Entity

It is a separate entity and can own assets in its name

It is a separate entity and can own assets in its name

It is a separate entity and can own assets in its name

It is a separate entity and can own assets in its name

Proprietor and business are considered the same

Liability Protection

Limited up to the total value of shares subscribed

Limited up to the value of shares subscribed

Limited up to the total value of shares subscribed

Partners are jointly and severally liable to pay the debts of the Partnership Firm

Proprietor’s liability is to pay-off all the debts and obligation of the firm

Statutory Audit

Auditor must be appointed within the 30 days of incorporation

Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh

Auditor must be appointed within the 30 days of incorporation

Statutory audit not applicable. Tax audit may be applicable based on turnover

Statutory audit not applicable. Tax audit may be applicable based on turnover

Ownership Transferability

Shares can be transferred with the consent of other Shareholders

Ownership can be changed with consent of other partners

Shares are not transferable easily

Ownership is not transferable easily, clause of partnership deed should be referred

Firm is no different from proprietor and so ownership is not transferable

Uninterrupted Existence

Perpetual existence as the management and owners are different. Ownership is easily transferable

Change in Partners or Designated Partners does not affect the existence of LLP

Perpetual existence. The nominee will take place of member

Change in partner leads to dissolution or formation of another partnership firm

Death or insolvency of proprietor directly affects the firm

Foreign Participation

Foreign national are allowed to invest under the Automatic Route

Foreign nationals are allowed, subject to FDI Guidelines

Member, nominee and director must be an Indian resident

Foreign nationals are not allowed to be a partner

Foreign Nationals cannot commence proprietorship business

Tax Rates

Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable

With tax rate of 30% on business profit, no tax on income distribution to partners

Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable

With tax rate of 30% on business profit, no tax on income distribution to partners

Tax rates of individual applied to Proprietorship Firm

Statutory Compliances

Companies have to meet high compliance requirements

Lesser compliance requirements compared to companies

Separate ITR of partnership is filed, else there is no filing requirement

With tax rate of 30% on business profit, no tax on income distribution to partners

No compliances and no requirement to file a separate ITR

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