One Person Company (OPC)
What Is One Person Company
A One Person Company (OPC) is a type of private limited company where a single individual can be the sole owner and director. This structure was introduced under the Companies Act, 2013 to promote entrepreneurship while ensuring limited liability and legal recognition.
Who Can Register an OPC?
To register an OPC, the individual must meet the following criteria:
1 Must be an Indian citizen and resident in India.
2 Cannot be a member of more than one OPC.
3 Must appoint a nominee who will take over in case of the owner’s incapacity or demise.
Benefits Of One Person Company
- 1 Limited Liability Protection
Your personal assets remain safe as the liability is limited to the company’s share capital.
- 2 Separate Legal Entity
The company is a distinct legal entity, ensuring credibility and easier access to funding.
- 3 Single Ownership & Contro
You have complete control over decision-making without interference.
- 4 Ease of Compliance
Compared to other company structures, OPC has fewer compliance requirements.
- 5 Perpetual Existence
The company continues even after the owner’s demise, with a nominee taking over.
- 6 Tax Benefits
OPCs can enjoy lower tax rates compared to proprietorships.
Documents Required for One Person Company (OPC) Registration in India
Identity Proof (Aadhar Card, PAN Card, Passport, Driving License)
Address Proof (Bank Statement, Utility Bill, Voter ID)
Registered Office Address Proof (Electricity Bill/Rent Agreement and NOC from the owner)
Photograph of the Director and Nominee
Digital Signature Certificate (DSC) of the Director
Director Identification Number (DIN)