One Person Company (OPC) registration
A One Person Company lets a single founder run a business with the limited liability of a company. The founder is the sole shareholder and appoints a nominee who would take over in case of death or incapacity. An OPC can later be converted into a private or public company as the business grows.
What this covers
- Eligibility check and choice of nominee
- Name reservation and SPICe+ incorporation
- Nominee consent in Form INC-3
- MoA and AoA drafting
- PAN, TAN and GST registration
- Conversion of an OPC into a private limited company
How the work is done
- Confirm eligibility and choose a nominee
- Reserve the name and obtain a digital signature
- File SPICe+ with the nominee's consent
- Complete post-incorporation registrations
Documents usually needed
- PAN, Aadhaar and photograph of the founder
- PAN and Aadhaar of the nominee
- Registered office proof and owner's NOC
Frequently asked questions
Who can form an OPC?
An Indian citizen, whether resident in India or not, can form an OPC. A person can be a member of only one OPC at a time.
Can an OPC have more than one director?
Yes. An OPC has one shareholder but can have up to 15 directors.
Does an OPC hold annual general meetings?
No. An OPC is exempt from holding an AGM, but it must still file its financial statements and annual return.