Why an OPC might be the perfect fit for your business
Attract investment and loans more easily than sole proprietorships, as they are recognized as a separate legal entity.
Unlike other company formats, a One Person Company (OPC) requires only a single director and shareholder.
Enjoy peace of mind knowing that your personal liability is limited to the contribution you make, keeping your personal wealth safe.
Continues to exist even in the event of the owner's demise. However, ownership can be transferred as per the legal provisions
Lets you control and manage your business directly and efficiently without the need for a board of directors, unlike corporations.
Easier to set up and maintain compared to private limited companies, making it a hassle-free choice for entrepreneurs.
Activate your OPC today with these 5 easy steps
Fill Up the Forms
Submit the Documents
Reserve Your OPC Name
Pay Professional Fee
Get Your OPC Registered
Make sure your OPC registration documents are ready with this guide
Learn what’s necessary to set up your OPC
(Shareholder)
Know your complete list of core deliverables for OPC incorporation
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From documents to compliance, we handle it all.
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Review your registration options and choose wisely
Feature | One Person Company | Private Limited Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
---|---|---|---|---|---|
Applicable Law | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
Registration | Mandatory | Mandatory | Mandatory | Optional | No |
Number of Owners | Only 1 | 2 - 200 | 2 - Unlimited | 2 - 50 | Only 1 |
Separate Legal Entity | ✓ | ✓ | ✓ | ✗ | ✗ |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
Statutory Audit | Mandatory | Mandatory | Not Applicable | Not Mandatory | Not Mandatory |
Ownership Transfer | No (Restricted) | ✓ | ✓ | ✓ | ✗ |
Perpetual Existence | ✓ | ✓ | ✓ | ✗ | ✗ |
Foreign Investment | ✓ | ✓ | ✓ | ✓ | ✗ |
Taxation Liability | Moderate | Moderate | High | High | Low |
Compliance Requirement | Moderate | High | Moderate | Low | Low |
Get Started | Know More | Know More | Know More | Know More |
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Answering your most common OPC questions
Yes, an existing private limited company can be converted into a One Person Company (OPC) if it meets the eligibility criteria specified under the Companies Act.
The OPC shall inform RoC in form INC-5, if the threshold limit is exceeded and is required to be converted into a private or public company.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
For the above purpose, the term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.
The name of an OPC must end with "Private Limited" and include "OPC" in parentheses, such as "XYZ Enterprises (OPC) Private Limited," to indicate its status as a One Person Company.
A nominee in a One Person Company is an individual appointed by the sole owner to take over the company in case of the owner’s death or incapacity.
No, an NRI cannot incorporate a One Person Company in India, as OPCs require at least one director to be a resident of India.
To be a Director or Nominee in an OPC, you must be an individual, an Indian resident, at least 18 years old, and not disqualified under the Companies Act.
A person can be a member in only one OPC.
Yes, an OPC can become a member or shareholder of another private limited company.
Incorporating a One Person Company usually takes about 7 to 15 business days.