One person Company

One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. It is recognition of single person economic entity lightens a path for small traders, service providers to venture into business by expanding their opportunities through corporate identity. Any natural person (should not be minor) who is an Indian citizen whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint nominee of an OPC. Timeline for Non-resident individuals has been reduced to 120 days.

Benefits of Registration

1. Organized version of OPC will open the avenues for more favorable banking facilities
2. Eligible to register under Startup India Initiative of Govt of India
3. It gives suppliers and customers a sense of confidence in business
4. Legal status and social recognition for your business
5. The director and shareholder can be same person
6. Limited Liability
7. Separate Legal entity

Documents Required

For Directors
1. Photograph of all the Directors
2. PAN Card of all the Directors
3. ID Proof of all the Directors (Driving License/Passport/Voter ID)
4. Electricity Bill or any other utility bill for the address proof

Proofs for office address
1. Latest water bill or electricity bill
2. Notarized rental agreement in English
3. In case of owned property Sale deed or property deed
4. NoC from the property owner

What other registrations are required along with OPC registration?

This depends on the nature of business. But broadly you will require below registrations along with OPC registration

1. GST Registration
2. PF Registration if number of employees more than 20
3. Professional Tax of respective states
4. Local body licenses (Eg. Karnataka Shops & Establishments)
5. Complaince with Labour laws like Factories act, ESI, POSH, Labour welfare Fund etc..

Frequently Asked Questions