A One Person Company (OPC) is a type of company that can be incorporated with only one member. It was introduced under Section 2(62) of the Companies Act, 2013 to encourage individual entrepreneurs to start and operate businesses with the benefits of a corporate structure.
An OPC combines the advantages of a sole proprietorship and a private limited company. It provides limited liability protection, a separate legal identity, and better credibility while allowing a single person to own and manage the business.
Every OPC must appoint one nominee who will take over the company in the event of the sole member’s death or incapacity.
Tax N Track offers fast and reliable OPC Registration services across India, along with Private Limited Company, LLP, Public Limited Company, and other business registration services.
Services Included
- One Director Identification Number (DIN)
- One Digital Signature Certificate (DSC)
- Company Name Search and Approval
- ROC Registration Fees
- PAN and TAN Application
- Drafting of MOA (Memorandum of Association)
- Drafting of AOA (Articles of Association)
- Company Identification Number (CIN)
- MSME Registration Certificate
Additional Charges
Stamp duty may vary from state to state. Additional charges may apply for NRI or Foreign Directors.
Documents Required
For Director and Nominee
- Passport-size photograph.
- PAN Card copy.
- Identity Proof (any one):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
Business Address Proof
Any one of the following:
- Electricity Bill
- Telephone Bill
- Property Tax Receipt
- Gas Bill
- Tax Bill
Additional Documents
- Rent Agreement (if the business premises are rented)
- Proposed Company Name (1–2 options)
- Details of Business Activities, Services, or Products
- Valid Email ID and Mobile Number of the Director and Nominee
OPC Registration Process
Step 1
Apply for Digital Signature Certificate (DSC) for the Director.
Timeline: 1 Working Day
Step 2
Apply for Company Name Approval.
Timeline: 1 Working Day
Step 3
Preparation of incorporation documents including:
- DIR-2
- INC-9
- MOA
- AOA
- NOC
The documents are prepared and shared for signature.
Timeline: 1 Working Day
Step 4
Submission of signed documents and filing of incorporation forms with the Registrar of Companies (ROC), including payment of government fees and stamp duty.
Timeline: 1 Working Day
Step 5
Verification of documents by ROC and issuance of the Certificate of Incorporation.
Timeline: 2–3 Working Days
Step 6
Receive your Company Registration Certificate Kit and incorporation documents.
Advantages of One Person Company (OPC)
1. Single Ownership
Only one director and one member are required to incorporate and operate the company.
2. Limited Liability Protection
The liability of the owner is limited to the amount invested in the company, protecting personal assets from business liabilities.
3. Separate Legal Entity
The OPC has its own legal identity, separate from its owner.
4. Better Credibility
An OPC enjoys greater trust and recognition compared to a sole proprietorship.
5. Easy Access to Funding
OPCs can attract investments from financial institutions, venture capital firms, and angel investors.
6. Lower Compliance Burden
Compared to larger companies, OPCs have relatively fewer compliance requirements.
7. No Requirement for Annual General Meetings
Since there is only one member, there is no requirement to hold Annual General Meetings (AGMs) or Extraordinary General Meetings (EGMs).
8. Business Continuity
The nominee ensures continuity of the company in the event of the owner’s death or incapacity.
Why Choose Tax N Track?
- Quick and hassle-free registration process
- Experienced company registration professionals
- Transparent pricing with no hidden charges
- End-to-end support from incorporation to compliance
- Dedicated customer assistance throughout the registration journey
Start your entrepreneurial journey with an OPC and enjoy the benefits of limited liability, legal recognition, and complete business control.
