One Person Company (OPC) Registration in India
₹ 9900 all-inclusive
Professional Fees for Company Incorporation including Name Search and Reservation, MOA & AOA preparation, Incorporation Application, DIN, PAN, TAN, Assistance in opening bank accounts.
NOTE: DSC procurement cost and any government fees are billed based on actual costs.
* Prices are higher for OPC registration in Kerala, Madhya Pradesh and Punjab on account of higher stamp duty.
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OPC Registration in India: Overview
The latest form of business introduced by Companies Act, 2013 is "One Person Company (OPC)", which is a parallel and more structured form of Proprietorship. OPC Registration requires only one member to create this company and at the same time it has a separate legal entity, offers limited liability protection and enjoys stability and continuity of business. OPC Registration in India usually takes 10-15 days.
Every OPC has to mandatorily nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. An OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year.
Advantages of OPC Registration in India
Legal Entity
An OPC is a legal entity and a juristic person. It has wide legal capacity and can own property.
Limited Liability
The Directors or Shareholders of the company have no personal liabilities.
Lesser compliance
One Person Company (OPC) also gets freedom from complying with many requirements as normally applicable to other private limited Companies.
Single Owner Control
Complete control over the company by a single owner is a rare combination. This leads to fast decision making and execution.
OPC Registration Process in India
It usually takes 10-15 days to register an OPC through SPICe INC-32 (A single application for Reservation of Name, Incorporation of Company, Allotment of DIN), subject to ROC processing time. VenturEasy makes OPC Registration easy for you.
DSC Application
1-3 working days
MoA & AoA, SPICe INC-32
7-9 working days
PAN & TAN Applications
1-3 working days
Frequently Asked Questions (FAQs)
OPC registration requires only one member to create the company, and it is a separate legal entity that offers limited liability protection and enjoys stability and continuity of business. This page covers OPC registration for Indian residents only.
It usually takes 10-15 days to register an OPC through SPICe INC-32, a single application for reservation of name, incorporation of the company and allotment of DIN, subject to ROC processing time.
Our professional fees are ₹9,900 all-inclusive. They cover company incorporation including name search and reservation, MOA and AOA preparation, the incorporation application, DIN, PAN, TAN and assistance in opening bank accounts. DSC procurement cost and any government fees are billed based on actual costs. Prices are higher for OPC registration in Kerala, Madhya Pradesh and Punjab on account of higher stamp duty.
Yes. Every OPC has to mandatorily nominate a nominee director in the MOA or AOA, who becomes the owner of the OPC in case the promoter director is disabled.
An OPC must be converted into a private limited company if it crosses an annual turnover of Rs.2 crores. It must also file audited financial statements with the Ministry of Corporate Affairs at the end of each financial year.
An OPC is a legal entity and juristic person with wide legal capacity, and its director or shareholder has no personal liability. It is free from complying with many requirements normally applicable to other private limited companies, and complete control by a single owner leads to fast decision making and execution.
The DSC application takes 1-3 working days. The MoA and AoA through SPICe INC-32 take 7-9 working days. The PAN and TAN applications take 1-3 working days.
Comparing Private Limited Company, LLP and OPC
| Factors of Comparison | Private Limited Company | One Person Company | Limited Liability Partnership |
|---|---|---|---|
| Minimum Requirement | Members – 2 Directors – 2 |
Member – 1 Director – 1 Nominee of Sole Member – 1 |
Designated Partners – 2 |
| Minimum Capital | No minimum requirement | No minimum requirement | No minimum requirement |
| Regulator | Registrar of Companies | Registrar of Companies | Registrar of Companies |
| Compliance Requirements | Annual Return Filing Board Meetings & General Meetings |
Annual Return Filing No Board Meetings, if only one director No General Meetings |
Annual Return Filing |
| Taxation | Taxed at 30% | Taxed at 30% | Taxed at 30% |
| Credibility | High | Medium | Medium |
| Investor Preference | High | Low | Medium |
| Statutory Audit | Compulsory | Compulsory | If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs |
| Conversion | Can be converted into LLP | Cannot be converted before 2 years | Cannot be directly converted into a Private Limited Company |
| Time Taken for Registration | 15 – 20 Days | 10 – 15 Days | 15 – 20 Days |
| Procedure | Obtain DSC (Digital Signature Certificate) INC-32 Incorporation Filing PAN, TAN Applications |
Obtain DSC (Digital Signature Certificate) MoA & AoA, INC-32 Incorporation Filing PAN, TAN Applications |
Obtain DSC (Digital Signature Certificate) Obtain DPIN (Designated Partner Identification Number) Name Approval Filing for Incorporation File LLP Agreement PAN, TAN Applications |
| Company Registration | OPC Registration | LLP Registration |