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Incorporation of One Person Company (OPC) in India

Ideal if your business is small and Managing by Single Person

  • Many advantages, Single Person manage, Less Compliances with ROC and Minimum Fees
  • Incorporation in 2 days | Include Share Certificate, MOA/AOA, DSC, DIN, PAN & TAN, etc
  • Eligible to appy for Startup India Recognition & Tax Exemption
  • Free Post incorporation consultation

Why One Person Company is better choice for you?

When You Don't have any exemptions, A SINGLE individual may form a Private Limited Company with a Single Nominee

OPC can also be treated as a Private Limited Company and Eligible for Startup Registration use as well

The idea of a single Person Company (OPC) is introduced with Companies Act, 2013. Any one individual who is an Indian citizen and citizen in India is qualified to incorporate 1 Person Company. This form of business formation is perfect replacement for sole proprietorship version of businesses and qualified to apply for StartupIndia Recognition, Bank credit facilities and much more tastes than a informal company of sole proprietorship.

OPC is appropriate for a small business running independently. Appointment of a single Nominee is has to ( Indian heterosexual age not less than 18 years). An OPC Can have more than one directors, but the shareholder limited to a person only.

Documents Requirement for OPC Incorporation Below are given documents and details required for Owner (Shareholder sum Director) and Nominee both

  1. Photographs
  2. PAN card Copy
  3. ID Proof - Driving License / Voter ID / Passport (anyone)
  4. Address Proof - Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old)
  5. Email ID and Mobile Numbers
  6. Aadhar card ( Optional )
  7. Proposed Company Registered Office Address Proof - Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner
  8. DIN of Owner (Shareholder sum Director)

What are the various Compliances you need to do post incorporation of a OPC

An OPC is also a Private Limited company. So, apart from other statutory compliances like GST, InCome Tax, etc., it must comply below without any delay.

  • File Commencement of Business (COB) e-form INC 20A within 180 days of incorporation. 
  • Appointment of an Statutory Auditor ( Practicing Chartered accountant) for Auditing Books of accounts and issue audited Annual Financial Statement.
  • Filling of ROC Annual Forms 
  • Filing of Director e-KYC

The above compliances related to the provisions of Companies Act. If it a Startup Comoany then keep additional expenses approx Rs 40-50K for annual audit and ROC filings. 

Incorporation of One Person Company (OPC) in India