One Person Company Registration in India | OPC Registration
A One Person Company (OPC) allows an eligible individual to operate through a corporate structure while having a single member, subject to the requirements of applicable company law.
AnyWhereFormations assists entrepreneurs with OPC incorporation, documentation and related registration requirements.
Who Can Consider an OPC?
An OPC may be considered by an entrepreneur who:
- Wants a separate corporate structure
- Wants to operate individually
- Wants formal business documentation
- Does not currently require multiple shareholders
- Wants to separate business operations from personal affairs, subject to applicable law
Eligibility should be checked based on the applicant’s circumstances and the law applicable at the time of incorporation.
OPC Registration Includes
Depending on the selected service package:
- Incorporation application assistance
- SPICe+ filing
- Incorporation documentation
- MOA and AOA
- PAN/TAN-related processing
- Bank-account assistance
- Post-incorporation guidance
- Compliance support where included
OPC Registration Process
The process generally includes:
- Confirming eligibility
- Selecting a company name
- Preparing documentation
- Preparing nominee information
- Filing the applicable MCA forms
- Responding to any resubmission requirements
- Obtaining the Certificate of Incorporation
- Completing applicable post-incorporation formalities
OPC Compliance
An OPC remains subject to applicable corporate and tax compliance requirements.
Depending on circumstances, these can include:
- Accounting records
- Income-tax filing
- GST compliance where applicable
- MCA annual compliance
- Statutory records
- Other registrations applicable to the business
OPC vs Sole Proprietorship
A sole proprietorship and OPC are different structures.
A sole proprietorship does not create the same separate corporate entity structure as a company. An OPC is incorporated under company law and operates through a separate legal entity.
The appropriate option depends on the entrepreneur’s business model, risk profile, compliance expectations and future plans.