One Person Company (OPC) Registration in India – A Complete Guide

What is a One Person Company (OPC)?

A One Person Company (OPC) is a unique form of business entity introduced under the Companies Act, 2013. It allows a single individual to incorporate and operate a company with limited liability and separate legal identity, offering the benefits of a Private Limited Company with simplified compliance.

This is a perfect structure for solo entrepreneurs and professionals who wish to start a company without needing a co-founder.

Who Should Register an OPC?

OPC is ideal for:

• Freelancers and consultants

• Individual entrepreneurs

• Early-stage startups with one promoter

• Traders, bloggers, and digital creators

• Professionals like CA, lawyers, architects, etc.

Key Benefits of OPC

• ✅ Limited Liability: Your personal assets are protected.

• ✅ Separate Legal Entity: The company has a distinct identity from the owner.

• ✅ 100% Ownership: No partner or co-founder required.

• ✅ Easy to Raise Funds: Recognized by banks and investors.

• ✅ Perpetual Succession: The nominee will take over upon the owner’s death or incapacity.

• ✅ Better Credibility: Compared to sole proprietorship.

Disadvantages of OPC

• ❌ Can’t have more than one shareholder

• ❌ Not allowed to carry out Non-Banking Financial Activities (NBFCs)

• ❌ Annual turnover should not exceed ₹2 crores; else conversion into Pvt Ltd is mandatory

• ❌ Not suitable for businesses requiring equity funding from multiple investors

Documents Required for OPC Registration

For the Director:

• PAN Card

• Aadhaar Card / Voter ID / Passport / Driving License

• Passport Size Photo

• Mobile number and Email ID

• Bank Statement or utility bill (not older than 2 months)

For the Registered Office:

• Rental Agreement or Sale Deed

• NOC from the property owner

• Utility bill (Electricity/Water bill)

For Nominee Director:

• PAN and Aadhaar

• Passport size photo

• Consent in Form INC-3

Registration Process

1. Apply for DSC (Digital Signature Certificate)

2. Obtain DIN (Director Identification Number)

3. Name Reservation via RUN (Reserve Unique Name)

4. Incorporation using SPICe+ form (Part A & B)

5. Submission of MOA, AOA, and nominee consent

6. Apply for PAN, TAN & GST

7. Issue of Certificate of Incorporation (COI)

Timeframe & Government Fees

• Processing Time: 10 to 15 business days

• Govt Fees: Varies based on capital (Starts from ₹2,000 approx)

• Our Package Price: ₹9,999/- Only
  Includes:
  ✅ Company Name Approval
  ✅ Digital Signature Certificate (DSC)
  ✅ MOA & AOA
  ✅ Incorporation Certificate
  ✅ PAN & TAN
  ✅ GST Registration
  ✅ Import Export License
  ✅ Current Account Opening

Why Choose Saio Technologies?

At Saio Technologies, we simplify the company registration process. Whether you’re starting your journey or switching from proprietorship, our expert team provides:

✅ Fast online registration
✅ Transparent pricing
✅ Lifetime compliance support
✅ Government-compliant documentation
✅ Free consultation

Frequently Asked Questions

Q1: Can OPC be converted to Private Limited Company?
Yes, once your turnover crosses ₹2 crores or paid-up capital exceeds ₹50 lakhs, conversion is mandatory.

Q2: Who can be a nominee in OPC?
An Indian citizen (resident in India) aged 18+ can act as a nominee.

Q3: Can OPC have more than one director?
Yes, it can have up to 15 directors, but only 1 shareholder.