What is an OPC — One Person Company?
A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013 that allows a single entrepreneur to incorporate a limited liability company with just one director and one shareholder. FinLegit registers your OPC for ₹12,000 all-inclusive, including DIN and DSC.
Who Should Register an OPC?
- Solo entrepreneurs who want limited liability protection
- Freelancers scaling their practice into a formal entity
- Professionals (CAs, architects, consultants) seeking corporate credibility
Documents Required
- PAN and Aadhaar of the director
- Photograph of the director
- Name and address of nominee
- Registered office address proof (utility bill + NOC)
OPC Registration Process
- Name availability check on MCA and RUN (Reserve Unique Name)
- DSC and DIN for the sole director
- Drafting of MoA and AoA with nominee clause
- Filing SPICe+ on MCA21 portal
- Certificate of Incorporation with CIN
OPC vs Sole Proprietorship — Key Differences
Unlike a sole proprietorship, an OPC is a separate legal entity with limited liability. The director's personal assets are protected from business debts. An OPC can also be converted to a Private Limited Company once turnover crosses ₹2 crore.
Frequently Asked Questions
Can an NRI form an OPC?
No. Only an Indian resident citizen who has stayed in India for at least 182 days in the preceding year can form an OPC.
What happens if the sole director dies?
The nominee takes over as the director and continues the company.
Reviews
There are no reviews yet.