OPC REGISTRATION

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OPC Registration

Instant Name Application for One Person Company

MCA Name Approval
Name Approval + Incorporation

☑ Instant Filing

☑ 4 Name Choice

☑ Instant Name Filing

☑ 2 Digital Signatures

☑ Company Registration

☑ Current Account Opening

Introduction to One Person Company (OPC)

One Person Company (OPC) registration in India was introduced as a concept under the Companies Act of 2013, enabling a single individual to establish a company and enjoy the combined benefits of both a sole proprietorship and a traditional company structure. This concept became available with the implementation of the Companies Act in 2013.

The primary objective behind creating one-person companies was to foster entrepreneurship and encourage the formalization of Micro, Small, and Medium Enterprises (MSMEs). According to Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member, and interestingly, these roles can be held by the same individual.

Advantages of One Person Company (OPC)

Advantages of One Person Company (OPC) include the following:

  • Legal Status: An OPC obtains a separate legal entity status, safeguarding the individual who founded it from personal liability for company losses.
  • Easy Fundraising: Being a private company, OPCs find it easier to raise funds through venture capitalists, angel investors, and banks compared to proprietorship firms.
  • Reduced Compliance: OPCs enjoy certain exemptions from compliance requirements under the Companies Act, 2013, simplifying administrative obligations.
  • Simple Incorporation: OPCs can be established with just one member and one nominee, with the member also serving as the director. No minimum paid-up capital requirement simplifies the incorporation process.
  • Efficient Management: With a single person managing the OPC, decision-making is swift, leading to efficient company management without conflicts or delays.
  • Perpetual Succession: OPCs maintain perpetual succession, ensuring the company’s continuity even with only one member.

In conclusion, OPCs offer several advantages, including limited liability, ease of fundraising, reduced compliance, straightforward incorporation and management, and perpetual succession.

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