Introduction to One Person Company (OPC)

One Person Company (OPC) registration in India allows a single individual to establish a business with the benefits of limited liability and separate legal identity. Introduced under the Companies Act of 2013, this structure is ideal for solo entrepreneurs.

Eligibility Criteria to Register One Person Company

• Must be a natural person and an Indian citizen.
• Must have resided in India for at least 182 days in the previous calendar year.
• Minimum authorized capital: ₹1,00,000.
• Mandatory nominee appointment during incorporation.
• Cannot engage in financial, banking, or insurance businesses.
• Must convert to Pvt Ltd Co. if capital exceeds ₹50L or turnover exceeds ₹2Cr.

Advantages of One Person Company

• Separate legal entity and limited liability.
• Easier fundraising opportunities.
• Reduced compliance under Companies Act, 2013.
• Simple incorporation and efficient management.
• Perpetual succession ensures business continuity.

Disadvantages of One Person Company

• Limited to small-scale operations.
• Restricted from certain business activities.
• Lack of separation between ownership and management.

Required Documents for OPC Registration

• Memorandum and Articles of Association (MoA & AoA)
• Nominee’s consent with PAN & Aadhaar (Form INC-3)
• Proof of registered office address
• Director’s declaration (Form INC-9) and consent (Form DIR-2)
• Certification from a qualified professional

OPC Registration Process in India

1. DSC: Obtain a Digital Signature Certificate for the director.
2. DIN: Get a Director Identification Number from MCA.
3. Name Reservation: Apply via SPICe+ Part A.
4. MOA & AOA: Draft company objectives and rules.
5. File Forms: Submit SPICe+ Part B and supporting documents.
6. COI: Receive Certificate of Incorporation, along with PAN and TAN.

Why Choose Hiva Professionals?

Hiva Professionals offers expert guidance, affordable pricing, and end-to-end support to ensure a smooth OPC registration experience. From name approval to document filing, our team ensures full legal compliance with dedicated customer assistance throughout.