Overview
One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to operate a corporate entity with limited liability. OPC combines the benefits of a sole proprietorship with the advantages of a private limited company. Ideal for solo entrepreneurs who want professional business structure.
Benefits
Limited liability protection for the sole member
Separate legal entity status
Easy to incorporate and manage
No minimum capital requirement
Full control over business decisions
Enhanced credibility compared to sole proprietorship
Access to bank loans and funding opportunities
Required Documents
- PAN Card of the director and nominee
- Aadhaar Card of the director and nominee
- Passport-size photographs
- Address proof of registered office
- NOC from property owner
- Consent of nominee (Form INC-3)
- Digital Signature Certificate of the director
Step-by-Step Process
- 1
Name Approval
Reserve a unique company name through RUN form on MCA portal.
- 2
DSC & DIN
Obtain Digital Signature Certificate and Director Identification Number.
- 3
Document Drafting
Prepare MOA, AOA, and nominee consent forms.
- 4
SPICe+ Filing
File incorporation form with MCA along with all documents.
- 5
Incorporation Certificate
Receive Certificate of Incorporation with CIN, PAN, and TAN.