Starting a business as a solo entrepreneur? Registering a One Person Company (OPC) in India can be the ideal path to enjoy the benefits of a private limited company while maintaining full control over your venture. Introduced under the Companies Act, 2013, the OPC model is designed to support small business owners and startups looking to build a legally recognized business with minimal compliance.
At Lal Ghai & Associates, we specialize in helping individuals register and manage their One Person Company with ease and efficiency. Here’s everything you need to know.
✅ What is a One Person Company?
A One Person Company (OPC) is a type of private limited company that can be formed by a single person. It merges the benefits of sole proprietorship and corporate structure, offering limited liability, a separate legal identity, and easy compliance.
Key Features:
- Only one shareholder (member) and one nominee.
- Liability is limited to the unpaid value of shares.
- The name must include “(OPC) Private Limited”.
- Distinct legal entity from the owner.
✅ Who Can Register an OPC?
To register a One Person Company in India, the individual must:
- Be a natural person and Indian citizen.
- Be resident in India (stayed for at least 182 days in the current financial year).
- Not own or be a member of more than one OPC.
- Appoint a nominee who takes over in case of death or incapacity.
🛑 NRIs, foreign citizens, and minors are not eligible to register an OPC.
✅ Legal Structure: Private Company Limited by Shares (OPC Pvt Ltd)
An OPC in India can only be incorporated as a Private Company limited by shares, making it the only legal entity type available for this format.
✅ OPC Conversion Rules
1. Voluntary Conversion
As per MCA Notification (Feb 1, 2021), an OPC can voluntarily convert into a:
- Private Limited Company
- Public Limited Company
(No 2-year restriction anymore.)
2. Mandatory Conversion
Earlier mandatory conversion upon exceeding ₹50 lakhs capital or ₹2 crores turnover is now removed.
✅ OPC Limitations
An OPC cannot be registered or converted into:
- LLP (Limited Liability Partnership)
- Partnership Firm
- Sole Proprietorship
- Section 8 Company (Non-Profit)
It also cannot engage in NBFC or investment in securities.
✅ Compliance for One Person Company
Despite simplified structure, OPCs must:
- Maintain proper books of accounts
- File AOC-4 and MGT-7A annually
- Conduct board meetings
- Appoint a statutory auditor
- File income tax returns
✅ Advantages of OPC
- 🛡 Limited Liability Protection
- 🏢 Separate Legal Entity
- 📉 Lower Compliance Burden
- 🔄 Perpetual Succession via nominee
✅ Why Choose Lal Ghai & Associates?
At Lal Ghai & Associates, we are experienced in:
- OPC Registration in India
- Corporate law advisory
- Filing of ROC returns and annual compliance
- Trademark registration and business structuring
We offer personalized guidance to help you make the best decision for your startup or business.
📞 Ready to Register Your OPC?
Let us help you form your One Person Company online with ease.
✅ Trusted professionals | ✅ Affordable pricing | ✅ End-to-end support
📍 Locations: Ludhiana | Mohali | Gurugram
📧 Email: sumit@lgassociates.org
📞 Call: +91-94636-40466