One Person Company
(OPC) Registration
Be your own boss with limited liability. The perfect structure for solo entrepreneurs who want a corporate identity.
What is an OPC?
A One Person Company (OPC) is a company that has only one person as a member. It was introduced in the Companies Act, 2013 to support entrepreneurs who are capable of starting ventures on their own but want the protection of limited liability.
Why Choose Credorra?
OPC registration requires appointing a Nominee and drafting specific MOA/AOA clauses. Our experts ensure your OPC is set up correctly so you can focus on your business without worrying about compliance.
Proprietorship vs OPC
| Feature | Sole Proprietorship | One Person Company (OPC) |
|---|---|---|
| Legal Status | Not a separate legal entity | Separate legal entity from owner |
| Liability | Unlimited (Personal assets at risk) | Limited to share capital |
| Registration | Optional / Local Acts | Mandatory under MCA |
| Funding | Difficult to raise funds | Easier to get bank loans & funding |
| Succession | Ends with owner's death | Perpetual succession via Nominee |
Benefits of OPC
Limited Liability
Your personal assets (house, car, savings) are safe from business debts.
Sole Control
You have 100% control over the business decisions without needing board meetings.
Credibility
Being a registered company adds trust among vendors, customers, and banks.
Documents Required
Keep these documents ready for the Director and the Nominee.
Start Registration- PAN Card of Director & Nominee
- Aadhar Card of Director & Nominee
- Passport Size Photos of Director & Nominee
- Proof of Address (Bank Statement/Electricity Bill - Not older than 2 months)
- Registered Office Proof (Rent Agreement + NOC from Owner + Electricity Bill)
- Digital Signature Certificate (DSC) for Director
- Nominee Consent (Form INC-3)
Simple 5-Step Process
DSC Application
We apply for Digital Signature for the Director.
Name Approval
We file RUN form to reserve your unique OPC name.
MOA & AOA
Drafting Memorandum and Articles of Association.
SPICe+ Filing
Submitting incorporation forms to MCA.
COI Issued
You receive Certificate of Incorporation, PAN & TAN.
Annual Compliances
OPCs have fewer compliance requirements compared to Private Limited companies, but they are still mandatory.
- Annual Return (Form MGT-7A): Filed within 60 days of AGM.
- Financial Statements (Form AOC-4): Filed within 180 days of FY end.
- Income Tax Return: Filed annually by 31st October.
- No AGM Required: OPCs are not required to hold Annual General Meetings.
Why Compliance Matters?
Regular compliance ensures your OPC remains active and avoids penalties. It also builds credibility with banks and government authorities.
Credorra offers annual compliance packages to keep your OPC hassle-free.
Common Questions
Only a natural person who is an Indian citizen and resident in India can form an OPC. A person can be a member of only one OPC at a time.
A Nominee is a person appointed by the member to take over the company in case of the member's death or incapacity. This ensures perpetual succession.
Yes, an OPC can be voluntarily converted into a Private Limited Company after 2 years of incorporation, or mandatorily if its paid-up capital exceeds ₹50 Lakhs or turnover exceeds ₹2 Crores.
Yes, statutory audit by a practicing Chartered Accountant is mandatory for all OPCs, regardless of turnover or capital.
Start Your Solo Venture Today.
Don't let legal formalities delay your business. Let Credorra handle your OPC registration with precision.
Get Started Now