FAQs on One Person Company Registration
What is OPC registration in India?
- OPC registration is the process of forming a One Person Company under the Companies Act, 2013, giving a single entrepreneur corporate status with limited liability.
Who can register one person company?
- Any Indian citizen and resident can register OPC in India, provided they are not a minor and do not already own another OPC.
How many directors are allowed in an OPC?
- An OPC must have at least one director and can have up to fifteen directors after OPC incorporation.
What is the minimum capital required for OPC registration?
- There is no minimum capital requirement for one person company registration. It can be started with as little as ₹1 as authorized capital.
What are the documents required for OPC registration?
- The documents required for OPC registration include PAN, ID proof, address proof, photographs, registered office proof, and MOA & AOA.
Can NRIs or foreigners register OPC in India?
- No, only Indian citizens who are residents of India can register OPC in India. NRIs and foreign nationals are not eligible.
How long does the OPC registration process take?
- The OPC registration process usually takes 7–10 working days, depending on document verification and MCA approval.
What is a nominee in OPC registration?
- During single person company registration, a nominee is appointed to take over in case the sole owner dies or becomes incapacitated.
Can the nominee of an OPC be changed?
- Yes, the nominee in an OPC incorporation can be changed at any time by filing the required forms with the MCA.
What are the benefits of OPC?
- The main benefits of OPC include limited liability, separate legal identity, easy compliance, full ownership, and perpetual succession.
Is GST registration mandatory after OPC incorporation?
- GST registration is mandatory if the turnover of an OPC crosses the threshold limit or if it supplies goods or services online.
Are annual compliances required for OPC?
- Yes, every OPC must file annual returns, financial statements, and income tax returns after OPC registration online.
Is audit compulsory for OPC?
- Yes, an OPC must get its accounts audited every year regardless of turnover, as per the Companies Act, 2013.
Can an OPC raise funds from investors?
- Yes, but fundraising options are limited compared to private companies. Still, a registered OPC in India can raise loans from banks.
What is the difference between OPC and sole proprietorship?
- Unlike a sole proprietorship, one person company registration creates a separate legal entity, protecting personal assets of the owner.
Can a single person company registration be converted into private limited company?
- Yes, an OPC can be voluntarily or mandatorily converted into a private limited company once it crosses the prescribed turnover limits.
Is FDI allowed in an OPC?
- No, foreign direct investment (FDI) is not allowed in an OPC. Only Indian residents can hold 100% ownership in an OPC.
What are the OPC registration fees in India?
- The OPC registration fees vary based on authorized capital and state stamp duty. Professional and government fees are also applicable.
Can I complete OPC registration online?
- Yes, you can register an OPC online through the MCA portal using digital signatures and e-filing of forms.
Why choose EbizFiling for OPC registration?
- EbizFiling offers end-to-end services for OPC incorporation, including name approval, drafting of documents, filing, and post-registration compliance with expert CA/CS support.
OPC registration is the process of forming a One Person Company under the Companies Act, 2013, giving a single entrepreneur corporate status with limited liability.
Any Indian citizen and resident can register OPC in India, provided they are not a minor and do not already own another OPC.
An OPC must have at least one director and can have up to fifteen directors after OPC incorporation.
There is no minimum capital requirement for one person company registration. It can be started with as little as ₹1 as authorized capital.
The documents required for OPC registration include PAN, ID proof, address proof, photographs, registered office proof, and MOA & AOA.
No, only Indian citizens who are residents of India can register OPC in India. NRIs and foreign nationals are not eligible.
The OPC registration process usually takes 7–10 working days, depending on document verification and MCA approval.
During single person company registration, a nominee is appointed to take over in case the sole owner dies or becomes incapacitated.
Yes, the nominee in an OPC incorporation can be changed at any time by filing the required forms with the MCA.
The main benefits of OPC include limited liability, separate legal identity, easy compliance, full ownership, and perpetual succession.
GST registration is mandatory if the turnover of an OPC crosses the threshold limit or if it supplies goods or services online.
Yes, every OPC must file annual returns, financial statements, and income tax returns after OPC registration online.
Yes, an OPC must get its accounts audited every year regardless of turnover, as per the Companies Act, 2013.
Yes, but fundraising options are limited compared to private companies. Still, a registered OPC in India can raise loans from banks.
Unlike a sole proprietorship, one person company registration creates a separate legal entity, protecting personal assets of the owner.
Yes, an OPC can be voluntarily or mandatorily converted into a private limited company once it crosses the prescribed turnover limits.
No, foreign direct investment (FDI) is not allowed in an OPC. Only Indian residents can hold 100% ownership in an OPC.
The OPC registration fees vary based on authorized capital and state stamp duty. Professional and government fees are also applicable.
Yes, you can register an OPC online through the MCA portal using digital signatures and e-filing of forms.
EbizFiling offers end-to-end services for OPC incorporation, including name approval, drafting of documents, filing, and post-registration compliance with expert CA/CS support.