One Person Company (OPC) Registration
Single-promoter corporate entity setup under Section 2(62) of the Companies Act, 2013 combining absolute individual business control with corporate limited liability.
1. Legal Definition & Statutory Framework
Under Section 2(62) of the Companies Act, 2013, a One Person Company (OPC) is defined as a company which has only one person as a member. It is categorized as a private limited company under statutory law but enjoys special compliance exemptions regarding Annual General Meetings (AGM).
Key Statutory Provisions (Section 2(62))
2. Key Statutory Benefits
100% Sole Ownership & Control
Complete equity ownership and business execution control resting with a single entrepreneur without partner interference.
Limited Liability Protection
Unlike a proprietorship firm, personal assets of the promoter are legally shielded from business liabilities and debts.
3. Mandatory Document Checklist
A. Promoter & Nominee Documents
- PAN Card Copy (Promoter & Nominee)
- Identity Proof (Aadhaar / Voter ID / Passport)
- Bank Statement (Under 2 months old)
- Form INC-3 Written Consent of Nominee
B. Registered Office Documents
- Utility Bill (Electricity bill under 2 months old)
- Rent Agreement & Owner NOC
4. Step-by-Step OPC Incorporation Timeline
Step 1: Class 3 DSC & Nominee Consent
Obtaining Class 3 DSC for promoter and obtaining written consent of Nominee Director in Form INC-3.
Step 2: SPICe+ Part A & Part B Filing
Filing SPICe+ (INC-32) name reservation ending with "(OPC) Private Limited", e-MOA, e-AOA, and AGILE-PRO-S.
Step 3: COI, PAN, TAN & Bank A/c Opening
ROC issues Certificate of Incorporation (COI) featuring CIN along with company PAN and TAN.
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