One-Person Company

The Easiest and Smartest way to Register Your Business

SwiftTax is a functional tool designed to simplify and automate the process of registering a business with the state.

Get Free Consultation

Fill out this form and lets connect!

    Full Name

    Phone Number

    Email ID


    One-Person Company

    The Easiest and Smartest way to Register Your Business

    SwiftTax is a functional tool designed to simplify and automate the process of registering a business with the state.

    Get Free Consultation

    Fill out this form and lets connect!

      Full Name

      Phone Number

      Email ID


      SwiftTax Assistance for OPC Incorporation

      According to the latest amendments of the Company’s Act 2013, as per section 2(62), a company can be formed with 1 director and 1 member which provides the benefit to incorporate as a single person company while adhering to same features as a private company and benefits of sole proprietorship but with minimum compliance requirements. The director and member can be the same person. Thus, one person company means one individual who may be a resident or NRI can incorporate his/her business within India.

      Documents Required :

      Obtaining Digital Signature Certificate

      The first step to OPC incorporation is to register and obtain a digital signature certificate for the proposed director. SwiftTax guides you with documentation and registration filing.

      Application for Director Identification Number

      In the second stage, SwiftTax assists you with getting a unique Director Identification Number by submitting SPICe Form for up to three directors according to the law in effect from January 2018.

      Name Approval Application

      SwiftTax expert advisor helps you with searching for a name to incorporate an OPC and get registered for the same name for the company, by filing SPICe+ 32 and submitting it to MCA.

      Documentation

      We help you prepare and submit the following documents for OPC incorporation.
      1. MoA
      2. AoA
      3. Office registration for the proposed Company
      4. Filing Form INC-3, INC-9, and DIR-2
      5. Declaration

      Submission for Approval with MCA

      Our guided assistance helps you carefully document, file, declare, and submit every associated and needed to be attached to the SPICe Form to get approval from the MCA.

      Certificate of Incorporation

      On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and you can commence your business. Our assistance after incorporation helps you stay legally compliant and successfully run the business.

      Frequently Asked Questions

      The mandatory requirements of a One Person Company (OPC) in India are as follows:

      • There must be only one member in the OPC.
      • The member must be an Indian citizen and resident.
      • The OPC must have a nominee who will take over the company in the event of the member's death or incapacity.
      • The OPC must have a registered office in India.
      • The OPC must have a minimum paid-up capital of INR 1 lakh (about $1,300).
      • The OPC must file annual returns and financial statements with the Ministry of Corporate Affairs (MCA).
      • The OPC must appoint a minimum of one director.
      • The OPC must have a PAN (Permanent Account Number) and a TAN (Tax Deduction and Collection Account Number).
      • The OPC must have a DIN (Director Identification Number) for each director.
      • The OPC must have a company seal and a common seal for legal documents.

      The process of registering a One Person Company (OPC) in India generally takes about 7-10 business days. However, the exact time may vary based on the complexity of the documents and the availability of the required information. It is advisable to complete the process in a timely manner to avoid any delays or issues.

      The validity is a lifetime until the Company survives.

      There are several benefits of a One Person Company (OPC) in India:

      • Easy to Set Up: OPCs are relatively easy to set up and do not require a lot of documentation or compliance compared to other types of companies.
      • Tax Benefits: OPCs are eligible for various tax benefits and exemptions, such as a reduced corporate tax rate, tax exemptions for startups, and deductions for expenses related to business development.
      • Professional Image: OPCs provide a professional image to clients and partners, which may help in building credibility and attracting business.

      No. Only a person who is a resident of India is allowed to register as a One Person Company.

      No, FDI is not allowed into an OPC in India.

      If the paid-up capital of your One Person Company (OPC) exceeds INR 2 crore at any point or if the turnover of your company exceeds INR 20 crore for three consecutive financial years, you are required to convert your OPC into a private limited company.

      No, one person is allowed to be a member of only one OPC.

      There is no minimum paid-up capital requirement.

      Other Registration Services

      Import Export Code

      Partnership

      Limited Liability Partnership

      Private Limited Company

      Startup India Registration

      Indian Subsidiary y

      Nidhi Company

      Section 8 Company

      Proprietorship Registration

      Udyam Registration

      Import Export Code

      FSSAI Registration

      Professional Tax

      Import Export Code

      Partnership

      Limited Liability Partnership

      Private Limited Company

      Startup India Registration

      Indian Subsidiary

      Nidhi Company

      Section 8 Company

      Foreign Company Registration

      Udyam Registration

      Proprietorship Registration

      FSSAI Registration

      Ready to get started?

      Lets talk to our expert for free.

      Contact Us