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Get Your One Person Company Pvt Ltd
Incorporate your business with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your One Person Company Pvt Ltd.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for registration
Your One Person Company Pvt Ltd
Auriga Accounting has a team of registration experts who can provide complete guidance to register your One Person Company Pvt Ltd.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for registration
Your One Person Company Pvt Ltd
A One Person Company (OPC) is a distinctive business structure introduced under the Companies Act, 2013, tailored for individual entrepreneurs who want to operate as a separate legal entity without the need for multiple partners. It combines the advantages of a Private Limited Company—such as limited liability, perpetual succession, and enhanced business credibility—with the simplicity of single ownership and control. Ideal for solo founders, freelancers, and professionals, OPC registration provides legal recognition, easier access to funding, and simplified compliance. With fewer regulatory requirements and complete management authority, it serves as a perfect blend of flexibility, protection, and professionalism for emerging entrepreneurs.
A One Person Company (OPC) is a unique business structure that allows a single individual to operate a company as a separate legal entity. This structure provides the owner with limited liability, ensuring that their personal assets are protected and distinct from the company’s liabilities. OPC is designed to offer solo entrepreneurs a formal and legal framework to run their business while enjoying the advantages of a company, without the requirement of having additional shareholders.
In India, the concept of OPC is governed by the Companies Act, 2013, under Section 2(62) and Section 2(62) read with Rule 3 of the Companies (Incorporation) Rules, 2014.
As Per Companies Act 2013, Minimum requirements for One Person Company registration.
A minor under the age of 18, a foreign citizen who is not an Indian resident, a non-resident, and any individual incapacitated by contract are not eligible to become a member of a One Person Company (OPC).
Obtain Digital Signature Certificate (DSC): Secure a DSC for the proposed director to ensure secure, quick, and seamless online filing of all required documents.
Apply for Director Identification Number (DIN): Submit Form DIR-3 via the MCA portal to obtain a unique DIN for the director, satisfying statutory regulations.
Reserve Company Name: Use the MCA’s RUN (Reserve Unique Name) service to propose and reserve an appropriate and available name for the company.
Draft Memorandum and Articles of Association: Prepare the MOA and AOA in accordance with the Companies Act, clearly defining the company’s objectives, structure, and governance.
File Incorporation Documents: Submit the SPICe+ form along with the MOA, AOA, DSC, DIN, and other required documents through the MCA portal to initiate registration.
Pay Registration Fees: Complete the payment of registration fees, including stamp duty, to facilitate approval and registration of the company.
Receive Certificate of Incorporation: Upon approval, obtain the Certificate of Incorporation, which provides legal recognition and confirms the company’s formation.
Obtain PAN and TAN: Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) to meet tax and compliance requirements.
Open a Business Bank Account: Use the incorporation documents to open a dedicated bank account in the company’s name, enabling business transactions and financial management.
1. Appointment of Auditor: Every OPC must appoint a Chartered Accountant as a Statutory Auditor within 30 days of incorporation to ensure annual auditing of financial records.
2. Annual Filing with ROC: The company is required to file its Financial Statements (Form AOC-4) and Annual Return (Form MGT-7A) with the Registrar of Companies (ROC) every financial year.
3. Income Tax Return Filing: An OPC must file its Income Tax Return (ITR) annually under the Income Tax Act, irrespective of profit, loss, or turnover status.
4. Maintenance of Statutory Registers: The company must maintain and regularly update statutory registers, including the Register of Members, Directors, and Share Transfers.
5. Board Meetings: At least one board meeting should be conducted in each half of the financial year, with a minimum gap of 90 days between two meetings.
6. Preparation of Financial Statements: The OPC must prepare its Balance Sheet, Profit & Loss Account, and Notes to Accounts, duly authenticated by the director and auditor.
7. Commencement of Business (Form INC-20A): Within 180 days of incorporation, the OPC must submit Form INC-20A declaring the commencement of business operations.
8. Director KYC (Form DIR-3 KYC): The sole director must complete annual KYC verification to keep their Director Identification Number (DIN) active and compliant.
9. Maintenance of Books of Accounts: Accurate and up-to-date books of accounts must be maintained at the registered office, either in physical or digital format, as per the Companies Act.
10. GST and Other Regulatory Compliances: If the company is registered under GST, it must file monthly, quarterly, or annual GST returns, along with any other applicable tax or professional compliance filings.
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