Find answers to frequently asked questions about One Person Company (OPC) registration in India, including eligibility criteria, compliance requirements, conversion thresholds, and nominee roles, to help you make well-informed decisions
It is a company formed by a single Indian citizen who is also a resident, having limited liability, separate legal identity, perpetual succession, nominee-based continuity, and simplified compliance under Companies Act, 2013.
Only a natural person who is an Indian citizen and resident (182+ days in India previous year) can register and serve as member and nominee.
Limited liability, separate legal status, perpetual succession via nominee, fewer compliances, easy funding, and efficient decision-making.
Typically 10 days: DSC/DIN in 1 day, incorporation certificate in 3–5 days, all subject to ROC approval.
Authorised capital must be at least ₹1 lakh, but there is no minimum paid-up capital.
GST applies only if turnover crosses threshold limits or for interstate supply; not mandatory by default.
Yes, after 2021 amendment, NRIs can incorporate OPCs provided they meet residency norms (120+ days in prior year).
DSC, DIN, identity and address proofs (PAN/Aadhaar), office proof & NOC, MoA/AoA, nominee consent (Form INC-3), and director’s declarations.
Yes, OPCs must undergo statutory audit of financial statements annually.
Yes, voluntarily—or mandatorily if its paid-up capital exceeds ₹50 lakhs or turnover exceeds ₹2 crore. Previously compulsory, but no longer mandatory post-2021 amendment.