A One Person Company (OPC) is a perfect business type for solo entrepreneurs in India who want the advantages of a registered company coupled with the ease of a single-owner business. A sole person can start and run a business with the benefit of limited liability protection, which protects personal assets from the liabilities of the business. This format is best for small companies and new ventures, offering the advantage of a sole proprietorship with the protection from liability of a private limited company.
Registering a One Person Company (OPC) in India is straightforward but involves several legal steps. First, you must choose a unique business name and get it approved through the Ministry of Corporate Affairs (MCA) portal using the SPICe (Simplified Proforma for Incorporating Company Electronically) form. Next, you need to prepare and file the required company documents namely, the Memorandum of Association (MoA) and Articles of Association (AoA) which define the company’s objectives and operational structure as per the Companies Act, 2013.
Then you'll have to produce evidence of your registered office address and corroborating identity documents. After submitting these documents and having them accepted by the Registrar of Companies (RoC), the company is issued a Certificate of Incorporation, which makes it a registered entity. OPCs have less compliance obligations than other business entities, like private or public limited companies, which means less hassle and less regulatory burdens.
This business type suits businesspersons who want sole authority over their business decisions but would like to enjoy the formal stature of a registered company. Our experienced OPC registration service provides you with guidance at each step to achieve a hassle-free, compliant, and efficient setup process so that you can concentrate on growing your business confidently.
Section 2(62) of Companies Act, 2013 defines a one-person company as one that has only one person as its member. Furthermore, members of a company are nothing but shareholders to its memorandum of association. So, an OPC is effectively a company that has only one shareholder as its member.