One Person Company (OPC) Registration in Jaipur
A One Person Company lets a single entrepreneur operate as a company with limited liability, without having to bring in a second shareholder.
Requirements at a glance
- One natural person, who must be an Indian citizen and meet the prescribed residency condition, is the sole member.
- One director is required, and a nominee must be named in the incorporation documents, with the nominee’s written consent.
- An OPC cannot carry on non-banking financial investment activities, and certain other activities are not permitted.
- A distinctive name ending with “(OPC) Private Limited” and a registered office in India.
The process
The steps are the same as for a Private Limited company: Digital Signature Certificate, name approval, filing of the SPICe+ form with the Memorandum and Articles, and the Certificate of Incorporation. We also handle PAN, TAN, bank account opening support and the first-year formalities. See Private Limited company registration.
Compliance
An OPC must maintain books of account, get them audited, and file annual financial statements and an annual return with the Registrar of Companies, along with an income tax return. It has a lighter meeting requirement than other companies. We track the due dates and complete the filings.
Frequently asked questions
Can an OPC raise funds from investors?
An OPC has a single member, so external equity is not possible without converting it into a Private Limited company. If you plan to raise funds, a Private Limited company is generally the better starting point.
Can an OPC be converted later?
Yes. An OPC can be converted into a Private Limited or a Public company, subject to the procedure prescribed under the Companies Act.
Who is the nominee, and what does the nominee do?
The nominee takes over as the member in the event of the death or incapacity of the sole member. The nominee’s consent is filed with the incorporation.
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