OPC Services for Single Entrepreneurs
Achieve corporate status and limited liability as a sole founder.
A One Person Company (OPC) is a unique corporate structure that allows a single entrepreneur to operate a business with the benefit of limited liability, previously available only in traditional Private Limited Companies. Introduced under the Companies Act, 2013, the OPC is the perfect blend of the control of a Sole Proprietorship and the legal security of a Company. We provide end-to-end management for all OPC incorporation requirements.
- Limited Liability for the sole owner.
- Requires One Member and One Nominee.
- Separate legal entity status.
- Minimal compliance compared to Private Limited Company.
This initial phase defines the structure and core legal requirements that grant the single owner the benefit of limited liability.
Corporate Structure & Limited Liability
The OPC is a separate legal entity from its shareholder (the member). This key feature means the member's personal assets are protected from the company's debts and obligations. The OPC must be incorporated with the Registrar of Companies (ROC).
Key Personnel Requirement
The OPC must have:
One Member: The single individual who owns 100% of the share capital.
One Nominee: A person named in the Memorandum of Association (MoA) who will take over the member's shares in case of the member's death or incapacity. The nominee can withdraw their consent at any time.
As an incorporated entity, the OPC must adhere to statutory requirements to maintain its active status with the Ministry of Corporate Affairs (MCA).
Annual Compliance
While the compliance burden is lower than a Private Limited Company, certain annual filings are mandatory:
Annual Returns: The company must file its annual returns, including Form AOC-4 (Financial Statements) and Form MGT-7 (Annual Return), with the ROC every year.
Statutory Audit: The company's financial statements must be audited by a Chartered Accountant, regardless of the turnover.
Board Resolutions: While the single member/director can pass most resolutions, certain necessary documents and minutes must be prepared to fulfill statutory requirements.
Conversion Threshold
An OPC has certain operating limits. If its paid-up share capital exceeds ₹50 Lakh or its average annual turnover exceeds ₹2 Crore for two consecutive financial years, it is required to convert into a Private Limited Company or a Public Limited Company within six months.
This stage covers the necessary initial steps to legally establish the OPC and make it ready for commercial operations.
Digital Signatures (DSC) & DIN: We facilitate the application and acquisition of the Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed member/director.
Name Approval: We manage the application for name reservation to the MCA, ensuring the proposed name is unique and ends with the words "(OPC) Private Limited."
MoA & AoA Drafting: We prepare and file the Memorandum of Association and Articles of Association, including the essential nominee clause, with the ROC.
Bank Account Opening: We provide the necessary documentation (Certificate of Incorporation, MoA, AoA, PAN) to facilitate the opening of a dedicated corporate current bank account.
