Who is eligible for incorporating a One Person Company?

A natural person who is a citizen of India and resident of India is eligible to incorporate an OPC and can be a nominee.

How many One Person Companies can be formed by one person?

A person can only form one One Person Company at a time.

What are the requirements of nomination?

A subscriber must nominate a person to become the member in the event of the subscriber's death or incapacity to contract.

In what form is the consent of the nominee required and can they withdraw?

Prior consent is required in e-form INC-3. The nominee can withdraw by giving written notice, and a new nominee must be appointed within 15 days.

Can a subscriber change a nominee?

Yes, the subscriber can change the nominee at any time by giving written notice and following the prescribed procedure.

Can an OPC be converted into a Private or Public Limited Company?

Yes, an OPC can be voluntarily converted after 2 years from incorporation, or compulsorily converted if threshold limits are reached.

When is it compulsory for an OPC to convert?

It must convert within 6 months if its paid-up share capital exceeds ₹50 Lakhs or average annual turnover exceeds ₹2 Crores.

Can a Proprietorship be converted into an OPC retaining the brand name?

Yes, a proprietorship can be converted into an OPC and can retain its established brand name, subject to MCA availability.

What if the OPC makes a loss, do statutory returns need to be filed?

Yes, annual compliances are mandatory regardless of business transactions or losses. Financial Statements must be filed with the ROC.

Can an OPC become a member of another Public Limited Company?

Yes, there is no restriction on an OPC becoming a member of another company.

What is the basic nature of an OPC?

An OPC is regarded as a Private Limited Company and can be formed as a company limited by share capital or by guarantee.

Is there a minimum paid-up capital requirement for an OPC?

There is no mandatory minimum paid-up capital requirement for an OPC under the Companies Act, 2013.

Can Non-Resident Indians (NRIs) incorporate an OPC?

No, only a natural person who is an Indian citizen and resident in India is eligible to incorporate an OPC.

Does an OPC need to hold Annual General Meetings (AGMs)?

No, an OPC is exempted from the requirement of holding an Annual General Meeting.

What are the tax rates for an OPC?

An OPC is taxed at the flat corporate tax rate applicable to domestic companies (typically 25% or 30%, subject to specific provisions and turnover).

Can an OPC carry out Non-Banking Financial Investment activities?

No, an OPC cannot carry out non-banking financial investment activities, including investment in securities of any body corporate.

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Meaning of One Person Company

A corporate entity for Single Founders

According to Section 2(62) of Companies Act, a one-person company is a business entity which has only one individual as its member. Therefore, an OPC can be defined as a company which has a single shareholder as its member.

OPC registration is a new concept that surpasses the limitations of resources, time and mediums to get more partners. It can be considered as the combination of a Company and a Sole proprietorship.

Rationale behind OPC

Empower your Entrepreneurial Dreams

An individual can easily transform their business idea into a corporate form with limited liability. The business can be solely carried out by the same person with limited resources.

There is no minimum paid-up share capital requirement under the Companies Act, 2013, and the company enjoys perpetual succession.

Matched to AIS, before the department checks

Your return is reconciled line-by-line with Form 26AS and AIS so TDS mismatches never come back as a notice. Filing is only done after you approve the summary.

With standard services vs With our expert team

Unlimited personal liability
No separate legal entity status
Difficult to raise funds
Low credibility with large clients
Business dissolves with the owner

Limited liability protection
Independent legal existence
Easier to raise capital
High credibility and trust
Perpetual succession

How it works

Share your documents

Upload Form 16 and answer a 5-minute questionnaire.
Talk to your expert

Your assigned CA confirms income, deductions and regime on a short call.
Approve the summary

Review the computation and refund estimate; nothing is filed without your OK.
We file & you relax

E-filing, e-verification help and the ITR-V acknowledgement in your inbox.

Comprehensive Guide to OPC Registration AY 2026-27, explained

One Person Company (OPC) registration is a new concept that enables a single individual to start a corporate entity with limited liability. Under the Companies Act 2013, a natural person who is an Indian citizen and resident can form an OPC.

You must nominate another individual to become the member in the event of death or incapacity. An OPC can be started with a minimum Authorized Capital of Rs. 1 lakh and there is no mandatory requirement for a minimum paid-up capital.

Compulsory conversion to a Private or Public Company is required if the paid-up share capital exceeds Rs. 50 Lakhs or the average annual turnover exceeds Rs. 2 Crores.

Documents you will need

PAN Card of Member/Director
ID Proof (Voter ID/Aadhar/Driving License)
Address Proof (Bank Statement/Utility Bill)
2 Passport Size Photographs
NOC from Property Owner for Office
Utility Bill for Registered Office

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Why choose us for this service

Limited Liability

Switched jobs? We merge employers correctly and fix double-counted slabs.

Independent Existence

Side income reported right, expenses claimed where eligible.

Less Tax Burden

Old vs new compared on your real numbers, not thumb rules.

Quicker Actions

We monitor your refund until it's credited.

Audit Exemption

Missed the deadline or made an error? We fix it.

Notice shield

Filing reconciled with AIS/26AS to prevent the most common notices.

Year-round access

Your expert stays reachable after filing, not just in July.

Standard OPC Registration honest pricing

Complete OPC incorporation package including government fees and expert support.

Single Form 16
HRA & standard deductions
Regime comparison
E-verification support

Everything in Salaried
Multiple Form 16s / job switch
House property & interest income
Capital gains up to 50 trades

Everything in Multi-income
Unlimited capital gains & ESOPs
Foreign income / assets schedule
Priority CA callback

Comprehensive Guide to OPC Registration why it pays to use an expert

One Person Company (OPC) registration is a new concept that enables a single individual to start a corporate entity with limited liability. Under the Companies Act 2013, a natural person who is an Indian citizen and resident can form an OPC.

You must nominate another individual to become the member in the event of death or incapacity. An OPC can be started with a minimum Authorized Capital of Rs. 1 lakh and there is no mandatory requirement for a minimum paid-up capital.

Compulsory conversion to a Private or Public Company is required if the paid-up share capital exceeds Rs. 50 Lakhs or the average annual turnover exceeds Rs. 2 Crores.

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Most returns are ready for your approval within 48 hours of document upload.

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A corporate entity for Single Founders

Empower your Entrepreneurial Dreams

Matched to AIS, before the department checks

With standard services vs With our expert team

How it works

Share your documents

Talk to your expert

Approve the summary

We file & you relax