Ask 4 Compliance | One Person Company
page-template,page-template-full_width,page-template-full_width-php,page,page-id-360,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode-title-hidden,qode_grid_1300,footer_responsive_adv,qode-theme-ver-11.0,qode-theme-bridge,wpb-js-composer js-comp-ver-4.11.1,vc_responsive


Drop Your Query!


The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Though a One Person Company allows alone Entrepreneur to operate a corporate entity with limited liability protection, an OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in case the sole Director is disabled.

Our team of highly qualified professionals at can help you to establish a more organised One Person Company to start your business as an individual corporate entity.

Process & Timeline

8-12 days

Professional Fees

Rs. 6000

(GST, Government Fees and other Out of Pocket Expenses Extra)

Pay Now!

Find Company Name Availability

Calculate Your Fees

Minimum Requirements, Terms and Restrictions to Establish an OPC

  • It shall have only 1 Shareholder.
  • Minimum 1 Director mandatory.
  • The director and the shareholder can be the same person.
  • The shareholder shall nominate someone else as nominee.
  • There is no minimum capital requirement to establish One Person Company.
  • OPC has to be suffixed with the name of the OPC to identify it as One Person Company.
  • Only an Indian resident or an Indian citizen is eligible to incorporate OPC and can become a nominee of the OPC.
  • An OPC cannot be converted or incorporates under Sec-8 of the Act.
  • An OPC cannot carry out Non-Banking Financial Activities.
  • An OPC cannot convert into any kind of company until its 2 years have expired from the date of its incorporation of OPC except when it exceeds the threshold limit of Rs. 50Lacs/2 Crores.
  • In case the paid up share capital of an OPC exceeds Rs. 50 Lacs or its average annual turnover of immediately preceding three consecutive financial years exceeds Rs. 2 Crores, then the OPC has to mandatorily convert itself into private or public company within 6 month of such event.


  • Single Promoter: One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability.
  • Uninterrupted Existence: A company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
  • Easy Transferability: Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.
  • Borrowing Capacity: Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.
  • Owning Property: A company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc.,  Further, the nominee director cannot claim any ownership of the company while serving as a nominee director.
  • No Criteria of Minimum Paid Up Capital: No minimum capital is required to start an “One Person Company”.


  • Passport size photographs of Director and Nominee Director: Two passport size photographs of Director and Nominee Director (JPEG format).
  • Proof of Identity of Director and Nominee Director: Self attested copy of Pan Card/Voters Identity Card/Aadhaar Card/Passport/Driving license.
  • Proof of residence of Individual: Self attested copy of Voters Identity Card/Aadhaar Card/Passport/Driving license/Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill.
  • E-Mail id and Mobile number: For the Director, Nominee Director and the OPC’s
  • Registered Office Address Proof
    • If Rented: Rent Agreement and utility bill likely electricity bill, telephone bill, etc. and No Objection Certificate from owner.
    • If Owned: Ownership proof, Receipt of Municipality tax paid etc. and No Objection Certificate from owner.

Free Consultation

Got questions? Request a call from an Ask 4 Compliance Business Advisor.