What sets us apart?1000+ companies incorporated
30+ years in business
300+ trusted reviews
1000+ companies incorporated
30+ years in business
300+ trusted reviews
1000+ companies incorporated
30+ years in business
300+ trusted reviews
1000+ companies incorporated
30+ years in business
300+ trusted reviews
Register Your One
Person Company in India
Enjoy a hassle-free online registration experience ideal for individual entrepreneurs wanting a registered company setup.
What will you get:
- Company Name Approval
- 1 DIN (Director identification Number)
- Certificate of Incorporation
- Company PAN & TAN, MoA & AoA
- 2 Digital Signature
- ESI Registration & PF Registration
Start your company with 1 Director now.
Brands that trust us
Over 1000+ companies incorporated in last 30 years
Right Plan for Your Business
Business setup made simple. Just as it should be
₹999
- Name Application Fee
- Instant Filing
- 4 Name Choice
₹2,999
- MCA Name Approval
- Company Incorporation
- MOA & AOA Drafting
- 1 DINs for Directors
- PAN & TAN Registration
- ESI & PF Registration
Don't just take our word for it.
Hear why countless entrepreneurs
choose Taxocity.
Starting a business in India can feel overwhelming with so many legal and compliance requirements — but Taxocity made it look easy. From the very beginning, they guided me through every step. Thank you, Taxocity, for making business setup so seamless!
Aromatics India Pvt. Ltd.
Got my company incorporated with the help of Taxocity. The entire process was handled professionally, and they kept me updated at every step. Highly recommended.
Head of Finance, Hugel Infra Pvt. Ltd.
Highly recommended! I used Taxocity for my ITR filing this year and the process was super smooth. The team was responsive and cleared all my doubts quickly. Filing taxes has never been this stress-free!
We engaged Taxocity for end-to-end company incorporation. The team demonstrated exceptional domain knowledge throughout the incorporation process. Their support didn’t end at incorporation; we have since retained them for ongoing statutory compliance.
PCI Infra projects Pvt. Ltd.
Starting a business in India can feel overwhelming with so many legal and compliance requirements — but Taxocity made it look easy. From the very beginning, they guided me through every step. Thank you, Taxocity, for making business setup so seamless!
Aromatics India Pvt. Ltd.
Got my company incorporated with the help of Taxocity. The entire process was handled professionally, and they kept me updated at every step. Highly recommended.
Head of Finance, Hugel Infra Pvt. Ltd.
Highly recommended! I used Taxocity for my ITR filing this year and the process was super smooth. The team was responsive and cleared all my doubts quickly. Filing taxes has never been this stress-free!
We engaged Taxocity for end-to-end company incorporation. The team demonstrated exceptional domain knowledge throughout the incorporation process. Their support didn’t end at incorporation; we have since retained them for ongoing statutory compliance.
PCI Infra projects Pvt. Ltd.
Starting a business in India can feel overwhelming with so many legal and compliance requirements — but Taxocity made it look easy. From the very beginning, they guided me through every step. Thank you, Taxocity, for making business setup so seamless!
Aromatics India Pvt. Ltd.
Got my company incorporated with the help of Taxocity. The entire process was handled professionally, and they kept me updated at every step. Highly recommended.
Head of Finance, Hugel Infra Pvt. Ltd.
Highly recommended! I used Taxocity for my ITR filing this year and the process was super smooth. The team was responsive and cleared all my doubts quickly. Filing taxes has never been this stress-free!
We engaged Taxocity for end-to-end company incorporation. The team demonstrated exceptional domain knowledge throughout the incorporation process. Their support didn’t end at incorporation; we have since retained them for ongoing statutory compliance.
PCI Infra projects Pvt. Ltd.
Starting a business in India can feel overwhelming with so many legal and compliance requirements — but Taxocity made it look easy. From the very beginning, they guided me through every step. Thank you, Taxocity, for making business setup so seamless!
Aromatics India Pvt. Ltd.
Got my company incorporated with the help of Taxocity. The entire process was handled professionally, and they kept me updated at every step. Highly recommended.
Head of Finance, Hugel Infra Pvt. Ltd.
Highly recommended! I used Taxocity for my ITR filing this year and the process was super smooth. The team was responsive and cleared all my doubts quickly. Filing taxes has never been this stress-free!
We engaged Taxocity for end-to-end company incorporation. The team demonstrated exceptional domain knowledge throughout the incorporation process. Their support didn’t end at incorporation; we have since retained them for ongoing statutory compliance.
PCI Infra projects Pvt. Ltd.
One Person Company
Advantages
Features
Privileges
Requirements
Documents
Process
Compliance
Taxability
Simplifying
FAQ
Overview
A One Person Company (OPC) is an ideal business structure for individual entrepreneurs in India who seek the benefits of a registered company while enjoying the simplicity of a single-owner entity. An OPC allows a single individual to form and operate a business with the advantage of limited liability protection, which shields personal assets from business liabilities. This structure is particularly suited for small businesses and startups, combining the simplicity of a sole proprietorship with the liability protection of a private limited company.
The OPC registration process is straightforward but involves specific steps to comply with Indian legal standards. First, you need to choose a unique business name and submit it for approval through the Ministry of Corporate Affairs (MCA) portal via the SPICe (Simplified Proforma for Incorporating Company Electronically) form. This is followed by preparing and submitting the essential company documents—namely, the Memorandum of Association (MoA) and Articles of Association (AoA)—which define the company’s objectives and operational guidelines as required by the Companies Act, 2013.
Advantages of a One Person Company
A One Person Company (OPC) offers limited liability protection, ensuring the owner’s personal assets are not at risk. It also provides a separate legal identity, enhancing the credibility and continuity of the business. Here are the advantages of one person company
Business Operation Benefits
- •Full Control: As the sole owner and director, the individual has complete control over the company’s operations and decisions.
- •Ease of Management: With fewer regulatory requirements, OPCs are simpler to manage compared to other company structures.
- •Flexibility: OPCs can easily convert to other types of companies as the business grows, providing flexibility for future expansion.
Legal and Compliance Advantages
- •Limited Liability Protection: The owner’s personal assets are protected, as their liability is limited to the capital invested in the company.
- •Separate Legal Entity: OPCs have a distinct legal identity and a simple business structure enabling them to enter into contracts, own property, and initiate legal proceedings in their own name.
- •Fewer Compliance Requirements: OPCs are exempt from several compliance obligations that apply to other company forms, such as holding annual general meetings, having fixed minimum capital requirements and is best suitable for small business.
Funding and Succession Planning
- •Increased Credibility: Being a registered company, OPCs often find it easier to secure funding from banks and financial institutions.
- •Succession Planning: The nominee director ensures business continuity in case of the owner’s death or incapacity, providing a clear succession plan.
Features of a One Person Company
A one-person company (OPC) allows a single entrepreneur to operate a corporate entity with limited liability protection, ensuring personal assets are safeguarded. It simplifies compliance and administrative requirements, making it easier for solo entrepreneurs to manage their businesses. Here is a list of the features of a one-person company
- •Single Ownership: An OPC is formed by a single person, who is both the shareholder and director.
- •Limited Liability: The liability of the member is limited to their shares, protecting personal assets.
- •Perpetual Succession: An OPC can continue its existence even after the death or incapacity of the owner, through the nomination of another person.
- •Separate Legal Entity: An OPC is a distinct legal entity from its owner, allowing it to own property, sue, and be sued in its own name.
- •Minimum Compliance: OPCs have fewer compliance requirements compared to other types of companies, making them easier to manage
Privileges of One-Person Companies
Registering as a one person company provides many added advantages and functioning ease. Here are some privileges of an one person company
- •Simplified Annual Returns Filings: OPCs are required to file fewer documents with the Registrar of Companies.
- •Exemptions from Holding Annual General Meetings (AGMs): OPCs are not required to hold AGMs, simplifying their operational processes.
- •Access to Loans: Banks and financial institutions are more likely to offer loans to OPCs due to their formal structure and limited liability.
Legal Status and Ownership Structure
A One Person Company enjoys a unique legal status, distinguishing it from sole proprietorships. The ownership structure of an OPC allows for a single individual to control the entire company but with the added benefit of having a nominated successor. This ensures continuity and stability for the business, even in unforeseen circumstances.
Registration Requirements
For One Person Company (OPC) registration a single individual is required as the sole shareholder and director, with a nominee appointed in case of the shareholder’s incapacity. Here are some One Person Company Registration Requirements.
Eligibility Criteria
Single Shareholder
Only a natural person, who must be an Indian citizen and resident, can incorporate an OPC.
Nominee Director
The sole shareholder must nominate a person who will take over in case of their death or incapacity.
Not a Minor
The individual incorporating the OPC cannot be a minor.
Capital Requirement
The minimum authorised capital for incorporating OPC is ₹1 lakh but there is no minimum paid-up capital requirement.
Roles of Directors and Shareholders
Sole Director
A sole member can also act as the sole director of the company.
Nominee Director
The nominee director steps in if the sole shareholder is unable to continue due to death or incapacity.
Director’s Duties:
Directors must comply with statutory duties and obligations as outlined in the Companies Act of 2013.
Ready to start your one person company?
Get expert help today.
India’s highest-rated legal tax and compliance platform.
Documents Required
Here is the list of documents required for OPC registration in India:
- •Director's PAN Card: Copy of the PAN card of the sole shareholder and nominee director.
- •Identity Proof: Aadhar card, Driving License, voter ID, or passport of the sole shareholder and nominee director.
- •Address Proof: Latest utility bills, such as water or electricity bill, Mobile Bill or bank statements of the sole shareholder and nominee director.
- •Registered Office Address Proof: Rent agreement and a no-objection certificate (NOC) from the property owner, or utility bills if the property is owned.
- •Passport-Size Photographs: Recent passport-sized photographs of the sole shareholder and nominee director.
- •Memorandum of Association (MOA): A document outlining the company’s objectives and business activities.
- •Articles of Association (AOA): A document detailing the rules and regulations governing the company’s internal management.
Registration Process
TaxoCity provides a streamlined process for registering a One Person Company (OPC) in India.
Step 1: Consultation
- •Initial consultation to understand the business requirements, government fees and eligibility criteria for OPC registration
Step 2: Documentation
- •Assistance in gathering and preparing all necessary documents, including identity proof, Aadhaar Card, address proof, No Objection Certificate and registered office proof like utility bill
Step 3: DIN and DSC Application
- •Filing for Director Identification Number (DIN) and Digital Signature Certificate (DSC) for the sole shareholder.
Step 4: Name Approval
- •Our team will help you register a unique name for your company. We will check for name availability and submit the proposed company name for name reservation through the Ministry of Corporate Affairs MCA portal.
Step 5: MOA and AOA Drafting
- •Drafting the Memorandum of Association (MOA) and Articles of Association (AOA) in compliance with legal standards.
Step 6: Filing Forms
- •Filing the required forms (INC-32, INC-33, and INC-34) with the Registrar of Companies (ROC).
Step 7: Incorporation Certificate
- •Receiving the Certificate of Incorporation from the ROC, signifying OPC company incorporation.
Step 8: PAN and TAN Application
- •Assistance in applying for the company’s PAN and TAN.
Step 9: Post-Incorporation Support
- •Guidance on post-incorporation compliance, trademark registration, professional tax, income tax returns, Company secretary appointment and other legal requirements.
One Person Company (OPC) Compliance
Government Regulations Affecting OPCs: OPCs must adhere to several government regulations to maintain their legal status and operate smoothly. These regulations include annual filings, tax compliance, and adherence to corporate governance norms as outlined by the Companies Act of 2013.
Importance of Annual Compliances
Legal Standing
Ensuring compliance maintains the legal standing of the OPC and avoids penalties.
Business Credibility
Regular compliance enhances the company’s credibility with stakeholders, including customers, investors, and financial institutions.
Operational Efficiency
Staying compliant helps in smooth business operations and avoids disruptions due to legal issues.
Benefits of One Person Company Compliances
Avoid Penalties
Timely compliance prevents fines and penalties imposed by regulatory authorities.
Enhanced Reputation
A compliant company is perceived as reliable and trustworthy by clients and partners.
Access to Funding
Compliance increases the chances of securing loans and investments from financial institutions and investors.
Mandatory Annual Compliances
Annual Return (Form MGT-7)
Filing the annual return within 60 days from the date of the Annual General Meeting (AGM).
Income Tax Return
Filing the company's income tax return by 30th October of the assessment year.
Board Meetings
Conducting at least one board meeting every six months.
Statutory Audit
Conducting an audit of financial statements by a Chartered Accountant.
Financial Statements (Form AOC-4)
Filing the financial statements, including the balance sheet and profit and loss account, within 180 days from the end of the financial year.
Annual Return (Form MGT-7)
Filing the annual return within 60 days from the date of the Annual General Meeting (AGM).
Financial Statements (Form AOC-4)
Filing the financial statements, including the balance sheet and profit and loss account, within 180 days from the end of the financial year.
Income Tax Return
Filing the company's income tax return by 30th September of the assessment year.
Statutory Audit
Conducting an audit of financial statements by a Chartered Accountant.
Board Meetings
Conducting at least one board meeting every six months.
Legal Implications of Non-Compliance
Penalties and Fines
Non-compliance can result in hefty fines and penalties imposed by the MCA and other regulatory authorities.
Legal Actions
Persistent non-compliance may lead to legal actions, including the possible dissolution of the company.
Director Disqualification
The directors of the company may face disqualification from holding directorships in other companies.
Documents Required for the Annual Compliance
- •Financial Statements: Balance sheet, profit and loss account, and cash flow statement.
- •Audit Report: Report prepared by the statutory auditor.
- •Board Meeting Minutes: Records of the minutes of board meetings held during the year.
- •Annual Return: Detailing the company’s annual performance.
- •Income Tax Return Acknowledgment: Proof of filing the income tax return.
Compliance Due Date
By following these guidelines and maintaining compliance, one-person companies can ensure smooth operations and avoid legal complications.
Taxability of OPCs in India
One-person companies (OPCs) in India are subject to various tax obligations similar to other corporate entities. However, they also enjoy certain benefits
Corporate Tax
Filing the annual return within 60 days from the date of the Annual General Meeting (AGM).
Tax Deductions
OPCs can avail of various deductions under the Income Tax Act, such as depreciation on assets, business expenditures, and specific allowances.
Dividend Distribution Tax (DDT)
OPCs must pay DDT on any dividends distributed to shareholders.
Goods and Services Tax (GST):
If the annual turnover exceeds ₹20 lakhs, OPCs must register for GST and comply with GST filing requirements
Specific Tax Provisions Applicable to OPCs
- •Income Tax Rates OPCs are taxed at a flat rate of 22% plus applicable surcharge and cess for domestic companies not claiming any exemptions or incentives. For those claiming exemptions, the rate is 30%.
- •MAT (Minimum Alternate Tax): OPCs are subject to MAT, which is levied at 15% of the book profits (as per the Income Tax Act), plus surcharge and cess.
- •Tax Audit: OPCs must undergo a tax audit if their turnover exceeds ₹1 crore (for businesses) or ₹50 lakhs (for professionals).
How TaxoCity Helps in Simplifying the One Person Company Registration Process?
TaxoCity offers comprehensive services to simplify the OPC registration process, ensuring a hassle-free experience for entrepreneurs:
Expert Consultation
We provide professional consultation to help understand the specific requirements and benefits of registering an OPC.
Documentation Assistance
We assist in the preparation and collection of all necessary documents, ensuring compliance with legal standards.
DIN and DSC Application
We help in obtaining the Director Identification Number (DIN) and Digital Signature Certificate (DSC) required for the registration process.
Name Approval
We manage the entire process of name approval with the Ministry of Corporate Affairs (MCA), ensuring that the proposed name meets all legal criteria.
MOA and AOA Drafting
We draft the Memorandum of Association (MOA) and Articles of Association (AOA), tailoring them to the specific needs of the business.
Filing with ROC
We handle the filing of required forms (INC-32, INC-33, and INC-34) with the Registrar of Companies (ROC), ensuring all legal requirements are met.
Incorporation Certificate
We assist in obtaining the Certificate of Incorporation, signifying the official formation of the OPC.
PAN and TAN Application
We facilitate the application for the company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Post-Incorporation Support
We offer ongoing support for post-incorporation compliance, helping businesses maintain their legal standing and operational efficiency.
Frequently Asked Questions
Why choose Taxocity?
Your trusted partner in business compliance and growth, empowering entrepreneurs with seamless legal, tax, and regulatory solutions since 1975.
With nearly three decades of experience, TaxoCity has evolved from a traditional tax consulting firm to a comprehensive business ecosystem. We’ve helped thousands of entrepreneurs transform their ideas into legally compliant, thriving enterprises while staying ahead of regulatory changes.
We believe complex compliance shouldn’t be a barrier to entrepreneurship. Our mission is to make business formation accessible, affordable, and transparent for everyone. Driven by integrity, expertise, and customer-centricity, we provide strategic guidance that supports your long-term success.
We offer a connected ecosystem that supports your entire business journey—from company registration and trademark protection to ongoing tax compliance and growth support. Our integrated team of experts provides holistic solutions that save time and ensure 100% compliance.
Get fast, affordable one person company registration with complete CA support. Start now.
India’s highest-rated legal tax and compliance platform.