Overview
Turn your business dream into a legally recognised company—without the need for partners.
If you’re a solo entrepreneur aiming to build a scalable and credible business, One Person Company (OPC) is your perfect launchpad. At FastTrack FinTax, we simplify the OPC registration process with expert legal & accounting guidance, zero hidden charges, and fastest approvals.
A One Person Company (OPC) is a type of corporate entity introduced under the Companies Act, 2013, allowing a single individual to enjoy the benefits of a private limited company—limited liability, separate legal identity, and perpetual succession.
It is ideal for solopreneurs, freelancers, small business owners, and professionals wanting to operate as a structured corporate entity without bringing in additional shareholders.
Who is Liable for One Person Company Registration?
To register an OPC in India, you must meet the following eligibility criteria:
- Only a natural person (not a company/NRI) can incorporate an OPC.
- Must be an Indian citizen and resident in India (stayed in India for at least 120 days in the last financial year).
- The same person can act as both Director and Shareholder.
- A Nominee (also an Indian resident) must be appointed during incorporation.
Advantages of One Person Company
- Separate Legal Entity
OPC enjoys corporate status—enhancing credibility and allowing easier business expansion. - 100% Control by Single Founder
Run your business without interference, partners, or disputes. - Easy Funding Opportunities
Banks, NBFCs, and investors prefer OPCs due to better compliance and financial reporting. - Suitable for Small to Medium Scale Businesses
Perfect for consultants, traders, professionals, and startups. - Less Compliance than Private Limited Company
Simplified annual filings and exemptions under the Companies Act.
For One Person Company (OPC)
With FastTrack FinTax, your OPC registration becomes quick, accurate, and stress-free.
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Comparison: OPC vs LLP vs Private Limited vs Proprietorship
| Feature | OPC | LLP | Private Limited Company | Proprietorship |
|---|---|---|---|---|
| Ownership | 1 Person | 2 Partners | 2–200 Shareholders | Single Owner |
| Liability | Limited | Limited | Limited | Unlimited |
| Compliance | Moderate | Low | High | Minimal |
| Ideal For | Solo founder | Professionals | Startups & scalable businesses | Small traders |
| Fundraising | Moderate | Moderate | High | Very Low |
| Registration Cost | Low–Moderate | Low | Moderate | None |
Documents Required for Registration of One Person Company
For Director & Nominee
- PAN card
- Aadhaar card
- Photograph of applicant
- Mobile number & Mail id
For Registered Office
- Electricity bill / Rent agreement / NOC from owner
Process for Registration of One Person Company
At FastTrack FinTax, we make OPC registration smooth and simplified:
- Step 1: Free Consultation & Name Check-
We help you select a unique and legally compliant company name. - Step 2: Digital Signature Certificate (DSC)-
DSC for Director & Nominee is obtained. - Step 3: Director Identification Number (DIN)-
We apply for DIN during incorporation. - Step 4: Drafting of MOA & AOA-
Company’s objectives and rules are drafted professionally. - Step 5: Filing with MCA-
Submission of SPICe+ Form along with all required documents. - Step 6: Certificate of Incorporation Issued. Once approved, you receive:
-COI (Certificate of Incorporation)
-PAN & TAN of Company
-Company Master Data - Step 7: Opening Bank Account-
We assist with corporate bank account opening.
Government Fees & Time Limit for OPC Registration
- Government Fees: Government fees vary based on:
-State of registration
-Authorised capital (Usually up to ₹1 lakh is minimal)
On average, ₹2,000 – ₹7,000 is paid as government charges. - Time Required: The entire process typically takes:
– 7–10 working days (if documents are correct and MCA approvals smooth).
After Registration Compliance for One Person Company
As an OPC, the following compliances are mandatory:
- Appointment of Auditor (within 30 days)
- Filing of AGM & Annual Returns (AOC-4, MGT-7A)
- Income Tax Return filing
- DIR-3 KYC for Director
- Maintenance of Books of Accounts
- Statutory Registers & Minutes
- GST filing (if applicable)
FastTrack FinTax provides full compliance management with reminders & dedicated support.
Penalty for Non-Compliance under One Person Company
Failure to comply with MCA regulations may result in:
- Penalties ranging from ₹10,000 to ₹1 lakh
- Additional daily fines for continued delays
- Disqualification of director in severe cases
- Legal action under Companies Act, 2013
Why Trust FastTrack FinTax for One Person Company Registration?
- Experienced CA, CS & Legal Team
- Transparent Pricing – No Hidden Charges
- Fastest MCA Approval & End-to-End Support
- Expert Guidance on Tax Planning & Compliance
- Dedicated Relationship Manager
- Trusted by 1,000+ Entrepreneurs & Professionals
At FastTrack FinTax, we don’t just register your company—
we help build its financial foundation, legal stability, and long-term growth strategy.
Conclusions
A One Person Company (OPC) is the smartest and safest way for a solo entrepreneur in India to operate with corporate benefits. If you want limited liability, recognition, funding opportunities, and structured compliance—OPC is a perfect fit.
With FastTrack FinTax, your OPC registration becomes quick, accurate, and stress-free.
Frequently Asked Questions
Only one person is needed as Director & Shareholder, plus one nominee.
No, only Indian citizens and residents can register an OPC.
There is no minimum capital requirement. You can even start with ₹1.
Yes, compulsory conversion occurs when turnover exceeds ₹20 crore or paid-up capital exceeds ₹2 crore.
Yes, statutory audit by a Chartered Accountant is mandatory.
Yes, OPC can be registered online from anywhere in India.