- +91-9311795484
- info@taxhint.in
- NIT 5E-1 Kotak Mahindra Bank First Floor, Neelam Chowk, Faridabad, Haryana 121001, IND
Start your business with limited liability protection and complete control. Expert OPC registration & compliance support from TaxHint Advisors.
An OPC is a business structure introduced under the Companies Act, 2013 that allows a single entrepreneur to operate a company with limited liability. It combines the benefits of a sole proprietorship with the advantages of a private limited company.
Only one member required to start and manage the company.
Personal assets protected from business debts.
Why entrepreneurs choose One Person Company structure
Your personal assets remain protected even if the business faces financial difficulties.
Attract investors, venture capital, and bank loans more easily than sole proprietorships.
Enhances trust among clients, vendors, and financial institutions.
Fewer regulatory requirements compared to private limited companies.
The business continues even after the owner's demise through the nominee.
Eligible for various tax deductions under the Income Tax Act.
Simple 6-step process to register your One Person Company
Required for online filings of the director.
Mandatory identification number for the company director.
Submit two proposed names with the MCA for approval.
Submit MoA, AoA, and nominee consent (Form INC-3).
ROC issues the Incorporation Certificate with PAN & TAN.
Open bank account, register for GST (if applicable), and begin filings.
| Compliance Requirement | Due Date | Form/Details |
|---|---|---|
| Annual Return Filing | Within 60 days of AGM | Form MGT-7 |
| Financial Statements | Within 30 days of AGM | Form AOC-4 |
| Income Tax Return (ITR) | July 31 (if no audit) | ITR-6 |
| Tax Audit (if turnover > ₹1 Cr) | September 30 | Form 3CD |
| Board Meetings | Minimum 2 per year (90-day gap) | Minutes Book |
| Statutory Audit | Annually | Form ADT-1 |
Yes, if the paid-up capital exceeds ₹50 lakhs or annual turnover crosses ₹2 crores, conversion to a Private Limited Company is mandatory as per Companies Act regulations.
Yes, as per the 2021 amendment to the Companies (Incorporation) Rules, NRIs are now permitted to form an OPC in India.
Yes, an OPC offers significant advantages over a sole proprietorship including limited liability protection, better credibility with clients and investors, and easier access to funding. However, compliance requirements are slightly higher than a proprietorship.
The nominated member takes over the business, ensuring continuity of operations. This is one of the key advantages of OPC over sole proprietorship.
An OPC must have minimum 1 director and can have maximum 15 directors. The sole member can also be the sole director.
Our experts at TaxHint Advisors will guide you through the entire process from registration to compliance.
Welcome To Taxhint Advisors Private Limited
