Parliament Question: One Person Companies

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS RAJYA SABHA UN-STARRED QUESTION NO. 1965 ANSWERED ON TUESDAY, March 10, 2026 QUESTION One Person Companies 1965. Shri Kartikeya Sharma Will the Minister of Corporate Affairs be pleased to state: (a) the number of One Person Companies (OPCs) incorporated in each of the last three years, along with sector-wise details and, if available, age profile of promoters; (b) whether representations have received regarding high compliance, filing and secretarial costs faced by newly incorporated OPCs, particularly digital and freelance enterprises; and (c) with the surge in digital entrepreneurship, whether the Ministry is planning a "Compliance- Lite" framework for OPCs, allowing young founders under 30 to focus on innovation rather than high secretarial costs during their first three years of incorporation? ANSWER MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS AND MINISTER OF STATE IN THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS (SHRI HARSH MALHOTRA) (a): The number of One Person Companies (OPCs) incorporated in each of the last three years along with sector-wise details is at Annexure. Consolidated Data on age profile of promoters is not available centrally. (b) & (c): Various relaxations from the provisions of the Companies Act, 2013 have been provided to One Person Companies including inter alia no minimum capital requirement for incorporation, appointment of Company Secretary is not required, attachment of cash flow statement in financial statements is not required, only one director can sign the Annual Return, etc. OPCs are also subject to lesser penalties in case of default in compliance. Requests/suggestions with respect to compliances including filing/costs are received from time to time. Further, the Ministry vide Circular dated 24.2.2026 has issued the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), wherein an opportunity has been given to companies to file delayed Annual Return and Financial Statements in the MCA Registry or to file for dormancy/closure, by paying lesser fees. ***ANNEXURE TO RAJYA SABHA UNSTARRED QUESTION NO.1965 ANSWERED FOR 10TH MARCH 2026 NUMBER OF ONE PERSON COMPANIES INCORPORATED (SECTORWISE) Sector /Year 2022-23 2023-24 2024-25 Community, personal & Social Services 251 3520 3532 Trading 234 2117 2537 Business Services 398 2257 2341 Transport, storage and Communications 61 590 686 Construction 80 509 545 Real Estate and Renting 62 325 325 Manufacturing (Metals & Chemicals, and products thereof) 49 322 294 Manufacturing (Food stuffs) 37 259 208 Manufacturing (Machinery & Equipments) 38 218 231 Agriculture and Allied Activities 31 163 158 Manufacturing (Textiles) 17 157 133 Manufacturing (Others) 17 133 132 Electricity, Gas & Water companies 2 59 66 Finance 10 81 67 Manufacturing (Paper & Paper products, Publishing, printing and reproduction of recorded media) 16 56 47 Manufacturing (Leather & products thereof) 1 22 27 Mining & Quarrying 7 17 28 Manufacturing (Wood Products) 2 8 9 Grand Total 1313 10813 11366