Lok Sabha Question No. 1986 (UNSTARRED), answered on 2022-12-19
Subject: One Person Companies
Ministry: CORPORATE AFFAIRS
Asked by: Rajiv Pratap Rudy

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UN-STARRED QUESTION NO. 1986

## ANSWERED ON MONDAY, 19 th  DECEMBER 2022/ AGRAHAYANA 28, 1944 (SAKA)

## ONE PERSON COMPANIES

## 1986. SHRI RAJIV PRATAP RUDY:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

- (a) the number of One-Person Companies (OPCs) that have been registered in India during the last four years, State-wise including Bihar;
- (b) whether it is a fact that despite existing advantages of OPCs, there is very little interest in the country for their formation;
- (c) whether the Government has any comparative data on the registration of OPCs between India, its neighboring countries and other developed countries such as USA and UK in the current year and if so, the details thereof; and
- (d) whether  the  Government  has  undertaken  any  awareness  campaigns  to  let  investors know the benefits of forming OPCs in India and if so, the details thereof?

## ANSWER

Minister  of  State  (Independent  Charge)  of  the  Ministry  of  Statistics  and  Programme Implementation; Minister of State (Independent Charge) of the Ministry of Planning and Minister of State in the Ministry of Corporate Affairs.

(Rao Inderjit Singh)

- (a)  As per the CDM (Corporate Data Management) database, There are 38876 One-Person Companies (OPCs) registered in India during the last four years upto 31/10/2022 and the Statewise details including Bihar is attached in Annexure-I.
- (b)  The number of OPCs in the Country has been growing over the years as can be seen in Annexure-I.
- (c)  The  comparative  data  of  OPC  of  neighboring  and  other  developed  countries  is  not maintained by the Ministry of Corporate Affairs (MCA).
- (d)   Yes, the Ministry of Corporate Affairs (MCA) vide Notification no. GSR 91 (E) dated 01 st February, 2021 incentivized the incorporation of One Person Companies (OPCs) by allowing OPCs  to  grow  without  any  restrictions  on  paid  up  capital  and  turnover,  allowing  their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non Resident Indians (NRIs) to incorporate OPCs in India.

Awareness in this regard has been created through seminars and other programmers organized by different organizations, including Professional Institutes [Institute of Chartered Accountants of India (ICAI), Institute of Cost and Works Accountants of India (ICWAI) and Institute of Company Secretaries of India (ICSI)] and the different Industry and Trade Associations.

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## Annexure - I

| S. No.      | State / U.T.        | FY 2018-19   | FY 2019-20   | FY 2020-21   | FY 2021-22   | 01/04/22 to 31/10/22   |   Total |
|-------------|---------------------|--------------|--------------|--------------|--------------|------------------------|---------|
| 1           | Andaman& Nicobar    | 3            | 1            | 2            | 14           | 3                      |      23 |
| 2           | Andhra Pradesh      | 200          | 194          | 261          | 321          | 169                    |    1145 |
| 3           | Arunachal Pradesh   | 1            | 5            | 2            | 8            | 1                      |      17 |
| 4           | Assam               | 71           | 72           | 106          | 141          | 78                     |     468 |
| 5           | Bihar               | 250          | 726          | 363          | 402          | 214                    |    1955 |
| 6           | Chandigarh          | 33           | 23           | 43           | 44           | 28                     |     171 |
| 7           | Chhattisgarh        | 42           | 62           | 80           | 87           | 66                     |     337 |
| 8           | Dadra &Nagar Haveli | 1            | -            | 5            | 1            | 4                      |      11 |
| 9           | Daman and Diu       | 2            | 2            | -            | 1            | 2                      |       7 |
| 10          | Delhi               | 717          | 779          | 860          | 963          | 522                    |    3841 |
| 11          | Goa                 | 39           | 43           | 45           | 45           | 32                     |     204 |
| 12          | Gujarat             | 199          | 192          | 319          | 373          | 178                    |    1261 |
| 13          | Haryana             | 273          | 295          | 396          | 480          | 262                    |    1706 |
| 14          | Himachal Pradesh    | 46           | 44           | 52           | 48           | 39                     |     229 |
| 15          | Jammu &Kashmir      | 51           | 71           | 94           | 104          | 67                     |     387 |
| 16          | Jharkhand           | 107          | 102          | 146          | 150          | 84                     |     589 |
| 17          | Karnataka           | 769          | 725          | 834          | 922          | 558                    |    3808 |
| 18          | Kerala              | 158          | 180          | 297          | 337          | 206                    |    1178 |
| 19          | Lakshadweep         | -            | -            | -            | -            | -                      |       0 |
| 20          | Leh and Ladakh      | -            | -            | 4            | 4            | 2                      |      10 |
| 21          | Madhya Pradesh      | 140          | 153          | 209          | 232          | 142                    |     876 |
| 22          | Maharashtra         | 1132         | 1275         | 1415         | 1646         | 916                    |    6384 |
| 23          | Manipur             | 10           | 19           | 14           | 21           | 13                     |      77 |
| 24          | Meghalaya           | 1            | 2            | 3            | 6            | 2                      |      14 |
| 25          | Mizoram             | 3            | 4            | 1            | 2            | 4                      |      14 |
| 26          | Nagaland            | -            | 5            | 6            | 6            | 3                      |      20 |
| 27          | Odisha              | 151          | 174          | 225          | 245          | 128                    |     923 |
| 28          | Puducherry          | 4            | 10           | 9            | 11           | 8                      |      42 |
| 29          | Punjab              | 87           | 82           | 86           | 115          | 83                     |     453 |
| 30          | Rajasthan           | 180          | 210          | 266          | 296          | 158                    |    1110 |
| 31          | Sikkim              | -            | -            | -            | -            | -                      |       0 |
| 32          | Tamil Nadu          | 435          | 470          | 624          | 740          | 448                    |    2717 |
| 33          | Telangana           | 393          | 454          | 580          | 617          | 397                    |    2441 |
| 34          | Tripura             | 12           | 14           | 15           | 17           | 7                      |      65 |
| 35          | Uttar Pradesh       | 666          | 767          | 961          | 1076         | 628                    |    4098 |
| 36          | Uttarakhand         | 66           | 79           | 98           | 100          | 70                     |     413 |
| 37          | West Bengal         | 273          | 346          | 482          | 507          | 274                    |    1882 |
| Grand Total | Grand Total         | 6515         | 7580         | 8903         | 10082        | 5796                   |   38876 |