A One Person Company (OPC) lets a single individual run a company with limited liability and a separate legal identity — a middle ground between a proprietorship and a full private limited company.
This guide explains OPC eligibility, the nominee requirement, and the registration process.
What is One Person Company (OPC) Registration?
An OPC has just one shareholder, who must appoint a nominee to take over in case of the member's death or incapacity. Only a resident Indian individual can form an OPC.
Incorporation is via SPICe+, similar to a private limited company.
| Shareholders | 1 (with a nominee) |
|---|---|
| Directors | Minimum 1 |
| Nominee | Mandatory |
| Eligibility | Resident Indian individual only |
Frequently asked questions
Why does an OPC need a nominee?
The nominee steps in as the member if the sole owner dies or becomes incapacitated, ensuring continuity.
Can an OPC convert to a private limited company?
Yes, voluntarily or on crossing prescribed thresholds it can convert into a private limited company.