📌 What is an OPC?
A One Person Company (OPC) is a corporate structure introduced under the Companies Act, 2013, allowing a single entrepreneur to form a company with limited liability. Unlike a proprietorship, it offers separate legal identity, limited liability, and better credibility.
🎯 Benefits of OPC
- Limited liability protection for the single owner.
- Separate legal entity – business obligations don’t affect personal assets.
- Perpetual succession – nominee director takes charge if promoter is incapacitated.
- Easier funding and credibility compared to proprietorship.
- Conversion option into Private Limited when business grows.
👥 Eligibility
- Only one individual can be a shareholder.
- Only one director required (can also be the shareholder).
- Must appoint a nominee (resident Indian).
- Only resident Indians can incorporate OPC.
- Not permitted for NBFC, Section 8, or charitable activities.
📑 Documents Required
- PAN, Aadhaar, ID & address proof of shareholder and nominee.
- Passport-size photographs.
- Proof of registered office (ownership/rent agreement + utility bill).
- Digital Signature Certificate (DSC).
- Nominee’s consent form (INC-3).
⚙️ Process & Timeline (SPICe+)
- Obtain DSC of sole director/shareholder.
- Apply through SPICe+ form (INC-32) on MCA portal.
- Incorporation, PAN, TAN, EPF, ESIC registrations covered in one application.
- Issue of Certificate of Incorporation (COI) with Corporate Identity Number (CIN).
⏳ Timeline: 7–10 working days.
Service FAQs
No, only a resident Indian can incorporate OPC.
Yes, nominee appointment is mandatory for succession.
Yes, either voluntarily or compulsorily when turnover > ₹2 crore or paid-up capital > ₹50 lakh.
Yes, statutory audit is mandatory regardless of turnover.
No, only one person can hold shares. Conversion to Pvt Ltd is required for investors.
