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A One Person Company (OPC) is a type of company in India introduced under the Companies Act, 2013, that allows a single individual to operate a corporate entity with limited liability. It’s ideal for solo entrepreneurs who want the benefits of a Private Limited Company but without needing a partner. A One Person Company is a company that has only one person as its member and shareholder, offering the legal benefits of a company with the simplicity of a sole proprietorship.
Protects the personal assets of the owner
Company can own assets, sue or be sued
Single person owns and manages everything
More structured than sole proprietorship, easier to get loans/investment
Nominee takes over in case of death/incapacity of owner
Must be a natural person, Indian citizen, and resident in India
Must appoint a nominee (also an Indian resident)
A person can incorporate only one OPC
For the Sole Director/Shareholder: