What is an OPC?#
One Person Company allows a single person to start a company with limited liability. Introduced to promote entrepreneurship.
Features#
- Single shareholder
- Separate legal entity
- Limited liability
- Mandatory nominee required
- Cannot raise public funds
Eligibility#
- Only one promoter
- Must be Indian resident
- Cannot have more than one OPC
- Cannot convert to OPC if:
- Turnover exceeds Rs 2 crore
- Paid-up capital exceeds Rs 50 lakh
Documents Required#
- PAN card
- Aadhaar card
- Passport size photos
- Address proof
- Registered office proof
- Nominee details
Registration Process#
- Get DSC
- Apply for DIN
- Reserve name
- File SPICe+ form
- Get certificate
- Apply for PAN/TAN
- Draft MOA
Nominee Requirement#
- Must appoint a nominee
- Nominee becomes member if promoter dies
- Written consent required
Cost & Timeline#
- Processing: 15-20 days
- Government fees: Rs 1,000-2,000
- Professional fees: Rs 5,000-10,000