One Person Company

One Person Company (OPC)

A One Person Company (OPC) is a business structure introduced by the Companies Act, 2013, allowing a single individual to enjoy the benefits of a corporate entity. Unlike a Private Limited Company, which requires at least two members, an OPC enables one person to hold 100% ownership and control. To ensure continuity, a nominee is appointed to take over the company in case of the owner’s death or incapacity. OPC registration is simple and can be done online.

Key Features of One Person Company (OPC)

• The OPC must operate under a legally registered name, with the phrase “One Person Company” included in the name.
• If the owner is unable to fulfill their contractual duties, a nominee must be designated in the Memorandum of the Company to take over, with prior written consent.
• A nominee can only be assigned to one OPC, and cannot serve as a nominee for multiple companies.

Why Choose One Person Company (OPC)?

An OPC is perfect for solo entrepreneurs who want the benefits of a corporation with minimal compliance. It offers limited liability protection, simple management, and full ownership control, making it a cost-effective and flexible business structure.