Corporate limited liability for a single founder, without needing to find a second shareholder. A nominee is required, but takes no part in running the business.
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TIMELINE
MINIMUM MEMBERS
GOVERNED BY
BEST FOR
Name is checked against the MCA register and trademarks, then reserved. OPC names carry the OPC suffix.
You appoint a nominee who takes over the company if you die or become incapacitated. Their written consent is filed at incorporation.
MOA and AOA are drafted around your business objects and filed with SPICe+.
The Registrar issues the Certificate of Incorporation with CIN, PAN and TAN.
An OPC must convert to a Private Limited Company once paid-up capital exceeds 50 lakh or average annual turnover exceeds 2 crore over three consecutive years. If you expect to cross either threshold quickly, or expect to raise investment, registering a Private Limited from the start avoids a forced conversion later.
Any natural person who is an Indian citizen and resident in India. The nominee holds no shares and has no role in management unless the member dies or becomes incapacitated.
No. A person can be a member of only one OPC and a nominee in only one OPC at a time.
Not from equity investors, since it can have only one member. Bank lending and debt are available. Convert to a Private Limited before raising equity.
Yes. Every company incorporated under the Companies Act requires a statutory auditor, appointed within 30 days of incorporation, regardless of turnover.
Only a natural person who is an Indian citizen and resident in India can incorporate an OPC or act as nominee.
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