Register your One Person Private Limited at Rs 9500. One Person Company (OPC) is a type of business introduced by the Companies Act, 2013. It is a hybrid business model where a sole ownership concern gets a corporate standpoint, combining the benefits of sole proprietorship and a corporate entity.
It has just a single individual as a member who acts as both director and shareholder. This eliminates the hassle of finding partners to start a registered business. The best part is, legal and financial liability is limited to the company, not the individual.
An individual, who is an Indian resident and citizen, is eligible to form a One Person Company.
Must have at least one director. The sole shareholder can also be the sole director. The company can have up to a maximum of 15 directors.
A One Person Company can be started with any amount of capital. If the paid-up capital exceeds ₹50 lakhs, the OPC must be converted into a private limited company.
Like a private limited company, an OPC can raise funds through loans, financial institutions, and angel investors. It can evolve into a private limited company to access larger funding.
OPCs have fewer compliance requirements compared to private limited companies, allowing more focus on core business areas.
This enables quicker decision-making and implementation. However, the owner can appoint up to 15 directors to handle administrative functions.
OPC is suitable for individuals. Once the paid-up capital exceeds ₹50 lakhs or turnover exceeds ₹2 crores, the OPC must be converted into a private limited company.
© Copyright 2025. All Right Reserved Crafted by DoozyInfo ❤