Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Who is eligible
A One Person Company can be formed only by a natural person (not a company or LLP) who is an Indian citizen and resident in India. Recent reforms have relaxed the residency period and opened OPCs more to NRIs — so the rules here have eased. Confirm the current citizenship/residency conditions.
One OPC, and a nominee
An individual can be the member of only one OPC at a time (and can be the nominee of only one). The member must appoint a nominee — another eligible individual — who will step in if the member dies or becomes incapacitated, ensuring the company continues. The nominee’s written consent is filed at incorporation.
A worked example
Example: a resident Indian freelancer forms an OPC and names her sister as nominee. She cannot simultaneously start a second OPC — for another venture she’d use a different structure. If she ever moves abroad permanently or takes a partner, she’d review whether to convert. The single-OPC and nominee rules are the distinctive features to plan around. Our team can register the OPC.