Why is a nominee required?

The nominee ensures continuity by taking over the company if the sole member dies or becomes incapacitated.

Can an OPC raise equity funding?

An OPC cannot have multiple shareholders, so to raise equity it usually needs to convert into a private limited company first.

Is there a turnover limit for an OPC?

An OPC may be required to convert into a private or public company if it crosses prescribed thresholds; we advise as your business grows.

What compliance does an OPC have?

An OPC files its financial statements (AOC-4) and income-tax return, but is exempt from holding an AGM.

One Person Company — CorpRaasta

Overview

A One Person Company (OPC) lets a single entrepreneur enjoy the benefits of a corporate structure — limited liability and a separate legal identity — while retaining 100% ownership and control. Introduced under the Companies Act, 2013, it bridges the gap between a sole proprietorship and a private limited company.

Unlike a proprietorship, an OPC is a distinct legal entity, so the founder’s personal assets are protected from business liabilities. The structure requires a nominee who takes over the company in the event of the sole member’s death or incapacity, ensuring continuity.

CorpRaasta handles the complete OPC incorporation — DSC and DIN, name approval, MOA/AOA drafting with the nominee declaration, SPICe+ filing, and PAN/TAN — so a solo founder gets a fully compliant company without needing a second shareholder.

Startup — Handled end-to-end by CorpRaasta's CA & CS experts

What is One Person Company?

A One Person Company is a private company that has a single shareholder, with a nominee who succeeds to the shares on the member’s death or incapacity. It enjoys limited liability and a separate legal identity while being owned and controlled by one person.

Why it matters

For a solo founder, an OPC offers the credibility and asset protection of a company without the need to bring in a second shareholder, making it a strong upgrade from an unprotected proprietorship.

Key features

Single owner with 100% control

Limited liability and separate legal identity

Mandatory nominee for business continuity

Fewer compliance requirements than a Pvt Ltd

Easy conversion to a private company on growth

Who needs it

Solo founders wanting limited liability

Proprietors upgrading to a corporate structure

Consultants and single-owner businesses

Entrepreneurs without a co-founder

Owners wanting credibility with banks and clients

Documents required

PAN & Aadhaar of the owner and nominee

Passport-size photographs

Address proof of the owner

Registered office address proof + NOC

Latest utility bill of the office

Nominee consent (Form INC-3)

How it works

DSC & DIN

We obtain the Digital Signature and Director Identification Number for the sole director.

Name approval

The company name is reserved through SPICe+ with the MCA.

Documentation

We draft the MOA, AOA and the nominee declaration (INC-3).

SPICe+ filing

The incorporation form is filed along with PAN and TAN applications.

Incorporation

The Registrar issues the Certificate of Incorporation with CIN, PAN and TAN.

Benefits

Full ownership and control with one person

Limited liability protection

Separate, credible legal identity

Lower compliance than a private company

Business continuity through the nominee

Easy upgrade to a private limited company

HOW CORPRAASTA HELPS

What we do for you

Complete OPC incorporation, DSC and DIN

MOA, AOA and nominee documentation

PAN, TAN and bank-account assistance

Guidance on OPC annual compliance

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Frequently asked questions

Only a natural person who is an Indian citizen and resident in India can incorporate an OPC and be its nominee.

One Person Company