Single Member Ownership

• An OPC can be formed by only one natural person who is both the owner and shareholder.
  
• The member must be an Indian citizen and resident in India.
  
• Only one OPC can be incorporated by a person at a time.
  
• The sole member holds full control over ownership decisions.
  
• The member is responsible for the capital contribution and operational direction.
  

Nominee Requirement

• The OPC must appoint one nominee at the time of incorporation.
  
• The nominee must be a natural person who is also a resident Indian citizen.
  
• The nominee takes over the company if the sole member dies or becomes incapacitated.
  
• Written consent of the nominee is required (in Form INC-3).
  
• The nominee can be changed at any time with proper procedure and filing.
  

Director Structure

• An OPC must have at least one director, who can also be the sole member.
  
• A maximum of fifteen directors can be appointed under the Companies Act, 2013.
  
• The director is responsible for managing the company’s day-to-day operations.
  
• If additional directors are appointed, they must fulfill director responsibilities and comply.
  
• There is no requirement to hold board meetings with only one director, but certain resolutions must still be recorded.
  

Registered Office and Capital

• The company must have a registered office address in India.
  
• This address is used for all legal and official communication.
  
• OPC must declare authorized and paid-up share capital at the time of registration.
  
• There is no minimum capital requirement, but paid-up capital must remain below ₹50 lakh to avoid conversion obligations.
  
• The capital is held by the sole member as shareholding.
  

Legal and Administrative Setup

• OPC is registered with the Ministry of Corporate Affairs (MCA) under the Companies Act.
  
• The company receives a Certificate of Incorporation, PAN, and TAN after registration.
  
• It has a Corporate Identification Number (CIN) and exists as a separate legal entity.
  
• Statutory registers, books of accounts, and annual filings are mandatory.
  
• All legal responsibilities rest with the member and director, including compliance and record-keeping.