Eligibility Criteria for the Nominee The nominee must be a natural person (not a company or legal entity). Must be an Indian citizen. Must be a resident in India, meaning they have stayed in India for at least 120 days during the preceding financial year. The nominee...

Based on the Nature of Liability Limited by Shares: Most common form; liability is limited to the amount unpaid on the shares held by the sole member. Limited by Guarantee: Liability is limited to a predetermined amount guaranteed by the member, usually applicable in...

Government Filing Fees The government fee for SPICe+ (INC-32) form filing depends on the company's authorized capital. For authorized capital up to ₹1 lakh, the government fee is exempt. For capital above ₹1 lakh, a nominal fee is charged based on slab rates (e.g.,...

Documents of the Member and Nominee PAN Card of the member and nominee is mandatory for identification. Aadhaar Card or any government-issued photo ID (such as voter ID or passport) is required. Passport-size photographs of both the member and nominee are needed....

Prohibited Financial Activities OPCs cannot carry out Non-Banking Financial Investment (NBFI) activities. They are barred from activities like lending, investment in securities, and financing businesses. OPCs cannot operate as a Chit Fund, Nidhi Company, or NBFC. They...

Eligible Person Only a natural person is allowed to form an OPC. The person must be an individual, not a company or legal entity. The individual must act as the sole member and shareholder. Artificial persons such as firms, LLPs, or corporate bodies are not eligible....

Ownership Restrictions Only one person is allowed to form and own an OPC, limiting collaborative opportunities. A person can incorporate only one OPC and cannot be a nominee in another. Foreign citizens, non-resident Indians, and legal entities cannot form an OPC. The...

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...

Legal Recognition and Status OPC has a separate legal identity, unlike a sole proprietorship, where the owner and business are one. The company can sue and be sued in its name, improving legal clarity. Ownership of property and contractual rights is vested in the...

Restriction on Ownership Only a natural person who is an Indian citizen and resident can incorporate an OPC. A person can form only one OPC at a time. Foreign nationals or non-resident Indians are not allowed to incorporate an OPC. Body corporates such as companies or...