What is an OPC?
A private company with only one shareholder, designed for solo entrepreneurs who want limited liability and corporate status.
Advantages
- Ideal for solo founders
- Single promoter structure
- Limited liability
- Structured compliance
- Suitable for individual entrepreneurs before scaling.
Promoters are called
- Shareholder (Member)
- Director
Structure Requirements
- Minimum Shareholders: 1
- Maximum Shareholders: 1
- Minimum Directors: 1
- Maximum Directors: 15
- Minimum Capital: No statutory minimum
- Maximum Capital: No limit
NRI / Foreign Participation
- NRI as Shareholder: Not permitted
- NRI as Director: Not permitted
- Foreign National Participation: Not permitted
- Foreign Funds: Not allowed
Meetings
- Board Meetings: Minimum 1 per half year
- Shareholder Meetings: Not mandatory (only one member)
Foreign Subsidiary Possibility
Foreign company cannot set up OPC as subsidiary.
Dividend Repatriation
Not applicable (as only resident shareholder allowed).
Remuneration
Director can draw salary
Statutory Compliance
- Maintain books of accounts
- Annual financial statements
- MCA filings (AOC-4, MGT-7A)
- Income tax filing
- GST Filing
Audit
Mandatory statutory audit every year.