Many people are aware that the concept of a One Person Company (OPC) has been around since the early 1990s. However, it gained significant attention when the Indian government introduced it in the Companies Act of 2013 through a separate section. As the name implies, a One Person Company is owned by a single individual, often referred to as a “One-Man Army.” For individuals seeking legal recognition for their business, an OPC offers a viable alternative to a Sole Proprietorship. Essentially, an OPC is a hybrid between a Sole Proprietorship and a company.

Only a natural person who is an Indian citizen and resident in India can incorporate an OPC. During the incorporation process, the sole director and shareholder must nominate a person to act as their nominee. This structure provides a head start for entrepreneurs aiming to achieve their business goals independently.

At Likyra Advisors, we specialize in guiding clients through the complexities of incorporating and managing an OPC. Our chartered accounting and tax consultancy services ensure that our clients navigate legal and regulatory requirements efficiently, enabling them to focus on growing their business with confidence.