OPC stands for One Person Company — it’s a type of private company in India that allows a single individual to own and run a company with limited liability. It was introduced under the Companies Act, 2013 to encourage solo entrepreneurs to formalize their businesses.
It is registered with only one shareholder/member. But is has a separate legal entity status, which means the company can own property, sue, or be sued in its own name.
Registration process is similar to private limited company.
OPC can be converted to Pvt Ltd. after 2 years or when turnover exceeds ₹2 crore or paid-up capital crosses ₹50 lakh.
