Rules for Incorporation of One Person Company

Only One Person Needed

Only one person can incorporate an OPC

Indian Citizenship Required

Individual must be a resident of India and an Indian citizen

Nomination Necessary

Individual must nominate a nominee who will become owner in case of death or disability of original owner

Registration is a Must

OPC must be registered as a private limited company and have "OPC" mentioned in its name

Maintain Records and Audit

OPC must maintain proper books of accounts and undergo an annual audit