One Person Company (OPC) (OPC) — Glossary

◈Definition

A One Person Company, introduced by the Companies Act 2013, allows a single individual to incorporate a limited-liability company. The sole shareholder must be an Indian citizen and resident and must nominate a successor who will take over if the owner dies or becomes incapacitated. Once an OPC crosses certain turnover (₹2 crore) or paid-up capital (₹50 lakh) thresholds, it must convert to a Private or Public Limited Company.

◉See also

Private Limited Company (PTC)(PTC)
The default legal form for Indian companies — limited liability, restricted share transfer, 2–200 members.
Public Limited Company (PLC)(PLC)
A company permitted to offer shares to the public, subject to stricter governance under the Companies Act.

⬢Related guide

Types of Indian Companies — Private, Public, OPC, Section 8 and More
Private limited is the default, but Indian companies come in many legal forms. Here's a practical guide to the ones you'll encounter on MCA.

Team CorpIntel

Editorial & Research Desk

The CorpIntel team — editors, researchers, and Company Secretaries working across Indian corporate intelligence, incorporations, and compliance.

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Part of the CorpIntel glossary, a 45-term reference. Found an error? Corrections policy.