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Everything you need to successfully incorporate your company
🆔 PAN Card
🆔 Aadhaar Card
🪪 Passport/Driver's License/Voter ID
🏠 Bank Statement/Utility Bill/Rent Agreement
🖼️ Passport-size photographs
📝 Consent of the nominee (Form INC-3)
📃 Rent Agreement (if rented)
📄 No Objection Certificate (NOC)
💡 Utility Bill (not older than 2 months)
📘 Memorandum of Association (MoA)
📗 Articles of Association (AoA)
🔐 Digital Signature Certificate (DSC)
🔢 Director Identification Number (DIN)
🧾 Application for name reservation (Form SPICe+)
The company can have only one member/shareholder.
The sole member must be a resident of India (stayed for at least 182 days in the previous financial year).
A nominee must be appointed in case the sole member is incapacitated.
OPCs cannot engage in non-banking financial investments or operate as an NBFC.
An OPC must convert into a private/public limited company if its turnover exceeds ₹2 crores or paid-up capital crosses ₹50 lakhs.
The owner’s liability is limited to the company’s investment, protecting personal assets.
The OPC has its own legal identity, separate from its owner.
The company continues operations even if the owner becomes incapacitated, with the nominee taking over.
Lesser compliance requirements than private limited companies (e.g., no need for an annual general meeting).
Recognized as a separate entity, OPCs are more credible for loans and business deals.
Eligible for deductions and lower tax rates compared to sole proprietorships.
There is no mandatory minimum capital requirement for setting up an OPC.