Eligibility Criteria for OPC Registration in India

Eligibility conditions for OPC registration in India are noted below:

• Single Shareholder: An OPC can be incorporated by only a natural person, who should be an Indian citizen and resident.
• Nominee Director: The sole shareholder has to nominate a person who will assume charge in the event of their death or disability.
• Not a Minor: The person incorporating the OPC cannot be a minor.
• Capital Requirement: Minimum authorised capital to incorporate OPC is ₹1 lakh but no minimum paid-up capital is required.
• Sole Director: A sole member may also serve as the sole director of the company.
• Nominee Director: The nominee director replaces the sole shareholder in case of his death or incapacity.
• Director's Duties: Directors have to abide by statutory duties and obligations as provided in the Companies Act, 2013.