No, as per Section 3(1) of the Companies Act, 2013 and relevant rules, an individual is not permitted to incorporate more than one OPC at any time. Similarly, a person cannot be a nominee of more than one OPC.

No, a foreign national (i.e., a person resident outside India) cannot incorporate an OPC. Only a natural person who is a resident in India and also an Indian citizen is eligible to incorporate an OPC. The Companies Act and relevant rules define a "resident" as someone who has stayed in India for at least 120 days during the previous financial year

Yes, an OPC must file its annual financial statements with the Registrar of Companies (ROC). This includes the balance sheet, profit and loss account, cash flow statement (if applicable), and other required documents. The financial statements are filed electronically using prescribed forms such as AOC-4, and the deadline is within 180 days from the end of the financial year.

No. Only a natural person who is an Indian citizen and resident in India can act as a nominee in an OPC. A body corporate, LLP, or any other legal entity is not eligible to become a nominee.

Yes. An OPC is required to maintain statutory registers, including the Register of Members, Register of Directors and Key Managerial Personnel, and other registers prescribed under the Companies Act, 2013.

Yes, Section 188 of the Companies Act, 2013 regarding related party transactions applies to all companies, including One Person Companies (OPCs). OPCs must obtain board approval before entering into any specified related party transactions and ensure proper disclosure in the board’s report.

For OPC incorporation, if the subscriber or director is residing outside India, documents (such as identity and address proof) must be notarized and apostilled (or consularized) in the country of residence.

• Notarization involves the documents being certified by a notary public in the foreign country.
• Apostille is an additional authentication provided under the Hague Convention; the relevant government authority applies this if the country is a party to the Apostille Convention.
• If the country is not a party to the Hague Convention, documents must be consularized by an Indian Embassy/Consulate.

This process ensures that overseas documents are recognized as legally valid in India for company incorporation.

No, only a natural person who is an Indian citizen and resident in India can be a member, nominee, or sole director of an OPC. The law explicitly restricts such participation to prevent non-residents from incorporating or controlling OPCs.