Section 2(62) & Section 3(1)(c):One Person Company (OPC) Corporate Entity Inception
Complete incorporation of a corporate entity owned and controlled by a single individual founder. Covers RUN name reservation, SPICe+ Part A/B filing, drafting of single-promoter MoA and AoA, Nominee Director consent (INC-3), and simultaneous PAN/TAN allotment.
Statutory Scope & ApplicabilitySolo entrepreneurs, independent tech founders, digital creators, and professional consultants seeking corporate limited liability without sharing equity.
Default Consequence & ExposurePersonal unlimited liability and personal asset exposure if operating as sole proprietorship; inability to issue formal corporate vendor invoices.