A One Person Company (OPC) is a modern business structure that allows a single entrepreneur to establish and run a legally recognized company. It combines the convenience of a sole proprietorship with the limited liability protection of a private limited company. This ensures the owner’s personal assets remain secure even if the business faces financial risks.
The Companies Act, 2013, introduced the OPC framework to support individual entrepreneurs and professionals looking to operate with greater legal and financial credibility. Later, the 2021 amendments by the Ministry of Corporate Affairs (MCA) made OPC formation more flexible by allowing NRIs to incorporate OPC companies and reducing the residency requirement from 182 days to 120 days. Additionally, the previous rule that forced conversion into a private or public company after reaching certain turnover or capital thresholds was abolished.
With simpler and more streamlined registration processes, Haryana has become an attractive destination for entrepreneurs and NRIs seeking to establish OPCs. As per a Rajya Sabha report, 3,442 OPCs had been registered in the state of Haryana as of December 2024, reflecting the state’s growing appeal as a hub for innovation, investment, and business growth.











