When You Don't have any exemptions, A SINGLE individual may form a Private Limited Company with a Single Nominee
OPC can also be treated as a Private Limited Company and Eligible for Startup Registration use as well
The idea of a single Person Company (OPC) is introduced with Companies Act, 2013. Any one individual who is an Indian citizen and citizen in India is qualified to incorporate 1 Person Company. This form of business formation is perfect replacement for sole proprietorship version of businesses and qualified to apply for StartupIndia Recognition, Bank credit facilities and much more tastes than a informal company of sole proprietorship.
OPC is appropriate for a small business running independently. Appointment of a single Nominee is has to ( Indian heterosexual age not less than 18 years). An OPC Can have more than one directors, but the shareholder limited to a person only.