One person company

A One Person Company (OPC) in the UK requires a single founder who is the sole shareholder and director. While joint shareholding isn't permitted, you must nominate another individual, such as a spouse or child, who will accept responsibility if the sole director becomes incapacitated or passes away. This nominee must provide consent and their PAN/AADHAR details, as they will be liable for any outstanding fines or responsibilities if the OPC is abandoned.