One Person Company Registration ..

   2019-09-23       40        Services
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One person company is a unique concept introduced by the ministry of corporate affairs in order to encourage the small traders and entrepreneurs.

ONE PERSON COMPANY (“OPC”)

One person company is a unique concept introduced by the ministry of corporate affairs in order to encourage the small traders and entrepreneurs. With passage of time, the opc company mode of business organisation is all set to become the most preferred form of business organization especially for small entrepreneurs. The one person company concept holds a bright future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers.

ADVANTAGE OF ONE PERSON COMPANY REGISTRATION :

  1.  Only one shareholder:-

Only a natural person, who is an Indian citizen and resident in India, shall be eligible to incorporate a One Person Company.

  1. Director:- 

OPC Registration must have a minimum of 1 Director; the Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors.

  1. Freedom from Compliance:- 

One Person Company Incorporation also gets freedom from complying with many requirements as normally applicable to other private limited Companies. 


DOCUMENTS REQUIRED FOR ONE PERSON COMPANY INCORPORATION:

  • Self attested copy of Identity Proof of Director (Copy of PAN Card)
  • Self attested copy of Address Proof of Director (Voter ID/Aadhar Card/Copy of Passport/Driving License/Electricity Bill/Telephone Bill)
  • Self attested copy of Bank Account Statement/Electricity Bill/Mobile Bill of director
  • Passport size P"
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