OPC

“One Person Company” means a company which has only one person as a member.

What is a One Person Company?

As per Section 2(62) of Companies Act, 2013, “One Person Company” means a company which has only one person as a member.

One Person Company is a hybrid of Sole-Proprietor and Company form of business, and has been provided with concessional/relaxed requirements under the Act. In OPC, there is only one person who will act in the capacity of a Director and a shareholder as well. Such type of a company is formed as a Private Limited Company.

Necessary Document For Registration

DIGITAL SIGNATURE CERTIFICATE

One color photograph (Pass Port Size)
Identity proof
Current resident address proof

DIRECTOR IDENTIFICATION NUMBER

Form DIR-3 needs to be filed for making application for allotment of DIN

ID proof of the applicant
Address proof of the applicant
One color photograph of the applicant.

NAME AVAILABILITY

Details of the applicant
Objects of the proposed company
Particulars about proposed names(maximum 6 names can be given in order of preference)

INCORPORATION

Identity proof PAN card (mandatory) and any one of the following:

Aadhar Card
Passport
Voter Identity Card
Driving License

Residential address proof

Bank Statement
Telephone Bill
Mobile Bill
Electricity Bill

Proof of Registered Office address (not older than two months)

Telephone Bill
Electricity Bill
Mobile Bill

Advantages of One Person Company

OPC have lesser compliance related burden.
One person Company being an incorporated entity will likewise have the component of perpetual succession.
OPC can get loans from bank easily.
Easy To Manage and Freedom Compliances
Complete Control Of The Company With The Single Owner

Minimum Requirement for One Person Company

Minimum 1 Shareholder
Minimum 1 Director
DIN of Director
The director and shareholder can be same person
Minimum 1 Nominee

OPC

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What is a One Person Company?

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