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  PROPRIETOR COMPANY REGISTRATION

 Startup your OPC in 15 days

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+91 9322570499 / 8655085580

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   sales@indiabizline.in

                                                        k.raizuddin@yahoo.co.in

Definition     Keypoints      Procedure    Documents     FAQ’s       

ONE PERSON COMPANY

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, a OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in case the sole Director is disabled.

KEYPOINTS

PROCEDURE

DOCUMENTS REQUIRED 

  Pan copy of the Director and Nominee

  ID Proof of the Director and Nominee – Driver’s License/Passport/Voter’s ID- Any one

  Address Proof of the Director and Nominee – Bank  Statement/Telephone bill/Mobile Bill/Electricity Bill – Any one [all the above documents needs to be self attested and by Gazetted Officer]

 Passport Size photographs (4 each)

FAQ’s

1. What is the difference between One Person Company and Other Forms of Business ?
We have prepared a detailed and easy to understand comparative table showing availability of features and advantages of one form of business to that of others. The same can be found at the end of this page.
2. What documents are accepted as Identity Proof of Shareholder and director of OPC?
For incorporation of a One Person company under the companies act, 2013, anyone from below list of the document is acceptable as Identity Proof of the director or shareholder or the proposed One Person Company.

  • Passport
  • Driving License
  • Voter ID Card
3. What is a nomination in OPC Registration?
Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one person company, any other person is nominated as nominee with their consent.
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