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OPC Registration

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One Person Company (OPC) Registration

According to the Sub-Section 62 of Section 2 of Companies Act 2013,“One Person Company (OPC)” means a company which has only one person as member. This format is introduced to encourage entrepreneurs who are willing and capable of starting a venture on their own and for all those who cankeep the vision, capacity and conviction to change their thoughts into business achievement. Any person can form OPC if the person is natural person who is also a citizen and resident (stay in India should not be less than 182 days in immediate preceding year) of India.

Every OPC must nominate a nominee director in its MOA and AOA of the company who will take over the company and become the owner in case of disability of the sole director.

OPC is a new concept in India but is openly accepted and adopted because of its easy management and various other benefits such as non-obligation of having minimum two directors, any proprietorship business can be easily converted into OPC without complex procedure etc.

One Person Company can be formed as:

  1. Limited by Share Capital
  2. Company Limited by Guarantee (with or without share capital)
  3. Unlimited Company

Why choose OPC?

  1. Shareholders of OPC’s have Limited Liability; it is also having different legal entity as company is distinct from its owner, all the personal assets of the shareholders and the directors are legally safeguarded in case of bankruptcy and any credit default by the company.
  2. Perpetual Legal Existence means the company will sustain its existence unless legally liquefied.
  3. OPC are generally easy to form with lesser legal compliances and formalities

Document Required

Documents Required for OPC Registration

These are the documents required for Directors/ Nominee when it comes to register an OPC:

  1. A copy of Pan Card
  2. Identity proof (any of the below mentioned)
  3. Voter Card
  4. Passport
  5. Driving Licence
  6. Address proof (any of the below mentioned)
  7. Bank statement
  8. Mobile bill
  9. Telephone bill
  10. Electricity bill
  11. 4 Passport size photographs

These are the documents for Registered Office place:

1. Ownership Proof (any of the below mentioned)

  • Electricity Bill
  • Gas bill
  • Electricity Bill
  • Mobile Bill

2. No Objection certificate (Download Format)

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