The model of One Person Company was started by The Companies Act, 2013. It best suits entrepreneurs certain to operate their business themselves but wants the status of a private limited company. A one person company is a distinct legal body providing limited liability protection to its only shareholder while possessing continuous succession. Also, there is no restriction on conversion of OPC to into a private/public limited company. An OPC can be registered in India by only one person. To incorporate a one person company you also need a nominee director, nominated in Memorandum of Association & Articles of Association. This individual takes charge of the OPC if the person who started it passes away. At the closing of every financial year, the OPC like other companies must file audited financial statements with the Ministry of Corporate Affairs. Incorporation of an OPC requires limited documentation and there is no mandate to conduct annual general meeting (AGM).
1. Self-attested copy of ID proof: (Passport/election card/driving license)
2. Self-attested copy of Pan card and Aadhaar Card
3. Self-attested copy of address proof (Bank statement/mobile bill/electricity bill/ telephone bill not older than 2 months)
4. Rent agreement/agreement between the owner and the company (for rented premises)
5. Utility Bill (Mobile bill/Electricity bill/telephone bill not older than 2 months)
6. NOC signed by the owner (for rented premises)
7. Duly signed DSC form.
8. Consent letter signed by the director (DIR 2)
9.Declaration signed by the director or subscriber (INC 9)
A one person company on inception is recognized as an artificial judicial person.
An OPC company is a distinct judicial entity.
It can buy things or borrow money as its own separate organization.
The shareholders are accountable for the company’s debts only as far as the shares they own.
When setting up a one person company, the person starting it needs to choose someone as a backup, called a nominee.
If the original person passes away, the nominee takes over and runs the business.
This helps the one person company continue to exist even after the founder is no longer there.
Based on your needs, you can select any of our packages
If you're registering a One Person Company (OPC) for your business, you need to suggest two different names to the Ministry of Corporate Affairs (MCA)
For a one person company registration, you need to get a Digital Signature Certificate (DSC) to digitally sign electronic forms
The form for the Incorporation of a company is filed online
As evidence of your company formation, you will get a certificate of incorporation
Congratulations!!! You are ready to start your business as a one person company and take it to great heights of excellence!
If you were born in India and currently live there, you can: a) Start your own OPC company. b) Be chosen as the nominee for the sole member of an OPC company.
A person can only join one OPC.
An OPC company can be set up for any legal purpose. However, an OPC does not have the freedom to be involved in activities that are “Non-Banking Financial Investments” including investment in securities of any other body corporate.
Yes, as per the Companies (Incorporation) Rules 2014, an OPC can voluntarily change to any other type of company, except for Section 8 companies with charitable objectives.
No, they cannot. According to the law, the nominee must be an Indian citizen, live in India, and be at least 18 years old.
