As its name reveals, a One Person Company refers to a business format in which there is a single business owner. In an OPC business format, there can be more than one director but cannot have more than one member. Due to its easy management, OPC is one of the widely chosen business formats in India. Any aspiring entrepreneur can choose to setup a One Person Company.
One Person Company is described in Sub-Section 62 of Section 2 of Companies Act, 2013, which states: "One Person Company means a company which features only one member". Under this category of Business Entity, there is no need for obligatory minimum two directors, similar to the case of Private Limited Company incorporation. Company incorporation as "One Person Company (OPC)" is a quite new concept in India but is rapidly becoming a preferred choice of Entrepreneurs, who carry the vision, ability and conviction to transform their ideas into business success.
Required Documents for One Person Company Registration
Copy of PAN Card
Identity Proof (Voter Card, Passport, Driving Licence)
Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
Passport Size Photo
For Registered Office
Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
NOC (Download Format)
|One Person Company Registration||INR 6,999 /-|