One Person Company

  • DSC for 1 director
  • DIN for 1 director
  • MOA (INC 33)
  • AOA (INC 34)
  • Certificate of Incorporation
  • Company PAN Card
  • Company TAN letter
About OPC:-

Section 2(62) of Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member. Such companies are generally created when there is only one founder/promoter for the business. Entrepreneurs whose businesses lie in early stages prefer to create OPCs instead of sole proprietorship business because of the several advantages that OPCs offer.

One Person Company is a private limited company comprising of just a single shareholder who is additionally the executive of the company. OPC or One Person Company is an improvement over the customary structure of sole ownership constraining the obligation of the person to the aggregate of his/her capital contribution towards the business. There will be a candidate executive who has no force until the first shareholder/chief is rendered unequipped for maintaining the business eg. Because of death, the incapacity of mind etc. To join an OPC an application must be made to find out the availability of the name of business by applying through Form INC-1. On the off chance that the ideal name is available, at that point such name must be reserved. within 60 days from such reservation INC-2 form which is the application for incorporation must be submitted.

Benefits of OPC:-

  • Separate legal entity
  • Protect liability
  • Separate management for ownership
  • More credibility
  • Helps in expansion
  • Nomination provision for continuity of business life
Documents required:-
  • Copy of PAN Card of owner
  • Passport size photograph of the owner
  • Copy of Aadhaar Card/ Voter identity card
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill (Business Place)