One Person Company

ONE PERSON COMPANY (OPC)

One Person Company is a corporate entity with only one shareholder and whose legal and financial liability is limited. It is a hybrid of private company and proprietorship. It has a simpler corporate legal regime through various exemptions under the Companies Act, 2013. It encourages corporatization of micro businesses and entrepreneurships where they are not compelled to devote considerable time, energy and resources on complex legal compliances.

Key Points

Digital Signature Certificate of shareholder and nominee
Only 1 member being a natural person and Indian citizen
1 nominee of the sole member, being a natural person and Indian citizen
Such shareholder or nominee should be resident in India for at least 120 days during immediate financial year
Such shareholder or nominee is not a shareholder or nominee of any other OPC
No minor can be a shareholder or nominee
Minimum 1 director
Cannot be incorporated or converted into Section 8 Company

Requirements

Distinctive name of proposed company (at least 2 names for reservation)
Director Identification Number (DIN) proposed director, if any
Communication details of directors and subscribers-

• Mobile Number

• Email-Id

Director and Subscriber Details-

• Personal;

• Occupational;

• Educational Details

- Address of proposed Registered Office and its nearest police station
- Summary of the objects of proposed company
- Amount of authorized share capital
- Interest of Directors-
• Details of entities where director has interest;
• Details of interest of director in such entity
- Amount and number of shares subscribed by the shareholder
- Proposed Bank Name
- Corresponding Address, if proposed registered office is not final

Requisite Documents

Document supporting proposed name of the company, if any-

• NOC of Trademark or;

• Authorized letter of concerned entity

Proof of Office Address-

• Title Deeds; or

• Lease/Rent Agreement and rent receipt; and

• Copy of any utility bill not older than 2 months

• NOC from owner/landlord of office premises

Proof of Identity and Residence (of all)-

• PAN Card or;

• Passport or;

• Voter Id Card or;

• Driving License or;

• Utility Bills or;

• Aadhar Card

Passport size photograph of proposed directors

Note

Identity documents should be Self Attested.
We also provide making and renewal of DSC services.
Further, details and documents, if any required, can be called for during the process.
If no DIN, application shall be made for it.

Other requisite documents shall be drafted and finalized by our team for the process and will be requested for signing.
We also provide Annual Filings of One Person Company as a separate service.
We also provide services of Filing Income Tax Return and other related services for the company.

Time Duration

After receipt of all documents and information and subject to the MCA (CRC or ROC) response, approx. 3-7 days is taken for incorporation of such company.