A One Person Company (OPC) refers to a company with a single individual as its sole member. The primary objective of an OPC is to encourage and support emerging entrepreneurs. Legally, an OPC is classified as a private company.
Incorporating an OPC grants it professional recognition. Additionally, registering your company’s trademark helps protect its identity and prevents unauthorized use by others.
The personal assets of the owner are safeguarded, as the liability is limited to the business’s assets.
An OPC is recognized as a distinct legal entity, allowing it to own property, enter contracts, and conduct business in its name.
An OPC enables individual entrepreneurs to establish a business without requiring a partner, fostering a culture of innovation and self-reliance.
Compared to other corporate structures, OPCs have fewer regulatory and compliance requirements, making it easier to manage.
Aadhar / Voter ID / Driving licence / Passport of Directors and Shareholders
The Address proof of the Directors, shareholders along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
The photos of the respective Directors , shareholders and designated authorities should submit for the clarification and proof of the concerned person.
The PAN card of the respective Directors, shareholders and designated authorities of the company.
Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of e-filing the Register of Companies.
No objection certificate by the owner / landlord must be enclosed.
The ID, written consent and documents in relation with the nominee must be enclosed.
No, only an Indian resident or Indian citizen can become the Shareholder and Director of One Person Company.
No, they cannot become Nominee because it’s purely applicable for Indian residents.
No, Minors are not eligible to become nominees.
Yes, you can incorporate your company without any minimum capital.
No, the personal assets of the members will not be used for unpaid debts.
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