Business Registrations
One Person Company
What Is a One Person Company?
An OPC is a company established by a single person. A single individual establishes and manages the company. The individual serves as both the director and shareholder, merging the advantages of a sole proprietorship with the legal protection of a private limited company. An OPC has all the features of a company, such as perpetual succession, limited liability and a separate legal entity.
Features of a One Person Company
An OPC is a company established by a single person. A single individual establishes and manages the company. The individual serves as both the director and shareholder, merging the advantages of a sole proprietorship with the legal protection of a private limited company. An OPC has all the features of a company, such as perpetual succession, limited liability and a separate legal entity.
Benefits of Registration
- Simple Incorporation : It is easy to incorporate OPC as only one member and one nominee is required for its incorporation. The member can be the director also.
- Perpetual Succession: OPCs maintain perpetual succession, ensuring the company’s continuity even with only one member. This continuity is assured as the company can be transferred to a nominee director in the case of unforeseen circumstances.
- Separate Legal Entity:An OPC is recognized as a distinct legal entity in its own right. The separate legal entity of the OPC gives protection to the single individual who has incorporated it. Company possesses the autonomy to acquire assets and incur debts under its own name.
We Can Help You Establish Your Company
Setting up a OPC involves various legal and financial procedures. Our team of professionals at Ease Compliance can guide you through every step, including:
- Company Name Approval
- Digital Signature Certificate (DSC) Procurement
- Director Identification Number (DIN) Application
- Drafting of Memorandum of Association (MOA) and Articles of Association (AOA)
- Company Incorporation
- Compliance with the Companies Act, 2013
List of documents required
List of documents related to the Director of the Company
- Aadhar and PAN Card of the Director;
- Latest passport-sized photos of the Director;
- Copy of bank statement or utility bill (not older than two months)
- Copy of passport (in case of foreign national or NRI)
List of documents related to the Nominee of the Company
- Aadhar Card and PAN Card of the Nominee
- Nominee’s Consent
List of documents related to the Company’s Registered Office
- Rental Agreement (if place is rented)
- Non Objection Certificate (NOC) from owner of the property (if place is on rent)
- Sale Deed of the Company premise in the Company’s Name;
- MoA & AoA of the Company.
Get in Touch with Us Today
Ready to embark on your entrepreneurial journey with a One Person Company? Contact Ease Compliance We’ll ensure a smooth incorporation process and provide ongoing support to help your business flourish.