One Person Company
One Person company (OPC) means a Company formed with only one person as a member, unlike the traditional manner of having at least two members. It is recognition of single person economic entity lightens a path for small traders, service providers to venture into business by expending their opportunities through corporate identity
Minimum Requirements-
✓ Any Natural Person (should not be a Minor) who is an Indian Citizen and a Resident of India shall be eligible to incorporate a One Person Company in the capacity of Member
✓ The minimum and maximum number of members in an OPC can be only one.
✓ As per Section 152(1) of the Act, an individual being member of OPC is deemed as First Director of the OPC until the director(s) are duly appointed by the member.
✓ A person can be member in only one OPC.
✓ The minimum and maximum number of directors in an OPC can be one (1) and fifteen (15) respectively.
✓ In order to increase the number of directors beyond 15 directors, a special resolution must be passed by the OPC to that effect
Documents / Informations Required for Registration of One Person Company -
✓ Self Attested Copy of PAN Card of Member, Director and Nominee.
✓ Proposed Object of the Company
✓ Passport size photograph of the Member, Director and Nominee
✓ NOC from Landlord
✓ Self Attested Copy Bank Statements of Owner and Directors.
✓ Passport of Foreign National Directors.
✓ Proof of Nationality for Foreign National Directors.
✓ Email IDs of all the Directors and Member
✓ Mobile Nos. of all the Directors of Member
.
✓ Self Attested Copy of Aadhar Card/ Voter identity card of Member, Director and Nominee.
✓ Rent Agreement along with rent receipts (if rented property)
✓ Electricity/ Water bill (Business Place)
✓ Property Papers (if Owned Property)
✓ DSC form (Physically signed)
✓ Notarized (if residing in commonwealth countries)
✓ Notarized and Apostilled (if residing in country which is signatory to Hague convention)
✓ Notarized and Consularised (if not covered in above 2 categories)