One Person Company Registration - An Overview

One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorships and entrepreneurs who can enjoy the advantages of limited liability, and the benefit of separate legal entities as well.

the concept of ‘One Person Company’ may be introduced  with the following characteristics:-

  • OPC may be registered as a private company with one member and may also have at least one director;
  • Adequate safeguards in case of death/disability of the sole person should be provided through the appointment of another individual as Nominee Director. On the demise of the original director, the nominee director will manage the affairs of the company till the date of transmission of shares to legal heirs of the demised member
  •  Letters ‘OPC’ to be suffixed with the name of One Person Companies to distinguish it from other companies.”

Documents Required for Online Company Registration

In India, private limited company registration cannot be done without proper identity and address proof. Listed below are the documents accepted by the MCA for the online company registration process:

Identity and Address Proof

  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/passport/driving license
  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature [directors only])

Registered Office Proof

  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • Scanned copy of the notarized rental agreement in English
  • Scanned copy of no-objection certificate from the property owner
  • Scanned copy of sale deed/property deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence too.

Benefits of One Person Company

  • Single Onwer Company

    The advantages of limited liability. The most significant reason for shareholders to incorporate the ‘single-person company’ is certainly the desire for limited liability.