One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).
How To Do One Person Company Registration Online
Vakilsearch helps you to register One Person Company in India in 3 simple steps.
DSC & DIN
We reserve the name of your company, and help you obtain the DSC and DIN.
Drafting & Filing
We draft and file the documents required for your OPC registration (MoA, AoA, PAN & TAN).
We help you with the post-registration formalities and compliances.
The One Person Company (OPC) in recent times was launched as a good refinement over the sole proprietorship. In OPC, a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of getting into the contract). Also, there can be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC company has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a private limited company or public limited company within six months.
Documents required for OPC Registration
The director of the OPC should submit the scanned transcripts/ copies of the following documents mandatory for OPC registration-
PAN card or Passport
Passport, for NRIs and Foreign Nationals
Scanned transcript of Driver’s License or Voter’s ID
Updated gas or electricity invoice/Bank account Statement/Mobile or landline phone invoice
Specimen signature or impression
Please Note: The first 3 documents should be self-attested by the OPC director. All the documents for a foreign national or an NRI must be notarized (if residing in India or a non-Commonwealth country at present) or apostilled (if living in a Commonwealth country at present).
Documents Necessary For The Registered Office
Scanned transcript of Current Bank Account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice)