One Person Company (OPC)
OPC Registration in India
Works as a separate legal entity to get access to credits, bank loans, limited liability, legal protection for business, access to market, etc. Comes under the provisions of Private Limited Company operating in India.
Benefit of using legal name and status value unlike Sole Proprietorship which is not a legal entity.
Provision of limited liability (up to the limit of company shares) does not affect owner’s personal wealth, assets, etc.
Works with minimum requirement of:
- Minimum 1 shareholder
- Minimum 1 director (Director and Shareholder can be the same person)
- 1 nominee director
- No minimum share capital
- OPC suffixed with the Company Name to give its distinguishing identity
Documentation for OPC Registration
- Copy of PAN Card of the owner (Mandatory)
- Copy of owner’s Voter ID Card/ Aadhaar Card (Mandatory)
- Copy of Property Papers (In case, you own your company space)
- Electricity/Water Bills of business place
- Two passport size photos of the owner (Mandatory)