Overview of One Person Company in India and Registration of OPC
The Companies Act of 2013 supported the formation of one person company in India. It governs the registration and functioning of one person company in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary one person company doesn’t need any group of people to be incorporated. Up until recently, a company could only be incorporated by a group of people. An organisation with a single owner is known as a one-person company in India. Only two people could form a company prior to the implementation of the Companies Act of 2013.
As per the Section 2(62) of Companies Act of 2013 and official registration of a one person company in India is legal. Registering a One person company in India requires a single director and a single member representing the whole form. This corporation type has very few compliance requirements in comparison with a private corporation.
Documents Required for One Person Company Registration
- Passport or PAN card;
- Passport size photo;
- Specimen signature;
- No objection certificate (NOC);
- Rental agreement;
- Address proof of Directors;
- Identity proof of Directors For NRIs and Foreign Nationals, a passport;
- Voter id;
- Drivers license;
- Updated gas or electricity bills;
- Bank account statements, and phone bills for mobile or landlines;
- A sample signature.
Documents Needed for OPC Company Registration
A scanned replica of a current bank statement;
An electricity or gas bill, a phone bill, and a mobile bill;
Rental agreement in English transcribed in a digital format;
A landowner’s no-objection certificate transcribed in a digital format;
A property or sale deeds scanned copy in English language (if the property is owned).
