What is One Person Company (OPC) Registration?
A One Person Company (OPC) is a type of organisation has one director and member. It combines the benefits of a company and sole-proprietorship firm. It does away with the hassles of finding the right kind of partner for starting a business as registered entity. The best part is, legal and financial liability is limited like a Company.
What are the Features of a One Person Company Registration?
The main features of a One Person Company of business are as follows:-
- One man ownership
- No separate business entity
- Unlimited liability
- All the profit or loss to the proprietor
- Less formalities
- Instant decision making
What are the documents required for One Person Company registration?
The following documents are required for OPC registration:
To Be Submitted By Director:
- PAN Card or Passport (Foreign Nationals & NRIs)
- Voter’s ID Card/Passport/Driver’s License
- Latest Bank Statement/Telephone/ Electricity or Gas Bill
- Passport-sized photograph
- Specimen signature
For The Registered Office:
- Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Notarised Rental Agreement
- NOC from property owner
- Sale Deed/Property Deed (in case of owned property)
