A One Person Company (OPC) is an innovative business structure introduced in the Companies Act, 2013, designed specifically for solo entrepreneurs. It combines the benefits of a private limited company with the simplicity of a sole proprietorship, allowing a single person to establish a company with separate legal entity status and limited liability protection.
Key Features of One Person Company
- Single shareholder structure
- Mandatory nominee director requirement
- Limited liability protection
- Separate legal entity status
- Perpetual succession
- Professional corporate identity
- Simplified compliance compared to private limited companies
Benefits of OPC Registration
- Limited Liability Protection
- Simplified Corporate Structure
- Professional Business Image
- Perpetual Succession
- Access to Funding
- Tax Benefits
Documents Required for OPC Registration
- PAN Card
- Aadhaar Card
- Passport-sized Photographs
- Proof of Address (Utility Bill, Bank Statement)
- Proof of Registered Office Address
- Rent Agreement or
- Ownership Deed
- Utility Bill
- No Objection Certificate (NOC) from Property Owner
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