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One Person Company

One Person Company Registration Online In India

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What is One Person Company?

One Person Company is a new concept in India, introduced with the Company Act 2013. In India, a One Person Company is formed by a single person. 

A single person could not form a company prior to the implementation of the Companies Act of 2013. 

An OPC combines the characteristics of a corporation with the advantages of a sole proprietorship. 

Previously, if a person needed to start a business, he or she could only do so as a sole proprietorship.

A company can be formed with just one director and one member, according to Section 2 (62) of the Companies Act 2013. In India, a One Person Company registration is a type of entity with fewer compliance requirements than a Private Limited Company.

Under the Companies Act 2013, a One Person Company Registration in India can be obtained with only one member and one director. The Director and the member may be the same person. An individual, including non-resident(subject to certain conditions), can register an OPC in India here.

Reasons to Register a One Person Company

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Documents required for One Person Company

Steps for company registration

Step 1 Check the eligibility and documentation
Step 2 Request DSCs and DINs for each director
Step 3 Submit a request for a name reservation Form
Step 4Apply for PAN and TAN for your new business
Step 5 RoC issues an incorporation certificate with a PAN and TAN
Step 6 Open a bank account and start your business.