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A company with artificial person status is allowed to acquire, own, enjoy, and alienate property in its name, such as buildings, intangible assets, factories, residential property, and so on, and can claim any ownership of the company while serving as the nominee director.
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In 2013, the Companies Act, 2013 introduced the concept of a 'One Person Company (OPC)'. This created an entirely new set of opportunities for budding entrepreneurs who can start a business single-handedly by creating their own single-person economic entity. A one-person company (OPC) is a refinement of a sole proprietorship.
In an OPC, a single promoter gains complete control of the company, limiting his or her liability for contributions to the enterprise. However, a director nominee is present but has no authority until the real director is unable to continue. According to Section 2 (62) of the Company's Act 2013, a company can be formed with only one director and one member. A One Person Company Registration in India is a type of entity with fewer compliance requirements than any other type of company. An OPC is simple to manage because it is run by a single person. If you are an entrepreneur looking for a one-of-a-kind success, you can register as an OPC in India.
OPC limited with Guarantee
OPC limited with Share Capital
OPC Unlimited Company
Each prospective partner's self-attested PAN card must be utilized to complete the One Person Company Registration Process.
The Self-attested address proof must include the Partner's name as it appears on their
For Indian citizens, self-attested passports, election cards or voter identification, Aadhaar cards, or any other form of identity verification is acceptable and is included in the One Person Company Registration documentation.
The Self-Attested Partner's Ownership Proof must include the most recent Electricity Bills, Telephone Bills, Gas Bills, Mobile Bills, or any other utility bills from the company's location that are no more than 2 months old.
And most recent two passport-size photos.
All directors and members are required to provide two months’ worth of bank statements.
There must be only one shareholders and only one directors.
An OPC must have only one directors and must be an Indian citizen.
There is no minimum capital requirement.
There is no continued existence allowed in One Person Company Registration
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