What is OPC(One Person Company) ?
The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework.
One Person Company is a hybrid of Sole-Proprietor and Company form of business, and has been provided with concessional/relaxed requirements under the Act.
Frequently Asked Questions ?
What document are required to start Single Person Company (OPC) ?
You need to arrange very simple documents of director like photograph, Pan card and one address proof.
What is MOA & AOA of company ?
MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
What is OPC ?
it means business owners run
their company solely. A person can register
a company governed by himself with no
other partner or employees. Therefore, OPC
is a combination of Sole-Proprietor and Company.
Do I qualify for the OPC registration ?
If you run a business all by yourself, and have no other partners or shareholders, then you are eligible to register your organization as a One Person Company; as long as you are a permanent resident of India and an Indian citizen.