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According to Section 2(62) of the said Act, “One Person Company” means a company which has only one person as a member.
• Minimum 1 Director.
• Minimum 1 Nominee.
• Basic KYC Documents.
• No Need of any Minimum Share Capital.
Note : Letters ‘OPC’ to be suffixed with the name of OPCs to distinguish it from other companies.
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. A single person could not incorporate a Company previously. But now as per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company.
OPC process / procedure,
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and updation / renewal / migration.
(Included in Our Package)
1. Document list for OPC
2. OPC Draft acknowledgement
3. OPC certificate
4. OPC advantages and disadvantages.
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