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About One Person Company (OPC) Registration
A new approach has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Limited Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. A single human could not incorporate a Company previously.
But 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 form of a company where the compliance requirements are lesser than that of a private company.
Members of a company are nothing but subscribers to its, shareholders or memorandum of association. So, an OPC is effectively a company that has only one stockholder as its member.
Such companies are generally created when there is only one founder for the business. Entrepreneurs whose businesses lie in early stages prefer to build OPCs instead of sole proprietorship business because of the several advantages that OPCs offer.
ID Proof of all PartnersAny one ID proof like AADHAR Card, Voter Card, Driving License or Passport required.
PAN card of all Partners
Passport size photo of Partners
Any one address proof in name of Partner
Any one bill in anybody name for registered office address
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Incorporation of LLP
File Limited Liability Partnership Agreement