ONE PERSON COMPANY

What is One Person Company?

The idea of One Person Company (OPC) in India was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. Since, no intervention from any third party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
One Person Companies are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial.
One Person Company, which is a new concept in India, already sees a big boom. A huge impact on the economy and development of nation is expected. It gives opportunities to many and will therefore bring creative and young minds in front of everyone. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
Reasons to Register a Limited Company

• Only one member is required.
• Unaffected by death of member or change in ownership.
• Easy to set up and maintain comparatively.
• Limits the liabilities of its members
• Minimal Paperwork is required.
• Can act as Stockbroker or Sub-broker
• Not many compliances

Documents Required For OPC Registration

• Copy of PAN Card of owner
• Passport size photograph of owner
• Copy of Aadhaar Card/ Voter identity card
• Copy of Rent agreement (If rented property)
• Electricity/ Water bill (Business Place)
• Copy of Property papers (If owned property)
• Landlord NOC (Format will be provided)