ONE PERSON COMPANY
- A One Person Company (OPC), introduced in India under the Companies Act, 2013, is a unique business structure that allows a single person to establish and operate a limited liability company. It essentially combines the features of a sole proprietorship with the advantages of a private limited company.
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- Benefits: Choosing an OPC structure offers several advantages, including:
- Limited Liability Protection
- Improved Credibility and Brand Image
- Easier Access to Funding compared to a sole proprietorship.
- Perpetual Succession: The company’s existence continues even if the sole owner dies or leaves.
- Suitability: OPCs are well-suited for entrepreneurs seeking to operate a limited liability company while maintaining sole control and decision-making authority. It’s ideal for startups, freelancers, or businesses with a single founder.
    4.Documents for the Director and Shareholder (Same Person):
- PAN Card: A Permanent Account Number (PAN) is required for income tax purposes.
- Aadhaar Card: This serves as proof of identity.
- Passport-sized Photograph: A recent photograph of the director and shareholder (one and the same person in an OPC).
- Address Proof: Documents like utility bills (electricity bill, water bill, etc.) or bank statements (not older than two months) as proof of residence.
5.Company Documents:
- Memorandum of Association (MOA): This document outlines the company’s objectives, authorized share capital, and liability clause.
- Articles of Association (AOA): This document defines the internal rules and regulations of the OPC, governing aspects like shareholding, dividend distribution, meetings, and management procedures.
- Registered Office Documents:
- Proof of Registered Office Address: A copy of the lease agreement or rent agreement for the OPC’s registered office premises along with relevant rent receipts.
- NOC from Landlord (if applicable): A No Objection Certificate from the property owner is required if the registered office is leased.
