OPC Registration

What is OPC Registration in India?

Introduction: One Person Company (OPC) registration is a new concept introduced in India with the Companies Act 2013. It allows a single person to establish a company with the features of a company and the benefits of a sole proprietorship. In this article, we will discuss the basics of OPC registration in India.

Summary:

• OPC is a new concept introduced in India with the Companies Act 2013.
• It allows a single person to establish a company with the features of a company and benefits of a sole proprietorship.
• Before the enforcement of the Companies Act 2013, a single person was not able to establish a company.
• OPC has lesser compliance requirements than Private Limited Companies.
• A company can be formed with just 1 director and 1 member according to Section 2 (62) of the Companies Act 2013.
• An individual who may be a resident or Non-resident Indian can register an OPC in India.

Conclusion: OPC registration in India is a simple and cost-effective option for entrepreneurs who want to establish a company with limited liability and retain control of their business. With lesser compliance requirements than private limited companies, OPCs are a popular choice for small business owners in India.

Documents required?

• PAN Card
• Passport
• Voters Identity Card