One Person Company is a new concept introduced in India through Companies Act, 2013. Under this new concept, any Indian resident citizen can start an OPC by following the prescribed procedure.
Minimum Requirements For Opc Registration
Minimum 1 Shareholder;
Minimum 1 Director;
The directors and shareholders can be the same person
Only Indian residents can be Shareholder & Nominee
Minimum 1 Nominee
DIN (Director Identification Number) of Directors
DSC (Digital Signature Certificate) for one of the Directors
Benefits
Separate Legal Entity i.e. De-risking of promoters liability to the Company
Perpetual succession i.e. Promoters may come and go but Company runs
Separate Tax Liability of owner and Company
Limited Liability i.e. Debt is not the sole responsibility of the owner
Registration certificate form Ministry of Corporate affairs.
