OPC Registration, as per Section 2(62) of the Companies Act 2013, pertains to a type of business or company where only one person serves as a member, similar to a private limited company. This concept was introduced in India through the Companies Act, 2013, to support entrepreneurs capable of starting a venture on their own by allowing them to establish a single person economic entity with a sole shareholder.
The features of One Person Company (OPC) include having only one shareholder, who must be an Indian citizen and meet residency requirements, with the option to appoint a nominee in case of death or incapacity. The nominee must be a natural person who is an Indian citizen and resident in India, and their consent is required. OPC must also have at least one director, who can also be the sole shareholder and manage the company’s affairs.
To register for OPC, the following documents are required: a copy of the owner’s PAN (Permanent Account Number) Card, a passport-sized photograph of the owner, a copy of the Aadhaar Card, Voter identity card, or Driving License of the owner, a copy of the Rent agreement (if the property is rented), an Electricity Bill or Water Tax Receipt of the registered office, a copy of the Property papers or ownership proof (if the property is owned), and a No-Objection Certificate from the actual owner. These documents are necessary to establish the identity and address of the owner and the registered office of the OPC.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.