Definition of One Person Company (OPC) According to section 2 (62) of the companies Act, 2013, ‘ One Person Company (OPC) ’ means a company which has only one person as a member. 2. No. of Persons Required for formation of OPC An OPC company can be formed with just 1 Director and 1 member.

One Person Company was introduced in the Companies Act, 2013 with an intetion to provide limited liability to the individual enterpenuers with an innovative technology business ideas. One Person Private Limited Company will enjoy the same benefits of a normal Private Limited Company. An individual who does not have the co-founder to start his business venture may incorporate One Person Private Limited Company and enjoy the benefits available under Companies Act, 2013. An individual who wants test his business idea may start OPC Company and once the project is viable, he can approach the Venture Capitalists and get the investment into equity sharecapital and convert into a normal Private Limited Company. The regulative body for the Companies is The Registrar of Companies, Ministry of Corporate Affairs, Government of India and the governing law for the companies is Companies Act, 2013.

How to Register OPC with IAS Tax Zone:

You Can Register OPC Through IAS Tax Zone it is very simple 3 step.

1. Obtain a DSC
2. Apply DIN
3. Application for the Name applicability
4. File Incorporation Form
5. OPC Incorporation Certificate
6. Apply for PAN . TAN , ESIC, EPF etc
7. Open a Bank Account and Start Business

Documents For One Person Company Incorporation (all documents should be clear scan copy with sign by shareholders and Directors ) :

1. Copy of PAN Card of all Promoter and Share Holder
2. Copy of Aadhaar Card / Voter Id / Passport of all Promoter and Share Holder
3. Passport Size Photo Graph of all Promoter and Share Holder
4. Latest Bank Statement / Utility Bill of all Promoter and Share Holder
5. Registered Office address of the Company along with Address proof (Electricity Bill/Telephone bill/gas bill/mobile bill not older than 2 months)
6. Rent Agreement from the Property Owner
7. No Objection Certificate from the Owner

Information Required :

• Occupation of the applicant.
• Area of occupation.
• Educational Qualification.
• E mail ID of the applicant.
• Mobile No. of the applicant
• Place of Birth
• Proposed name of the Company (one or two names in preference order)
• Authorized and paid up share capital
• Main Object of the company
• Police station address where the registered office is to be situated.
• % of shares to be subscribed by Subscribers
• Email ID, Mobile No, Occupation and area of occupation of all Directors.