A One Person Company (hereinafter referred as ‘OPC‘) is the newest form of business in India introduced by the Companies Act, 2013 for the first time wherein only one person can open a company, however, a nominee needs to be nominated. A One Person Company can be established only for small businesses as the maximum turnover it can operate with is Rs. 2 Crores Only. An OPC can raise capital only up to Rs. 50 Crores. Only an Indian Citizen can open a One Person Company. OPC Company is a creation of law and can be registered /incorporated as per the law as in the companies‟ act 2013 and the rules made thereunder. This is a new concept introduced for the first time in India by The companies‟ act 2013; one person can act as a shareholder as well as director of the company hence more like a one person controlled organization. The word OPC has to be written in the name of the company. OPC have a characteristic of proprietorship firm where one person owns, controls and manage the organization. An OPC has to convert into a private limited company once turnover reaches 2 Crores and Capital is more than 50 Lakh

PRE – REQUISITES FOR REGISTRATION OF PVT. COMPANY

• Minimum One Person: One person is needed to become the shareholder / director of the company.
• Requirement f Nominee: There shall be need of nominee to be appointed in the proposed OPC.
• The proposed director will be the subscriber of the Memorandum of association (MOA) of the Company.
• DSC (digital signature certificate) of the Director and Nominee of the proposed company.
• DIN of the Director and Nominee of the proposed company.
• Registered office address (owned/ rented) of the proposed company i.e. copy of electricity bill/utility bill not older
  than two months.

DOCUMENTS REQUIRED

• Self-attested copies of PAN Card & address proof (i.e. voter card/ Aadhar card/ passport) of Director and
  Nominee of the proposed OPC
• 02 Passport size photographs of each Director
• Signed affidavit (in DIR4) from the Directors for DIN.
• Proof of registered address i.e. copy of electricity bill/utility bill not older than two months, of OPC.
• Signed copy of the company incorporation form (Given in Annexure) containing relevant details of the
  proposed OPC.