

One Person Company
Registration
It is incorporated only as a private company which has only one member.
Any natural person (should not be minor) who is an Indian citizen whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint nominee of an OPC
Basic Mandatory Compliance
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At least one Board Meeting in each half of the calendar year and the time gap between the two Board Meetings should not be less than 90 days
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Maintenance of proper books of accounts
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Statutory audit of Financial Statements. Filing of business income tax returns every year before 30th September.
 
Members and Directors in an OPC
- 
The minimum and maximum number of members in an OPC can be only one.
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The minimum and maximum number of directors in an OPC can be one (1) and fifteen (15) respectively.
 
Types
- 
OPC Limited by Shares
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OPC Limited by Guarantee with Share Capital
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OPC Limited by Guarantee without Share Capital
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Unlimited OPC with Share Capital
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Unlimited OPC with Share Capital.
 
Benefits of One person company
1
Independent Existence
a separate legal entity, like a person with its own rights & authority. Incorporate now for perpetual success & common seal.
2
Limited Liability
one member holds all shares, separate legal entity. Liability only up to member's investment in business.
3
Separate Property
with own identity & property. Members have no insurable rights to company assets.
4
Transferability of Shares:
no share transfer allowed as it changes the entire structure of the company & its ownership.
