

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
-
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
-
Maintenance of proper books of accounts
-
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.
-
The minimum and maximum number of directors in an OPC can be one (1) and fifteen (15) respectively.
Types
-
OPC Limited by Shares
-
OPC Limited by Guarantee with Share Capital
-
OPC Limited by Guarantee without Share Capital
-
Unlimited OPC with Share Capital
-
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.