The words one person company must be mentioned in brackets below the name of such company, wherever its name is printed, affixed or engraved [second provison to section 12(3)] a person can incorporate a maximum of 5 opcs. Running a one-person business: delegate, delegate, delegate just because you're the only employee of your business doesn't mean you have to do everything on your own. A one person company is incorporated as a private limited company with only one person as its member b the memorandum of one person company shall indicate the name of the other person, who shall, in the event of the subscriber’s death or his incapacity to contract become the member of the company. One person company registration (opc) a one person company 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. One person company (opc) formation in india background the concept of “one person company” or opc is a new term introduced in india but it is a very successful form of business in us, uk and several european countries since long back the concept of opc was first recommended by the expert committee of dr jj irani on 31st may 2005 this new concept of ‘one person company’ (opc.
Company incorporation as one person company (opc) is a quite new concept in india but is rapidly becoming a preferred choice of entrepreneurs, who carry the vision, ability and conviction to transform their ideas into business success. The words ‘one person company’ will have to be mentioned in brackets below the name of such company, wherever its name is printed, engraved or affixed one person can form only upto one (1) opcs. One person company is basically a private ltd company in its legal structure and a perfect alternative of an unregistered sole proprietorship firm can i solely start my own company yes, the concept of opc is to promote an individual who wants to start a business on his own along with the shield of private ltd company. One person company (opc) : section 2 (62) defines ‘one person company (opc) as a company which has only one natural person as a member it is incorporated as a private company the words ‘one person company’ shall be mentioned in brackets below the name of the company, wherever it is printed, affixed or engraved.
View all one person company companies in india search for more than 15 lacs companies, 40 lacs trademarks in all classes registered in india. Call efiling portal for registration of one person company in gurgaon and delhi ncr we help to register business with one director. If there is only one promoter/founder, one person company (opc) is the best way to start a company opc is one of the significant milestones of the companies act, 2013, introduced to encourage self-employment with a backbone of india's legal system opc requires one member (member refers to someone.
In this article we take a look at how you can register a ‘one person company (opc) private limited’ in india – a legal registration option introduced by the government in the revised companies act of 2013, with the objective of making it easier for start-ups to register their brands. 12project on “one person company” as the name suggests, a one person company is a form of private company with separate legal entity which is formed with only one person as its member. One person company is a hybrid of sole-proprietor and company form of business, and has been provided with concessional / relaxed requirements under the act opc is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate. One person company is defined in sub-section 62 of section 2 of companies act, 2013, which reads: one person company means a company which has only one member under this type of business entity, there is no need for mandatory minimum two directors, as is the case in private limited company incorporation.
Frequent asked questions on one person company (opc) 1 how to incorporate one person company (opc) a name reservation: form inc-1 shall be filed for name availability incorporate opc: after name approval, form inc-2 shall be filed for incorporation of the opc within 60 days of filing form inc-1 form dir-12 shall be filed along with (linked) form inc-2 except when promoter is the sole. One person company must have minimum one director and a maximum of 15 directors provisions of annual general meeting (agm) and extra-ordinary general meetings do not apply to an opc there is no separate provision for appointment of first director, an individual being member shall be deemed to be first director. A new term of one person company is included in this act that will be a private company and with only 98 provisions of the act notified   a total of another 184 sections came into force from 1 april 2014. The concept of one person company [opc] is a new vehicle of business, introduced by the companies act, 2013 as per section 2(62) of the companies act, 2013 means an individual person can now constitute a company under this concept.
One person company (opc) registration the concept of one person company in india was introduced through the companies act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. Following documents are required from both the directors /promoter and nominee for incorporation of one person company (private limited ) in india 1 pan card (mandatory) 2 id proof (passport, election (voter identity) card, driving license, aadhar card. Opc - one person company is a private company incorporated by one person learn about the steps & faqs for opc registration in india opc - one person company is a private company incorporated by one person learn about the steps & faqs for opc registration in india. Introduction the revolutionary new concept of 'one person company' (opc) has been introduced by the companies act, 2013 this concept of opc was first recommended by the expert committee of dr jj irani in 2005.