- One Person Company (OPC): It has only one shareholder, limited
liability,
and no requirement for appointing a minimum number of directors.
- Limited Liability Partnership (LLP): It has two or more partners,
each with limited liability
for their own actions and the actions of those they supervise.
- Private Limited Company (Pvt Ltd): It requires a minimum of two
shareholders and two directors,
offering limited liability and the ability to raise funds through share issuance.
OPC must comply with the following rules:
- The owner must be an Indian citizen and resident in India.
- It cannot have more than one shareholder.
- The minimum authorized capital is not applicable.
- It must add One Person Company to its name to distinguish it from other types of
companies.
Yes, OPC can have directors, but it must have a minimum of one director at all times.
The sole shareholder is also the director by default.
OPC is a type of private company. It has all the features of a private company with the
exception that it can have only one shareholder.
To register an OPC company in India, follow these steps:
- Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN)
for the proposed director.
- Choose a suitable name for the company, adhering to the naming guidelines.
- Prepare the necessary documents, including MOA, AOA, and address proofs.
- File the application for OPC registration with the Registrar of Companies (ROC).
- Pay the required registration fees and stamp duty.
- Once approved, the ROC will issue a Certificate of Incorporation, and the company
will be officially registered.
