One Person Company
Overview
This type of a company structure is introduced through the Companies Act, 2013. The One Person Company (OPC) structure is unique in that it involves only one shareholder who possesses 100% ownership of the company. To ensure continuity, the appointment of a nominee is mandatory, who would step in for the owner in the event of their demise or incapacity. Notably, an OPC operates as a type of Private Limited Company, providing limited liability protection to its sole shareholder while maintaining the advantages of perpetual existence.
Documents Required
PAN Card
PAN Card of shareholder, nominee, and Directors.
Identity Proof
Director’s Address Proof
Photographs
Business Address Proof
NOC from owner
Rent Agreement