{"id":727,"date":"2017-03-14T12:29:04","date_gmt":"2017-03-14T12:29:04","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=727"},"modified":"2020-10-07T10:01:21","modified_gmt":"2020-10-07T10:01:21","slug":"one-person-company-registration","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/one-person-company-registration\/","title":{"rendered":"Rules and regulations under one person company registration"},"content":{"rendered":"

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.The concept of One Person Company <\/a><\/strong>[OPC] is a new vehicle\/form of business, which was introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling the Entrepreneur(s) to carry on the business in the Sole-Proprietor to form of business to enter into a Corporate Framework.
\nOne Person Company<\/a><\/strong> is thus a hybrid of a Sole-Proprietor and a \u00a0Company form of business. It has been provided with the concessional\/relaxed requirements under the one person Act.<\/p>\n

This article will tell about the rules and regulations that one person company registration<\/a>\u00a0<\/strong>needs to follow.
\nOnly one shareholder:<\/u><\/p>\n

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    Features of One Person Company (OPC)<\/strong><\/h3>\n<\/li>\n<\/ol>\n

    Only a natural person, who is an Indian citizen and\u00a0a resident in India\u00a0shall thus be eligible to incorporate a One Person Company.<\/a>\u00a0<\/strong><\/p>\n

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      Nominee for the shareholder: <\/u><\/strong><\/h3>\n<\/li>\n<\/ol>\n

      The Shareholder shall thus nominate another person who would become the shareholders in case of death\/incapacity of the original shareholder. Such nominee shall thus give his\/her consent and such consent for the appointment as the Nominee for the sole Shareholder. Only a natural person, who is an Indian citizen and a\u00a0 resident in India shall thus be the nominee for the sole member of a One Person Company<\/a><\/strong>.<\/p>\n

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        Director :<\/strong><\/span><\/h3>\n<\/li>\n<\/ol>\n

        The company needs to have a minimum of One Director, the Sole Shareholder can thus himself be the Sole Director. The Company may, however, have a maximum number of 15 directors.<\/p>\n

        Terms and the\u00a0 Restrictions of OPC Registration<\/strong><\/h2>\n