{"id":737,"date":"2017-03-15T05:47:34","date_gmt":"2017-03-15T05:47:34","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=737"},"modified":"2020-10-07T09:44:06","modified_gmt":"2020-10-07T09:44:06","slug":"requirements-opc-registration","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/requirements-opc-registration\/","title":{"rendered":"What are the requirements for OPC Registration?"},"content":{"rendered":"

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The concept of <\/span><\/span><\/span>One<\/a> Per<\/a>son<\/a> Comp<\/a>any<\/a>,\u00a0OPC<\/a> regist<\/a>ration<\/a> 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. It allows one person to run the whole business and its shares.<\/span><\/span><\/span><\/p>\n

One Person Company is thus a hybrid of a Sole-Proprietor and a Company form of business, and it has been provided with the concessional\/relaxed requirements under the Act.<\/span><\/span><\/span><\/p>\n

This article will tell us about the minimum requirements of a one-perso<\/a>n<\/a> company<\/a>. <\/span><\/span><\/span><\/p>\n

Only one shareholder: <\/b><\/u>Features of One Person Company (OPC)<\/b><\/span><\/span><\/span><\/h3>\n

Only a natural person, who is an Indian citizen and\u00a0a resident in India\u00a0shall thus be eligible for one person company registration<\/a>.<\/span><\/span><\/span><\/p>\n

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  1. \n

    Nominee for the shareholder : <\/b><\/u><\/span><\/span><\/span><\/p>\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.\u00a0 Such nominee shall thus give his\/her consent and such consent for being appointed as the Nominee for the sole Shareholder. Only a natural person, who is an Indian citizen and a resident in India shall thus be considered to be a nominee for the sole member of a One Person Company<\/a><\/strong>.<\/span><\/span><\/span><\/p>\n

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    1. \n

      Director <\/b><\/u><\/span><\/span><\/span>: <\/span><\/span><\/span><\/p>\n<\/li>\n<\/ol>\n

      The company requires to\u00a0have 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.<\/span><\/span><\/span><\/p>\n

      Thus as per the Companies Rules, 2014, the following person can thus be eligible for\u00a0<\/span><\/span><\/span>OPC<\/span><\/span>\u00a0registration in India. <\/span><\/span><\/span><\/p>\n

      Thus only a natural person who is an Indian citizen and also resident in India.<\/span><\/span><\/span><\/p>\n

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      1. \n

        Shall thus be eligible for\u00a0<\/span><\/span><\/span>one person company registration<\/span><\/span><\/a><\/strong><\/p>\n<\/li>\n

      2. \n

        Shall also be a nominee for the sole member a One Person Company <\/span><\/span><\/span><\/p>\n<\/li>\n<\/ol>\n

        Thus some of the minimum requirements for one person company registration:<\/span><\/span><\/span><\/strong><\/p>\n

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        1. \n

          Minimum 1 Director <\/span><\/span><\/span><\/p>\n<\/li>\n

        2. \n

          A Minimum of 1 member <\/span><\/span><\/span><\/p>\n<\/li>\n

        3. \n

          Minimum share capital shall be Rs.100,000 (INR One Lac ) <\/span><\/span><\/span><\/p>\n<\/li>\n

        4. \n

          Application of allotment Director Identification Number<\/a><\/strong> ( DIN ) <\/span><\/span><\/span><\/p>\n<\/li>\n

        5. \n

          A Digital Signature Certificate ( DSC)<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ol>\n

          Also, some of the documents for <\/span><\/span><\/span>One Person Company<\/span><\/span> are : <\/span><\/span><\/span><\/strong><\/h3>\n