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One Person Company

A One Person Company (OPC) in India is a type of business introduced under the Companies Act, 2013 that allows a single individual to start a company with limited liability and a separate legal identity.

It offers the independence of a sole proprietorship along with the protection and structure of a private limited company, requiring one owner, one director, and a nominee to take over in case of unforeseen circumstances.

Key Features & Requirements

  • Liability: The owner’s financial risk is confined to the amount they have invested, so their personal assets are not used to cover business debts.
  • Structure: The business has its own legal identity, separate from the person who owns it.
  • Compliance: It has simpler compliance requirements than a private limited company, with fewer board meetings and no need to hold an Annual General Meeting (AGM).
  • Capital: A One Person Company (OPC) in India does not require any minimum paid-up capital, so it can be started with a small investment. However, it generally needs an authorized capital of around ₹1 lakh, which can be adjusted based on the needs of the business.

Document Requirements

  • PAN Card mandatorily required for all Indian partners.
  • Aadhaar Card, Passport, Voter ID, or Driver's License as address proof.
  • Bank statement, electricity bill, or phone bill (not older than 2 months) as residence proof.
  • Passport-sized photographs of all partners.
  • No Objection Certificate (NOC) from the property owner.
  • Digital Signature Certificate (DSC).
  • Sale Deed/Property Deed.
  • Consent Forms.

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Amit Kumar
Business Owner

Working with AccountingEra has been a game-changer for our business. From GST filings to financial advisory, everything is handled with precision and transparency. Their practical approach and timely execution give us complete peace of mind.

Dinesh Kumar
Partner - Tech Company

AccountingEra is more than just a consulting firm — they are a strategic partner in our growth journey. Their financial insights and compliance support have helped us make better decisions and stay ahead of regulatory requirements.

Deepak K
Product Manager

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