One Person Company (OPC) Pvt Ltd.
The Companies Act of 2013 introduced a novel concept known as the One Person Company (OPC). As the name implies, an OPC is a company established by a solitary individual. This individual both establishes and manages the company. An OPC encompasses all the attributes of a company, including uninterrupted continuation, confined liability, and an autonomous legal identity.
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Before the implementation of the Companies Act of 2013, a lone individual was unable to create a company. If someone desired to initiate their business, they were limited to a sole proprietorship, as the establishment of a company necessitated a minimum of two directors and two members.
In the context of a Private Company, a minimum of 2 Directors and 2 Members was obligatory, whereas a Public Company mandated a minimum of 3 Directors and 7 members. Previously, an individual couldn’t establish a Company on their own.
As outlined in Section 2(62) of the Company’s Act 2013, a company can now be formed with just 1 Director and 1 member. This Director and member are permitted to be the same individual. This variant of a company entails fewer compliance requisites compared to a private company.
One Person Company Incorporation
Under the provisions of the Companies Act 2013 in India, it is possible to secureOne Person Company registration with the participation of only one member and one Director. It is permissible for the Director and the member to be the identical individual. This avenue allows an individual, whether they are a resident or a Non-resident Indian, to undertake an One person registrationin India.
When initiating the One person company registration online, the primary stage involves acquiring approval for the business name from the Ministry of Corporate Affairs (MCA). This step generally spans a timeframe of approximately 24 to 48 hours. In the context of a private limited company in India, the name’s conclusion should incorporate the term “private limited.” Meanwhile, the nomenclature for a One Person Company concludes with “(OPC) private limited,” Limited Liability Partnerships (LLPs) conclude with “LLP,” and Section 8 companies have the option to conclude with terms like “foundation,” “association,” or “institution.”
It’s imperative that a proposed one person company registration name does not bear resemblance to an existing company’s name, either identically or in a similar manner. Furthermore, eachcompany name must encompass a term signifying the type of activity it engages in.

One Person Company Registration Required Documents
Preparation of the subsequent documents is essential for submission to the ROC:
Eligibility for OPCIncorporation.

Benefits of One Person Company in India
Distinct Legal Identity
Simplified Fundraising
Reduced Compliance Burden
Effortless Incorporation
Drawbacks of One Person Companyin India
Limited Suitability for Small Businesses
Constraints on Business Activities
Conflation of Ownership and Management
Transform your business dreams into reality with Sadique and Ameen Associates. Discover the ease of one person company registration online in India. Our experts will guide you through the process, ensuring a smooth journey to establish your own company. Take the first step towards your entrepreneurial goals with us today!