With the introduction of the concept of One Person Company in India, the requirement of having at least two members to start a company has been done away with. This helps a person to enjoy the benefits of a Company without having to share the controlling power with any other person. The compliances involved in OPCs are least and maintenance is easy.

It is suited for Entrepreneurs and Proprietors who cannot avail the benefits of limited liability as they cannot find a shareholder.

Registering a One Person Company gives you the following benefits:

• A separate legal entity
• More opportunities, limited liability
• Minimum Compliances
• The only owner
• The identity is distinct from that of its owners
• Gives your business social recognition and legal structure.
• No loss of personal assets.
• The financial statements of OPC need not include cash flow statements.
• Several provisions relating to meetings and quorum do not apply to OPC.

• Only one person as a member / Shareholder.
• One nominee for the Shareholder.
• DSC (Digital Signature Certificate)

• Name Reservation
• Preparation of Digital Signature Certificate
• Application for Incorporation.

• 10 to 15 working days subject to ROC processing time