ONE PERSON COMPANY (OPC)

Companies Act,2013 introduced a concept of OPC- One Person Company. It is created and managed by one/single person.

Features:

• Easy to obtain funds 
• Less compliances 
• Easy incorporation 
• Perpetual succession

How registration process goes:

The registration process for an OPC involves two parts, as follows:

• Part I:   SPICe+ form is used for obtaining approval of desired company name and  to apply for the Director Identification Number (DIN) or (PAN) of the    proposed director.

• Part II: This includes incorporation-related details. Here, you will provide information such as the registered office address of the OPC, share capital details, particulars of the director, and details of the shareholder