One Person Company (OPC) Registration

One Person Company, the most popular legal structure for businesses, should be chosen by anyone looking to build a scalable business. It is one of the most popular legal structure option for businesses in India. One Person Company has only 1 Director. A director of a One Person Company has limited liability to creditors. In case of a default, banks / creditors can sell only company’s assets but not the personal assets of a director. A One Person Company is considered one of the most popular corporate entity amongst the small, medium and the large businesses in India due to its various advantages.

The process for registration of a company is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A natural person can be a director and as well as shareholder, where a corporate legal entity can only be a shareholder. In addition to that, foreign nationals, foreign corporate entities or NRIs are also allowed to be the Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Start-ups and growing businesses choose to register a company in India because it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to attract top talent. As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Limited Liability Partnership (LLP) or General Partnership. At Veracity Legal, we are continuously available to help you understand how to register a One Person Company. Company Registration in India can be done through Veracity Legal in all major cities including Nagpur, Mumbai, New Delhi, Chennai, Kolkata & all other Indian cities.