Minimum Requirement Must have one shareholder who is an Indian citizen and resident of India Must have one nominee who is also  an Indian citizen and resident of India Must have one director (one shareholder himself can consider as a deemed director) Minimum share capital shall be Rs.1,00,000 Registered office in India DSC (Digital Signature Certificate) obtained by the sole owner DIN (Director Identification Number) of the director Documents Required The mandatory documents required to be filed with the MCA (Ministry of Corporate Affairs) to incorporate an OPC are as follows: Sr.

Stamp duty is collected by the government which is payable for different types of documents as per the Stamp Act.

Here we discuss some important rules for the functioning of the one person company: Rule 3- One Person Company Rule 3(1): Eligibility to incorporate One Person Company or to be a nominee of the company: A natural person An Indian citizen Resident of India Note-A natural person, who stayed in India for a minimum period of 182 days during immediate preceding one calendar year, shall be called a resident of India.

Any individual who is born in India and is a permanent resident of Indian preceding calendar year (i.e stayed here for 182 days).

Every OPC registered in India with the MCA (Ministry of Corporate Affairs) as per the provisions of the Companies Act, 2013 are under an obligation to file the financial statements (except cash flow statement) and annual return.

Related: Personified Features of One Person Company in India In One Person Company shares are owned by the sole member and directors of the company.

As per the provisions of the Companies Act, 2013, every OPC registered in India with MCA shall have minimum one director which may extend to maximum 15 without special resolution.

Difference between OPC and Sole Proprietorship The below tables unveil the differences between the OPC (One Person Company) and Sole Proprietorship: Particulars One Person Company Sole Proprietorship Governing Law One Person Company prevailed by the Companies Act, 2013.

Difference between OPC and Public Company Comparative analysis of One Person Company and Public Company: Particulars One Person Company Public Company Governing Body OPC (One Person Company) is governed by the Companies Act, 2013.

Appointment of nominee Appointing a nominee is necessary by the sole member of the company who must be a resident of India.