Features
| Principal Legislation | Companies Act, 2013 | A One Person Company is governed by the provisions of the Companies Act, 2013. |
| Separate Legal Entity | Yes | Separate Legal Entity happens to be one of the main features of a One Person Company. |
| Registration | Mandatory | Registration is mandatory to commence with its operations. |
| Number of Members | 1 | There should be a minimum of 1 member who is required to be a Resident of India and must be an Indian Citizen. |
| Liability | Limited | Liability of the member (s) is limited. |
| Transfer of Shares | Yes | |
| Compliance | Moderate | The level of compliance is moderate as compared to the other structures. |
| Director | Minimum – 1 Maximum – 15 | There has to be a minimum of 1 Director and the maximum number is 15. |
Documents Required.
- PAN Card of the Shareholder/Directors/Nominee.
- Digital Signature Certificate (DSC) of the Shareholders/Directors.
- Proof of identity (POI) of the Shareholders/Directors.
- Proof of address (POA) of the Shareholders/Directors.
- Address Proof of the Registered Office.
- No Objection Certificate (NOC) of the owner of the Registered Office.
- Rent Agreement of the Registered Office if applicable.
- Any other documents based on the specific requirements if any.