Key Features of One Person Company (OPC) Registration:

1. Single Owner: An OPC can be formed and operated by a single individual, who is both the shareholder and the director of the company.

2. Limited Liability: The owner’s liability is limited to the extent of their investment in the company, protecting personal assets from business debts.

3. Separate Legal Entity: The OPC is recognized as a separate legal entity, allowing it to enter contracts, own assets, and incur liabilities independently of its owner.

4. Minimal Compliance: OPCs face fewer regulatory requirements compared to private limited companies, making it easier for single entrepreneurs to manage.

5. Conversion: An OPC can be converted into a private limited company or a public limited company if it exceeds certain thresholds in terms of turnover or paid-up capital.

Registration Process:

1. Name Reservation: Choosing and reserving a unique name for the OPC.
2. Documentation: Preparing essential documents, such as the Memorandum of Association (MoA), Articles of Association (AoA), and identity proof of the sole member and director.
3. Filing with Authorities: Submitting the required documents to the Registrar of Companies (RoC) for registration.
4. Certificate of Incorporation: Upon approval, receiving a Certificate of Incorporation, confirming the legal existence of the OPC.

OPCs are ideal for entrepreneurs who want to start a business with limited liability and minimal regulatory burden while retaining full control over the operations.