NABL/ANCMT/2023/01/22-03 22.03.

2023

ANNOUCEMENT
ONE PERSON COMPANY

NABL accepts the “One Person Company (OPC)” as a legal entity of CAB under the
Companies Act 2013.

An OPC has features of a Company along with the benefits of a Sole Proprietorship.

An OPC can have just one single member and one Director. The Director and member can
also be the same person.

OPC of sole-proprietor and company form of business has been provided with concessional
/relaxed requirements under the Companies Act, 2013.

The accredited CABS which are under Proprietorship are given a transition period till
31.12.2023 to align with any one of the following legal entities:

Type of Legal Entity Document(s) to be submitted

One Person Company Registration certificate under The Companies Act, 2013

Limited Liability Partnership Registration certificate under The Limited Liability

Partnership Act, 2008

Company Registration certificate under The Companies Act, 1956 or

2013

Society / Trust Registration certificate under Societies Registration Act,

1860 / Registration under The Indian Trusts Act, 1882

Government Gazette or Government Notification or self-Declaration on

Letter head by Head of the organization

(N. Venkateswaran)
Chief Executive Officer