ABOUT ONE PERSON COMPANY (OPC)
A One Person Company (OPC) is a unique business structure in India introduced under the Companies Act, 2013, which allows a single individual to start and operate a company with limited liability. OPC registration in India is ideal for solo entrepreneurs, freelancers, consultants, and small business owners who want the benefits of a company while retaining full control.
BENEFIT OF ONE PERSON COMPANY (OPC)
-Limited Liability
-Separate Legal Entity
-Perpetual Succession
-Single Owner
-Enjoy the benefits of Sole Proprietorship in Corporate Form
-No AGM is required to be conducted mandatorily
-No Board Meeting is required if there is one director
-Easy to manage
-Quick Desion Making
RESTRICTION ON ONE PERSON COMPANY (OPC)
-Members is restricted to 1 only
-Minor shall not be allowed to be member or nominee
-Only Natural person and resident in India is allowed to form OPC
-Coversion from OPC to section 8 company is not allowed
-OPC is not allowed to carry NBFC/Certain Financial and Charitable Activities
DOCUMENTS REQUIRED FOR INCORPORATION OF COMPANIES
-Unique name of Proposed Company
-KYC of Proposed directors (PAN/Adhar/Mobile Number/Email ID)
-Passport Size Photograph of Proposed Directors
-DIN of proposed director, if already having DIN
-Digital Signature (DSC) class-3 of proposed directors
-Residential Proof
-Address Proof of registered office of Company along with latest supporting documents
-No objection Certificate
PATHWAYS FOR INCORPORATION OF COMPANIES
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