Description

One person Company

In 2013, a new concept was launched in Companies Act 2013, about the One Person Company (OPC). Before this act no one could start a company as a single person. He has to choose a sole Proprietorship with 2 directors. 

How many members and directors are required for registration in OPC?

2 Directors and 2 Members are required in the one person company registration. It is incorporated by a single person. Compliances are also less than a private limited Company.

The director and member can be the same individual.

Advantages Of OPC

• Legal status 
• Easy to obtain funds 
• Less compliances 
• Easy incorporation
• Easy management
• Perpetual succession

Disadvantages Of OPC

• Suitable for small business
• Restriction of business activities
• Ownership and management

How to register in OPC?

• Apply for DSC

1. Address proof
2. Aadhaar card
3. PAN card
4. Photo
5. Email Id
6. Phone number

• Apply for DIN
• Name Approval Application
•  Collect Documents
• Filing of Forms With MCA
• Issue of the Certificate of Incorporation