One person Company

One person Company

6,061.00

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.

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

Reviews

There are no reviews yet.

Be the first to review “One person Company”

Your email address will not be published.