Start your Business as a One Person Company
One Person Company (OPC) is private limited company owned by a single person who is citizen and resident of India. This company form was introduced as a replacement of sole proprietorship model for small business entities where liabilities are not charged over the personal assets of the sole member. OPCs are governed by Companies Act of 2013, and Ministry of Corporate Affairs.
Attributes of a One Person Company
- Ownership defined by share capital
- Maximum fifteen Directors are allowed
- Compulsion for directors to have DIN
- Eligible to avail Startup India scheme
- Separate ownership and management
- Predefined MOA with objects and powers
- Predefined AOA with rules and regulations
- Liability of directors and members is restricted
- Separate legal existence and corporate status
- Expensive to maintain than proprietorship firms
- Greater Operational requirements than proprietorship firms
- Lower Compliance requirements than regular private companies
Pre-requisite Documents required for Registration
- Photograph of shareholder and all directors
- PAN Card copy of shareholder and all directors
- ID Proof copy of shareholder and all directors
- Address Proof copy of shareholder and all directors
- Active DIN and Digital Signature of directors
- Address Proof copy of registered office
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Our Registration Process Inclusions
- Registration related consultancy
- Collection of basic information and documents
- Obtaining DIN and Digital Signatures
- Attaining approval for Company Name
- Drafting MOA, AOA and required documents
- Obtaining Pan Card of firm for filing process
- Stamp and Notarization of necessary documents
- Preparation and filing of registration forms
- Procurement of certificate of incorporation