One Person Company Registration
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The concept of OPC was introduced in the Companies Act, 2013 which proves to be a game-changer. First of all, a single person can form the One Person Company. The basic requirement of OPC is it can only have one director or Shareholder. So Entrepreneurs who want to shape their idea or are sole promoters of their business can opt to it.
Law Samadhan provides cost-effective solution for your business. We will take care of all the formalities that are to be done for your OPC registration. We have a quick response team and we are more affordable than any other professional.
Since it is one person company it gets various exemptions from govt
Just one director and one nominee are needed, and a member can also serve as a director, making the process straightforward and easy. Get your business up and running in no time with minimal hassle
Whole of the company is run by a single person make’s it manageable and decision-making process is fast
One person company is a separate legal entity so its liability is limited to its share capital
PAN CARD of Directors and Members
Passport If NRI or Foreign National
Aadhar/Driving License/Voter Id of Directors and Members (As identity Proof)
Bank Statement/Electricity or Gas Bill/Telephone or Mobile Bill (As Address Proof)
Passport Size Photograph of Directors and Members
Business Address Proof:
Electricity Bill/Water Bill (Latest)
If Rented: Rent Agreement and NOC from the Property owner
If Owned: Copy of Property Papers
Note : *In case of NRI or Foreign National the documents of Directors and Shareholders must be Notarized or Apostilled.
There is no minimum capital requirement for an OPC. The share capital of the OPC shall not be more than fifty lakh rupees or such higher amount as may be prescribed.
No, an OPC can have only one director who is also the sole member of the company.
Yes, an OPC can appoint a nominee, who will take over the position of the sole member in the event of his/her death or incapacity.
It typically takes around 15-20 working days to register an OPC, provided that all required documents and information are in order and there are no complications or objections.
Yes, An OPC can be converted into a Private Limited Company later on if it meets certain conditions. The conditions are if it has a paid-up capital of at least Rs. 50 Lakhs or has an average annual turnover of at least Rs. 2 Crores.
An OPC is required to get its accounts audited if its turnover or paid-up capital exceeds certain thresholds.
No, an NRI or Foreign National cannot be the member of OPC. Only Indian citizens and residents are eligible to incorporate an OPC.