One Person Company
One Person Company (OPC) is a new concept of business in India introduced by Companies Act, 2013. As per the Section 2(62) of companies act, 2013 a One Person Company means a company which has only one person as a member.
INCORPORATOIN OF OPC IS JUST IN RS. 5499/- INCLUDING
SEND YOUR QUERY
One Person Company
One Person Company (OPC) is a new concept of business in India introduced by Companies Act, 2013. As per the Section 2(62) of companies act, 2013 a One Person Company means a company which has only one person as a member. Purpose of government behind introducing the OPC concept in India is limited the liability of mirco, small business enterprises and boost the high potential, encourage the entrepreneurship of person.
Hence the ownership and management is done by only one person in a One Person Company and the person shall be a natural person. The nominee of the OPC must be recorded during incorporation of a OPC.
Advantage of OPC
- Limited Liability
- Lesser Compliance
- Perpetual status
- Exit route is easy by just transfer of shares
Who can form a OPC
- Only Natural Person can form an OPC
- The member of the OPC should not be minor
- The Applicant of OPC should be Indian Citizen
- He/She Should be Indian Resident
One nominee has to be appointed by applicant
One person can be member or nominee of any one OPC only
Compulsory Conversion of OPC to Pvt. Ltd. Or Public Ltd. Company
If Paid up share capital of OPC is more than 50 Lakh and
The last three year Average Annual Turnover is more than 2 Crore
Then the OPC must be converted into Pvt. Ltd. Or Public Ltd. Company with in 6 month of fulfillment of above terms
Voluntary Conversion of OPC into Pvt. Ltd. Or Public Ltd. Company possible only after two years from the date of incorporation of OPC.
Maximum no. of director in a OPC is upto 15.
INCORPORATOIN OF OPC IS JUST IN RS. 5499/- INCLUDING
DSC
DIN
Name Approval
MOA & AOA
ROC Registration Fee
Company PAN
Udyam Registration
REQUIRED DOCUMENTS FOR OPC REGISTRATION
- PAN Card, Aadhar Card of All Director
- Voter ID Card/ Driving License/ Passport of all directors/ nominee
- Passport Size Photo of all directors
- Latest Bank Statement or Electricity/Water Bill for Address proof of directors
- Name & Activity of OPC
- Address Proof of Company (Latest electricity or telephone bill) and rent agreement/ ownership document.