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One person company
One Person Company” as the name suggest it is a company which has only one person as a member. It is unique form of business organization introduced by ministry of corporate affairs for small businessman. It is preferred by small entrepreneurs because of low risk taking capacity. It is registered as a private limited company, where there is only one member and prohibition in regard to invitation to the public for subscription of the securities of the company.
Documents required
- 4 Unique names
- Business Description
- Self attested copy of Identity proof of director (Voter ID or Passport or Driving Licence)
- Self attested copy of Address proof of director (Bank statement or Electricity bill or Telephone bill)
- PAN and Aadhar card of Director
- Business Address proof (Electricity Bill + Rent agreement + NOC)
- Passport size photo of director
- Pan and Aadhar card of nominee
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Pricing Summary:
Market Price
₹11999
Our Price
₹9999
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Merits
- Separate Legal entity
- Benefits of sole proprietorship firm
- Ideal for single Entrepreneurs
- Secrecy
- Easy formation
- Flexible organization
- More control our business
- Registered form of sole proprietorship
FAQs
What is OPC?
One Person Company” as the name suggest it is a company which has only one person as a member. It is unique form of business organization introduced by ministry of corporate affairs for small businessman. It is preferred by small entrepreneurs because of low risk taking capacity. It is registered as a private limited company, where there is only one member and prohibition in regard to invitation to the public for subscription of the securities of the company.
What are the restrictions on OPC?
OPC is suitable for small businessman where the turnover is below Rs. 2 Crores, and the maximum amount of capital is Rs. 50 Lac.
Who can start OPC?
Natural person and an Indian citizen, resident in India for at least 182 days during the previous calendar year.
What is minimum amount of capital for OPC?
The OPC must have a min authorized capital of rupees 1 Lac.
How many employees can work in OPC?
There is no restriction on number of employees. Membership of OPC is restricted to one but directors and employees can be more than one.