One Person Company
One Person Company (OPC) allows a single Entrepreneur to operate a corporate entity with limited liability protection. The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One Person Company feature is such that it has only one shareholder who owns 100% stake of the company. To maintain the character of perpetuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his inability. One person company is a type of Private Limited Company.
One Person Company Registration
Procedure for One Person Company Registration
Once a name for the company is decided, the following steps have to be taken by the applicant
Fill Simple Online Form
You are required to place the Enquiry and fill your details in our simple questinnaireVerification of documents
You can submit the documents by email or whatsapp and we will verify the sameDSC Application
Obtain DSC and DIN (Director Identification Number) for OPCVerification and Name Approval
We will verify the documents and then we shall apply for LLP Name approvalCertificate of Incorporation of OPC
We will apply for and obtain Certificate of incorporation of OPCApplication for PAN And TAN
We will make application of PAN And TAN with NSDLF.A.Q - One Person Company Registration
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How many people are required to start OPC?
At least one nominee is required to start an OPC who can act as a shareholder as well as a director.
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How long the incorporation of the company is valid for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
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Is an office required for starting one person company?
An address in India where the registered office of the One Person Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
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What is a nomination in OPC Registration?
Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one-person company, any other person is nominated as the nominee with their consent.
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What is the minimum requirement for incorporation of OPC?
- At least 1 shareholder
- At least 1 director. The director and shareholder can be the same person.
- Minimum one nominee
- Shareholder/nominee need to be a resident of India
- Minimum Rs.1 lakh to be authorized share capitals.
- DSC and DIN for director
Contact
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