One Person Company
One Person Company is a hybrid form of sole proprietor and company form of business. It gives the status of a private limited company at the same time enjoying relaxed compliance requirements under the Companies Act, 2013
Advantages
- Only one member required to form OPC
- Complied with the provisions of Companies Act, 2013
- Separate legal entity from its member
- Perpetual succession meaning uninterrupted existence irrespective of the changes in Partnership
- Can nominate a nominee director to become director in case promotor director is disabled
- Can be converted in to a Private Limited in case turnover cross rupees 2 crores
- Limited liability on the member
- Easy transferability of sharesp
- Easy borrowing capacity
Documents Required
- Copy of PAN
- ID Proof (Voters ID/Passport/Driving License/Aadhar Card)
- Address proof (Bank Statement/EB Bill/Telephone/Mobile Bill) not older than 2 months
- Rent Agreement/NOC from Owner
- Khatha/Property Tax paid challan
- Photo
Now register your One Person Company at ₹ 14,500 in just 4 steps