Let’s understand the advantages of One Person Company
The shareholder of the OPC enjoys limited liability in case of unfortunate events. The liability of the shareholder is limited to the investment made in the One Person Company. All the personal assets of the shareholder will be safe.
One Person Company enjoys all the benefits of Private Limited Company but comparatively it has less compliance burden. An OPC does not have hold a board meeting every quarter and AGM’s, etc. OPC have been provided with exemption on various compliances.
Large organizations and governments prefer to work with One Person Company Instead of sole proprietorship. As it is a registered entity type and enjoys corporate status in business world.
Banking and financial institutes prefer to lend money to a One Person Company rather than a Sole Proprietorship business. As it is registered type of entity and regulates through the company laws
• 1 shareholders
• At least 2 Directors - Maximum of 15
• At least 1 Nominee
• Directors and shareholders can be the same person
• An address which acts as a registered address of the company
For Each Director and shareholder
1. PAN card* (Mandatory for Indians & others if held)
2. Passport* (for NRI, Foreigners, and Indians if held)
3. Address proof (any 1 of) (Not more than 2 months old)
a. Bank Statement
b. Phone Bill
c. Mobile Bill
d. Electricity Bill
(Note - For NRI & Foreigners Documents issued by foreign authorities or signed outside India must be notarized & apostilled)
For Registered Address
1. NOC from Owner*
2. Rent Agreement*
3. Utility Bill*
Once the founders of the company finalize on the name of the company. Then the process of incorporation of One Person Company starts as below (Note: Name of the company can be different from the brand name, it is not mandatory to have same brand name as a company name)
Step 1: Application for DSC (Digital signature certificate) and DIN (Directors Identification Number)
Step 2: Apply for the Name reservation
Step 3: Drafting & filing MOA & AOA to register the One Person company
Step 4: Apply for the PAN and TAN of the company
Step 5: Issue Certificate of Incorporation along with PAN and TAN of the company
a. DSC of directors and shareholders
b. PAN and TAN number
c. Certificate of incorporation
d. MOA & AOA of the company
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.