One Person Company (OPC)
One person company is a new concept in India which has been introduced by the Company Act 2013. An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. OPC gives a single director to enjoy full control over the business. If an One-Person company cross an average turnover of over Rs.2 crore over three years or has a paid-up capital of over Rs.50 lakh, mandatorily to be converted into a private limited company or public limited company within 6 months from the said period.
Our services for establish your OPC Company
- ● Digital Signature Certificate (DSC)
- ● Director Identification Number (DIN)
- ● Name reservation ofproposed OPC company
- ● Drafting of MOA & AOA
- ● Dedicated CA/CPA/CS/Lawyers
- ● Trademark search for business and registration
- ● MCA Government Fees and XBLR filling
- ● Obtain Corporate Identification Number (CIN)
- ● Application forPAN No. of OPC
- ● Business Idea corroboration.
- ● GST Registration.
- ● VAT & CST Registration.
- ● ESIC & PF Registration
- ● SSI Registration.
- ● Provident Fund Registration
- ● Drafting Lease Deed and its registration
- ● Compare your business entity.
- ● Assistance for Seed Capital.
Merit of OPC Company
- ● Separate legal entity
- ● Easy funding
- ● Minimum compliance
- ● Tax benefit
- ● Benefit of Small Scale Industries
Demerit of OPC Company
- ● Requirement to appoint a nominee.
- ● Ownership limitations
- ● Restrictions on conversion
- ● ESOPs
Registration process of OPC Company
- ● DSC (Digital Signature Certificate)
- ● Director Identification No (DIN)
- ● Company Name Approval
- ● File Final Incorporation Form
- ● File PAN application form
Documents required for registering OPC Company
- ● Copy of Election ID Card
- ● Copy of PAN Card or Passport.
- ● Copy of latest bank statement
- ● Copy of telephone or electricity bill
- ● Passport-sized photograph ofdirector.
- ● Copy of signature (signature should same as on PAN Card)
- ● Scanned copy of Notarized Rental Agreement
- ● For Proposed Registered Office (Residential or Commercial) Any Utility bills
- ● Copy of rent agreement / lease deed
- ● NOC from owner/landlord.
