Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.ONE PERSON COMPANY
With the introduction of the Companies Act, 2013 the concept of OPC(one person company) was introduced to support entrepreneurs who on their own are capable of starting a business by allowing them to create a single person economic entity. Only one single member is required to incorporate an OPC, which is the biggest advantage of OPC over private limited companies & partnerships. Similar to a Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, is easy to incorporate and continues in the foreseeable future.
This is a new concept introduced by the companies’ act 2013 and is available for a business with a capital up to Rs. 50 Lakhs and a turnover up to Rs. 2 Crore. The one person company has some benefits in the companies act in terms of non-applicability of some provisions of the new act.
Minimum Requirement
• Minimum One Person
• Minimum Capital shall be Rs. 100,000
• DIN for the OPC person
• Digital Signature for one person
• Consent From the owner & nominee
• Proof of Registered Address
• NOC from the owner of premises
Document Requirement
• Latest Colour Photo of the one person
• Pan Card of the one person
• Address Proof of the one person, In case Premises is taken on Rent / Lease (Rent agreement will also be required).
• Signature on the DSC Form
• Signature on Affidavit for DIN
• Signature on Consent form
• Signature on Subscriber Sheet