One Person Company

One Person Company

An OPC is the advanced version of a sole proprietorship concern. It equips a sole proprietor with the many benefits of a Company such as a corporate status, separate legal entity, limited liability, continuity of business, etc; along-with giving the sole proprietor the full control of his company. This person will be the only director and shareholder of the company. Original director has to appoint a nominee director, who will be handling the OPC incase this person is incapable of doing business.

However, an OPC is not recommended to entrepreneurs looking for outside funding or raise venture capital or attract talent with employee stock options. Moreover an OPC must be compulsorily converted into a Pvt Ltd Company if its paid-up share capital is more-than or equal to Rs.50 lakhs or it crosses an annual turnover of Rs.2 crores. An OPC’s books of accounts needs to be compulsorily audited as per Company’s Act, 2013.

What you get

  • 1 Digital Signature Certificate of two partners – 2 years validity (DSC)
  • 1 Director Identification Numbers (DINs)
  • Memorandum & Articles of Association – 5 copies
  • Name Approval of OPC
  • PAN & TAN of OPC

Rs. 11999 [Everything included]

Time Line: 15 ‐ 20 working days


Highlights

Separate Legal Entity

Introduction of Fast Track Incorporation mode INC-29


Higher credibility compared to a Sole Proprietorship firm

Easily transferable


Testimonials

FAQs:

What is a Digital Signature Certificate (DSC)?

a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally. It is required to be affixed on the incorporation forms.

What is a Director Identification Numbers (DIN)?

It is an unique Identification Number allotted to an individual who intends to be appointed as director of a company. An individual should not have more than on DIN.

What is a Memorandum of Association (MOA)?

MOA is a fundamental document of the company. It states the main and the ancillary objects of the company i.e. for what business is the company incorporated. The activities of the company are bound by its MOA and any activity done ultra‐vires of the MOA it may attract penalty.

What is a Articles of Association (AOA)?

AOA is an internal document of the company. It the rules and regulations for internal conduct of day to day business of the company.

What is a PAN?

PAN is a unique 10 character alpha‐numeric identifier for Indians, especially for those who pays Income Tax. It is an important proof of Identification.

What is a TAN?

TAN is a unique 10 character alpha‐numeric identifier for those Indian companies who has to deducts TDS / TCS [Deduct or collect tax on payments made by them.]

What is the minimum / maximum numbers of shareholders required in the company?

Minimum & Maximum one shareholder [same person as director]

What is the minimum / maximum numbers of directors required in the company?

Minimum & Maximum one director [same person as shareholder]

How to chose a name for OPC

You have to choose a unique name which doesn’t match with any existing company and is structured in accordance with the guidelines issued by ROC. The name of your company will end with “(OPC) Pvt Ltd”

How will BizExpress incorporate my company, if we are in different cities/states?

Company incorporation is an online process which can be done from anywhere. We will require a complete and clear set of documents as per our checklist.

Is the physical presence of the directors required during the company registration process?

No physical presence of directors is not required

Can a salaried person be a shareholder / director in the company?

There is no restriction by Government in this regard, but the terms of engagement in current employment has to be checked thoroughly.

What is a authorized share capital?

It is the maximum money the company can raise through sale of shares. Minimum authorised share capital is Rs.100000/- You can increase the authorised share capital of the company, any time after the company is incorporated.

What is a paid‐up share capital?

A company may not issue its full authorised share capital by keeping balance authorised share capital as reserves for future use. The amount of shares issued is known as paid-up share capital. Minimum paid-up share capital is ZERO [Post-amendment]

Can the registered address be the residential address? or Is a commercial address required as a registered address of the company?

Your residential address can be used as a registered address of the company. A commercial address proof is not compulsory.

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