One Person Company
A Properitorship with added advatage of company is an OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understand for a-One Person Company.
Legal framework of sole proprietorship is a one person Company. A person with distinct identity can start their own business individually with advantage of legal registration on MCA. Entrepreneurs who have to start a single person company can do so with register as One Person Company, it makes more beneficial without intervention of other person. A new idea that will create a boom in economy due to adoption by entrepreneurs. One person company has less lengthy process of incorporation and easy to maintain comparatively other forms of business.
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Advantages
- Limited Liability- Limited to Percentage of Shares.
- Separate legal entity – Separate identity as per law.
- Continued Existence- Separate legal entity does not deviate from the existence of partners.
- Singly controlled company- Features of proprietorship firm in form of company.
Documents Required
- Name of the LLP (As suggested by Nominee of the OPC and approved by MCA)
- Object/ Main Business of the OPC (As per Nominee of the OPC)
- Office Address proof (Electricity bill , telephone bill )
- Photo (for Nominee)
- Digital signature (for Nominee)
- Valid mail id and phone no. (for Nominee)
- Declaration by the partner (Format as suggested by CAVKMASKARA & Associates)
- ID Proof and Residential Address proof(for nominee) (Pan card , Aadhar card, Voter ID , Passport, Bank Statement ETC)
FAQ
Any adult individual can become the nominee of the One person company .
A One person company can start even from your home except with proper address proof.
Minimum authorised capital requirement of Rs. 100,000. However paid capital will be introduced even less than Rs.100,000.
Benefit in terms of corporate structure with benefits of properietorship firm and private limited company.
Any adult individual can become a shareholder/director in a One person company. There is no requirement of educational qualification.
Yes, A company can change its registered office any time after following specified procedure.
Yes, you as a employee in any organisation can become the director/member in One person company.
LegalNemBrij.com can incorporate a One person company within 15 days subject to available documents and approval of Government.
Other Relevant Registration
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Our Introduction
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