Have a OPC Registration if you all alone to start a venture and wish to limit liability too.
OPC which stands for one Person Company is a whole new concept of single person ownership form. The revolutionary new concept of 'One Person Company' (OPC) has been introduced by the Companies Act, 2013.
One Person Company is a company which can be started by a single person by becoming only shareholder in the company. However, there can be more than one director in one Person Company. It shall also be important to note that Section 3 classifies OPC as a Private Company for all the legal purposes with only one member.
All the provisions related to the private company are applicable to an OPC, unless otherwise expressly excluded. According to the rules only "NATURALLY-BORN" Indian who is also a resident of India is eligible to incorporate an OPC. An OPC is incorporated as a private limited company, where there is only one member and prohibition in regard to invitation to the public for subscription of the securities of the company.
Breakeven Advisory, your trusted legal advisor, provides a cost-effective company registration service in Madhya Pradesh. You may learn how to register your business here. Breakeven Advisory will take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs.
1. A One Person Company is eligible for Start Up India registration.
2. A One Person Company can get bank finance easily.
3. A One Person Company has limited liability like private limited company.
4. A One Person Company is a corporate form of sole proprietorship.
5. A One Person Company can avail various tax benefits.
Any person naturally-born in India can incorporate OPC.
Basic KYC like PAN, Adhaar, Bank Statement, Digital Signature is required.
Details of Nominee in case of death of main shareholder.
Proof of Registered Office is required.
You can enjoy benefits of Private Limited Company by forming One Person Company. One Person Company has national recognition among Banks and NBFCs. OPC is eligible for start-up India registration. However, an OPC cannot raise funds from angle investors as there can be only one shareholder.
Share your contact details and get free consultancy.
Make Online/Offline payment of your selected service
Submit required documents for further process
After completion of work all documents will be deliverd.