ONE PERSON COMPANY (OPC):
One Person Company was introduced with the reference of Companies Act, 2013. This is just a featured Add-on to the Sole Proprietorship. In an OPC there can be only one member, the same person is the Shareholder as well as Director. One Person Company have to be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year.
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Advantages
We at legalwiser promote every individual to be an entrepreneur and start their own business and contibute to the society.
Separate Legal Entity
Brand Creation (Reliability)
One Person (whole Decision Making)
Easy Formulation
Requirements to Register
- Obtaining Digital Signature Certificate (DSC)
- Selecting Unique Name for your Company
- Preparing Forms, Documents, MOA & AOA of your Company.
- Filing e-forms with MCA.
- Allotment of COI, PAN & TAN.
- Open your current account with any bank after this.
Documents
- Passport-sized Photo
- Pan card or Passport
- Voter’s ID/ Driving License
- Recent Bank Statement/ Mobile Bill/ Electricity Or Gas Bill
- Notarized Rent Agreement
- Property Deed (if owned Property)
- Pan Card, Aadhaar Card for Nominee
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