One Person Company (OPC)
It is registered who has only one shareholder. It is a private limited company.
Ideal forSolo promoters
Time Required14-30 days
FeesStarting at Rs.500 onwards
Born in India is also a resident of India for at least 182 days during the previous Financial year. One of such person cannot form more than one OPC. Annual returns of an OPC must be signed by Company Secretary and The Director. Financial Statement of an OPC has to be approved by the board and needs to be signed by only one director for submission to the auditor. One must have minimum share capital of Rs.1 lakk and OPC cannot issue shares to public for subscription. As per the company law guidelines, a OPC company shall be converted into a private limited company within 6 months upon reaching average three year turnover of rupees 2 crores or when the paid up capital of the company exceeds Rs. 50 Lakhs.
Included in our Package
- Digital Signature
- Accounting/Bookkeeping
- Roc Filings
- Filing of Income tax return
Documents Required
- Pan Card of the all Director
- Two colour photo of the all Director
- Address Proof of all Director
- Signature on Affidavit for DIN
- Signature on the DSC Form
- Signature on Subscriber Sheet
- Signature on Consent form
In case Premises is taken on Rent / Lease (Rent agreement will also be required)
Procedure/Step for Registration
- 1
Obtain Digital Signature Certificate [DSC] for the proposed Director(s).
- 2
Obtain Director Identification Number [DIN] for the proposed director(s).
- 3
Select suitable Company Name, and make an application to the Ministry of Corporate Office for availability of name.
Advantage of Partnership Firm
- Only one member is required.
- Unaffected by death of member or change in ownership.
- Easy to setup and maintain comparatively.
- Limits the liabilities of its members
- Minimal Paperwork is required.
- Can act as Stockbroker or Sub-broker
- Not many compliances
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