One Person company is a new concept introduced in the Companies Act, 2013. 'One Person Company means a company which has only one member'. Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. Following are some of the advantages of forming one person company(OPC).

  1. 1. The biggest advantage of a one person company is that its identity is distinct from that of its owner. Therefore, if the firm is embroiled in a legal controversy, the owner will not be sued, only the company will.

  2. 2. Small Entrepreneurs who are running their businesses under the proprietorship can convert their business model to OPC without much compliance.

  3. 3. Since the company is distinct from that of its owner, the personal assets of the shareholders and directors remain protected in case of a credit default. However, a proprietorship offers no such advantage.

  4. 4. Complete Control Of The Company With The Single Owner which leads to fast decision making and execution.

Our team of professionals will provide following services to our clients:

  • - Incorporation of one person company
  • - Conversion of one person company & matters related thereto.

Basics Requriments of OPC

  • - Only one director is required to incorporate an OPC
  • - Minimum requirment of share capital is one lakh.
  • - Require Documents Address & ID proof of all Directors.

Mandatory - PAN Card

Address Proof :   Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill.
ID Proof :  Voters Identity Card / Driving License / Passport / Aadhar Card.
Address Proof of Registration Office :  Address proof of proposed registered office address for registration of company.