Minimum requirement for OPC

  • 5,990 Indian rupees

Service Description

Service Description What is OPC? A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). Earlier, In a Private Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. This prevented a single person from running a company. But now as per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser as compared to a private company. Documents Required For One Person Company Incorporation 1. Copy of PAN Card of shareholder 2. Passport size photograph of the owner 3. Copy of Aadhaar Card/ Voter identity card 4. Copy of Rent agreement (If rented property) 5. Electricity/ Water bill (Business Place) 6. Copy of Property papers (If owned property) 7. Landlord NOC (Format will be provided) Benefits Of One Person Company Incorporation 1. Limited Liability Protection to Director’s personal assets 2. Better image and credibility in Market 3. Easy to raise funds and loans 4. Helps for Testing of Business Model and Enables Funding 5. Complete Control of the Company with a Single Owner 6. Easy to Sell OPC 7. Reduce compliance as compared to other corporate forms of operation Checklist /Minimum requirement for One Person Company Incorporation 1. Minimum 1 Shareholder 2. Minimum 1 Directors 3. Minimum 1 Nominee 4. The directors and shareholders can be same person 5. Only Indian residents can be Shareholder & Nominee 6. Minimum 1 Director must be Indian Resident 7. Minimum Authorised Share Capital to be Rs. 1 Lac 8. DIN (Director Identification Number) for all Directors 9. GST Certificate (if applicable) 10. DSC (Digital Signature Certificate) for 1 Promoters & 1 witness Cost: The Cost of One person Company Incorporation having Capital Contribution of upto Rs.1 Lakhs would be INR 5990/-only . The cost is inclusive of Stamp duty, MCA, and DSC Charges. Contact Details cs@yourkpo.com