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One Person Company Incorporation

Starting At ₹ 3,999/- (Onwards) + GST

It just Takes (10 to 15 business days, subject to Government processing time.) days
Overview

What is One Person Company Incorporation Overview

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.

Process for One Person Company Incorporation

Step 1

Check eligibility and documents

Step 2

Check eligibility and documents

Step 3

File RUN Application for Name Reservation

Step 4

File Spice Plus Form for Company Incorporation

Step 5

Apply PAN and TAN for Your New Company

Step 6

Issuance Of Certificate Of Incorporation By The Authorities

Step 7

Open Bank Account and Start Operation

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Documents Required 

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  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)

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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

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  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. DSC (Digital Signature Certificate) for 1 Promoters & 1 witness

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