The idea of One Person Company (OPC) in India was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. Since, no intervention from any third
party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
One Person Companies are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial.
One Person Company, which is a new concept in India, already sees a big boom. A huge impact on the economy and development of nation is expected. It gives opportunities to many and will therefore bring creative and young minds in front
of everyone. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
Only one member is required
Unaffected by death of member or change in ownership.
Easy to set up and maintain comparatively
Limits the liabilities of its members
Minimal Paperwork is required
Can act as Stockbroker or Sub-broker
Not many compliances
PAN Card
Voter Id / Aadhaar Card
Driving License / Passport
Latest Bank Statement / Mobile Bill
Passport Size Photograph
Rental Agreement (In English)
No Objection Certificate
Electricity Bill
Sale Deed / Property Deed
Tax Paid Receipt ( In case of own property )
DSC for Directors
DIN for Directors
Articles Of Association (AOA)
Company PAN & TAN
Company Incorporation Certificate
Memorandum Of Association (MOA)
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company,
only investment in business is lost, personal assets of the directors are safe.
In India, OPC is a Private limited company, which is a popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship firms.
OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.
The OPC business helps Startup Entrepreneurs to easily test their business model, and upon building a marketable product, they can approach Angel investors, Venture capitalists for funding and easily convert their OPC into multi
shareholder Private Limited company.
This leads to fast decision making and execution. Yet OPC can appoint as many as 15 directors for administrative functions, without giving any share to them.
OPC Company is easy to sell, very less documentation and cost is involved in selling a One Person company.
Copyright 2019 @ Regal Corporate Solutions