One person Company

Description

One Person Company is a new type of business entity that allows a single individual to open a corporate firm with limited liability protection.

One of the greatest advantages of this plan is that there can be just one member in an OPC, while a minimum of 2 members are required for incorporating and maintaining a Private Limited Company or LLP. Hence, you can choose this plan if you want to open your company as a One Person Company (OPC) in India, that too at a minimal cost and fuss-free.

What is Covered

Name Reservation
Obtaining Director Identification number (DIN)
Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)
Obtaining Certificate of Incorporation
Allotment of PAN
Allotment of TAN

What is not Covered

Appointment of foreign national or Foreign Body Corporate as a director
Approval from RBI, SEBI or IRDA for incorporation
If the Authorised Share Capital of the Company exceeds INR 10,00,000 additional charges may be levied by ROC. Such additional charge is excluded
GST Registration

Information guide

You should keep the following documents ready:

Passport size photos of directors
Address proof of directors
Photo ID proof of directors
Specimen signature - Self declaration about your directorship in other companies
Rent agreement of your registered office
No objection certificate from the owner