About One Person Company (OPC) 

It is a new type of entity whose concept is introduced in India by Companies Act, 2013. It refers to a company which has only one Individual person as its sole member having all its control over the affairs of the company. This concept of OPC works on the principles of an ordinary company i.e. having all the features of a company like separate legal entity form its members, limited liability, perpetual succession etc. All the formalities corresponding to the resolutions and other compliances requires the only authorization from that sole member which results in quick decision making and time saving. The mechanism of OPC is introduced with a view of making the unorganized sector to organized as the Sole traders got a good opportunity to getting enter into the organized sector without getting other peoples to join him and having all benefits of that sector.

Requirements:

  • Only Individual person who is a citizen and resident in India who lived in India for a period of 182 days or more during the preceding one year.
  • Nomination of the sole member is compulsory.
  • Minor cannot be the member but can be registered as a nominee.
  • No minimum capital requirement.
  • DSC (Digital Signature Certificate) is required.
  • Minimum 1 Director is required.

 

Documents for OPC Company Registration:

  • Copy of PAN Card of member and director
  • Passport size photograph of member and director
  • Copy of Aadhar Card/ Voter identity card/ Driver’s license as address proof member and director
  • Electricity/ Water bill/ Telephone bill/ Latest bank statement as proof of Registered Office (Business Place)
  • Copy of Sale Deed/Property Deed (If owned property), otherwise the Landlord NOC if the property is taken on rent / lease.

 Additions in our services for OPC Company Registration:

  • DIN for 1 Directors.
  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Digital Signature For 1 Directors
  • Statutory Fees.
  • PAN Card & TAN no.
  • All other Consultancies regarding that.

You may contact the author for further information at +91 9210074720 or rkadvisor@gissrtax.com

 

Disclaimer: The above article is only for information purpose and is on based on the author’s interpretation of the relevant provision. The same should not be considered as professional advice.