One Person Company
OPC is a new type of business structure in India, introduced through the Companies Act, 2013. One Person Company is a hybrid between a Private Limited Company and Proprietorship, providing a single entrepreneur with a host of...

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ONE PERSON COMPANY - A REVOLUTIONARY NEW CONCEPT OF OWNERSHIP

The New Companies Act, 2013 recently notified by the Ministry of Corporate Affairs has introduced a revolutionary new concept of One Person Company (OPC) in India. Now, there is no need to have minimum two shareholders and only single shareholder can form a Private Limited Company called OPC. Its main features are:-

1. OPC shall be a Private Limited Company
2. OPC can have one or two Directors, who can be different from the promoter. The promoter can also act as a sole Director of the Company.
3. OPC has to indicate the name of the person in Memorandum who shall act in the event of death or incapacity of one person.
4. Only a natural person who is an Indian citizen and resident in India shall be eligible to incorporate OPC. The same also applies to the nominee for the sole member of OPC.
5. Such Company cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates.
6. Such company cannot be converted voluntarily into any kind of company unless two years have expired from the date of incorporation, except threshold limit (paid up share capital) is increased beyond fifty lakh rupees or its average annual turnover during the relevant period exceeds two crore rupees

Requirements for registration

Disadvantages

Advantages

 

Steps to be taken to get incorporated a public limited company

Step - 1 Apply for Digital Signature Certificate

Step - 2 Apply for Directors Identification Number (DIN No.)

Step - 3 Apply for the availability of the name

Step - 4 Drafting the Memorandum and Articles of Association.

Step - 5 File the documents for Registration
After the Registrar is satisfied that all formalities are complied with, he issues a Certificate of Incorporation, which shall be conclusive evidence as to the formation of the Company.

Step - 6 File the documents obtain Commencement of Business Certificate after incorporation

After the Registrar is satisfied that all formalities are complied with, he issues a Certificate of Commencement of Business.

we pride ourselves on accommodating any comments or suggestions made.Should you have any questions about Company Formations or registering please do not hesitate to contact us, we will be happy to help.

 

Director Identification Number

The following documents are required for obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN).

1. Proof of Identity

  • PAN (Mandatory for Indian Nationals )
  • PASSPORT (Mandatory for Foreign Nationals )

2. Proof of Residence:
(Any one of the below)

  • Passport
  • Driving License
  • Election or Voter Identity Card
  • Electricity bill
  • Bank Account Statement
  • UID/Aadhar Card

3. Latest passport size photographs of all Directors/Promoters

Documents required for Address Proof of Registered Office.

  • Rent Agreement or Leave & Licence Agreement, if registered office premise is taken on rent.
  • Utility Bills of proposed registered office
  • NOC of Owner

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