The One Person Company (OPC) registration process in India is one of the easiest forms of entity formation when you have a single owner to run your business. OPC is a hybrid of Sole-Proprietorship and Corporate forms of business. It has been equipped with various concessions in compliance requirements under the Companies Act.
OPC has its own legal entity status separate from that of members. Individuals who incorporated the OPC are protected by its separate legal entity.
Being a private company, OPC has the option of raising funds through venture capital, angel investors, incubators, etc.
Companies Act, 2013 has raised certain exemptions to OPC, according to which the company has minimal compliance requirements.
It requires only 2 members to incorporate an OPC with the minimum paid-up capital requirement being Rs. 1Lakh.
The OPC is operated and managed by one person, thus making management easier. The decision-making process is quick.
A nominee must be appointed while incorporating an OPC. Upon the member's death, the nominee will take his place and run the company.
We understand your urgency about getting legal. Therefore, we provide a hassle-free legal process. Complete any Registration in just 4 steps.
We encourage you to come up with any sort of questions related to legal documentation or any of our service, methodology implemented, quality assurance etc.
We give our best in providing consultation and give a quality output. Here are set of few questions which our beloved clients ask frequently, have a look at them.
As per the MCA (Ministry of Corporate Affairs) guidelines, only citizens of India can register for OPCs.
OPC has to maintain the books of accounts complying with statutory audit requirements and details of Income tax returns and annual filings with the ROC (Registrar of Companies).