One Person Company
One Person Company (OPC) Rs. 5,899/- + Govt. Fees No hidden Charges Duration : 7 - 10 Days
The One Person Company (OPC) was recently introduced as a strong improvement over thesole proprietorship. It gives a single promoter full control over the company while limitinghis/her liability to contributions to the business. This person will be the only director andshareholder (there is a nominee director, but with no power until the original director isincapable of entering into contract). So there's no chance of raising equity funding or offeringemployee stock options.
DOCUMENTS OF DIRECTOR
- PAN Card or Passport (Foreign Nationals & NRIs)
- Voter’s ID/Passport/Driver’s License
- Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- passport-sized photograph
- Specimen signature
DOCUMENTS FOR THE REGISTERED OFFICE
- Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Notarised Rental Agreement in English
- No-objection Certificate from the property owner
- Sale Deed/Property Deed in English (in case of owned property)
Frequently Asked Question
No, FDI is not allowed for One Person Company, if it is, then it will lose its One Person Company status.
There is no any restriction for a One Person Company to become a member of another Private Limited Company.
As per Act, The OPC cannot carry business of Non Banking Financial Investment activity including investment in security of any corporate.
It is not mandatory to appoint a Company Secretary in OPC and hence the annual return of OPC companies can be signed by the Director.
- The paid-up capital should not exceed Rs. 50 Lakhs
- The average annual turnover of the private company for three years should not exceed Rs.2 Crore
A One person company can be converted to a Public Limited Company; however a public limited company cannot be converted to an OPC