One Person Company (OPC) Registration

Overview of One Person Company Registration

• A One Person Company is a company with a single person who can act as director as well as shareholder.
• It is a new form of business introduced by the Companies Act 2013, thereby enabling Entrepreneur carrying on the business in the sole proprietor can enter into a corporate framework.
• It must have a minimum of one director, the sole shareholder can himself be the sole Director.
• The word “One Person Company” or “OPC” must be mention in brackets after the name of the company to distinguish it from other forms of companies.
• One Person Company cannot be converted into any kind of company unless two years have been expired from the date of incorporation except in case its paid up share capital exceeds 50 Lakhs or its average turnover during the relevant period exceeds 2 Crores.
• It can be formed with a minimum capital of Rs. 1 lakh.

Documents Needed

Benefits of One Person Company registration

• Easily Setup and recommend to Growing Start-up’s.
• Easily raise funds from banks, financial institutions and investors.
• Easy to go expand your business globally.
• A One Person Company is considered to be a separate legal entity. It has its own identity and very much recognised as a separate company under the law.

Different types of Company Business Structures

*Amount maybe increase or decrease depends upon particular state stamp duty fees, govt fees, gst invoice bills and yearly transaction amount.