When you do not have any Partners, A SINGLE person can form a Private Limited Company with One Nominee
OPC is also treated as a Private Limited Company and Eligible for Startup Registration apply as well
The concept of One Person Company (OPC) is introduced with Companies Act, 2013. Any one person who is an Indian citizen and resident in India is eligible to incorporate One Person Company. This form of company formation is perfect replacement for sole proprietorship model of businesses and eligible to apply for StartupIndia Recognition, Bank credit facilities and more preferences than a informal business of sole proprietorship.
OPC is fit for a small business running independently. Appointment of One Nominee is must ( Indian Resident age not less than 18 years). an OPC Can have more than one directors, but the shareholder limited to one person only.
After Company incorporation, you will receive below documents
Documentation & Finalise Name | First we collect documents and then send you few papers for your signature on email. Then we collect scan copy of Signed Papers from you on email. Side by side we finalise 2 proposed name of company #We can complete this in day 1 |
DSC apply | Meanwhile we apply for Digital Signatures of all directors/shareholders. #We can complete this in day 1 |
Incorporation Filing | In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA. |
Company Approved | Generally ROC approve incorporation application in 1-2 days. Once your application approved, you will get certificate, PAN, TAN etc. |
An OPC is also a Private Limited company. So, apart from other statutory compliances like GST, InCome Tax, etc., it must comply below without any delay.
The above compliances related to the provisions of Companies Act. If it a Startup Comoany then keep additional expenses approx Rs 40-50K for annual audit and ROC filings.
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