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OPC Registration
OPC Registration

What is One Person Company

One Person Company (OPC) is a form of company registration introduced under Companies Act 2013. This is for the individuals doing the business alone and wanted to register the company and wants to take benefits of Private Limited then One Person Company Registration is the best suitable form of doing business. A company can be formed with just one Director and one Nominee. Get your OPC Registration in Bangalore.

(Only one person can form a company as earlier minimum two is required for forming a limited company)

 

Minimum requirements for OPC

  1. Only one Director
  2. One nominee

Why should I opt OPC

OPC is more suitable to individuals because it requires only 1 director and 1 nominee. Start-ups who want to carry on their own business being a single person can create One Person Company. Benefits of OPC are the single owner, easy to form, corporate structure.

Required Documents for OPC

  • Address Proof of the Director
  • ID Proof of the Director
  • PAN Card of the Director
  • Photo of the Director
  • Rental deed of the Company
  • EB Card of the company

 

Advantages of OPC

There are many advantages of forming a One Person Company, but the main advantages are that it consists of only, Minimum Compliance and at the same time easy to form. A company will always increase the trust of the organization among Clients and vendors. And at last only one person is required to form an OPC

 

HOW LONG IS THE PROCESS OF COMPANY REGISTRATION

The Process of OPC Registration normally takes 15-20 days. But sometimes due to unexpected circumstances times may be increased.

All people are equal before the law.

Disadvantages of being an OPC

OPC can have only a maximum of 50 Lakhs per or Turnover of Rs. 2 Crore. Further NRIs are not allowed to be a part of OPC.

 

Process of obtaining

OPC Registration

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