ONE PERSON COMPANY

1. What is a One Person Company?

One Person Company is a new concept introduced through Companies Act, 2013. It has all the advantages of a Private Company like separate existence from its members, continuity of business, limited liability but it has a unique advantage that it can be started with only one person as the name intends which is very beneficial for those entrepreneurs who are willing to work alone without any interference

OPC does have a few limitations which are

  1. Every OPC must nominate a nominee Director who will become the owner of the OPC in case the promoter Director dies or become incapacitant to contract.
  2. A OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crore.

So this concept of OPC is more advantageous for those businessmen who are working solely with small capital.

2. Requirements of Incorporating One Person Company ?

  1. Obtain Digital Signature Certificate-The first step towards incorporation. of a One Person Company is getting DSC for intended director of proposed Company.
  2. Obtaining Director Identification No.- After getting DSC, DIN (Director Identification No.) is obtained for intended director.
  3. Approval of Company’s name- After DSC and DIN, the next step is to take name approval. A minimum of one and Maximum six proposed names can be submitted in order of preference and available name will be approved.
  4. Registration of Company- Final step towards incorporating a Company is to get it regd. with state ROC.

3. Documents Required ?

  1. Two Passport Size Photographs of sole director/subscriber.
  2. PAN Card (Self Attested & Certified by Gazetted officer/Notary) of sole director/subscriber.
  3. Address Proof (Passport/Driving License/Voter id/aadhar card ) (Self Attested & Certified by Gazetted officer/Notary ) (Details should match the details of PAN) of sole director/subscriber.
  4. Residential Proof of Subscribers– (Bank Statement /Electricity/Telephone/Mobile Bill, (Self Attested) of sole director/subscriber.
  5. Copy of Utility Bill of Proposed Reg. office (Telephone/Mobile/Electricity/Gas Bill) (Not Older than 2 months & Notarized)
  6. Land Line No. of Proposed Regd. Office
  7. Details of Nominee (PAN, Address proof and Consent).
  8. Other Forms/Documents required are to be Provided/Prepared by us

4. Time Required for Company Incorporation ?

Baxi Corporate would get the company incorporated within 7-10 working days subject to ROC processing time

5. Pricing ?

For Pricing and other details Click  

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