One Person Company
One Person Company facilitates a single person to operate a corporate entity with limited liability protection, a OPC does have a few drawbacks mainly it cannot raise capital easily as it cannot take more members who might contribute as capital investment in the company. Also it is not the preferred form of registration for the Investors . One Person Company (OPC) must nominate a nominee Director who will become the owner Director of the OPC in case the sole Director is disabled or dead. One Person Company should be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and should file audited financial statements with the MCA at the end of each Financial Year .ENVIZI provides you the best services in India for Private Limited registration, OPC registration, LLP registration, PLC registration, Trademark registration, Logo registration , Copyright registration , ISO certifications etc.
One Person Company or OPC means a company which has only one person as a member. OPC has all benefits of a private limited company such as protecting personal assets from business liability, separate legal entity and perpetual succession. One Person Company (OPC) is a Company registered with ONLY ONE PERSON as its shareholder. An OPC is classified as a private company under Companies Act.
Advantages of One Person Company (OPC)
The greatest benefit of OPC is limited liability. If anything happens to the company, its members are not personally affected; members are only liable for unpaid shares. Personal Assests are secured.
The feature of perpetual succession gives you the freedom to easily add or remove members in the company. There won’t be any harm to the company’s existence.
A company can borrow funds through bank loans, Investors, Venture capital, Brand Funding and various wide options available for the company format
One Person company has a seperate legal entity, It is like a separate individual apart from the Stakeholders. One Person company creates a brand value in the market and people see it as a company not as a proprietorship / partnership firm. Other benefits include larger scope of business, good employees, ease of business with MNCs.
Due to any reason if company does not want to be run by existing stakeholders, one can transfer the rights and authorities to other or new Directors and Shareholders easily and without much hassles. Everything can be transferred or changed , name of company , directors , shareholders , business Activity , registered office address . Or even the company can be sold off easily.
Along with being the Directors and Shareholders they can have dual relationship with the company they can be suppliers , lenders, client, employee etc.
OPC can be formed with Rs 100000 authorised capital and which does not have to be deposited anywhere. It just has to be informed to the ROC that with how much AC the company is formed only.
OPC has to maintain managable ROC compliances annually like appointment of auditor, OPC annual general meeting, Prepare OPC finincial statements and file with ROC. Envizi manages the ROC compliances in just Rs 750 per month or Rs 9000 annualy
Due to single person director it becomes easy to take major decision on behalf of the company.
Director and nominee Director.
- PAN Card
- Identity proof
- Address proof
- Office Address Proof
- Example: Voting Card, Driving Licence, Passport
- Example: Passbook, Utility bills
- One Shareholder
- One Nominee
- Office address proof
What You Get
- Director Identification No (DIN)
- Digital Signature (DSC)
- Name Approval Certificate
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Incorporation
- Company PAN
- Current Bank Account Opening Assistance
- GST Registration
Steps For One Person Company Registration
Provide Basic Documents of Directors
Apply for DSC (Digital Signature)
Envizi will prepare Legal Documents
Envizi will file documents with ROC
MOA / AOA
Get Certificate of Incorporation