One Person Company

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Ideal For Sole Promoter Entered Into Enterpreneurship

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Why Choose One Person Company?

One Person Company, the most popular legal structure for businesses, is a new concept in India which is famous among single entrepreneur and freelancers who want to do business on their own terms with no interruption. A One Person company can be incorporated with minimum 1 director and maximum 15 directors and has only 1 shareholder. An OPC should have a minimum share capital of Rs 1 lac.

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Steps Involved

Step 1: Application for DSC (Digital Signature Certificate).

Step 2: Apply for the DIN (Director Identification Number)

Step 3: Name Approval Application.

Step 4: Documents Required MOA, AOA

Step 5: Filing Forms with MCA

Step 6: Issue of certificate of Incorporation

* For Name availability under RUN Web service, there is no prior requirement to obtain DSC and DIN . It can be done with account login on MCA portal.

Required Documents for Private Limited Company Registration

In regard to the Private Limited Company registration, following documents are needed:

For Directors/Nominee

Copy of PAN Card

Identity Proof (Voter Card, Passport, Driving License)

Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)

Passport Size Photo

For Registered Office

Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)

NOC (Download Format)

Type Ideal For Minimum No. Of Members Tax Statutory Compliance Time Taken
Private Limited Company Startup and Small Entities 2 Directors 25 High 2 Weeks
Limited Liability Partnership Professionals 2 partners 30 Moderate 2 Weeks
Partnership Firm 2 Partners 2 Partners 30 Low 2 Weeks
One Person Company Sole Promoter 1 Director 30 High 2 Weeks
Sole Proprietorship Individual Individual 10-30 Low 1 Week