Out of the various types of services, we also help in incorporating a one person company in India (OPC), a new and simple concept for company registration where only one person is required to register a company, as well as a director and shareholder in a company. In comparison to private and public limited company, OPC in india are very easy to register and the formalities to be complied with are also less as compared to private and public limited company also the cost of maintaining and registering the opc is less as compared to the cost of registering a public and private limited company and is one of the initiatives in the director of “Ease of Doing Business in India” as introduced by Hon’ble Prime Minister of India.

Mr. Narendra Modi. Therefore, OPC’s are preferred by entrepreneurs all over India and they are taking advantage of the new concept by converting their proprietorships into OPC’s, as most of the features of private and public limited companies are also their own in one person company in India but with fewer legal formalities and being more cost-effective.

Why a One Person Company in India?

The concept of one person company in India (OPC) is a new vehicle/form of business, introduced by the Companies Act, 2013, there by enabling Enterpreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a corporate framework. A one person company is a combination of sole-proprietor and company form of business, and has been provided with concessional/relaxed formalities under the Companies Act, 2013.Small entrepreneurs can carry on their business in form of OPC with status of separate legal entity.

The concept is good for entrepreneurs with new ideas and ventures and explores the corporate world with minimum compliance and maximum benefits as exemptions. Various small and medium enterprises, doing business as sole proprietors, might enter into the corporate domain through OPC. The unorganized sector of the economy will find an outlet to show their entrepreneurial expertise. So small entrepreneurs enjoy the benefits of register one person company online india.

OPC companies are like a one-man army. the compliance burden is very low, and the liability of the members is very limited to the amount invested by them as capital, which is an added advantage. OPC registration in india is expected to benefit people who are into self employment and many small scale enterprises. it is one of the remarkable features of the companeis Act (2013 to grow the spirit of entrepreneurship and boost the confidence of small entrepreneurs in the country so that more and more people can start their own business and become self-employed, thereby reducing unemployment in the country.

Benefits of a One Person Company in India (POC):

(1) The liability of the members is limited.

(2) The compliance requirement is very low.

(3) Your business will be set up in a more organized manner.

(4) Customers will have more faith in your business as it is a registered entity, unlike a proprietorship.

(5) You will get more clients.

(6) More growth and development.

(7) Efficiency and effectiveness will increase.

(8) Better management practices will follow.

(9) No requirement of minimum capital can have capital up to 50 lakhs.

(10) Can have a maximum turnover of up to 2 crores.

Documents of Porposed Director:

(1) Photo of Proposed Director.

(2) A copy of PAN card.

(3) A copy of Aadhaar card.

(4) Email ID of Proposed Director.

(5) Mobile Number of Proposed Director.

Documents of Nominee Director:

(1) Photo of Nominee Director.

(2) A copy of PAN card.

(3) A copy of Aadhaar card.

(4) Email ID of Nominee Director.

(5) Mobile Number of Nominee Director.

External Government Website Link: MCA