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One Person Company

One Person Company

Section 2(62) of the Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. OPS mean director and shareholder are the same people.

Such Company want to create by individual persons, who do want to do business in partnership but want to work in corporate mode.

  1. Compliances Burden:- Compliance burden is very less as compare to other corporate organizations.
  2. Minimum Requirement:- There is no other person required one director can incorporate and he can become a shareholder also.
  3. Limited Liabilities:- The liabilities of the member is limited to the extents of share hold by members.
  4. Recognization:- One person company get recognition like Pvt ltd. the company and supplier and vendor are in confidence with deals with OPC.
  5. Existence:- On the death of the director, the Nominee can appoint as director of OPC.
  6. Comtrol:- Director has fully control and decision making power in OPC.
  7. company.
  1. Member:- Only the Citizen person of India can incorporate OPC.
  2. Small Business:- Only Share Capital  Rs. 50 lacs or Turnover of Rs. 2 Cr. Otherwise OPC has to Convert into PVT LTD.
  3. Business activities:- OPC cannot run business activities of NBFC Company & OPC can not convert into Sec 8 Company.
  4. Other:- Director of OPC can not incorporate other OPC.

For OPC, there is legal registration required for OPC under the Companies Act, 2013, and its documents and compliances need to be file under www.mca.gov.in,  but on the hand, to run the business some of the registration-required depend on their business purposes.

  1. Registration under Shops & Establishments Act, and certificate issued by municipal authorities. ( Mostly Required )
  2. GST Registration ( Mostly Required), If Turnover Exceed 20, lacs in Case of Services & 40 Lacs in case of Goods Supplied.)
  3. IEC,   Import & Export Code ( For Proprietor, who involve in Import and Export Business).
  4. As other time to time registration required to depend on the scale of business etc.

All about One Person Company

One Person Company

Section 2(62) of the Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. OPS mean director and shareholder are the same people.

Such Company want to create by individual persons, who do want to do business in partnership but want to work in corporate mode.

Advantage of OPC

  1. Compliances Burden:- Compliance burden is very less as compare to other corporate organizations.
  2. Minimum Requirement:- There is no other person required one director can incorporate and he can become a shareholder also.
  3. Limited Liabilities:- The liabilities of the member is limited to the extents of share hold by members.
  4. Recognization:- One person company get recognition like Pvt ltd. the company and supplier and vendor are in confidence with deals with OPC.
  5. Existence:- On the death of the director, the Nominee can appoint as director of OPC.
  6. Comtrol:- Director has full control and decision making power in OPC.
  7. company.

Disadvantage of OPC

  1. Member:- Only the Citizen person of India can incorporate OPC.
  2. Small Business:- Only Share Capital  Rs. 50 lacs or Turnover of Rs. 2 Cr. Otherwise OPC has to Convert into PVT LTD.
  3. Business activities:- OPC cannot run business activities of NBFC Company & OPC can not convert into Sec 8 Company.
  4. Other:- Director of OPC can not incorporate other OPC.

Basic

INR 9,999/-*

One Time Fee

  • Company Incorporation with two DSC
  • ESI/EPF
  • IEC Code
  • GST Registration
  • MSME Registration
  • Bank A/c.

Service Provide Within 7 Days

* Govt. Fee Extra Applicable

Standard

INR 19,999/-*

One Time Fee

  • Company Incorporation with 2 DSC
  • GST Registration
  • Shop & Establishment Registration
  • MSME Registration
  • Trade Mark Registration
  • Logo Design
  • Opening Bank A/c.

Service Provide Within 15 Days

*Govt Fee Extra Applicable

Premium

INR 14,999/-

Yearly Fee

  • Yearly Annual Compliances (AOC-4, MGT-7), Except Audit Services
  • Yearly GST Compliances
  • Income Tax Return

Services Provided Before the Due Date

Frequently Asked Questions

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