One person company

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One person company

₹ 4500.00 7000.00

(Includes Govt Fees Around 2500 & DSC Fees Around 750, Authorised Capital 1 Lac)

A One person company (OPC) means a company formed with only one (single) person as a member. It helps business by expanding their opportunities through corporate identity. The introduction of One Person Private Limited Company or OPC was a refined version of sole propreitorship. Liability is Limited.

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LIST OF DOCUMENTS REQUIRED FOR ONER PERSON COMPANY REGISTRATION IN DELHI

 

Company Details 

  1. Two Proposed Names
  2. The objective of the proposed company

Subscribers & Director’s Documents 

  1. PAN Card of all the Subscribers/Directors
  2. Photograph of all the Subscribers/Directors
  3. Aadhar Card of the Subscribers/Directors
  4. Mobile and Email of all the Subscribers/Directors
  5. DL/Voter ID/ passport, anyone documents of all the Subscribers/Directors
  6. Bank statement/ Electricity Bill in the name of the Subscribers/Directors, anyone documents of all the subscribers/directors

Proof of Registered Office

  1. Latest utility bill i.e. electricity, landline, water bill, etc.
  2. For a rented place,  a rent agreement is required in the name of the proposed company

Note:

Subscribers must have a hard copy of PAN and Address proof for the video verification of obtaining a digital signature (DSC)

OPC or Sole Proprietorship?

Sole proprietorship

The simplest form of business carried on by individuals who are personally liable for debts. A sole proprietorship is not a legal entity like a partnership or a corporation. Therefore, A sole-proprietor can start a business under his name or under a fictitious name. Costs are nominal to start this kind of business, however, the disadvantage lies with financial failure situation. If the business fails to earn a profit then creditors can file a lawsuit against sole-proprietor. Business liability can be discharged against his personal assets. However, if the owner dies, there are little chances of survival. Expansion of business after a point becomes a tough job. The advantage is this kind of entrepreneurs need not enter into board meetings and annual meetings. Returns are signed under their name. They have flexible working hours.

One Person Company (OPC)

The Companies Act, 2013  introduced a new form of business, a hybrid of Sole-proprietorship and Company, by providing sole proprietors with an opportunity to enter into a corporate world. It is treated as a private company only having a separate legal entity and limited liability. Every one person company shall have to at least hold one meeting of the Board of Directors in each half of a calendar year and the gap between the two meetings is not less than ninety days.