Welcome To A Corporate World, Register Your Start Up As A Company | Raising Funds For The Expansion Of Business | Core Due Diligence Of All Types Of Companies | Secretarial Audits | Maintenance Of Minutes And Other Secretarial/Statutory Records | Make Your Board Meetings And General Meeting Convenient And Easy | All Secretarial Services With Respect To Company Laws | Corporate Restructuring (Merger & Amalgamation, Demerger, Acquisition, Dissolution & Winding Up Etc.) | Corporatization Of Businesses | The Insolvency And Bankruptcy Services For The Companies | The Insolvency And Bankruptcy Services For The Companies | Services Under Limited Liability Partnership Firms | Services Under Foreign Contribution Regulation Act
+91 9811308108
info@startupgo.in

Register A One Person Company

  • Home
  • Register A One Person Company
img img

ONE PERSON COMPANY (OPC)

One Person Company (OPC) is an innovative step towards leveraging extended benefits to individual entrepreneurs seeking benefits of Private limited companies. A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. A single person could not incorporate a Company previously.

SECTIONS / REGULATIONS / RULES / SCHEDULE APPLICABLE TO OPC

  • Section 2(62) of the Companies Act, 2013;
  • Companies Incorporation Rules, 2014 (Rule 3 to Rule 7);
  • Schedule 1 of Companies Act 2013.

OPC UNDER COMPANIES ACT, 2013

AS PER SECTION 2(62) OF COMPANIES ACT 2013 READ WITH RULE 3 OF COMPANIES INCORPORATION RULE, 2014;

One Person Company" means a company which has only one person as a member.

  • Only a natural person who is an Indian citizen and resident in India-
  • Shall eligible to incorporate an OPC:
  • Shall be a nominee for the sole member of an OPC

ADVANTAGES OF AN OPC

  • One of the main advantages of OPC is that it has more opportunities with limited liability as the liability of OPC is limited to the extent of the value of share it holds.
  • OPC is a separate legal entity and capable of doing everything that a businessman wants to do.
  • One Person Company can easily raise funds.
  • OPC enjoys little compliance burden as compared to a private limited company.
  • OPC always enjoy an increased trust and reputation in the Industry.
  • An OPC can be limited by guarantee or limited by shares or an unlimited company.
  • One Person company need not hold any annual general meeting.
  • Provisions relating to meetings and quorum do not apply to them.
Login
Welcome to Startup! We are here to help you.