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One Person Company

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By Author: ezzusindia
Total Articles: 5
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ADVANTAGE OF ONE PERSON COMPANY REGISTRATION :

Only one shareholder:-
Only a natural person, who is an Indian citizen and resident in India, shall be eligible to incorporate a One Person Company.

Director:-
OPC Registration must have a minimum of 1 Director; the Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors.

Freedom from Compliance:-
One Person Company Incorporation also gets freedom from complying with many requirements as normally applicable to other private limited Companies
Separate Legal Entity: One Person Company is a legal entity separate from its members.

Limited Liability.: In a Sole Proprietorship firm, the personal assets of the proprietor can be at risk in the event of failure, but this is not the case for a One Person Private Limited Company, as the shareholder liability is limited to his shareholding.

Legal Status: The structure of OPC is that similar to Private Limited Company. Hence OPC also enjoys the corporate status which helps the entrepreneur to attract quality workforce and helps to retain them by giving corporate designations, like directorship.

DOCUMENTS REQUIRED FOR ONE PERSON COMPANY INCORPORATION:

Self attested copy of Identity Proof of Director (Copy of PAN Card)
Self attested copy of Address Proof of Director (Voter ID/Aadhar Card/Copy of Passport/Driving License/Electricity Bill/Telephone Bill)
Self attested copy of Bank Account Statement/Electricity Bill/Mobile Bill of director
Passport size Photograph of director
Copy of current Electricity Bill/Water Bill/House Tax etc for the premises proposed to be used as registered office of the company
If Property is Rented, then Rent Agreement and NoC signed from owner of property.

INFORMATION REQUIRED WITH REGARD TO ONE PERSON COMPANY

Director (& Nominee) Detail:
Educational Qualification
Profession/Occupation of Director with area of Operation
Citizenship alongwith Residential Status of Director
Place of Birth of Director
Permanent & Present Residential Address of Director
Contact Number of Director
E-mail Id of Director

Company Detail:
Preference wise proposed names of the Company with Significance of the name
State in which Company is to be registered
Authorized and Paid Up capital of the Proposed Company
Main Object of the Proposed Company
Division of paid Up capital among the Subscribers.
Number of Proposed Directors
Details of Nominee person.
Number of Proposed Shareholders
Whether the promoters are carrying on any Partnership firm, sole proprietary or unregistered entity in the name as applied for?
Whether the proposed name(s) contain(s) name of any person other than promoter(s) or their close blood relatives?
Whether the proposed name(s) include(s) the name of relatives?

More About the Author

Ezzus India Private Limited is a platform to simplify to start business and after related matters. We are committed to helping startups and small business in solving legal compliance related to starting and running their business or licenses and registration like Company registration, trademark registration, fssai license, llp registration, iso certification, ngo registration, gst registration and gst return, itr return and osp license.Our mission is to offer affordable, quick and automated professional services to clients. Through ezzus.com site , we bring numerous government/ legal forms at one place and have simplified them to be fully understood by common man.

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