One person Company is a new type of business entity that allows an individual to operate a corporate entity with limited liability protection. The entity registered with their state ROC under the supervision of Ministry of Corporate Affairs (MCA).
|1 Legal Status and Organized Sector of Proprietorship company.||1 Only one shareholder should be natural person can form OPC. Minor shall not eligible.|
|2 Risk, Losses, Debts are limited to the company assets.||2 After 2 Crore turnover need to converted in Private Limited Company.|
|3 Lesser compliance than a private company||3 Higher incorporation cost as compare to Sole Proprietorship.|
|4 Directors Remuneration, Rent and Interest are deductible expenses for low Income tax.||4 25% flat would be the Income Tax on Taxable Income. No slab benefit.|
OPC would be for those who want to enjoy the legal status of a Company and does not want to want greater compliance like private limited company. Additional opinion please contact with our advisor at zero fee.
|1 Copy of PAN Card of Owner and Nominee||2 Copy of Aadhar / Voter ID / Passport / Driving License / etc. of Owner and Nominee|
|3 One passport size photo of both Owner and Nominee.||4 Copy of Electricity Bill for registered address of Business.|
|5 Additional Details – Suggested CompanyName's, Objects for Memorandum, Nominee details, etc.|
Generally it takes 10-15 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company.