One Person Company


INTRODUCTION


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).


A single person can form this company where the compliance requirements are lesser than a private company. Separate Pan Card will be allotted and it’s a separate legal entity.


Benefits & Drawback


BENEFITS
DRAWBACKS
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.

RECOMMENDATION


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.




DOCUMENTATION FOR REGISTRATION


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.

TIME LIMIT FOR REGISTRATION


Generally it takes 10-15 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company.



Packages


My Three packages are :-

SILVER


Included

7,999/-

Company Certificate
PAN/TAN Card
MOA/AOA
Rent Agreement
Digital Signature
Director Number
1Lac Autorize Capital
Consultancy


GOLD


Included

8,999/-

Company Certificate
PAN/TAN Card
MOA/AOA
Rent Agreement
Digital Signature
Director Number
1Lac Autorize Capital
Consultancy
GST Registration




DIAMOND


Included

10,999/-

Company Certificate
PAN/TAN Card
MOA/AOA
Rent Agreement
Digital Signature
Director Number
1Lac Autorize Capital
Consultancy
GST Registration
Import-Export License