- If you are a single Entrepreneur and wants to start a venture alone.
- If you want to have full control over your business.
About One Person Company :
- OPC is a good alternative to running a sole proprietorship, largely because it gives limited liability to the business owner.
- Only Indian residents can register an OPCs, and at a time, only one OPC entity can form in your name, as per the specifications of the Ministry of Corporate Affairs.
- If an OPC hits an average three-year turnover of over Rs. 2 crore or has a paid-up capital of over Rs. 50 lakh, it must be turned into a private limited company or public limited company within six months.
- All other feature remain same as Pvt Ltd. company.
- Munshijee provide seamless and hassle free registration process .
- Because It is throughout Online Process so you would not need to be physically present at all.
- If your document set is complete, we mostly take less than 15 days for company formation.
Steps Involved in Registration Process
Document Required for Registration
- PAN Card
Any one of these
- Aadhar Card
- Votar ID
- Driving License
- Bank Statement
- Electricity/ Gas bill or Phone/ Mobile bill
Passport Size Photo
- Passport Size Photo
- NOC from the Owner
- Utility Bills with
Any one of these
- Rent Agreement
- House Tax Receipt
- Proof of Registry
What will you get in this Package?
MOA / AOA
Defines the rules that govern the company
Digital signature to file taxes etc. for the company
Company PAN Card
PAN Number of the company
Tax Deduction Number
At least one nominee is required to start an OPC who can act as shareholder as well as director.
Any individual/organization can become the member of One person company including foreigners/NRI’s.
you don’t really need to invest any money into the business because there is no statutory limit prescribed for a minimum contribution to start an OPC.
There is no such obligation under the Companies Act. Provided nothing contrary mentioned in the employee agreement.
Yes, you can be a director but not a shareholder for an OPC.
No, but it is mandatory to convert an OPC to a private or public limited company if turnover of company is over Rs. 2 crore or paid up capital is over 50 Lakhs.
Compare and Select
Ease of accomodating Investment
Private Limited Company
Startups and growig companies
Limited Liability Partnership
Professional services firms
Possible, but unlikely
One Person Company
Possible, but serverely unlikely
Small traders and manufacturers