ONE PERSON COMPANY (OPC)

A One Person Company (OPC) is a business structure that allows single individual to own and operate a company. OPC is to for entrepreneurs who wish to start a business without the need for a partner or shareholder

Benefits of OPC

  • Separate Legal Entity
  • Limited Liability
  • Single Ownership
  • Efficient Management
  • No Minimum Capital Requirement
  • Tax Benefits
  • Perpetual Succession
  • Ease of formation

DOCUEMNTS REQUIRED

  • PAN card & Adhar Card of shareholder and nominee
  • AOA & MOA
  • Photo of shareholder and nominee director
  • Electricity bill/ Sale deed if owned premises
  • Rent agreement and NOC, if rented premises
  • DSC and DIN of shareholder and nominee
  • Consent from nominee

POST REGISTRATION COMPLIANCES

  1. Appointment of Auditor
  2. Filing of Financial Statements (AOC-4)
  3. Filing of Annual Return (MGT-7)
  4. Income Tax Filing
  5. Board meetings
  6. Maintain Statutory Registers

REGISTRATIONS REQUIRED BY COMPANY AFTER ITS FORMATION

  1. GST Registration
  2. Employees’ Provident Fund (EPF) Registration
  3. Employees’ State Insurance (ESI) Registration
  4. Shops and Establishments Act Registration
  5. Import Export Code (IEC) Registration
  6. FSSAI Registration (for Food-related Business)