One Person Company

 In OPC, An Individual gets the authority to the company which automatically restricts the liability of the owner towards his/her contribution to the firm. It has the ability to raise funds through venture capitals, financial institutions and can transform itself into a private limited company. It gives more opportunities with the power of taking a risk without suffering from the loss of personal assets. As per Company Act 2013, When the OPC hits an annual turnover of Rs. 2 crores and above for 3 years in a row or gains the paid funding of Rs. 50 lakh and above, then it is liable to transform the company to Private or Public limited company within 6 months.

Benefits of OPC registration:

The owner’s property will always be safe despite having the debts of the business. As OPC has a separate legal identity, it passes on to the nominee director which makes it continue to exist. The book of OPC has to be
audited annually which gives great credibility among vendors and other related institutions. For more details and consultation, get in touch with our legal experts who will help you understand and make it easy for you to
proceed.

The steps which are to be filed for registrations are:

 An Indian citizen who has the presence within India for a minimum of 182 days during registration as per the calendar year. Here are the steps to follow before proceeding ahead for registrations:

 – Application for DSC.

 – Application for DIN.

 – Approval of Name Application

 – Requirement of Documents

 – MCA forms filling

 – Certificate of Incorporation distribution.

What are the documents that are required?

The scanned copies of these mandatory documents are required to be self-attested by the owner and submitted:

 – Pan Card or Passport

 – Passport for foreign nationals or NRIs.

 – Driver’s license or Election ID

 – Copy of Aadhar card/Voter I’d card of directors

 – Copies of Gas or electricity bills/Bank Account Passbook or statements/telephone invoices.

 – The signature impression of the owner.

 – PP size Photos

Benefits of OPC registration:

The owner’s property will always be safe despite having the debts of the business. As OPC has a separate legal identity, it passes on to the nominee director which makes it continue to exist. The book of OPC has to be
audited annually which gives great credibility among vendors and other related institutions. For more details and consultation, get in touch with our legal experts who will help you understand and make it easy for you to
proceed.

Innovante will help with all necessary steps and required documents. Proceed further by getting in touch with Innovante.

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