One Person Company

An One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single individual to operate a corporate entity with limited liability. It combines the benefits of a sole proprietorship and a private limited company, providing a separate legal identity to the business.

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Benefits of OPC

Limited Liability Protection: The owner’s personal assets are safeguarded against business liabilities.
Separate Legal Entity: OPC has its own legal identity, distinct from its owner.
Ease in Funding: OPCs can raise funds through venture capital, financial institutions, etc.
Less Compliance: Compared to other company structures, OPCs have fewer compliance requirements.
Perpetual Succession: The company continues to exist even after the owner’s demise, with the nominee taking over.

Eligibility Criteria

Only a natural person who is an Indian citizen and resident in India can incorporate an OPC.
The individual must have resided in India for at least 182 days in the preceding financial year.
A person can incorporate only one OPC or be a nominee in only one OPC.

Incorporation Process

Digital Signature Certificate (DSC): Obtain a DSC for the proposed director.
Director Identification Number (DIN): Apply for a DIN through the SPICe+ form.
Name Approval: Reserve the company name using Part A of the SPICe+ form.
Incorporation Application: Complete Part B of the SPICe+ form, including details like the Memorandum of Association (MoA), Articles of Association (AoA), and nominee consent.
Certificate of Incorporation: Upon approval, the Registrar of Companies (RoC) issues the Certificate of Incorporation.

Documents Required

PAN and Aadhaar card of the director.
Passport-size photograph.
Proof of registered office address (e.g., utility bill).
No Objection Certificate (NOC) from the property owner.
Consent of the nominee in Form INC-3.

Why Choose SRV Taxcon?

Expert Guidance: Our team of professionals ensures a smooth registration process.
Affordable Pricing: We offer competitive rates with no hidden charges.
Timely Delivery: Committed to delivering services within stipulated timelines.
Post-Incorporation Support: Assistance with compliance, taxation, and other business needs.