ONE PERSON COMPANY

Your solution for business is just around the corner.

AN EXCLUSIVE PLATFORM FOR ALL WHO ARE LOOKING FOR ALL SERVICES UNDER ONE ROOF.

REGISTER YOUR

ONE PERSON COMPANY (OPC) FOR BUSINESS GROWTH

Single Entrepreneur must Register in OPC.

Create your future with us

Any queries feel free to call us at - 9654535285

WHY ONE PERSON COMPANY (OPC)

One Person Company is a very new legal entity introduced in India by the new act, Companies Act, 2013. The concept of One Person Company [OPC] is a new form of business which enables new entrepreneurs carrying on business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole-Proprietor and Company form of business, and has been provided with concessional/relaxed requirements under the Act.

OPC is very easy to operate as only one shareholder is required to form an OPC who must be a natural person, citizen of India and resident of India. Also, it must have a minimum of one director. The Sole Shareholder can himself be the Sole Director. Also, there are certain limitations in forming OPC which every Entrepreneur must keep in mind. The first of them shall be that OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores. A person shall not be eligible to incorporate more than a One Person Company or become nominee in more than one such company. M-Stake India will help you incorporate a One Person Company.

Advantages of a One Person Company (OPC)

There is no requirement to hold annual or Extra Ordinary Meeting. Only the resolution shall be communicated to the members. Only one Board Meeting is required to be done in each half of the calendar year. The provisions of Section 174 of the Companies Act, 2013 relating to quorum of meetings for Board is not applicable on OPC.

EASY TO MANAGE

Doing business as a proprietorship firm, the personal assets of the proprietor can be at risk in the event of failure, but this is not the case for a One Person Private Limited Company, as the shareholder liability is limited to his shareholding. This means any loss or debts which is purely of business nature will not impact, personal savings or wealth of an entrepreneur.

LIMITED LIABILITY

BETTER CREDIBILITY

Banking and financial institutions prefer to lend money to the company rather than proprietary firms. In most of the situations Banks insist the entrepreneurs to convert their firm into a Private Limited company before sanctioning funds.

In an OPC, a director you can receive remuneration, as a lessor you can receive rent, as a creditor you can lend money to your own company and earn interest. Directors’ remuneration, rent and interest are deductible expenses which reduces the profitability of the Company and ultimately brings down taxable income of your business.

TAX FLEXIBILITY

Documents Required

Self Attested Copy of Pan Card of Directors

Self Attested copy of Voter Id card /Aadhaar card

Passport size photograph of directors

Email Id & Mobile No of all Designated Partners

Landlord NOC (Format will be provided)

Electricity / Water bill(Proposed registered office)

Copy of rent agreement (If rented Property)

Copy of Property Papers (If owned Property)