ONE PERSON COMPANY

In Companies Act, 2013 a new concept was introduced that is ONE PERSON COMPANY which means a single person can run his business in a proper legal entity form. One Person Company is a legal entity which is registered with the Ministry of Corporate Affairs (MCA). It is a kind of private limited company but with single person ownership. There is no profit or dividend sharing concept. It is bone for a single person who wants to run his business in the form of a registered entity. One person company shall have only one member, but there can be a maximum of 15 directors. One Person Company has features of both sole proprietorship as well as private limited, the member of the company has ownership like a sole proprietor, but the liabilities are limited as the members have in the private limited company. It has all the features like a private limited entity with few exceptions provided under Companies Act, 2013. It is a hybrid version of the sole proprietorship firm and private limited company.

ONE PERSON COMPANY DOCUMENT

♦ PAN CARD & AAADHAR CARD OF ALL DIRECTOR

♦ VOTOR ID/DRIVING LICENSES AND BANK PASSBOOK WITH LATESH ENTRIES

♦ PHOTO OF ALL DIRECTOR

♦ ELECTRICITY BILL WITH LATESH 2 MONTH

♦ NOC From the Owner of The Property

♦ 3 TO 4 COMPANY NAME

♦ OBJECT OF THE COMPANY

♦ MOBILE NO AND EMAIL ID OF ALL DIRECTOR

ONE PERSON COMPANY INCORPORATION CHARGES? & TIMING

formation of OPC company is 7 to 10 days after receiving document charges start from 4999 plus govt fees and other charges as actual