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The One Person Company

The One Company Act was introduced in 2013 to help entrepreneurs set up their own ventures with the avail capital at their disposal. The initiative is to help the individuals begin their Start-up companies while enjoying the Limited Liabilities of the Limited Companies. Professionals are among others that can enjoy the advantage of such a Start-up.

 

ADVANTAGES OF ONE PERSON COMPANY

We recommend you the One Person Company Registration because of the following advantages:

  • The OPC is a can be started and run by a Single Promoter and yet is a Corporate Entity that enjoys the Limited Liabilities advantages. Unlike the Proprietorship or the Partnership, the OPC members enjoy Limited Liabilities and their personal assets remain safe in case of the Company incurring debt.

  • The OPC is a juristic person with a Director and a Nominee Director. The Nominee Director has no right on the OPC and it’s properties so long as the existing Director is capable of entering into contracts.

  • The OPC has a range of legal abilities and like the Limited Companies can own property or incur debt. Such properties could be in the form of machineries, buildings, land and assets and more.

  • Business ownership can be easily transferred by the filling of the duly singed share transfer forms, altering the shareholding and the names of the Director and the Nominee Directors. Look4Expert carries these out with precision at the required time.

  • As a legal entity the OPC continues to be in existence with the change of legal ownership giving the organization an uninterrupted existence. Unlike in Proprietorship, the death or departure of the single owner does not affect the existence of the OPC.

An OPC Startup‎ in Bangalore has better prospects of getting financial assistance from banks and other bodies compared to Proprietorships.

Our cost-effective OPC Registration package includes:

  • Giving 1 Digital Signature (DSC) & Designated PIN as 1 Director must be registered with the MCA.

  • Help pick an unique name and reserve it for the OPC.

  • Complete the one person company incorporation by the Inc-29 filling.

  • Sending request to the NSDL for obtaining the OPC PAN & Tan

  • Hand over the .com domain for a year.

  • Drafting your OPC’s constitution.

Contact us to Register One Person Company and see the difference that we make to your Start-up.

DOCUMENTS REQUIRED FOR OPC REGISTRATION

To be submitted by Director

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

  • Scanned copy of Voter's ID/Passport/Driver's License

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

  • Scanned passport-sized photograph

  • Specimen signature (blank document with signature)

Note: The director must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).

For the Registered Office

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

  • Scanned copy of Notarised Rental Agreement in English

  • Scanned copy of No-objection Certificate from property owner

  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence, too.