OPC is a newest form of business hybrid between Sole Proprietorships and Corporate Framework with limitation of turnover being less than 2 Crores. We at G K B & Associates helps you getting this registered at basic package of ₹ 9,999/-
The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. It is a hybrid of Sole-properitor and Company form of business. Highlight of the business form is that there can be only one member in an OPC, against a minimum of two members required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Operating on lines of a regular Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.
This entity has one major limitation that it needs to be converted to a Private Limited Company if it croses an annual turnover of ₹ 2 Crores.
Limited LiabilitySeparate Legal EntityContinuous ExistenceHigher CredibilityEasy transferabilityBetter Borrowing CapacityOwning PropertyObtain Digital Signatures (DSC) for the proposed Director
Obtain Director Identification Number (DIN) for the proposed Director
Seek proposed names (maximum 6) from you and get approval of the same from ROC
After Name approval, we will apply for incorporation
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