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Single Promoter
One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability.
Easy Transferability
Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.
Unique Name
A company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
No Minimum Capital
Invest as per requirement of your business, and there is No Minimum capital required as such, The government fee is based on the capital
One Resident Director
One director of the company must be resident in India. A person is said,
Borrowing Capacity
Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.
How It Works
Step wise Procedure to Start a OPC
Digital Signature of Director
As the application for Company Incorporation is filed online through Spice-32 Form, the process starts with the issue of Digital Signatures of class two for the promoter.
Name Approval of company
The Company must be incorporated with a unique and new name which should not be the same or similar to an already registered company, or a registered/applied trademark.
Filing for Incorporation
One single application (spice 32) is filed for allotment of DIN, and incorporation of the company. with the approval of this form, the Certificate of Incorporation is Issued.
PAN, TAN & Bank Account
The Income-tax Department
Personalized Services For Every Type of Business
We are here to deliver quality and prompt professional services on time and all the time at economical rates with an aim to be the first choice amongst the entrepreneurs.
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Above Punjab National Bank, Vensor plaza, Dr.Rajkumar Road, Rajajinagar,
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