Get your OPC registered in just
Normally in takes 2-3 days to get OPC registered after application
The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity.
OPC is a separate legal entity and capable of doing everything that an entrepreneur would do.
One of the advantages of One Person Company is that it has more opportunities, limited liability since the liability of the OPC is limited to the extent of the value of the share you hold, the individual could take more risk in business without affecting or suffering the loss of personal assets. It is the encouragement to new, young and innovative start-ups.
- Minimum 1 Shareholder
- Minimum 1 Director
- The director and shareholder can be the same person
- Minimum 1 Nominee
- Letters ‘OPC’ to be suffixed with the name of OPCs to distinguish it from other companies
An OPC can avail the various benefits provided to Small Scale Industries like the lower rate of Interest on loans, easy funding from the bank without depositing any security to a certain limit, manifold benefits under Foreign Trade policy and others. All these benefits can be boon to any business in initial years.
You, only the owner helpful in quick decision-making, controlling and managing the business without following any elongated processes and methodologies as adopted in other companies. The sense of belonging inspires to grow the business further.
Any remuneration paid to the director will be allowed as deduction as per income tax law, unlike proprietorship. Other benefits of presumptive taxation are also available subject to income tax act.
Any business entity that runs in the form of the company always enjoys an increased trust and prestige.