A One Person Company (OPC) is an ideal business structure for individual entrepreneurs in India
Start-ups typically emerge when founders identify significant problems within existing companies or industries. These issues may range from inefficiencies in operations to unmet consumer needs or outdated services.
The formation of a start-up is driven by a combination of entrepreneurial vision and dissatisfaction with current solutions.
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Start-up company registration formalizes the establishment of the new venture. This process marks the beginning of a journey focused on growth and market penetration.
Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
As the sole owner and director, the individual has complete control over the company's operations and decisions.
With fewer regulatory requirements, OPCs are simpler to manage compared to other company structures.
OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.
OPC Company is easy to sell, very less documentation and cost is involved in selling a One Person company.
OPCs can easily convert to other types of companies as the business grows, providing flexibility for future expansion.
We provide professional consultation to help understand the specific requirements and benefits of registering an OPC.
We assist in the preparation and collection of all necessary documents, ensuring compliance with legal standards.
We help in obtaining the Director Identification Number (DIN) and Digital Signature Certificate (DSC) required for the registration process.
They manage the entire process of name approval with the Ministry of Corporate Affairs (MCA), ensuring that the proposed name meets all legal criteria.
Bizntax drafts the Memorandum of Association (MOA) and Articles of Association (AOA), tailoring them to the specific needs of the business.
We handle the filing of required forms (INC-32, INC-33, and INC-34) with the Registrar of Companies (ROC), ensuring all legal requirements are met.
Bizntax assists in obtaining the Certificate of Incorporation, signifying the official formation of the OPC.
A One Person Company (OPC) is a type of business entity in India where a single person can establish a company with limited liability. It provides a unique opportunity for solo entrepreneurs to operate as a corporate entity.
Only a natural person who is an Indian citizen and resident in India is eligible to act as a member of an OPC.
The nominee steps in as the member in case the original member becomes incapacitated or dies, ensuring continuity of the company.
There is no minimum capital requirement for OPC registration in India. You can start an OPC with any amount of capital, as per your business needs. However, we suggest to keep minimal capital of Rs.20,000 to take care of the formation expenses.
No, a minor cannot become a member or nominee in an OPC. Only individuals who have attained the age of majority can form or be associated with an OPC.
The documents required for OPC registration include identity proof, address proof, PAN card, passport-sized photographs, and a No Objection Certificate (NOC) from the property owner (if the registered office is a rented premises).
