What is One Person Company Incorporation Overview
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC).
Earlier, In a Private Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. This prevented a single person from running a company. But now as per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser as compared to a private company.
Process for One Person Company Incorporation
Check eligibility and documents
Apply for DSC &DIN of all the Directors
File RUN Application for Name Reservation
File Spice Plus Form for Company Incorporation
Apply PAN and TAN for Your New Company
Issuance Of Certificate Of Incorporation By The Authorities
Open Bank Account and Start Operation
Documents Required For One Person Company Incorporation
Benefits Of One Person Company Incorporation
Checklist /Minimum requirement for One Person Company Incorporation