OPC is a new concept recently introduced by Ministry of Corporate Affairs (MCA) as a strong improvement over sole proprietorship.
Those entrepreneurs who are planning to start and want full control on their business with corporate identity OPC is the best choice for them.
If OPC exceed a turnover of Rs. 2 crores or paid up capital of Rs. 50 Lakhs then its mandatory to convert it into private limited or public limited within 6 months.
Minimum share capital required only Rs. 1 Lakh.
Separate legal entity with one person control over its functionality.
Borrow funds in name of Company.
Have property in name of Company.
Easy to incorporate with low documentation and cost efficient.
Limited Liability towards company’s debts.
OPC has to nominate a Nominee (being resident in India).
Can start with one director and can exceed upto 15 directors.
Collection of DocumentsPAN
Bank Statement ( Latest two months)
ID Proof (Aadhar/Voter ID/DL /Passport etc.
Apply for Digital Signature (DSC) & Director Identification (DIN)Application of DSC and DIN is the initial phase which taken about 1-2 working days.
Name ApprovalMinimum 1 and Maximum 6 Name can be submitted basis on preference subject to name guidelines and availability of such name. Name shall be approved in 2-3 working days.
Memorandum of Association and Articles of AssociationWe will draft and finalize your company’s MOA & AOA along with other pre-requisite documents
Filing Forms with ROCPost completion of Name approval we will file forms with Registrar of Companies (ROC) for approval.
Incorporation Certificate & PAN/ TANA certificate of Incorporation is issued by MCA within 2-3 working days along with PAN & TAN.
* 1. PAN | 2. Bank Statement ( Latest two months) | 3. ID Proof (Aadhar/Voter ID/DL /Passport etc. | 4. Address proof (Telephone bill/ Electricity bill/ /Aadhar/Passport) | 5. Photograph of Director | 6. Business premises proof (Electricity Bill/ House tax Bill/ Water Bill) | 7. Rent agreement & NOC of Landlord if premises not owned ( Format provide by Business Neev)
500+
200+
15Years
