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The idea of One Person Company (OPC) in India was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. Since, no intervention from any third party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes. One Person Companies are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial. One Person Company, which is a new concept in India, already sees a big boom. A huge impact on the economy and development of nation is expected. It gives opportunities to many and will therefore bring creative and young minds in front of everyone. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.

One Person Company Process

1

Application of DSC & DPIN

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2

Name Approval

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3

MOA & AOA Submission

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4

Get incorporation Certificate

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5

Apply for PAN, TAN and Bank account

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Documents Required

Copy of PAN Card of directors Passport size photograph of directors
Copy of Aadhar Card/ Voter Identity Card of Directors Copy of Rent Agreement (if rented property)
Electricity/ Water Bill (Business Place) Copy of Property Papers (if owned property)
Landlord NOC  

Benefits of One Person Company

 

  • Separate Legal Entity
  • Uninterrupted Existence
  • Borrowing Capacity
  • Easy Transferability
  • Owning Property

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