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One Person Company is a new structure of company where all the responsibilities of operation and managing the business lies solely with one person who is the member cum director of the company. It contains the benefits of both sole proprietorship as well as a company. The annual compliances of every OPC involves complete holding of their annual requirements. At Allindiaitr we shall provide you with full assistance in how to draft a contract, appoint an auditor, legal agreements and other secretarial services.
Prices may differ according to your bank entries, sales/turnover. The applicable price shall be informed to you by out tax expert during consultancy.
Every One Person Company.
Yes, A minimum of 1 lac is required as the capital to start an OPC. Hence, there is a limit on the minimum capital.
The minimum requirements for an OPC are:
An OPC is exempted from holding a Annual General Meeting.
After the approval from the Registrar of Companies (ROC) for the name of the company, one has to file all the documents of Incorporation with the ROC.
Next, the e-forms have to be uploaded online after which the registration fees has to be paid.
Once the above methods are applied, you shall receive the Incorporation Certificate.
One Person Company is a new type of business entity. A private limited company can be formed with a minimum of two directors and shareholders. The directors and shareholders can be same individuals. One person company does away with the requirement of minimum two shareholders. It allows a single entrepreneur to get his business registered as a company and get limited liability protection.
Yes, it can be converted into Private Limited Company, if the One Person Company has exceeded the threshold limit by filing necessary forms.
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