Starting a business can be exciting, but it can also be intimidating. One Person Company (OPC) registration is a great way to start your own business in India. more
Join the digital revolution with these easy-to-follow instructions for obtaining a One Person Certificate! more
A. Any individual who is an Indian citizen and resident in India can register an OPC. However, individuals who are already directors of other companies or who have already incorporated an OPC are not eligible to register a new OPC.
No, an OPC can have only one director, who is also the shareholder of the company. However, the owner can appoint a nominee to take over the business in case of their death or incapacitation.
A. There is no minimum capital requirement for registering an OPC in India. The owner can start the business with any amount of capital they deem fit. However, the maximum paid-up capital for an OPC is limited to Rs. 50 lakhs.
Yes, an OPC can be converted to a private limited company or vice versa. The process for conversion involves submitting an application to the Ministry of Corporate Affairs and meeting certain conditions and requirements.
OPCs have fewer compliance requirements compared to other types of companies. For example, an OPC is not required to hold an annual general meeting or appoint an auditor. However, the owner must file annual returns and maintain proper accounting records.
Yes, an OPC can do business outside India, subject to the rules and regulations of the foreign country. The owner may need to obtain certain permits and licenses before doing business in a foreign country.
Helping entrepreneurs turn ideas into businesses over 10,000+ times.
Offering customers compliance and advisory legal solutions across India
Get Clarity on Your Legal Matters Schedule Your call for Legal Advice Now!
I recently registered my One Person Company (OPC) through India Advocacy, and I must say it was a fantastic experience. Right from the initial consultation to the final registration process, the team at India Advocacy was extremely professional and efficient. They guided me through each step, explaining the requirements and documents needed in a clear and concise manner.
The India Advocacy team displayed in-depth knowledge of the OPC registration process and ensured that all the legal formalities were completed accurately and on time. They kept me informed about the progress of my application and promptly addressed any concerns or queries I had along the way.
I wanted to take a moment to express my utmost satisfaction and appreciation for the exceptional service provided by your team during the registration process of my One Person Company (OPC). From the initial consultation to the final completion, your expertise and professionalism were truly commendable. Overall, I am extremely satisfied with the services provided by India Advocacy for the registration of my One Person Company. Your team's expertise, efficiency, and exceptional customer service have made the entire process seamless and hassle-free. I would highly recommend your services to anyone seeking legal assistance for business registrations or any other legal matters.
Apply for One Person Company Registration today !