The Companies Act of 2013 brought an interesting idea called the One Person Company (OPC), which allows a single individual to create and run a company. This was a significant change because, before this Act, a single person couldn't form a company and had to go for a sole proprietorship instead, which required at least two directors and two members.
The OPC concept changed the game by allowing a single person to establish and operate a company, serving as both the sole director and member. This significant shift means that individuals can now harness the benefits of a company, such as perpetual succession and limited liability, while enjoying the simplicity and autonomy of a sole proprietorship, regardless of whether they are residents or NRIs.
A noteworthy point is that the compliance requirements for an OPC are comparatively lower than those for a private company, making it an appealing choice for individual entrepreneurs who want to establish their own ventures. With this new concept, the Companies Act of 2013 has provided more flexibility and opportunities for single-person businesses.
No, Commercial place is not compulsory. You can show your residential place or any rental place etc
No. We will complete the formalities and register your company online.
Yes, the documents need to certify by a CA/CS
Any Individuals, company, LLP, firms etc
Only individual can become director of the company.
20 days from the date of approval for new company and 60 days in case change the name of existing company.
Minimum two directors are required for a company
ROC is a central govt office where companies get registered. Every state has ROC officers.
No, once the company registered it will be valid till officially closer the company.
DIN is an identification number issued by ROC ( Registrar of Company). DIC is required for a person became director of a company.
DSC is digital signature using by the individual for digitally singing documents. As all ROC registration is required digitally signed forms so all individual authorised to execute documents needs to take DSC.
MOA is Memorandum of Association and AOA is article of association. This is the rules and laws of the company and which purpose the company incorporated etc.
Yes, you can change the registered address at any time.
The capital amount should be deposited with in two month so the incorporation.