What is a One Person Company?
An OPC is similar to a private limited company but can have only one
shareholder, who is the sole owner of the company. It also requires a
nominee, who will take over the company in case the sole owner is incapacitated.
Benefits of One Person Company:
1. Sole Ownership
2. Limited Liability
3. Easy Credit Facilities
4. Smooth Management
5. Easy to incorporate
DOCUMENTS REQUIRED FOR ONE PERSON COMPANY INCORPORATION:
- Electricity Bill for registered office of the company.
- Identity proof of all director and members of company( Self attested Adhar card/voter id/Driving Licence/Passport)
- Residential proof( self attested Bank statement/telephone bill/gas bill/ phone bill)
- Email id and Contact number of all members and directors
- Passport Size photo of all director
Timeline :- 3-7 Working Days after complete documentation