What is the procedure to register a One Person Company?

The broad process of registering a One Person Company involves following steps: STEP 1: Provision of requisite mentioned documents/information to us STEP 2: Validating the documents/ information and processing the same STEP 3: Filing of application and submission of the same in online manner STEP 4: Payment of appropriate government fee as applicable STEP 5: Processing of the application and issuance of registration certificate

What are some basic/ key documents required toincorporate a One Person Company in India?

PAN Card (All the Proposed Directors and/or Shareholders) ID Proof (All the Proposed Directors and/or Shareholders)(Passport/ Voter ID/ Aadhar Card/ Driving License) Address Proof (All the Proposed Directors and/or Shareholders)(Telephone Bill/ Mobile Bill/ Savings Bank Statement) Passport size Photograph (All the Proposed Directors and/or Shareholders) Rent Agreement (For proposed company Address) Electricity bill A permission letter from the owner about use of his premises for registered office of the proposed company*All the documents mentioned above in point no 1 to 3 need to be self-signed by the respective proposed directors/ members/ shareholders *All the utility bills or bank statements shall...

How much capital is required to incorporate a One Person Company?

The One Person Company can be incorporated with any amount of capital and there is no lower or upper limit to it. Further, the government has relaxed the government fees for Incorporation of a Private Limited Company up to an Authorized capital of Rs. 15,00,000/-, however, the stamp duty, which is still levied, varies from State to State.

What is a company shareholder?

Shareholders are the owners of companies limited by shares. As the beneficial owners of a limited company, they are not involved in day-to-day management or financial affairs.They are also called ‘members’ and they agree to become part of a company by taking a minimum of one share in it. The quantity of shares held by each person represents how much of the business they own. In an OPC there is only one shareholder who represents the only owner of the company.

Who are Directors of the company?

Directors are officers of the company who are responsible for managing the company and making the decisions as to its operation on a day to day basis, for the benefit of the shareholder.