Magus can help you with incorporation of One Person Company for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.
The process of incorporating a One Person Company can take anywhere between 15 to 20 working days, subject to submission of correct information and complete documentation.
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
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...
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.
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.
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.
Minimum one director is required in a One Person Company, with an upper cap of 15 directors.
Only one person is required to form a One Person Company.