Copy of PAN Card of owner
In India, a one-person company (OPC) is one of the simplest corporate formations to manage. OPC is a hybrid between a sole proprietorship and a company. It has been granted numerous exemptions from the Companies Act's compliance requirements. It is a type of company with fewer compliance obligations than a private company. OPC registration is a simple and inexpensive process.
For sole proprietors and entrepreneurs who want to benefit from limited liability and a separate legal entity, OPC Registration opens up new business prospects. The challenges of finding the right partner for starting a business as a registered company is removed with OPC. Only one individual is required to function as a member, shareholder, and director.
It is easy to secure funding for an OPC from a variety of sources, including investors, venture capitalists, and other financial institutions.
An OPC has the same rights and benefits as a private limited corporation. This is due to the fact that these businesses are structured similarly to private limited companies.
OPC has the simplest company registration requirements, requiring only one shareholder, one director, and one nominee. Furthermore, if the shareholder and director are the same people
OPC has only one owner, which greatly speeds up the decision-making and management of the company. It also removes the need for input and approval from other management officials, and the owner's feeling of self-worth keeps him motivated to work and develop ways to help the company grow.
To start a one-person business, you'll need a minimum Rs. 5000 in your bank account.
Copy of PAN Card of owner
Passport Size Photograph Of The Owner
Copy Of Aadhaar Card/ Voter Identity Card
Copy Of Rent Agreement (If Rented Property)
Electricity/ Water Bill (Business Place)
Copy Of Property Papers (If Owned Property)
Landlord NOC (Format Will Be Provided)
Specimen signature or impression
