One Person Company

What's New

CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration. CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

Presentation

presentaions

Notification's

Formation
Registration / License
Maintenance of Records
Compliances / Filings
Financial Services
Other Services
one-person-company
what is meant by one person company ?

Section 2(62) of the Companies Act 2013, states ‘One Person Company’ as a company which has only one person as a member. It has been facilitated recently so that businessman can own and manage companies alone. one person company registration.

All the shares may be owned by individual person having a nominee to register this form of entity. This has been introduced to pamper business-related growth and generate good employment opportunities.

one person company benefits :
  • Interest on Delay in Recovery : One Person Company (OPC) can avail all benefits under the Micro, Small and Medium Enterprises Development Act 2006 (MSME Act, 2006), e.g., they are also entitled to receive interest, which is three times of the bank rate, on the delay of payment after a specified period, against their dues.
  • Sole Owner : The Sole owner can make business decisions and control the activities of his own.
  • Other Opportunities : The owner can take higher amount of risks in business without causing damage to his individual assets.
Documents Required For OPC Registration :
  • Identity proof of the director (PAN card, passport, voter ID card, etc.)
  • Address proof of the director (electricity bill, telephone bill, bank statement, etc.).
  • Memorandum of Association (MOA) and Article of Association (AOA).
  • Consent of the designated nominee.
  • Digital Signature Certificate (DSC).
  • Proof of registered office of the OPC.

Get in Touch?

    Your Name*

    Your Email Id* :

    Your Mobile No* :

    Message :

    Google Ads

    Ads