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Register
One Person Company with us One Step lower than Private Limited Company
Easy to Register
Great Benifits
We help to form the following
Cost to Register
Almost same as a private limited company but a bit lower
Person Required
TWo: same as kprivate limited company
Share Holding
Only one person is required for share holding whereas in Private Ltd company two are required.
Limitations
OPC can be mandatorily converted to private limited company when certain conditions are met
Post Incorporation
OPC may have difficulties when applying for certain licenses and registrations
NRIS
No Nris and foreign nationals can take part in forming a one person company.
What is an OPC
A private Limited company formed with One Shareholder. As ,It can not have more than One person at any time, it derives the name One Person Company for the same reason .One Person Company Combines the best features of a Proprietorship concern and a Private Limited Company at the same time. Not only It gives absolute and undiluted control and ownership of the assets of the business but also provides separate legal identity distinct from owners and perpetual Succession and easy transferability.
One Person Company should be preferred when enhance business credibility , limited liability and lesser compliance and formalities is preferred.
Limitation of One Person Company
- Only a Natural Person and Resident in India can register and operate
- Not an option when Funds from Angels, Seed Funds or Venture Capitalists is Expected
- Suitable for Small Business only
- Scalable only to a certain extent. Obligatory to convert to a Private Limited Company after Turnover reaches Rs. 2 Crores or Paid up Capital exceeds Rs. 50 lacs.
- Higher Compliance than a Proprietorship Concern
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Almanac Life sciences
