Welcome to Filingpoint One Person Company Registration Expert +91 72999 72500
Filingpoint One Person Company Registration in Vadapalani is the corporate form of legal entity that allows a single promoter to operate and manage the business with limited liability protection. It provides a seamless way to raise funds from financial institutions and venture capitalists as it is a separate entity from the promoter. This also enables the OPC to continue beyond the death or incapacity of the sole director.
Unlike a Proprietorship Firm where the law treats the proprietor and his business as one, an OPC is treated as a distinct legal entity with a separate shareholding and directorship. Therefore, ownership is easy to transfer. It also has lower compliances than a Private Limited Company which makes it an attractive option for entrepreneurs at the initial stage of their ventures.
OPCs need a minimum of 1 Director and can have a maximum of 15 Directors. The sole shareholder can be the Director as well. The company can have a paid-up capital upto Rs 50 lakh. The OPC is allowed to raise funding from venture capitalists, angel investors and incubators, as it is a separate legal entity. Moreover, it is easier for the OPC to obtain loans from banks, as the company is a legally registered entity with a permanent identity.
OPC Registration is a simple process, with the help of professional consultants. We can complete the entire procedure within a few days. The process involves obtaining a Digital Signature Certificate (DSC) and Director Identification Number for the proposed Directors, Drafting of various documents including Memorandum of Association & Articles of Association (MOA & AOA), Application for Name approval with Ministry of Corporate Affairs, Filling of Spice Form, submission of all the necessary documents and payment of government filing fee. Once the ROC approves the company, it is issued with a Certificate of Incorporation. Once the company is active, it can file for PAN & TAN and open Bank Account.
Contact Filingpoint One Person Company Registration Expert +91 72999 72500
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