A Company is the most acknowledged and accepted form of Business Structure worldwide. Not only it attracts investors but also encourages the entrepreneurs to represent their business in a form which is common and familiar to all. Further, it provides other benefits too such as that of having a perpetual succession and limited liability. Since a company has a separate legal identity from that of its promoters, it is capable of holding funds and properties and to sue and be sued in its own name. It is also eligible to borrow funds in different forms such as loans, debentures, etc.
One Person Company
Brief Idea :
With the introduction of the concept of One Person Company in India, the requirement of having at least two members to start a company has been done away with. This helps a person to enjoy the benefits of a Company without having to share the controlling power with any other person. The compliances involved in OPCs are least and maintenance is easy.
Minimum Requirements :
Directors- 1
Members- 1
Nominee- 1
Documents :
PAN Card of all Directors, member and Nominee (Self attested)
Identity Proof of all Directors, member and Nominee - Aadhar Card or DL or Voter ID or Passport (Self attested)
1 Passport size photo of all Directors, member and Nominee
Address Proof of all Directors, member and Nominee- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
Copy of Government issued Utility Bill of Office address (Not older than 2 months)
Time :
Fast Track- 1 working day from the day of submission of all documents by client
Normal- 5-7 working days from the day of submission of all documents by client
Note : The above time is subject to ROC processing time
