One Person Company is a company where there is only one member. The member and the director in an OPC can be same person.
This plan is for small scale business that want legal existence without dilution of ownership. With this plan you can enjoy status of separate legal entity with limited liability of the individual and lesser compliance.
|Company Name Search||Free|
|Consultancy on Registration and Name Availability||Free|
|PAN and TAN Fees||170.00|
|Total Cost||7,999.00 + GST|
The above mentioned government fee has been calculated on minimum capital of Rs.100000
The price varies depending on the authorised capital, state of registration and the number of directors, foreign directors and members.
An OPC is mandatorily required to be converted into Private or Public limited company if its Paid up capital exceeds 50 lac or turnover crosses limit of 2 crores.
DIN is an eight (8) digit number that uniquely identifies a director. One person can possess only one DIN. In order to become a director, it is mandatory for an individual to have DIN.
A person can become member only in one OPC.
Yes, it is mandatory for incorporation of an OPC to appoint a Nominee.