One Person Company Registration

It is incorporated only as a private company which has only one member. Any natural person (should not be minor) who is an Indian citizen whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint nominee of an OPC.

Basic Mandatory Compliance

At least one Board Meeting in each half of the calendar year and the time gap between the two Board Meetings should not be less than 90 days.

Maintenance of proper books of accounts.

Statutory audit of Financial Statements. Filing of business income tax returns every year before 30th September.

Members and Directors in an OPC

The minimum and maximum number of members in an OPC can be only one.

The minimum and maximum number of directors in an OPC can be one (1) and fifteen (15) respectively.

Types

OPC Limited by Shares

OPC Limited by Guarantee with Share Capital

OPC Limited by Guarantee without Share Capital

Unlimited OPC with Share Capital

Unlimited OPC without Share Capital

Benefits of Limited Liability Partnership

Limited Liability

Protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members.

Flexibility

The operation of the partnership and distribution of profits is determined by written agreement between the members.

Legal Entity

The LLP is deemed to be a legal person. It can buy, rent, lease, own property, employ staff, and enter contracts.

Corporate Ownership

LLP’s can appoint two companies as members. In an LTD company, at least one director must be a real person.

Documents You’ll Need

1. ID Proof

Aadhar / Voter ID / Driving licence / Passport

2. Address Proof

The address proof of the member and nominee along with the proof of registered place of business (ownership documents/rent or lease agreement) or any bill in relation to electricity/landlord bill/bank statement.

3. Photos

The photos of the respective partners must be submitted for identification and verification purposes.

4. PAN Card

The PAN card of the respective partners and designated authorities of the LLP is required.

5. DSC

Digital Signature Certificate (DSC) is required for e-filing the incorporation of the LLP.

6. NOC (Owner/Landlord)

A No Objection Certificate from the property owner/landlord must be enclosed.

7. Passport

Passport is mandatory for any Non-Resident Indian (NRI) or foreign national partners.

8. Mobile Number and Email ID

Contact information of the member and nominee.

9. Bank Statement

Bank Statement copies of member and nominee and of the company.

10. Utility Bill

Electricity bill not older than 2 months of the registered address of the company.