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One Person Company Registration

One person company is the best way to start a company if there is only one promoter or founder.

The Companies Act, 2013 defines it as “ A Company which has only one member”.

It has all the advantages of a private limited company, like limited liability, easy to incorporate, access to credit providing full control to the person to start a business on their own.

It is a Simple Four-Step-Process and takes approximately 10-12 working days to complete.

One Person Company Registration Process

 

                        

Deliverables from LeanFlo Inc.

  • – 01 Digital Signature Certificates (DSC) for the two Directors
  • – 01 Director Identification Numbers (DIN) for the two Directors
  • – Certificate of Incorporation (COI)
  • – AOA (Article of Association)
  • – MOA (Memorandum of Association)
  • – PAN
  • – TAN

Advantages of registering as a Private Limited Company:

Separate legal entity

One person company enjoys the status of a separate legal entity distinct from its owner and enables the owner to enjoy complete ownership of the business.

Limited Liability

The personal assets of the owner are secure even in case of debt or loss as the liability of the member is limited to his shareholding.

Continued Existence

OPC enjoys the privilege of unobstructed existence unless it is legally dissolved. In the event of death or departure, the nominee shall become the member of the OPC.

Minimum Requirements for OPC Registration

  • – Minimum 1 Shareholders
  • – Minimum 1 Directors
  • – DIN for all Directors

For more information and arranging a discussion with our experts, please feel free to reach out to us at info@leanflo.co

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