Benefit Of One Person Company In India
Complete Control of the Company with a Single Owner
This results in fast decision making and execution. Yet OPC can appoint as many as 15 directors for administrative functions, without offering any share to them.
Online OPC registration in India is one of the most convenient kinds of business entities to handle. Really couple of ROC filing is to be submitted with the Registrar of Business (ROC).
Much better image and reliability in Market
In India, OPC is a Private restricted company, which is a popular and well known business structure. Corporate Clients, Vendors and Govt. Agencies prefer to deal with Personal Restricted Company rather of proprietorship companies.
In a one person personal minimal company, only investment in organisation is lost, personal possessions of the directors are safe.
Easy to Sell OPC
OPC Company is easy to offer, really less paperwork and cost is associated with selling a Someone company.
In India, OPC is a Private minimal company, which is a popular and well recognized business structure. Agencies choose to deal with Private Minimal Company instead of proprietorship companies.
Mininmun Requirments of OPC Registration:-
Minimum 1 Investor.
Minimum 1 Directors.
The directors and investors can be same person.
Minimum 1 Nominee.
Only Indian residents can be Investor & Candidate.
Minimum 1 Director must be Indian Homeowner.
Minimum Authorised Share Capital to be Rs. 1 Lac8DIN (Director Recognition Number) for all Directors.
DSC (Digital Signature Certificate) for 1 Promoters & 1 witness.
Easy to Manage and Freedom from Compliances
OPC is among the simplest types of business entities to manage. Really few ROC filing is to be submitted with the Registrar of Business (ROC). No have to conduct Annual General Satisfying (AGM) and other routine compliances.
Assists for Evaluating of Organisation Design and Enables Financing
The OPC service helps Startup Business owners to easily check their service model, and upon developing a marketable item, they can approach Angel financiers, Investor for financing and quickly convert their OPC into multi investor Private Restricted company.
Limited Liability Defense to Directors personal properties
Many times startups have to obtain cash and take things on credit. In case of proprietorship firms, Owner’s personal savings and property would be at danger incase service is unable to repay its loans. In a single person personal restricted company, only financial investment in service is lost, personal properties of the directors are safe.
For online one person company registration online in India please visit company vakil ROC company search.