A company can be formed with just 1 Director (who will also acts as a member). It is a form of a company where the compliance, Incorporation & Annual maintenance fee are lesser than that of a private company. Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
There is no specific tax advantage to an OPC over any other form. The tax rate is flat 30%. In case In case the paid-up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatory convert itself into a private or public company
Document Required :
Applicant Details : One Director / shareholder and One Nominee with their :- (1) PAN & Aadhar copy. (2) ID Proof: Voter ID or Passport or Driving License. (3) Address Proof: Bank Statements or Mobile bill (Last Month). (4) Educational Qualification. (5) Occupation. (6) Passport size photo. (7) Email & Mobile No. (8) Place of birth. (9) Nationality. (10) DIN : If allotted earlier. (11) Details of companies where you are already engaged as a director. (12) No. of year from which residing at the residential place
Company Details: (1) Name of the Business unit, (2) Objective of the Business. (3) Email and Mobile No. , (4) Proof of place of business: Electricity or Mobile bill (Last Month). (5) Proof of ownership: Rent agreement in the name of any one applicant Director (But if the property is owned by any of the director then purchase deed will be required.) (6) NOC from the owner of Place of business. (7) Amount of share capital.
One DSC, One DIN, Company name reservation form, COI, MOA, AOA, PAN & TAN
One DSC, One DIN, Company name reservation form, COI, MOA, AOA, PAN, TAN, ESIC & PF No. GST, MSME, Shop & Establishment, and ISO 2009:2015,
One DSC, One DIN, Company name reservation form, COI, MOA, AOA, PAN, TAN, ESIC & PF No. GST, MSME, Shop & Establishment, ISO 2009:2015, Trade Mark application, Share Certificate, Auditor Appointment and Current account opening kit.