One Person Company
One person company as the name suggest, can be registered with single person as member. One person company is formed by a natural person who is an Indian citizen and resident in India.
The shareholder is supposed to nominate another person who will become the shareholder in case of death of the original shareholder. Such nominee shall give his consent to become nominee. Only a natural person who is an Indian citizen and resident in India can become nominee in OPC.
Note: The term resident in India means a person who has stayed in India for a period of not less than 182 days during the immediate preceding one calendar year.
Why Choose SCA India One Person Company
Professional Charted Accountants
Our founders are Chartered accountants having diverse experience in the filed of accounting, finance and compliance management
Dedicated Team
We have dedicated team of Chartered accountants and Company Secretaries
In-House Services
We provide all services in-house
Advantages of One Person Company
- Separate legal entity: In such a case, OPC provides benefit of separate legal entity which is not available in sole proprietor business.
- Limited liability: OPC provides limited liability protection to directors and shareholder.
- Less Compliances: Compliance environment is quite relaxed for OPCs in comparison to other companies.
- Corporate form of proprietorship: OPC is a hybrid form of proprietorship and therefore provide many advantages of proprietorship.