ADVANTAGES & BENEFITS
WHAT DO YOU GET
QUESTIONS & ANSWERS
What documents required to start Single Person Company (OPC)?
You need to arrange very simple documents of director like photograph, Pan card and one address proof.
Is OPC Registration to be renewed every year?
No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year one man companies have to file very basic returns with ROC office.
Can we change office address of the company after Incorporation?
Yes, company office address can be changed anytime after incorporation.
Does my business have to have some level of turnover to start OPC Private Limited?
This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.
Does PF, GST is automatically applicable to OPC Private Limited?
There is no automatic applicability. Provident Fund (PF), GST law applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.