The idea of one Person Company (OPC) in india was introduced to provide a lift to entrepreneurs who have great potential to begin their own venture by permitting them to form one person company. If an OPC exceeds a turnover of over Rs. 2 crores or contains a paid capital higher than Rs. 50 lakhs, it should be became a personal or public company at intervals six months. varied benefits like
Limited Liability: The directors’ property is often safe in an exceedingly personal company, regardless of the debts of the business.
Continuous Existence: an OPC contains a separate legal identity, it might pass on to the campaigner director upon his death and so, still exist.
Greater Credibility: As an OPC must have its books audited annually, it’s larger quality among vendors and loaning establishments.
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph Specimen signature (blank document with signature)