OPC Formation Checklist

https://www.deasra.in/msme-checklist/opc-pvt-ltd-company-incorporation-checklist/
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What our entrepreneurs say...

“Inspite of having adequate experience and skills, having correct machinery to get your final product in place is essential for a designing business. I am thankful to deAsra for offering their support in documentation and funding for obtaining a loan to start my business with proper machinery in place.”

-Chetan Merurkar

“I required guidance in terms of employment generation, creating customer base when I approach deAsra. I was satisfied and convinced once all my queries were clarified with concerns to obtaining a loan for growing my existing business. deAsra’s guidance made me less risk averse.”

-Darshan Rambole

What is meant by OPC (One Person Company)?

One Person Company (OPC) is a type of Company under the Companies Act, 2013. OPC is a company that has only one person as to its member and another person as their nominee.

Takeaways from this checklist

  1. Features of OPC.
  2. Benefits of OPC.
  3. Procedure to set up an OPC.
  4. List of documents and information required for OPC formation.

Benefits of setting up an OPC:

It has lesser compliances as compared to a Private or a Public company.

Due to less documentation and compliance requirements, it is cost effective.