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Contact us for a free consultation today: https://softre.com/contact/ or whatsapp us +91 991 673 3838 Subscribe to Startup Guide 101 by #SOFTRE Learn how to form a Private Limited Company in India - • Start a Private Limited Company in In... So what exactly is One Person company? Well its exactly as it sounds. One Person or One Director company that is run and managed by a single person who is the director and shareholder similar to the proprietor with Limited Liability. To start one - all you need is a minimum of 1 director and 1 nominee. After an Amendment in 2015, there is NO mandatory requirement for minimum paid up capital in one person company formation. However, the government fee must be paid to the Government for issuing a minimum shares worth Rs 1 lakh as Authorized Capital during the incorporation of the OPC. Bear in Mind - There is no requirement to show proof of capital invested during the incorporation process. Indian Rupees, and a registered office address anywhere in India. What’s good is that the registered address for the company can also be your current residential address if you don’t have any commercial space or office yet. One Person Company or OPC is a fairly new type of business entity, added in the latest 2013 amendment of the company’s act, with a focus on the Proprietors running their businesses. This is to help limit their personal liability forming a company and also to create a perpetual organisation unlike a proprietorship firm. In this video, Ashish Prasad explains how to form a One Person Company in India, the requirements, the advantages of an OPC and also the disadvantages of having a One Person Company. What we have covered: How to start an OPC? What are the requirements for starting an OPC? Who are the Directors in an OPC ? What are shares ? Who issues shares? What is Authorised Capital ? What is Paid Up Capital? What is a public limited company? Why start a business as Private Limited Company (Pvt Ltd) ? What are the benefits of a private limited company? What is the disadvantage of a PVT LTD? If you want to start a business as a company, you also have other options of starting as One Personal Company, Limited Liability Partnership or a public company with the Ministry of Corporate Affairs which limit personal liability. Additionally, for a private limited company or OPC or public company along with LLP, you need to be allotted Digital Signature Certificates or DSC, MOA (Memorandum of Association) , AOA (Articles of Association) needs to be drafted and DIN (Directors Identification Number) is allotted to all directors mapped to your PAN card details with Ministry of Corporate Affairs (MCA.gov.in). Follow Us: Linkedin - / softre Twitter - / softre Facebook – / softre Pinterest - / softre Instagram - / softre Website: softre.com All rights reserved. © 2013-2022 SOFTRE®, its subsidiaries or its worldwide affiliates. SOFTRE®, SOFTRE Logo is a registered trademark of SOFTRE INDIA BUSINESS SOLUTIONS PRIVATE LIMITED (Formerly Lezele Technologies Private Limited). Disclaimer: This video is providing information for the purpose of knowledge only and should not be construed as legal advice or opinion.