Only one member is required to Incorporate a ONE PERSON COMPANY. Only a natural person who is resident in India can be a Member. A nominee is also required who shall become member of OPC in the event of subscriber's death. A Minor can not become member of the OPC.
a) It shall cease to become OPC if Paid up share capital exceeds 50 Lakhs Rupees or
b) its average annual turnover exceeds 2 crores Rupees during these 2 years..
For incorporation of a company, we need documents/details in respect of Directors and shareholders of the proposed company. We need to upload the documents/details on MCA portal. After verification(by MCA) of all the documents/details uploaded , MCA will approve the incorporation of company.
Following documents(Scanned Copy) are required for the incorporation of the company :-
1. For Directors and Subscribers
2. For Company
Legiance Consultants Private Limited