The insurance company assumes the financial risk of covering these events in exchange for the premiums paid by the policyholder. There are many different types of insurance,

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OPC (One Person Company)

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Meaning of One Person Company (opc) as per companies act, 2013

One person company (OPC) means a company formed with only one (single) person as a member and owner of the company. OPC was introduced in India in 2005, which gave a Legal identity as per Companies act, 2013. OPC is generally created when there is only one founder/promoter for the business. One person company registration (OPC) can be made in one form by applying through SPICe+ form- Simplified Proforma for Incorporating Company electronically (SPICe).

Services that can be availed for company incorporation through SPICe+:

One person company as per companies act, 2013:

“The Company is a ‘One Person Company’ within the meaning of Section 2(62) of the Companies Act, 2013 and accordingly.
The Company have a minimum paid-up share capital of One Lac Rupees or such higher paid-up share capital as may be prescribed and which by its articles,—
(i) restricts the right to transfer its shares;
(ii) limits the number of its members to one person:
(iii) prohibits any invitation to the public to subscribe for any securities of the company.”

One Person Company (OPC) characteristics:

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Benefits Of Registration Of One Person Company (Opc)

Limited Liability.

Fire insurance is a type of insurance policy that provides coverage for losses

Limited Liability.

Fire insurance is a type of insurance policy that provides coverage for losses

Separate Legal Entity.

Home insurance is a type of insurance policy that provides coverage for damages

Separate Legal Entity.

Home insurance is a type of insurance policy that provides coverage for damages

Less compliance as compare to PVT Ltd Co.

Car insurance is a type of policy that provides financial protection in case of

Less compliance as compare to PVT Ltd Co.

Car insurance is a type of policy that provides financial protection in case of

Easy Loan availability as status is ‘Company’ as per the Act

Marine insurance is a type of insurance policy designed to provide coverage

Easy Loan availability as status is ‘Company’ as per the Act

Marine insurance is a type of insurance policy designed to provide coverage

Benefits Of Registration Of One Person Company (Opc)

1) Fee for company name approval

A Govt fees is applicable for applying the opc company name approval. Govt fees is ₹ 1,000/- for the proposed company name approval.

2) Filing fee for company registration form (SPICE+)

A) Fee for Integrated Incorporation Form In case of company having share capital:

OPC registration Govt fees can be classified in following steps:

2) Filing fee for company registration form (SPICE+)

A) Fee for Integrated Incorporation Form In case of company having share capital:

Nominal Share CapitalOther than OPC & Small companiesOPC & Small companiesUpto ₹ 15 lakh

FixedFor every 10,000 or part thereof
N/AN/A
FixedFor every 10,000 or part thereof
N/AN/A

More than ₹ 15 lakh up to ₹ 50 lakh

51,000 +300
12000 +200

More than ₹ 50 lakh up to ₹ 1 crore

1,56,000 +100
1,56,000 +100

More than ₹ 1 crore

2,06,000 +75
2,06,000 +75