One Person Company(OPC)
Register your One Person Company (OPC) @ Rs.4500 (Professional Fee)
- Free Consultancy
- Free Name Search
- Name Reservation
- DSC for 2 Subscribers
- DIN for 1 Director
- Drafting of MOA and AOA
- Certificate of Incorporation
- PAN and TAN of the Company
- Employee State Insurance Code(ESIC)
- Share Certificate
- Printed copy of MOA and AOA
- Time: 4 – 12 days
- 100% online assistance
CONTACT US
ABOUT
One Person Company or OPC registration is the process of corporatization of a single individual. It is a concept of forming a legal entity with only one person as the sole owner of the Business. A person who is a citizen of India, whether resident in India or otherwise, can be sole member of One Person Company. He himself act as director of the Company . To run an OPC, it requires a minimum of one Director and a maximum of 15 directors without any additional compliance.
The sole member of the OPC needs to appoint his nominee at the time of registration of the company, who shall, in the event of the member’s death or his incapacity to contract, become the member of that One Person Company. Like the member, the nominee should also be a natural person who is a citizen of India, whether resident in India or otherwise.
One Person Company has a separate legal entity distinct from its members and Directors. OPC is more suited to freelancers or individuals who desire to have complete control of their business without the participation of any second person. One Person Company registration protects small entrepreneurs from the disadvantages of sole proprietorship and secures them with the status of a company. (Update via MCA notification dated 1st February 2021_even NRIs can now incorporate one person Company and act as its member or nominee)
ADVANTAGES
Tax Deduction
Unlike proprietorship firms, the OPCs are eligible for deductions under the Income Tax Law.
Control of One Person
Single owner is helpful as compared in having more than one owner. It is highly favorable in making a quick decision, managing business without any interference, or any suggestions from other person. The sense of belonging motivates to grow the business.
Easy to raise Fund
An OPC registration is one of the easiest forms of registering a business. Under a one person company, it is easier to raise funds and loans because the status of a company is better than a sole proprietorship.
Quick and Easy Decision Making
As in One Person Company, only one person is involve , thus decision making is quick and easy without any interference of others.
PROCEDURE
STEP 1
Receive and review documents from client
STEP 2
Name selection and name reservation for Proposed Company
STEP 3
Apply for digital signature
STEP 4
Drafting of MOA and AOA
STEP 5
Submission of documents to the concerned Registrar of Companies
STEP 6
Certificate of Incorporation, PAN TAN and ESIC
STEP 7
Printing of MOA and AOA, Share Certificate
STEP 8
File commencement of business within 180 days of incorporation
REQUIREMENTS
Individual Identity Proof
Any one of Adhaar Card/Voter Card/Passport/Driving License and
PAN Card(Compulsory of Resident Indian) required for both the Director and Nominee
Individual Address Proof
Bank Statement
Mobile Bill
Electricity Bill
Registered Office Proof
Any Latest Utility Bill(Electricity Bill/Gas Bill/Mobile Bill/Telephone Bill) and Rent Agreement (only if taken on Lease)
Passport Size photographs
Latest Passport Size Photograph for both the Director and Nominee
PRICE
BASIC
Rs.4500
OPC Registration Only
with One Director and a nominee
(Excluding Govt Fees and GST)
₹4,500.00Add to cart
STANDARD
Rs.6500
OPC Registration with One Director and a nominee + GST Registration.
(Excluding Govt Fees and GST)
₹6,500.00Add to cart
PREMIUM
Rs.7000
OPC Registration with One Director and a nominee + GST Registration + MSME Registration
(Excluding Govt Fees and GST)
₹7,000.00Add to cart
FAQs
1. What is the minimum number of Director to form an OPC?
As the name suggests, a One Person Company has only one director.
2. What is the minimum number of shareholders to form an OPC?
An OPC can be started with one shareholder only.
3 . A person can be a member in how many OPCs?
A person can be member in only one OPC.
4. Who can incorporate One Person Company?
Rule 3 of Companies (Incorporation) Rules 2014 provides that:
Only a natural person; (should not be minor)
Indian citizen;
3. Person Resident in India
5. Is it mandatory to appoint Nominee in case of OPC?
Yes, it is mandatory to nominate a person, (who shall meet the criteria as discussed above), at the time of incorporation, with his prior consent in the Form INC-3.
6. Is FDI allowed for OPC in India?
No, FDI into a one person company in India is restricted.
7. Is there any threshold limits for an OPC to mandatorily get converted into either private or public company?
In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.
