ONE PERSON COMPANY REGISTRATION
Register your OPC @ Rs 8000 (Professional fee)
- DSC for Two Subscribers
- DIN for One Director
- Filling application for Name approval
- Draft and Finalize E-MOA and E-AOA
- PAN and TAN of the Company
- Certificate of Incorporation(COI)
- Time: 5-7 working days
- 100% Online Process
WHAT IS OPC REGISTRATION?
One Person Company or OPC registration is a concept of forming a legal entity with only one person as the sole owner of the Business. It is the process of corporatization of a single individual. Only a natural person who is a citizen of India, whether resident in India or otherwise, can become the sole member of One Person Company. The sole member himself can act as director of the Company as well. Running of OPC requires a minimum of one Director and a maximum of 15 directors without any additional compliance.
Further, the sole member of the OPC needs to appoint his nominee at the time of registration of the company and at all the times thereafter, 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 01st February 2021_even NRIs can now incorporate one person Company and act as its member or nominee)
Features OF OPC Registration
Seperate legal entity
A One Person Company is registered under the Companies Act with an entity distinct from its owner and Directors, i.e. Separate Legal Entity.
Only One Person
A One Person Company can be incorporated with a single person who may act as a director and a shareholder at the same time. However, a nomination is additionally required.
Ease Of Compliance
Compliances for Meetings & E-returns filling as per the Companies Act 2013 are less in number as compared to that for a Private Limited Company.
Easy To Raise Funds And Loans
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.
Requirements
- 1. Two natural persons being citizens of India, whether Resident in India or not, to act as Member & Nominee respectively.
- 2. Minimum one director on the Board of the Company (Such director may or may not be the sole member of the Company).
- 3. Digital Signature Certificates (DSC) of the member and the Director of the Company.
- 4. Two to Four proposed unique names for the name reservation of the Company.
- 5. Self-attested proof of Identity and address of the member, nominee and the director of the proposed OPC along with their PAN Card, Aadhar Card & passport size colour photo in jpeg format.
- 6. Details of the premise to be registered as the Registered Office of the proposed OPC along with the proof of ownership, NOC from the owner for such use of premise and a utility bill in the name of the owner not older than two months.
Whats The Process
- 1
Name application through SPICE + PART A.
Two names for the proposed OPC, in the order of preference, are applied online through SPICE+ Part A.
- 2
DSC (Digital signature Certificate) preparation
Documentation and Certification for DSC (Digital Signature Certificate) is applied with the relevant authorities.
- 3
Preparation and E-Filing for Incorporation
An online application for the registration of an OPC is filed in SPICE+ Part B, together with SPICE+ MOA, SPICE+ AOA, Agile Pro, and INC-9.
- 4
Get Incorporation Certificate
Basis the application, as the application gets approved, COI, PAN, TAN, EPF and ESIC Registration number get allotted in the name of the Company.
customer stories
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
Harneet Singh
Sydney, New South Wales, Australia
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Smriti Anand
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
Sarita Chauhan
Chairman & Director Farsighters Network and Communications Pvt Ltd
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Harcharan Singh
Chartered Accountant UAE
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Ashwani Soni
Founder, Addensure Media LLP
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Amit Tyagi
Founder, Onmytap- NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Kiranjeet Kaur
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd
Price
Standard
8000
9600
- One Person Company (OPC) Registration with One Director and a nominee.(Excluding Govt Fees and GST)
Basic
10500
12600
- One Person Company (OPC) Registration with One Director and a nominee +GST Registration. (Excluding Govt Fees and GST)
Premium
11500
13800
- One Person Company (OPC) Registration with One Director and a nominee+GST Registration+MSME Reg. (Excluding Govt Fees and GST)
Frequently Asked Questions (FAQs)
No, OPC can have only one member.
Yes, OPC can have more than one director.
A One Person company may be converted into a Private or Public Company, other than a company registered under section 8 of the Act, after increasing the minimum number of members and directors to two or seven members and two or three directors, as the case may be and by making due compliance as prescribed in the Law for such conversion.
1. OPC cannot be converted into Section 8 Company.
2. Any business which carries out Non-Banking Financial Investment activities including investment in securities of anybody corporates.
A person can become a member in only one OPC at a time.
Two Board Meetings with a gap of at least 90 days between each meeting is required to be held by OPC.
Yes, a member of a One Person Company can be a nominee of only one other OPC at the same time. Further, where such a member of the One Person Company becomes a member in another such Company by virtue of his being a nominee in that One Person Company, such person shall meet the eligibility criteria within a period of one hundred and eighty days and accordingly surrender the membership in either of the two companies..
In India, under the Companies Act, 2013 there is no specific tax advantage for a OPC company. The one-person company registration is liable to pay tax at a flat rate of 22%. Any additional taxes like MAT and DDT are applicable just like other companies.
As per the Ministry of Corporate Affairs, only a natural person who is an Indian citizen, whether resident of India or not, is allowed to register as a member or nominee of the One Person Company.
For one person company registration, there are certain mandatory legal compliances that should be followed. They are:
1. Maintenance of proper books of accounts.
2. Complying to the statutory audit requirements.
3. Annual timely submission and filing of Income tax returns before 30th September.
4. Filing of Financial Statements in Form AOC-4 and ROC Annual Return in form MGT 7.
The persons not eligible to form an OPC are:
1. A minor cannot become a member.
2.A Foreign national.
3.Any person disabled to contract.
No, foreign direct investment is not allowed in a one person company.
Yes, Once an OPC is registered, we assist the company in compliance with Tax and Legal compliances on a monthly subscription basis. you can find the details on our website under the plans tab.