One Person Company (OPC) Registration
Register your OPC @ Rs 7000 (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 requires a minimum of one Director which may extend to a maximum of 15 directors, and with only one subscriber. Both the Director and Subscriber may or may not be the same person, with no minimum paid-up capital limit. OPC company is incorporated as per the provisions Section 2(62) of the Companies Act 2013. One person company registration makes it easy for an individual to start a business with legal company registration.
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. OPC registration protects small entrepreneurs from the disadvantages of sole proprietorship and secures them with the status of a company.
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
- Minimum 1 Director.
- Minimum 1 Share holder.
- Minimum 1 Nominee.
- DIN of the Directors.
- Digital Signatures of Directors and Shareholder
- Shareholder and Nominee must be an Indian resident.
- Minimum 1 Director must be an Indian resident.
Documents For Directors and Shareholders
- Proof of Identity (Driving Licence/Voter Id/Passport)
- Proof of Present Address (If different from Permanent Address)
- Proof of Permanent Residence (Any Utility Bill/Bank Passbook copy/ Bank Statement)
- Passport size colour photo in jpeg format of Directors
- PAN card and Aadhar card
- DSC (Digital Signature Certificate)
Documents for proposed Registered office
- Rent/lease Agreement if taken on rent/lease
- Security deposit and rent receipt if applicable
- NOC from the owner of the premises
- Utility bill in the name of the owner not more than 2 months old.
Additional Information
- DIN No. of the director(If available)
- Nationality of directors and shareholder
- Occupation and Educational qualifications of directors and shareholder
- Email Id and Contact no of directors and shareholder
- Place of Birth of directors and shareholder
- Duration of stay at present address of directors and shareholder (in years and months)
- Four proposed names for the company in order of preference along with it’s importance
- Proposed Business activity in brief (in 2-3 sentences)
- Proposed total capital contribution
- Share capital contribution
Whats The Process
Name application through RUN (Optional)
Two names of the proposed Company are applied online through form RUN.
DSC preparation
DSC (Digital Signature Certificate), an E-Signature token is applied for.
Preparation and E-Filing for Incorporation
E-Form SPICe (INC-32) along with Articles of Association and Memorandum of Association are prepared, certified, and filed.
Get Incorporation Certificate
Basis the application, as the application gets approved, COI, PAN, and TAN get allotted in the name of the Company.
Price
Standard
₹7000 ₹8400
- One Person Company (OPC) Registration with One Director and a nominee.(Excluding Govt Fees and GST)
Basic
₹10000 ₹12000
- One Person Company (OPC) Registration with One Director and a nominee +GST Registration. (Excluding Govt Fees and GST)
Premium
₹11000 ₹13200
- One Person Company (OPC) Registration with One Director and a nominee+GST Registration+MSME Reg. (Excluding Govt Fees and GST)
Frequently Asked Questions (FAQs)
Can there be more than one member in OPC?
No, OPC can have only one member.
Can there be more than one director in OPC?
Yes, OPC can have more than one director.
When can the OPC be converted into some other company?
Voluntarily-after two years from the date of its incorporation.
Compulsory- When the threshold limit (paid-up share capital) is increased beyond fifty lakh rupees, or its average annual turnover during the relevant period exceeds two crore rupees.
How will OPC inform ROC about the increase in threshold limit?
The OPC shall file form INC 5 within sixty days of an increase in threshold limit to inform ROC.
Is there any restriction regarding what type of Company the OPC can be converted?
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 of how many OPC at a time?
A person can become a member in only one OPC at a time.
How many Board Meeting does an OPC required to hold in a year?
Two Board Meetings with a gap of at least 90 days between each meeting is required to be held by OPC.
Can a member of one OPC become nominee in other OPC?
No, a person who is a member of one OPC cannot become nominee in other OPC as he/she becomes a member in other company as a nominee. Hence, he/she will be required to surrender the membership in either of the two companies.
Is there any tax advantage of registering one person company?
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.
Who can opt for one person company registration?
As per the Ministry of Corporate Affairs, only a natural person who is an Indian citizen and resident of India is allowed to register as a director, shareholder, or nominee of the OPC Company.
What are the mandatory compliances for OPC registration?
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.
Who cannot form an OPC company?
The persons not eligible to form an OPC are:
1.A minor cannot become a member.
2.A Foreign national.
3.Non-resident of India.
4.Any person disabled to contract.
Is FDI allowed in a one person company?
No, foreign direct investment is not allowed in a one person company.
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