One Person Company Registration

Ideal for entrepreneur who have alone started a venture

Starting At Rs. 5,999 Onwards

(Takes 10-20 days)

OPC Registration Online

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Procedure For OPC Registration

Complete our OPC Form

You are required to fill your details in our simple questionnaire.

Start >

 

Obtain DSC and DIN for Director of OPC

Then, we shall obtain DSC and DIN for directors and apply for name approval of OPC.

3 working Days >

 

Verification and Name Approval of OPC

Details provided by you for OPC registration will be verified by our experts.

2 Working Days >

Apply for the COI of OPC

We will apply for and obtain a certificate of incorporation for OPC and then apply for TAN and PAN.

10 Working Days >

Your OPC is now Ready

Once your OPC is registered, we shall send you TAN and PAN via courier.

Congratulations >

What is OPC Registration ?

An OPC is the most contemporary form of business in India proposed by the Companies Act, 2013 and comprehends for a-One Person Company.

An enlightened thoughts was launched which boost the incorporation of micro-businesses and persons with entrepreneurial thoughts and to give a boost to entrepreneurs who have high probable to begin their endeavor by authorizing them to build a one person company.

You can simply register one Person Company under the framework of the companies Act 2013 and the laws there to, where it was made feasible for a one person company to work as a company without the multifaceted nature of having partners. This boosts more people to come forward to initiate a business. The OPC is suitable for small businesses where the turnover isn’t probably to cross Rs. 2 Crores. IN OPC Registration it’s imperative to take note of that the candidate or the director should be Indian Resident

One Person Companies are advancing largely in building up the general economy of India. An ever increasing number of Entrepreneurs are coming up and initiating their business. By incorporation of OPC, the organization can appreciate the advantages in banking point and are acceptable for Banking loans, credits. So, if you want to start up your own business, you don’t need to anguish about all the network and slow processes.

Choose OPC because

The following is the eligibility guidelines for OPC Registration in India.

  • Can have more than 1 directors, yet the investor can’t be more than 1.
  • Not influenced by the death of a member or shift in ownership.
  • Not influenced to set up and maintain approximately.
  • Restricts the liabilities of its members
  • Less Paperwork is needed.
  • Can work as Stockbroker or Sub-broker
  • Not numerous compliances
  • No impedance from any third party is seen
  • Even no individual is allowed to join more than 1 one-person company.

Documents Required For OPC Registration

  • Copy of PAN Card of owner
  • Passport size photograph of the owner
  • Copy of Aadhaar Card/ Voter identity card
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)

Why OPC Registration ?

Borrowing Capacity

Limited Liability

Uninterrupted Existence

Separate Legal Entity

Eligibility Criteria for OPC Registration

The following is the eligibility guidelines for OPC Registration in India.

  • Only a person who is a citizen of India and citizen in India. Citizen in India assigns to a person who had lived in India for a time at very least 182 days in the former one year.
  • Legal entities like company or LLP can’t join a One person company.
  • A candidate must be selected by the promoter while the fusion.
  • The least accredited capital must be Rs 1 Lakh.
  • An OPC is discreet from operating a minor as its member.
  • If an OPC traverses a turnover of over Rs 2 crores or has settled up capital more than Rs 50 lakhs. It must be changed into a private or public inside 6 months.
  • At least 1 Shareholder/ Directors/Nominee.

Minimum Requirements for OPC Registration

One Shareholder

One Director

One Nominee

One Person

What is Included In Our OPC Registration Package?

  • DIN for 1 Director
  • Digital Signature For 1 Director
  • Name approval
  • MOA/AOA
  • ROC registration Fees
  • Company Pan Card

Privileges on choosing OPC

Limited Liability

The directors’ own property is always secure in no matter the debts of the business. In OPC only interest in the organization is lost, personal assets of the chiefs are saved.

Continuous Existence

An OPC has a different legal character, it would give on to the nominee director, in this way, it has proceeded with presence

Greater Credibility

An OPC needs to have its books audited annually; it has maximum credibility between vendors and lending institutions

Easy to Sell OPC

OPC Company is easy to sell in view of limited documentation work.

Full Control over the Company with a Single Owner

This reality helps in quick decision making and execution. However OPC can choose as many as 15 directors for authentic functions, without giving any offer to them

Easy to raise funds and loans

OPC is 1 of the simplest forms of corporate entities to conduct. Not many ROC filing is to be enrolled with the Registrar of Companies. Not require to handle Annual General Meeting and other formal compliances

Important Forms for OPC Registration

  • Questionnaire – Company Registration
  • Digital Signature Form
  • INC9 Declaration of Promoter
  • Declaration of Promoter-Non Deposit under FEMA and SEBI
  • DIR2 – Consent of Director
  • MOA and AOA Subscriber Sheet
  • NO Objection of owner

Steps for Incorporation of OPC

Step 1. Obtain DSC and DIN :

The expected directors should access a Digital Signature Certificate (DSC) from 8 authorized DSC makers

Step 2. Reservation of name :

An application for the booking of a relevant name should be made in Form No. INC-1

Step 3. Entrenchment Provisions :

In the event that the articles of association consist of provisions for entrenchment, the organization must advise the Registrar of such provisions in Form No.INC-2 during the incorporation of the company or in case of existing companies (by amendment of the articles of association), the equivalent must be filed in Form No.MGT-14 inside 30 days from the date of entrenchment of the articles

Step 4. Articles of Association :

Model articles of association have been given in Tables F, G, H, I and J of Schedule I, as are appropriate, and can be received by a company either in totality or something else.

Step 5. Application for incorporation of OPC :

An application must be filed, with the Registrar of Companies (ROC) inside whose administration the registered office of the organization is proposed to be arranged, in Form No.INC-2

Step 6. Signing of Memorandum and Articles of Association :

The MOA and AOA of the company must be signed by the sole member who is likewise the subscriber to the memorandum, who must give information of his name, description, address, and occupation, if any, in the existence of at least one witness who must also attest the signature and must also sign and give his information

Step 7. Affidavit of Subscriber and the director :

The affidavit must be surrender by sole member who has signup to the memorandum and named in the articles in Form No.INC-9

Step 8. Particulars of Subscriber :

The sole member must file the article of subscription with the Registrar during the incorporation

Step 9. Nomination by the sole member :

  1. The subscriber to the memorandum of a One Person Company should nominate a person, after obtaining prior written consent of such individual, who shall, in case of the subscriber’s death or his inability to contract, become the member of that One Person Company.

2. The name of the person nominated shall be quoted in the memorandum of One Person Company and such nomination in Form No INC-2 with the approval of such nominee obtained in Form No INC-3.

Step 10. Declaration by professionals

The revelation by an Advocate, a Chartered Accountant, a Cost accountant or Company Secretary in practice will be in Form No. INC-8..

or

Online Filing of OPC :

The Ministry of Corporate Affairs (MCA) has given a coordinated incorporation form INC-32. So now, an OPC can be consolidated online by filling the Simplified Proforma for Incorporating Company Electronically (SPICe) form in Form INC-32 (using Digital Signature Certificate of the Director) also with (eMOA) in Form INC-33 and (eAOA) in Form INC-34.

Basic Requirement to Register OPC

  • Sign on yearly returns.
  • Just One Person Required: As the name recommends just one person can act as investors or nominee of the company. Least 1 Director must be an Indian resident
  • Resident Director: One director should to be an inhabitant of India, he/she will consider as the occupant of India just if they have remained at least 182 days in the past financial year in spite of having citizenship. Just Indian residents can be Shareholder & Nominee
  • Capital Requirement: There is n less capital requirement invest the way you need for your business. Minimum Authorized Share Capital to be Rs. 1 Lakh
  • Unique Name of Company: The expressed name of the organization never coordinates any current organization or LLP. Must confirm the trademark registry to guarantee that the name doesn’t look like with any enrolled trademark in India.
  • DSC and DIN: Director Identification Number for all Directors and Digital Signature Certificate for advertiser and witness.

Taxation Rules for OPC Company

  • Filing Income Tax Returns is mandatory.
  • TDS to be filled all quarter stating the TAN. Deducting tax at source is obligatory if the company has employees.
  • Appropriating an ESI registration is mandatory by law if the OPC employs more than 10 persons.
  • Registering of VAT and service tax returns is necessary for OPC with valid certification.

Under the tax rate slab, OPC’s income is taxed at 30% of its total income in the fiscal year. This is marginally higher than the tax slab rate for people which are 10% to 30% of the income relying upon the income of such person

Exemptions for an OPC

  • Sign on annual returns.
  • Hold Annual General Meetings and Board Meetings.
  • Sign on Financial Statements.
  • Power of Tribunal to call meetings of members.
  • Option to dispense with the requirement of holding an AGM.
  • Calling of extraordinary general meeting.
  • Notice of meeting.
  • Statement to be annexed to notice.
  • Quorum for meetings.
  • Chairman of meetings.
  • Proxies
  • Restriction on voting rights.
  • Voting by show of hands.
  • Voting through electronic means.
  • Demand for poll.
  • Postal ballot.
  • Circulation of members’ resolution.

Mandatory Annual Compliances of OPC Every Year

  • Minimum 2 board meetings as prescribed under the Act.
  • Statutory audit by a chartered accountant.
  • Appointment of Auditor
  • Filing of ITR
  • Annual filings to the registrar of companies
  • Maintaining Minutes and statutory registers
  • Form AOC-4 for financial statement
  • MGT-7 for an annual return

Timeline for OPC Registration Process

One Person Company takes at least 10-15 days of the Incorporation. Its a generic timeline for the OPC Registration in India.

5 BUSINESS DAYS

Initially, the OPC director must apply for the DSC i.e. Digital Signature Certificate, which is important to enroll for the company registration records. It needs just a few scanned copies of documents for the submission. After that our specialists will record the form by filling it and put it online for certification/affirmation

7 BUSINESS DAYS

The application for the DSC is completed, our specialists will ask you to select a name for your organization. Also, ask to send the convenient scanned documents for the same. Then, the sent documents will be enforced to file for the SPICE i.e. INC-32 and the MoA. Finally, after the achievement of this procedure, the Certificate of Incorporation will be processed and approved

2 BUSINESS DAYS

All companies need a registered PAN and TAN Number. The application will be registered online by our specialists. But, you will be directed to courier the hard copies of the necessary documents yourself. We will confirm about the processing, the TAN and PAN. It will be dispatched to you to your registered office address inside 21 days of working days

Concerns Related to OPC Registration

  • Least Approved share capital required for One Person Company (OPC) having share capital is Rs.1,00,000/-.
  • Least and most extreme number of individuals for One Person Company is one in particular.
  • The subscriber to the Memorandum must make the payment for the entire amount of shares bought in by him to the organization upon incorporation.
  • It is a different legal entity yet just a one person is responsible for the functions of the company. A complete contrast from what Sole Proprietorship offers.
  • There can be just a one individual at a time. In any case, one nominee is compulsory to be appointed. This member and nominee can’t be a minor.
  • An OPC can be constrained by assurance or restricted by shares or unlimited organization.
  • An OPC limited by shares must consent with following necessities :
    • Must have at least [paid up share capital of INR 1 Lac].
    • Shares will not be permitted to be transferred to any other individual.
    • An OPC is restricted from giving any appeals to public to subscribe for the securities of the company.
  • No OPC can deliberately convert into any other kind of company within two years from the date of incorporation of One Person Company, except when the threshold limit of paid up share capital, getting fifty lakh rupees, is passed or its average annual turnover at the time of the relevant period exceeds two crore rupees.
  • An OPC can’t apply into a company enrolled under OPC.
  • An OPC is needed to give a legal identification by specifying a specific name under which the activities of the company can be achieve. The words ‘One Person Company’ should be specified below the name of the organization, anywhere the name is appended, used or engraved.
  • An OPC is based on the same taxes as a Private Limited Company.
  • When an OPC limited by shares or by assurance enters into a contract with the sole member of the company, who is likewise the director of the company, the terms of agreement or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting adhered next after entering into the contact.
  • An OPC should confirm the Registrar about every agreement listed into by the company with the sole member of the organization in a period of fifteen days from the date of confirmation.

Factors to Consider in OPC Name Selection

The name of your One Person Company (OPC) is very significant. Your OPC’s name is the first impression to your consumers, suppliers, and colleague. It should, therefore, be attractive, suggestive, and relevant. There are some factors that you should know while selecting a name for your company.

Short & Simple

The name should be concise and not be excessively long. Individuals should be able to recall and speak your company’s name simply the first time they attend or read it

Meaningful

The name of your One Person Company (OPC) should be applicable to your business. It should fit the organization’s branding action. For example, Infosys assigns to information systems or IT technologies

Unique

Name of your One Person Company should not be actually the equivalent or indistinguishable to an existing LLP or company or for which a trademark has been applied for. You can go to search.legalraahi.com to check if your organization’s name matches any others or not. Preferably, you should avoid plural version e.g. “Snapdeals” or only changing the letter Case or accentuation marks or spacing in a current LLP, Company and Trademark name

Suffix

OPC’s are not needed to end their name with suffix “Private Limited” or “Limited”

Should not be illegal / offensive

The name of your LLP ought not be against law. It should not be oppressive or against the traditions and beliefs of any religion and ought not to utilize words or phrases which are used as a slur and are hostile to a specific group of individuals. Further, names can’t contain foul words or phrases

Should not violate any laws

Your OPC’s name should not be given under and disobey the Emblems and Names (Prevention of Improper use) Act, 1950. Snap here to check the names. (See the Schedule)

Should not utilize the words “British India”

How is the OPC Company different from other companies?

S.No

Particulars

OPC Company

Private Company

LLP

1EligibilityOnly an individual who is an Indian citizen and resident in India is eligible to incorporate an OPCAny individual be it NRI or Indian citizen can form a Private limited company.Any person and group of corporate can be a partner in LLP
2Minimum RequirementMember – 1,
Director – 1,
Nominee of Sole Member – 1
Members – 2,
Directors – 2
Designated Partners – 2
3ProcedureGet DSC, DIN, MoA & AoA along with INC-32 Incorporation Filing, PAN, TAN ApplicationsAcquire DSC, MoA & AoA along with INC-32 Incorporation Filing, PAN, TAN ApplicationsCollect DSC, DPIN, Name Approval, Filing for Incorporation, File LLP Agreement, PAN and TAN Applications
4ExistenceExistence of an OPC is never dependent on the Nominee or Director. Can be dissolved by Regulatory Authorities.A private limited company is not dependent on the directors or shareholder. Can be dissolved only intentionally or by Governing AuthoritiesLLP can sustain its survival irrespective of changes in partners.
5CredibilityMediumHighMedium
6Time Taken in Registration15 – 20 Days10 – 15 Days15 – 20 Days
7Conversion SystemCannot be converted before 2 yearsCan be converted into LLPNot directly converted into a Private Limited Company
8Compliance RequirementsAnnual Return Filing
No Board Meetings, if only one director
No General Meetings
Annual Return Filing
Board Meetings & General Meetings
Annual Return Filing
9Statutory AuditCompulsoryCompulsoryOnly in case contribution is more than 25 lakhs and less than 40 Lakhs
10Fund Raising OptionsLowHighLow
11Recommended ForSole promotersStart-ups and growingProfessional services firms
12Foreign InvestmentNot AllowedAllowedAllowed

 

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Frequently Asked Questions

What do you understand by OPC and its Registration?
How many people are required to start One Person Company?
How much capital is required to begin with OPC Company?
Who can become a member of One Person Company?
For incorporation of One Person Company do I have to be present in person?
What is the reason that OPC company is preferred by individuals?
Are we allowed to form more than one One Person Company?
Are there any other payments to be made for incorporation certificate in addition to the fee paid at the time of registration?
Which are the necessary compliance that an OPC requires to recognise?
Is Foreign Direct Investment ( FDI ) allow for One Person Company (OPC)?
Is there any tax advantage applicable to an OPC?
How much time is taken for OPC Registration in India?
What actions are taken in case of death of a member of the OPC company?
Least Requirements for OPC Registration?
Should I incorporate a Private Limited Co. Instead?
Is it necessary to modify Memorandum and Articles for giving impact to Conversion?
How much money do I need to invest upfront to start the business?
What is a limitation on the Incorporation of an OPC?
Is there any penalty for defaulting the provisions in OPC Company?
Are there any legal provisions for Appointment of Auditor in OPC?
What are the compliance requirements under OPC?
Whether prior intimation to Registrar is needed for ceasing the status of OPC company?
What are the compliance exemptions for an OPC?