One Person Company Registration

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All Inclusive Pricing - No Hidden Fee

Basic

6499

all inclusive fees

  • One person company registration with 1 DSC
  • 1 DIN
  • MOA
  • AOA
  • all related government fee &stamp duty*
  • PAN
  • TAN
  • ESI & PF registration
  • Bank account referral
  • Commencement of Business
  • Inclusive of all government fees and taxes.

Premium

20999

all inclusive fees

  • One person company registration with 1 DSC
  • 1 DIN
  • MOA
  • AOA
  • all related government fee & stamp duty*
  • PAN
  • TAN
  • ESI & PF registration
  • Bank account opening
  • GST registration
  • Commencement of Business
  • Auditor Appointment Support
  • Bookkeeping support for 1 Year
  • Financial statements & Board reports
  • ITR-6 filing for a Company
  • MGT-7 & AOC-4 filing
  • MCA DIN eKYC filing for Directors
  • 1 Year GST return filings
  • Inclusive of all government fees and taxes.
01

What is OPC Registration ?

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

A forward-thinking idea was launched which promotes the incorporation of micro-businesses and persons with entrepreneurial ideas and to give a boost to entrepreneurs who have high potential to begin their venture by permitting them to build a single person company.

You can easily register one person company under the outlines of the companies Act 2013 and the laws thereto, where it was made viable for a single person company to work as a company without the complexity of having partners. This encourages more people to come forward to commence a business. The OPC is fit for small businesses where the turnover is not likely to cross Rs. 2 Crores. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.

One Person Companies are benefiting largely in developing the overall economy of India. More and more Entrepreneurs are coming up and commencing their business. By incorporation of OPC, the company can enjoy the benefits in banking point and are eligible for Banking loans, credits. So, if you want to start up your own business, you don’t have to worry about all the network and slow processes.
02

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
03

Procedure For OPC Registration

Complete our OPC
Form

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

Obtain DSC and DIN for Director of OPC

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

Verification and Name Approval of OPC

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

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.
04

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 resident in India. Resident in India refers to a person who had lived in India for a time not less than 182 days in the preceding one year
  • Legal entities like company or LLP cannot join an OPC.
  • A nominee must be selected by the promoter while the incorporation.
  • The least authorised capital must be Rs 1 Lakh.
  • An OPC is restrained from operating a minor as its member.
  • If an OPC crosses a turnover of over Rs 2 crores or has a paid-up capital more than Rs 50 lakhs. It must be converted into a private or public within 6 months.
  • Least 1 Shareholder/Nominee/Directors
05

Minimum Requirements for OPC Registration

06

Privileges on choosing OPC

Limited Liability
The directors’ personal property is forever safe in no matter the debts of the business. In OPC only investment in the company is lost, personal assets of the directors are saved.
Continuous Existence
An OPC has a separate legal identity, it would pass on to the nominee director, therefore, it has continued existence.
Step 3: Name Approval and Reservation with Greater Credibility
An OPC requires to have its books audited yearly, it has higher credibility between vendors and lending institutions.
Easy to Sell OPC
OPC Company is simple to sell because of limited documentation work.
Full Control over the Company with a Single Owner
This fact helps in fast decision making and execution. Yet OPC can select as many as 15 directors for official functions, without providing any share to them.
Easy to raise funds and loans
OPC is 1 of the easiest forms of corporate entities to operate. Very few ROC filing is to be registered with the Registrar of Companies. No need to handle Annual General Meeting and other regular compliances.
07

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)
08

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
10

Steps for Incorporation of OPC

Step 1. Obtain DSC and DIN :
The proposed directors must obtain a Digital Signature Certificate(DSC) from 8 authorised DSC makers.
Step 2. Reservation of name :
An application for the reservation of a suitable name must be made in Form No. INC-1.
Step 3. Entrenchment Provisions :
In case the articles of association contain provisions for entrenchment, the company must inform the Registrar of such provisions in Form No.INC-2 at the time of incorporation of the company or in case of existing companies (by amendment of the articles of association), the same must be filed in Form No.MGT-14 within 30 days from the date of entrenchment of the articles.
Step 4. Articles of Association :
Model articles of association have been provided in Tables F, G, H, I and J of Schedule I, as are applicable, and can be adopted by a company either in totality or otherwise.
Step 5. Application for incorporation of OPC :
An application must be filed, with the Registrar of Companies(ROC) within whose jurisdiction the registered office of the company is proposed to be situated, in Form No.INC-2.
Step 6. The signing of Memorandum and Articles of Association :
The MOA and AOA of the company must be signed by the sole member who is also the subscriber to the memorandum, who must give details of his name, address, description, and occupation, if any, in the presence of at least one witness who must also attest the signature and must also sign and give his details.
Step 7. Affidavit of Subscriber and the director :
The affidavit must be submitted by sole member who has subscribed to the memorandum and named in the articles in Form No.INC-9.
Step 8. Particulars of Subscriber :
The sole member must file the particulars of subscription with the Registrar at the time of incorporation.
Step 9. Nomination by the sole member :
1. The subscriber to the memorandum of a One Person Company must nominate a person, after obtaining the prior written consent of such person, who shall, in the event of the subscriber’s death or his incapacity to contract, become the member of that One Person Company.
2. The name of the person nominated shall be mentioned in the memorandum of One Person Company and such nomination in Form No INC-2 along with the consent of such nominee obtained in Form No INC-3.
Step 10. Declaration by professionals
1. The subscriber to the memorandum of a One Person Company must nominate a person, after obtaining the prior written consent of such person, who shall, in the event of the subscriber’s death or his incapacity to contract, become the member of that One Person Company.The declaration by an Advocate, a Chartered Accountant, a Cost accountant or Company Secretary in practice shall be in Form No. INC-8.
11

Basic Requirement to Register OPC

  • Sign on annual returns.
  • Only One Person Required: As the name suggests only one person can act as shareholders or nominee of the company. Minimum 1 Director must be an Indian resident
  • Resident Director: One director needs to be a resident of India, he/she will consider as the resident of India only if they have stayed at least 182 days in the previous financial year despite having citizenship. Only Indian residents can be Shareholder & Nominee
  • Capital Requirement: There is n minimum capital requirement invest the way you want for your business.Minimum Authorised Share Capital to be Rs. 1 Lakh
  • Unique Name of Company: The stated name of the company never matches any existing company or LLP. Must verify the trademark registry to assure that the name does not resemble with any registered trademark in India.
  • DSC and DIN: Director Identification Number for all Directors and Digital Signature Certificate for promoter and witness
12

Taxation Rules for OPC Company

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

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

13

Exemptions for an OPC

  • Sign on annual returns.
  • Hold Annual General Meetings and Board Meetings.
  • Sign on Financial Statements.
  • Option to dispense with the requirement of holding an AGM.
  • Power of Tribunal to call meetings of members.
  • 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.
14

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
15

Timeline for OPC Registration Process

5 BUSINESS DAYS
Firstly, the OPC director must apply for the DSC i.e. Digital Signature Certificate, which is necessary to register for the company registration records. It needs only a few scanned copies of documents for the submission. After that our experts will record the form by filling it and put it online for certification.
7 BUSINESS DAYS
The application for the DSC is done, our experts will ask you to pick a name for your company. Also, ask to send the appropriate scanned documents for the same. The sent documents will be applied to file for the SPICe i.e. INC-32 and the MoA. Lastly, after the completion of this process, the Certificate of Incorporation will be prepared and approved.
2 BUSINESS DAYS
All companies require an enrolled PAN and TAN Number. The application will be registered online by our experts. But, you will be directed to courier the hard copies of the important documents yourself. We will inform about the processing, the TAN and PAN. It will be dispatched to you to your registered office address within 21 days of working days.
16

Concerns Related to OPC Registration

  • Minimum authorised share capital required for One Person Company having share capital is Rs.1,00,000/-.
  • Minimum and maximum number of members for One Person Company is one only.
  • The subscriber to the Memorandum must make the payment for the total amount of shares subscribed by him to the company upon incorporation
  • It is a separate legal entity yet only one person is responsible for the workings of the company. A total contrast from what Sole Proprietorship offers.
  • There can be only one member at a time. However, one nominee is mandatory to be appointed. This member and nominee cannot be a minor.
  • An OPC can be limited by guarantee or limited by shares or unlimited company.
  • No OPC can voluntarily 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, being fifty lakh rupees, is crossed or its average annual turnover during the relevant period exceeds two crore rupees.
  • An OPC cannot convert into a company registered under OPC.
  • An OPC is required to give a legal identity by specifying a particular name under which the activities of the company can be carried on. The words ‘One Person Company’ must be mentioned below the name of the company, wherever the name is affixed, used or engraved.
  • An OPC is subject to the same taxes as a Private Limited Company.
  • When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
  • An OPC must Inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.
17

Factors to Consider in OPC Name Selection

Short & Simple
The name should be concise and not be too long. People should be able to recall and pronounce your company’s name easily the first time they hear or read it.
Meaningful
The name of your OPC should be relevant to your business. It should fit the company’s branding strategy. For example, Infosys refers to information systems or IT technologies.
Unique
Name of your OPC should not be the same or identical to an existing LLP or company or trademark or for which a trademark has been applied for. You can go to Ministry of Corporate Affairs website to check if your company name matches any other. Ideally, you should avoid plural version e.g, “Wipros” or merely changing the letter Case or punctuation marks or spacing in an existing LLP, Company and Trademark name.
Suffix
OPC’s are not required to end their name with “Private Limited” or “Limited”.
Should not be illegal / offensive
The name of your LLP should not be against law. It should not be abusive or against the customs and beliefs of any religion and should not use words or phrases which are used as a slur and are offensive to a particular group of people. Further, names cannot include foul words or phrases.
Should not violate any laws
Your OPC’s name should not be given under and violate the Emblems and Names (Prevention of Improper use) Act, 1950. Click here to check the names. (See the Schedule).
18

Frequently Asked Questions

One Person Company (OPC) a new company formation, upholds the advantages of sole proprietorship and the corporate state having one member, as the Director and a nominee. The concept of OPC Registration was started by the Companies Act, 2013 to give a boost to the entrepreneurs who have the capability of commencing their own venture. They are applicable to create a single person company. The OPC Registration is mandatory for all entrepreneurs.
At least one nominee is required to start an OPC who can act as a shareholder as well as a director.
The least capital demand is Rs. 1 Lakh but this amount vary from your investment. Authorised capital and investment are not the same in OPC Company. You can invest as much as you want to but when you need to incorporate a company professionally, it has to be begun with Rs.1 Lakh as capital.
Any individual/organization can become a member of One person company including foreigners/NRI’s.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail
  • Compliances are low
  • Simple to incorporate
  • Fee and expenses are less
  • Body corporate
  • Limited liability
No, you are not permitted to form more than 1 OPC and nominee in your company cannot be selected as the nominee in any other OPC company
There is absolutely no other payment. We will send you an all-inclusive invoice, with no hidden charges.
The basic necessary compliance are:-
  • Keeping a proper book of accounts
  • Statutory audit of Financial Statements
  • Filing of company income tax return all year before 30th September
  • Recording Annual ROC return which covers form MGT
No, FDI is not permitted for OPC Company formation, if it does then it will lose its real nature of OPC.
No there are no special tax advantages available for OPC. Tax is paid at the flat rate of 30% on profits.
Normally, at Tax Shooter the registration process takes 7 working days.
If the member dies, the nominee takes over the activities of the company and within 15 days, the company has to intimate the Registrar of Companies by registering Form INC-4 with the designated fee.
  • At least 1 shareholder
  • At least 1 director. The director and shareholder can be the same person.
  • Minimum one nominee
  • Shareholder/nominee need to be a resident of India
  • Minimum Rs.1 lakh to be authorized share capitals.
  • DSC and DIN for director
A lot of people considering an OPC registration go with the private limited company structure because it is mandatory to convert an OPC to a private or public limited company if turnover is over Rs. 2 crores or paid-up capital is over 50 Lakhs.
Yes, It is necessary to modify its memorandum and articles by giving a resolution and to give impact to the conversion and to make significant changes incidental thereto
You need to have a bank account with a minimum balance. This could be as little as Rs. 5000. You don’t need to invest any more capital to start the business.
OPC cannot be incorporated or transformed into Section 8 Company i.e. the company with charitable purposes etc. Also, cannot carry out any non-banking financial activities, including investment in securities of all body corporate.
If OPC or any officer of such company violates the provisions of Companies Rules 2014, they shall be punishable with a penalty which may reach to Rs.10,000. And if you ignore this penalty gets to extend to Rs.1,000 for every day along with Rs.10,000 and continues.
Every company at the first Annual general meeting select an individual or a firm as an auditor who needs to hold the office from the conclusion of that meeting to the conclusion of its 6th annual general meeting.
Yes, the OPC within 60 days from the date of applicability of sub-rule (1), provide a notice to the Registrar and notifying that it has ceased to be an OPC. Also, it is now required to change itself into a private company or a public company by way of its paid-up share capital or average yearly turnover.
The annual return shall be approved and signed by the Company Secretary (CS) or if there is no company secretary get it done by the Director of the Company.
Tax Shooter provides OPC incorporation services across India in all cities. We have done OPC registration in all major Indian cities.
TaxShooter.com is one of the best online service portals to help register OPC’s in India. We have 10 years of experience in the application of OPC registration. Tax Shooter has 3+ regional offices in India and expands its network in India with 500+ customers for OPC Company.

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