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One Person Company
- Registration through fastest route-SPICe
- DSC & DIN (1 no.)
- Name approval (RUN - Reserve Uniqe Name)
- Issue of Incorporation Certificate
- Includes Govt Fees & Stamp duty for Authorized Capital upto Rs. 10 Lakh
- Complementary Udayam Registration
One Person Company
Running your own business, But need company status? Register as OPC!
₹ 9999.00/Yr
Buy NowWhat is in this package?
One Person Company (OPC) concept allows single founders to enjoy the status of a company. Forming a OPC helps to have full control over affairs of the business while keeping the liability limited.
This plan is designed to get your business registered as an OPC. All the compliances incidental to OPC registration with formal authority are covered in the plan.
Who should take this package?
- Entrepreneurs who wish to form a company with limited liability
- Proprietorship firm looking to get status of a company
SERVICES COVERED IN THIS PLAN
- Registration via fastest process (SPICe)
- Filing of E-forms with the Registrar of Companies (ROC)
- Director Identification Numbers (1 no.)
- Digital Signature Certificates (1 no.)
- Name approval
- Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)
- Issue of Certificate of Incorporation
- PAN Application
- TAN Registration
- Includes Govt Fees & Stamp duty for Authorized Capital upto Rs. 10 Lakh
- Excludes foreign national or Foreign Body Corporate as a director OR business that need approval from RBI, SEBI or IRDA for incorporation
MINIMUM REQUIREMENTS
- Minimum 1 Shareholder
- Minimum 1 Directors
- The directors and shareholders can be same person
- Minimum 1 Nominee
- Only Indian residents can be Shareholder & Nominee
- Minimum 1 Director must be Indian Resident
- Minimum Authorised Share Capital to be Rs. 1 Lac
- DIN (Director Identification Number) for all Directors
- DSC (Digital Signature Certificate) for 1 Promoters & 1 witness
- Pan card of Director
- Aadhar Card or Voter ID
- Passport Size Photo of the Director
- Electricity / Water bill (Business Place)
- Rent agreement of your registered office
- Copy of Property papers (if Owned Property)
- NOC from the Landlord
- Purchase of Plan
- DSC & DIN Application
- Company Name Reservation with RUN
- Filing of application with Registrar
- Receipt of Incorporation Certificate
What is a One Person Company(OPC) and how is it different from an ordinary private limited company?
One Person Company is a new type of business entity. A private limited company can be formed with a minimum of two directors and shareholders. The directors and shareholders can be same individuals. One person company does away with the requirement of minimum two shareholders. It allows a single entrepreneur to get his business registered as a company and get limited liability protection.
What is the minimum capital requirement to start an OPC?
An OPC can be started with a minimum authorised capital of Rs. 1 lakh. There is no mandatory requirement for a minimum paid up capital. Hence, you can start as an OPC with a capital contribution as low as Rs. 2. However when the paid up capital exceeds Rs. 50 lakh, OPC must mandatorily convert to a private limited company( pvt. ltd.). Also, when the average turnover for 3 consecutive years becomes Rs. 2 crore or more, there is a need to convert into a pvt. ltd.
Is there any tax advantage on forming an OPC?
There is no specific tax advantage to an OPC over any other form. The tax rate is flat 30%, other tax provisions like MAT & Dividend Distribution Tax applies as they apply to any other form of company.
How many directors can there by in an OPC?
An OPC should have a minimum of one (1) director and a maximum of fifteen (15) directors. In case the Board consists of only one director, then the OPC is exempted from the requirement of conducting a Board Meeting as well.
Can I Start more than one OPC at a Time?
No an Individual can form only one OPC at a time. This rule applies to the nominee in an OPC, too.