Starts One Person Company Registration from ₹ 10999/
One Person Company Registration
The best advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
Advantages to registered One Person Company (OPC)
The best advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
1 Identity proof of Directors (PAN Card)
2 Address proof of Directors ( Aadhar Card/ Passport/Driving Licence, Voter ID)
3 Proof of Registered office ( Electricity Bill with rent agreement and NOC from the owner)
4 Three Month Bank Statements of Directors.
5 Passport size photograph of Directors
Step 1 : Receiving Documents & Apply, DIN & DSC 1-2 Days
Step 2 : Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34) 3-5 Days
Step 3 :Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34)
6 to 9 Days
Step 4 : Certificate Of Incorporation, PAN & TAN 10 to 12 Days
FAQ
An individual who is an Indian citizen and Indian resident can choose to setup a One Person Company. There is no minimum educational requirement for such individual to become the director in company. Even he can be a shareholder of such type of company.
Only a natural person who is an Indian citizen and a resident in India can choose to become a nominee. Nominee must also be over 18 years of age. He cannot become a nominee for more than one OPC.
All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.
The MCA is skeptical about a single person in charge of a large corporation. Therefore, it requires all OPCs to be converted into private limited or public limited companies on crossing a certain revenue number. Currently, in case of an average turnover of Rs. 2 crore or more for the three consecutive years or a paid-up capital of over Rs. 50 lakh, the OPC must mandatorily be converted into an OPC.
The cost of an OPC is only marginally lower than that of a private limited company. You’ll be shelling out around Rs. 12,000 to incorporate, then paying around Rs. 15,000 a year in compliance fees and an auditor to inspect your books.
