Register a One PersonCompany easily with setindiabiz, India’s No-1 startup registration, and compliance management company. The package of Rs. 1,999/- Includes Name Approval of the Company, Drafting of MOA, AOA, Followup with the registrar of companies until Issuance of the Certificate of OPC Company Registration & Bank A/c Opening Support.Get Started
A One Person Company is the newest form of business in India introduced by the Companies Act, 2013 for the first time wherein only one person can open a company. However, a nominee needs to be nominated. The major advantage of OPC over the proprietorship business is the concept of Limited Liability to its shareholder. The OPC is suitable for small businesses where the turnover is not likely to cross Rs. 2 Crores and the maximum amount of capital to be invested is limited to Rs. 50 Lac. An OPC can have more than one director. However one of them must be an Indian Resident. The main limitation of OPC form of company is that only an Indian Citizen can open an OPC Company and FDI is not allowed in one person company. Team SETINDIABIZ is the experienced team to take care of your OPC Registration.
One person is needed to become the shareholder /director of the company. However, the number of Director can be up to 15.
Invest as per requirement of your business, and there is No Minimum capital required as such, The government fee is based on the capital
One director of the company must be resident in India. A person is said, resident, when he stays in India for at least 182 days in the FY .
Name of the company should be unique, and it must not be the same or similar to the name of any existing company or a trademark.
As the application for Company Incorporation is filed online through Spice-32 Form, the process starts with the issue of Digital Signatures of class two for the promoter.
The Company must be incorporated with a unique and new name which should not be the same or similar to an already registered company, LLP or a registered/applied trademark.
One single application (spice 32) is filed for allotment of DIN, and incorporation of the company. with the approval of this form, the Certificate of Incorporation is Issued.
The Income-tax Department allots a Permanent Account Number and TAN, which is mentioned on the certificate of incorporation. Next is Bank A/c opening for the company.
Our Professional Service Fee For One Person Company (OPC) Registration in India
No Hidden Charges | Effective Price of OPC Registration Inclusive of Our Fee, Govt Fee, and GST (18%) at Our Fee
In case of One Promoter and Capital up to Rs. 1,00,000 is as under.
Multiple Lines - 9 AM to 9 PM (365 Days in a Year)
We have prepared a detailed and easy to understand comparative table showing availability of features and advantages of one form of business to that of others. The same can be found at the end of this page. Click here to go there.
For incorporation of a One Person company under the companies act, 2013, anyone from below list of the document is acceptable as Identity Proof of the director or shareholder or the proposed One Person Company.
For OPC Incorporation, any one document from below list of address proof of the director or shareholder is acceptable. The document in support of address proof should not be older than two months.
Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one-person company, any other person is nominated as the nominee with their consent.
For OPC Formation in India, following are the forms on which promoters need to sign, All the forms/formats to be printed on plain A-4 size paper and signature should be preferable with a blue ink pen.
A One Person Company is incorporated with a physical address to be declared as the registered office of the newly registered OPC. Following are the list of the document which is acceptable as proof of premises where the registered office of the company is situated. The premises proof should not be older than two months.
Before a One Person Company occupies any premises as its registered address, a no objection certificate must be obtained from the owner of the premises. Similarly, at the time of filing for company registration, we need a NOC from the current owner of the premises along with proof of ownership as explained above.
A registered office is required to be declared at the time of company incorporation and to be maintained by the company under section 12 of The Companies Act, 2013, which must be capable of receiving and acknowledging all communications and notices as may be addressed to it. Further, the statutory records of the company also need to be maintained at the registered address of the company. Hence having registered address at coworking space is not acceptable unless this is a lockable area.
The OPC Can have an average turnover of Rs. 2 Crores for three years if the turnover exceeds the limit then the same need to mandatorily convert as a normal company.
The OPC Can have an average turnover of Rs. 2 Crores during three years if the turnover exceeds the limit then the same need to mandatorily convert as a normal company.
Limited Liability implies that the owner or shareholder of the One Person company is not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. To qualify, the shareholder needs to comply with all laws and pay taxes on time.
Apart from the concent of Limited Liability as explained above a company have the following significant features
Check advantages and disadvantages of Common Business Entity Types
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