OPC Company Registration @Rs.6,299*
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Our Pricing
Basic - ₹ 13999/-
- Register your Person Company at the Ministry of Corporate Affairs
- Drafting & Filing by CA/CS, Expert advice by CA/CS
- MCA processing and CIN
- Spice+ Part A, Spice + Part B
- Company PAN & TAN
- MOA
- AOA
- Allotment of 1 DIN
- ESI and PF registration
- GST registration
- Excluding DSC and Govt. Fees
Standard - ₹ 16999/-
- Register your Private Limited Company at the Ministry of Corporate Affairs
- Drafting & Filing by CA/CS
- Expert advice by CA/CS
- MCA processing and CIN
- Spice + Part A, Spice + Part B Company PAN & TAN
- MOA
- AOA
- Allotment of 1 DIN
- ESI and PF registration
- GST registration
- Digital Signature
- The 1st Board Resolution documentation
- Consent Letter drafting, the appointment of the Auditor
- INC-20A commencement of business
- financial statements preparation
- MCA annual return filing and DIR-3 Director KYC
- Excluding DSC and Govt. Fees
Overview
One Person Company (OPC) is a new form of business organization for a single person entrepreneur running a corporate business with limited liability under the Companies Act of 2013. This type of structure is a hybrid of sole proprietorship and private limited company, therefore a single promoter is given absolute right to control, but within certain limits to the liability to the amount of investment in the company.
Benefits
Benefits of creating One Person Company:
- Limited Liability: A company’s sole member is not personally liable beyond the scope or value of unpaid subscription money towards the shares, therefore protecting his personal assets.
- Separate Legal Entity: This type of OP offers the ability to operate as a separate entity from the individual allows owning property, incurring debts, and entering into contracts independently.
- Less Complications with Laws: These types of companies have fewer rules to abide by, which includes not having to hold annual general meetings or provide extensive financial statements.
- Perpetual Succession: The existence of the company continues no matter the ownership changes, therefore continuity of business is ensured.
Eligibility Criteria
Eligibility Criteria for OPC Registration:
- Member: Only an individual who is a citizen of India and a resident can set up an OPC.
- Nominee: A nominee has to be appointed during incorporation. This individual is expected to takeover in case the member dies or becomes unable to perform their function.
- Limitations: A single person can only incorporate one OPC at a time and cannot serve as a nominee in more than one OPC.
Registering OPC
Steps In Registering A One Person Company (OPC) In India:
- Procure DSC (Digital Signature Certificate): The proposed director has to procure a DSC to sign electronic documents.
- Obtain Director Identification Number (DIN): To obtain a DIN, file form DIR-3 with Ministry of Corporate Affairs(MCA).
- Reservation of name: A company name for the proposed company should be distinctive and application for name reservation should be done through RUN (Reserve Unique Name) service on MCA portal.
- Company Incorporation documents: The Memorandum of Association (MoA) with Articles of Association (AoA) is to be drafted along with other required documents like consent of nominee.
- Forms for incorporation: The advanced SPICe+ form (Simplified Proforma for Incorporating Company Electronically) needs to be filled and with it signature and needed documentation forwarded to MCA.
- Certificate of incorporation: The ROC issues the Certificate of Incorporation after verifying the submitted documentation completes the formation of the OPC.
Post-Incorporation Compliance:
- Start of Business: A declaration of business should be made 180 days after the incorporation.
- Accounts: Proper books of accounts should be maintained and a statement of accounts should be made and submitted yearly to the ROC.
- Income Tax Returns: Submit yearly income tax returns to the Income Tax Department.
Conclusion:
Setting up a One Person Company is a smart move for single operators wanting to enjoy the convenience of corporate structure without the hassle of multi-shareholder management. It has enabled the solo entrepreneur to benefit from limited liability and distinct operational and legal identity of the company, which enhances credibility and fuels business growth in the market.
