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    One Person Company (OPC)

    The concept of One Person Company (OPC) was introduced very first time by the Companies Act, 2013. It is one of the easiest forms of corporate entities to manage. One Person Company (OPC) is a Company where there is only single person as Shareholder and which can be contrasted as Private Companies.

     

    OPC Registration opens up new business opportunities for sole proprietors and small entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. OPC does away the hassles of finding the right partner for starting a business as the registered entity. It requires only one person who will act as a member, shareholder, and director.

     

    ComplianceIndia can be your legal and professional partner in India to help you understand how to register One Person Company in India quickly and cost-effectively.

    Advantages of One Person Company

    Separate Legal Identity in eyes of Law

    Separate Legal Identity in eyes of Law

    Limited Liability of Shareholder

    Limited Liability of Shareholder

    Easy Transferable Ownership

    Easy Transferable Ownership

    Tax Flexibility and Savings

    Tax Flexibility and Savings

    Perpetual Succession

    Perpetual Succession

    Minimum Compliance requirement

    Minimum Compliance requirement

    Complete Control of the Business with Single Owner

    Complete Control of the Business with Single Owner

    Ideal for IT startups and other small growing businesses

    Ideal for IT startups and other small growing businesses

    Eligibility to form a One Person Company

    – Single Person to act as both Shareholder and Director
    – Unique Name is required.
    – Must be an Indian Resident
    – Nominee Person.

    How we Work?

    Step 1

    Fill-up our Contact Form and Submit

    Step 2

    Our Expert/ Legal Professional will contact you and provide brief guidance into the related context

    Step 3

    All Required Documents and Details to be provided as discussed with our Expert

    Step 4

    Our Expert will start Drafting of required documents for registration process

    Step 5

    Drafting of MOA & AOA

    Step 6

    Application for DSC of the Director

    Step 7

    Once all required documents are prepared, Our Expert will file Form SPICe+ Form with ROC.

    Step 8

    On Successful filing of Form with ROC, Certification of Incorporation will be issued to you by ROC.

    Packages

    Consultation Charges

    Nil

    Complete assistance by Experts or Professionals indicating Process, Documents required, Benefits, Tax compliance, Legal Compliance, etc.

    Start-up Plan

    Rs. 2999/-

    • – Registration of your Private Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Director
    • – PAN and TAN Registration
    • – Expert advice from Experts/ Legal Professionals

    Basic Plans

    Rs. 4,999/-

    • – Registration of your Private Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Director
    • – PAN and TAN Registration
    • – GST Registration
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of consent letter and Appointment of First Auditor
    • – Expert advice from Experts/ Legal Professionals

    Advance Plan

    Rs. 10,999/-

    • – Registration of your Private Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Director
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – DIR-3 KYC filing for one year
    • – Expert advice from Experts/ Legal Professionals

    Ultimate Plan

    From Rs.19,999/-

    • – Registration of your Private Limited Company with MCA
    • – Trademark Application
    • – Company MOA and AOA
    • – Allotment of DIN of Director
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – MCA Annual Filing of Form
    • – DIR-3 KYC filing for one year
    • – Income Tax Return filing
    • – Financial Statements preparation
    • – GST Return filing for 12 months
    • – Expert advice from Experts/ Legal Professionals

    Documents Required for One Person Company Registration

    Photograph

    Latest passport size photograph in jpg format of Director/ Shareholder and Nominee.

    PAN card

    PAN card copy of Director/ Shareholder and Nominee.

    Identity Proof

    Aadhaar Card/ Voter ID/ Passport/ Driving License of Director/ Shareholder and Nominee.

    Directors Address Proof

    Aadhaar Card/ Voter ID/ Passport/ Driving License or Bank Statement/ Utility Bills not older than 2 Months in the name of Directors.

    DSC

    In case not having a valid DSC, then for obtaining DSC of Director/ Shareholder, alongwith above documents, DSC Application Form and Video Verification as per the latest guidelines of DSC issued by CCA is required.

    Office Address Proof

    Copy of Electricity bill or Sale Deed or rent agreement and latest self- attested electricity bill in case of rented accommodation not older than 2 months.

    NOC from owner

    No Objection Certificate to be obtained from the owner(s) of registered office.

    Unique Name

    Four-Five Unique names in Preference order indicating the business of the Proposed Company.

    Business

    Description of main business activity intended to perform

    Comparison with other forms of Business

    Form of Business One Person Company Private Limited Company Limited Liability Partnership Partnership Firm Proprietorship Firm
    Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
    Registration Requirement Mandatory Mandatory Mandatory Optional No
    Minimum Number of members Only 1 2 2 2 Only 1
    Maximum Number of Members 200 Unlimited 50
    Number of Directors/Partners 1 – 15 2 – 15 2 – Unlimited 2 – 50 Only 1
    Separate Legal Entity Yes Yes Yes No No
    Liability Protection Limited Limited Limited Unlimited Unlimited
    Statutory Audit Mandatory Mandatory Dependent Not Mandatory Not Mandatory
    Ownership Transfer ability No Restricted Yes No No
    Uninterrupted Existence Yes Yes Yes No No
    Foreign Participation Not Allowed Allowed Allowed Not Allowed Allowed
    Tax Rates Moderate Moderate High High Low
    Statutory Compliance Moderate High Moderate Less Less
    GET STARTED KNOW MORE KNOW MORE KNOW MORE KNOW MORE

    Frequently Asked Questions

    3. How to incorporate an OPC?

    (i) Incorporation through SPICe (Without filling RUN)
    Stakeholders can avail of 5 different services (Name Reservation, Allotment of Director Identification number (DIN), Incorporation of New Company, Allotment of PAN and Allotment of TAN) in one form by applying for Incorporation of a new company through SPICe form (INC-32) – Simplified Proforma for Incorporating Company electronically (SPICe) – with eMoA (INC-33), eAOA (INC-34). In case eMoA, eAoA are not applicable, users are required to attach the pdf attachments of MoA and AoA. There is no need for reserving a name separately before filing SPICe. One name for the proposed company can be applied through SPICe (INC-32).

    (ii) Incorporation through SPICe (With RUN)
    – Name reservation: RUN service shall be used for name availability.
    – Incorporate OPC: After name approval, form SPICe shall be filed for incorporation of the OPC within 20 days from the data of approval of RUN.
    – The Company shall file form INC-22 within 30 days once form SPICe is registered in case the address of correspondence and registered office address are not same.

    4. Is an office required for a One Person company?

    An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

    5. How to inform change in membership of an OPC to ROC?

    The Company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership. In the same form, user needs to provide details of the new member of the OPC.

    6. Who is a nominee in a One Person Company?

    A nominee is a person who in the event of death or disability of the subscriber of the One Person Company shall assume his position. Memorandum of Association of a One Person Company will mandatorily prescribe the name of the person.

    7. Can OPC become a member of another private Limited company?

    Yes, the Act has not made any restriction for a One Person Company to become a member of another Private Limited Company.

    8. How long is the incorporation of the Company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

    9. Is Foreign Direct Investment allowed for One Person Company?

    No, FDI is not allowed for One Person Company. You may consider incorporating a Private Limited Company if you desire to bring FDI.

    10. Is there any threshold limits for an OPC to mandatorily get converted into either Private or Public Company?

    In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.

    11. How to intimate RoC that the OPC has exceeded the threshold limits and require conversion into private or public company?

    The OPC shall inform RoC in form INC-5, if the threshold limits is exceeded and is required to be converted into private or public company.

    12. What is the time limit for filing form INC-5?

    Form INC-5 shall be filed within sixty days of exceeding threshold limits.

    13. Is there any form that is to be filed for conversion of an OPC into private or public company? Is there any other purpose for filing this form?

    Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.
    Yes, the private company will also file form INC-6 for converting itself into an OPC. The paid up share capital of private company should not be exceeding fifty lakh rupees and should not have average annual turnover more than two crore rupees at the time of such conversion into OPC. The company shall be having one member and shall appoint one nominee to act as member in case of death or incapacity of the member at the time of conversion into OPC.

    14. What is the time limit for filing form INC-6?

    Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.

    15. Who is eligible to act as a member of an OPC?

    Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
    For the above purpose, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.

    16. A person can be a member in how many OPCs?

    A person can be member in only one OPC.

    17. What if a member of an OPC becomes a member in another OPC by virtue of being a nominee in that other OPC?

    Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days.

    18. Which form is to be filed in case of withdrawal of consent by the nominee of an OPC or in case of intimation of change in nominee by the member?

    Form INC-4 shall be filed in case of withdrawal of consent by the nominee or in case of intimation of change in nominee by the member.

    19. What are the Annual Compliance requirements to be fulfilled by a One Person Company?

    During every financial year, the company must hold board meetings in case of more than 1 director. Furthermore, the accounts and financial statements must be audited by an independent auditor. Subsequently, it shall file form AOC – 4 and MGT – 7 as a part of Annual Compliance within the given time.

    20. How much time does it take to incorporate an OPC company?

    ComplianceIndia can incorporate a OPC for in 7-10 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

    OUR SERVICES

    Private Limited Company Incorporation

    ₹2,999/-

    Looking to Start a Company in India? Contact us for complete solutions to your needs…

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    One Person Company Incorporation

    ₹2,999/-

    Looking to Start a One Person Co. in India? Contact us for complete solutions to your needs…

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    Limited Liability Partnership Registration

    ₹2,999/-

    Looking to Start aLLP in India? Contact us for complete solutions to your needs…

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    Indian Subsidiary Company Registration

    ₹9,999/-

    Looking to Start a Subsidiary Co. in India? Contact us for complete solutions to your needs…

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    Trademark Registration

    ₹4,999/-

    Complete Solutions for Trademark Registration, Opposition, Reply, Renewal etc…

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    GST Registration

    ₹999/-

    Complete Solutions for GST Registration, Modification, Queries for all GST matters…

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    GST Return Filing

    ₹499/-

    ST Return Filing Solutions, NIL GST Return Filing, GST LUT Filing, GST E-Way Bill, Reply to GST Notice…

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    Accounting and Tax Services

    ₹499/-

    Complete Solutions for Tax, Payroll, TDS, Income Tax for Individual and Company etc…

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    Private Limited Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Directors...

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    One Person Company Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Director...

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    LLP Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your LLP and Partners...

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    XBRL Conversion and Filing Services

    ₹5,000/-

    Get your XBRL financials ready for filing with MCA, BSE, NSE etc...

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    WHY TO CHOOSE US

    Recognised by Govt. of India

    We are Govt. recognised registered Company providing Financial and Legal aspects to clients all over India.

    Professional & Experienced Team

    We are a strong team of 25 energetic people with 2 Chartered Accountants and 4 Company Secretaries.

    Quick Turnaround Time

    From our past records, we assure you 100% accuracy in services we provide within the timeframe mentioned.

    Cost Effective Service with Easy EMI

    With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price with an option of Easy EMI.

    5000+ Satisfied Customers

    We provide financial, taxation and regulatory services to more than 5,000 Individuals and Businesses.

    ISO 27001:2013 Certified for Data Security

    Certified Service provider for quality standards, data security and confidentiality.

    Transparent Process & No Hidden Charges

    We practice transparent pricing for all services and separate cost into three categories, our fee, government fee, and GST. No Hidden Cost.

    All services under one roof

    From incorporation to routine finance, tax and regulatory services till Closure/ wind-up for businesses and Individuals.