Incorporation of One Person Company (OPC) in India

Ideal if your business is small and Managing by Single Person

Many advantages, Single Person manage, Less Compliances with ROC and Minimum Fees
Incorporation in 2 days | Include Share Certificate, MOA/AOA, DSC, DIN, PAN & TAN, etc
Eligible to appy for Startup India Recognition & Tax Exemption
Free Post incorporation consultation

Incorporation of One Person Company (OPC) in India

Why One Person Company is better choice for you?

When you do not have any Partners, A SINGLE person can form a Private Limited Company with One Nominee

OPC is also treated as a Private Limited Company and Eligible for Startup Registration apply as well

The concept of One Person Company (OPC) is introduced with Companies Act, 2013. Any one person who is an Indian citizen and resident in India is eligible to incorporate One Person Company. This form of company formation is perfect replacement for sole proprietorship model of businesses and eligible to apply for StartupIndia Recognition, Bank credit facilities and more preferences than a informal business of sole proprietorship.
OPC is fit for a small business running independently. Appointment of One Nominee is must ( Indian Resident age not less than 18 years). an OPC Can have more than one directors, but the shareholder limited to one person only.

Documents Requirement for OPC Incorporation

Below are given documents and details required for Owner (Shareholder sum Director) and Nominee both

Photographs
PAN card Copy
ID Proof - Driving License / Voter ID / Passport (anyone)
Address Proof - Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old)
Email ID and Mobile Numbers
Aadhar card ( Optional )
Proposed Company Registered Office Address Proof - Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner
DIN of Owner (Shareholder sum Director)

Features of One Person Company (OPC)

Single Shareholder and Director can be same person.
Maximum 15 Directors allowed
1 Nominee is mandatory ( Indian Resident)
Eligible to apply for Startup Recognition
Annual Statutory Audit compulsory by Practicing CA
Annual ROC Filing Mandatory
Income Tax rate @ 22% on net profit
Separate Legal Entity and Limited Liability
A person can be member in only one OPC. Means a Person can not form more than one OPC.
IF OPC crosses a turnover of over Rs 2 crores or has a paid-up capital more than Rs 50 lakhs. It must be converted into a private or public within 6 months.
Business ownership control by single person.

Cost of Company Incorporation

OPC Option 1

Authorised Capital upto Rs 10 Lakh

Rs. 14000

OPC Option 2

Authorised Capital above Rs 10 Lakhs

Customise Fee

Startup OPC 1

OPC + Startup India Recognition + MSME + GST

Rs. 27000

Startup OPC 2

OPC + Startup India Recognition + MSME + GST + Basic Website

Rs. 34000

OPC Option 3

OPC + MSME + GST

Rs. 17000

The above fee for selected states only. in Few States Stamp Duty payable extra as per actual. For more than 1 director additional fee @ Rs 1200/-

Our Service Coverage

After Company incorporation, you will receive below documents

Company Certificate of Incorporation
Memorandum of Association & Article of Association (MOA & AOA)
PAN Card and TAN Allotment
EPF & ESI Registration
Digital Signatures (Class 2)
Directors Identification Number (DIN)
Assist in Bank A/c Opening
Professional Tax Registration ( in Maharastra Only)
GST Registration (Optional)

OPC Registration Procedure in India | Easy & Hassle free online process

Documentation & Finalise Name

First we collect documents and then send you few papers for your signature on email. Then we collect scan copy of Signed Papers from you on email. Side by side we finalise 2 proposed name of company #We can complete this in day 1

DSC apply

Meanwhile we apply for Digital Signatures of all directors/shareholders. #We can complete this in day 1

Incorporation Filing

In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA.

Company Approved

Generally ROC approve incorporation application in 1-2 days. Once your application approved, you will get certificate, PAN, TAN etc.

Pre-requisite for OPC Incorporation

Proposed Company name must be unique. The suggested name should not match or identical with any existing companies or trademarks in India. # We help here to choose name.
All Proposed Director(s) must have Active DIN
Digital Signature for proposed Director(s)/Shareholder
Decide Paid-up Share Capital
Decide Authorised Share Capital. ROC Fee & Stamp duty based on Authorised Capital. Low Capital - Less Govt Fee.
Decide Company Registration State and Office address
Decide Bank Authorised Signatory and Bank name to open your account (ICICI, BOb, Kotak, PNB)

What are the various Compliances you need to do post incorporation of a OPC

An OPC is also a Private Limited company. So, apart from other statutory compliances like GST, InCome Tax, etc., it must comply below without any delay.

File Commencement of Business (COB) e-form INC 20A within 180 days of incorporation.
Appointment of an Statutory Auditor ( Practicing Chartered accountant) for Auditing Books of accounts and issue audited Annual Financial Statement.
Filling of ROC Annual Forms
Filing of Director e-KYC

The above compliances related to the provisions of Companies Act. If it a Startup Comoany then keep additional expenses approx Rs 40-50K for annual audit and ROC filings.

Incorporation of One Person Company (OPC) in India

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