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.
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.
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
Documents Requirement for OPC Incorporation
Below are given documents and details required for Owner (Shareholder sum Director) and Nominee both
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)
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)
Post incorporation Compliance Advice
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
Meanwhile we apply for Digital Signatures of all directors/shareholders. #We can complete this in day 1
In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA.
Generally ROC approve incorporation application in 1-2 days. Once your application approved, you will get certificate, PAN, TAN etc.
Our Professional Fees & Expenses
OPC Incorporation - Professional Fee
Company Incorporation Certificate + MOA & AOA + PAN/TAN + EPF & ESIC Regn + Assist in Bank A/c Opening