Register One Person Company
Senixa Legal helps you to Register One Person Company (OPC) in India in a very simple way. Prices starting from INR 6999/- only.
One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA). It is a type of company where the compliance requirements are lesser than a private company. OPC registration is an extremely simple and cheap process.
One person company Registration opens up new business doors for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. One person company does away with the hassles of finding the right partner for beginning a business as the registered entity. It requires just a single person who will act as a member, shareholder, and director.
OPC Registration Process Duration:
5 Business Days: Firstly, the OPC director should petition or apply for the DSC otherwise known as Digital Signature Certificate, which is mandatory to file for the company registration records. For this to come through, one only needs to submit a few scanned documents; after which our agents will file the form by filling it and put it online for submission.
7 Business Days: Once the application for the DSC is done, our agents will ask you to choose a name for your business and send us the relevant scanned documents for the same. The sent documents will be used to file for the SPICe i.e. INC-32 and the MoA is otherwise known as the Memorandum of Association and the AoA also known as the Articles of Association. Finally, at the end of this process, the Certificate of Incorporation will be processed and approved.
2 Business Days: All companies need a registered PAN or Permanent Account Number and TAN or Tax Account Number. The application will be filed online by our representatives, however, you will be asked to courier the hard copies of the relevant and required documents yourself. Post the processing, the TAN and PAN will be dispatched to you to your registered office address only within 21 business days.
One Person Company (OPC) registration fees:
Government fees for registering a One Person Company (OPC) in India depends on the nominal Share Capital of the company. For example The Government fees for the OPC registration whose Share Capital is 10,00,000 the Government fees would be 2,000/- rupees. Whereas if nominal share capital ranges between Rs. 10,00,000 to Rs. 50,00,000 – Rs 2,000. Rs. 200 will be added for every Rs. 10,000 or part thereof of nominal share capital.
However, there would be extra costs such as DIN application expenses, stamp duties, form filing fees as well for OPC Incorporation in India.
Get DSC and reserve your company name
Submission of MOA & AOA
Get Incorporation certificate
Get Company’s PAN & TAN
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
What is the minimum number of a director to form OPC?
As the name suggests, a One Person Company can be started with one director.
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.
Can I appoint my wife as my nominee for my One Person Company?
Yes. Anyone can be appointed as a nominee, provided he or she holds a correct PAN in his or her name.
Can a nominee of a One Person Company be changed after incorporating the company?
Yes. A nominee can be changed at any time with due intimation to the Registrar.
Is there any threshold limit for an OPC to mandatorily get converted into either a private or public company?
In case the paid-up share capital of an OPC exceeds 50 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 a private or public company.
Can NRIs or Foreigners hold shares of a Private Limited Company?
Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines.
How to intimate RoC that the OPC has exceeded the threshold limits and requires conversion into a private or public company?
The OPC shall inform RoC in form INC-5 if the threshold limit is exceeded and is required to be converted into a private or public company.
Can I be a member of more than one OPC??
No, A person can be a member of only one OPC.
What is the Director Identification Number (DIN)?
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
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.
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.
Whether an OPC can be converted to a Public Limited Company and vice versa?
A-One person company can easily be converted to a Public or Private Limited Company.
Do you have to be present in-person to incorporate a One Person Company in India?
No, you will not have to be present for registering for an OPC. OPC incorporation is a completely online process.
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