One Person Company Incorporation
Prices Starting from INR 8999/- only.
Timeline – 5 Working days
(No Hidden Cost)
One Person Company (OPC) lets a single Entrepreneur to set-up and operate a company with limited liability protection.
The model of One Person Company (OPC) in India was introduced through the Companies Act 2013 to upkeep entrepreneurs who are proficient in starting a company by allowing them to form a single person business entity. One of the main benefits of a One Person Company (OPC) is that there can be only one member in a One Person Company (OPC), whereas a minimum of two members required in case of incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Comparable to a Private Limited Company, a One Person Company is also a separate legal entity from its promoter offering limited liability protection to its sole stockholder, while having continuity of business and being easy to register.
One Person Company (OPC) has a few restrictions. For example, all One Person Company (OPC) should appoint a nominee Director in the MOA and AOA of the Company (who will become the owner of the One Person Company (OPC) in case of death or inability). Also, a One Person Company needs to be converted into a Private Limited Company if its business crosses a yearly turnover of INR 2 crores and must file audited financial reports with the Ministry of Corporate Affairs (MCA) at the end of each Financial Year like all other types of companies. Hence, it is necessary for the Entrepreneur to carefully consider the benefits of a One Person Company (OPC) before registration.
One Person Companies (OPC) is helping essentially in developing the overall economy of India. Many Entrepreneurs are coming up and starting their business. By registration of One Person Companies (OPC), the organisation can enjoy the benefits in banking and are eligible for bank loans, credits. Therefore, if you are looking to start up your own company, you don’t have to worry about all the complex and slow procedures.
An Individual, who is an Indian National and Resident in India can register a One Person Company (OPC). Soft Tech Solution offers cost-effective One Person Company (OPC) Incorporation.
Minimum Requirements
- The one person company minimum -1 members
- Subscriber member –directors as well as shareholders
- Director-DIN (Director Identification number)
- Registered office –validity registered office proof
- DSC –Digital signature certificate
- Subscribed capital –there is no minimum capital requirement.
- One person cannot incorporate more than one OPC or cannot be nominee more than one OPC
Documents Required
- Pan card of individual
- Voter id /Driving license /Passport for identity proof
- Latest Bank Statement / Telephone bill /Mobile bill/Electricity Bill for Address proof
- At least two company name
- Rent agreement along with telephone bill/EB bill/Gas bill is required for company registered office proof
- Digital signature
- 7) INC 3 Form for nominee
- Identity and address proof and pan card of the nominee
SILVER
.
– 1 CLASS 2 DIGITAL SIGNATURE
– 1 Director Identification Number
– Incorporation Fee
– Incorporation Certificate
– PAN & TAN Certificate
– GST Registration
– Commencement of Business Certificate
– Stamp Duty
.
₹ 9000/-
(All Inclusive)
GOLD
.
– 1 CLASS 2 DIGITAL SIGNATURE
– 1 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Month GST Returns
– One Month Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
.
₹ 19000/-
(All Inclusive)
PLATINUM
.
– 1 CLASS 2 DIGITAL SIGNATURE
– 1 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Year GST Returns
– One Year Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
– Company Annual Return Filling
– Free Website Designing
.
₹ 29000/-
(All Inclusive)
1Obtain DSC
2Reserve Your Company Name
3Submission of MOA & AOA
4Get Company’s Incorporation Certificate
5Get Company’s PAN & TAN
6Bank Account Opening
One Person who is an Indian National and Indian resident can incorporate an OPC. Also, it requires an additional person as Nominee Stockholder. So, in effect you need two people for incorporating an OPC.
An Individual can incorporate only one OPC. Also a person cannot become nominee in more than one OPC.
Subscribed capital is the sum of capital agreed to be brought in by the stockholders to the business.
No common advantages; though some industry-specific advantages are accessible. Tax is to be paid at a flat rate of 30% on profits; Dividend Distribution Tax applies.
A One Person Company (OPC) can be converted to a Private Limited Company or Public Limited Company.
No, you will not have to be present in person for incorporating of an One Person Company (OPC). This is an entirely online process.
Only an Indian resident can become a Stockholder or Nominee Stockholder in an OPC. Non-Resident Indians, Foreign Nationals, Companies, and LLPs are not allowed to become a Stockholder or Nominee Stockholder in an OPC.
There is no change in capital requirement between a One Person Company (OPC) and a Private Limited Company. It needs an authorised capital of INR 1 lakh to begin but none of this essentially needs to be paid-up. This means that you don’t actually need to invest any money into the company.
Yes, anyone can be appointed as a nominee, provided he or she should hold a correct Permanent Account Number (PAN).
No, Foreign Direct Investment (FDI) is not acceptable for One Person Company (OPC). You may consider registering a Private Limited Company if you wish to bring Foreign Direct Investment (FDI).