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OPC Registration

OPC Registration

OPC is a private limited company formed by a single person. It is a popular choice for entrepreneurs who want to start their own business but do not want to have to deal with the hassle of forming a partnership or a joint venture.

We can help you register an OPC in 2 weeks for Rs. 4,999. We will take care of all the paperwork and filing, so you can focus on your business.

Get Started Today!

Process of OPC Registration

ONE PERSON COMPANY REGISTRATION

Empower Your Entrepreneurial Journey with One Person Company Registration

Efficient OPC Registration

  • Embark on your business venture as a single entrepreneur with seamless OPC registration.
  • Experience a streamlined application journey for establishing your one-person company.
  • Choose the right entity between a Proprietorship Firm and a One Person Company (OPC), both catering to solo entrepreneurs but with different implications.

Required Documentation

  • Director's Identification Proof
  • Address Proof of the Director
  • Proof of the Proposed Company Name

Necessary Preparations

  • Prepare the necessary documents and proofs to ensure a smooth registration journey.
  • Secure professional certifications required for submission to the MCA portal.

THE PROCESS

Seamless Steps to Obtain One Person Company Registration

OPC Registration Procedure

  • Upon your request, our experts guide you through the necessary steps for OPC registration.
  • We ensure all required documents are gathered meticulously, ensuring a hassle-free experience for you.
  • After submission, our advisors are available to address your queries throughout the registration process.
  • OPC registration process is typically completed within 10 to 15 working days.

Detailed OPC Registration Steps

  • Step 1: Application for Digital Signature Certificate (DSC)
    Since OPC incorporation is a fully digital process, obtaining a Digital Signature Certificate is essential. The individual acting as the director and subscriber to the memorandum must apply for a DSC through certified agencies. This straightforward online process can be completed within 24 hours and involves three simple verifications: document, video, and phone.
  • Step 2: Application for Name Availability
    The company name is applied for using the SPICE RUN form, part of the SPICe+ suite. It is crucial to define the company's industrial activity code and object clause during this application. Ensure the name does not resemble any existing company names or violate the laws of emblems and names. Our name search tool is available to help verify name availability efficiently.
  • Step 3: Filing of SPICe Form (INC-32)
    Following name approval, the SPICe+ form is used for the electronic registration of the company. This form includes:
    • Details of the company
    • Information about the member and subscriber
    • Application for Director Identification Number (DIN)
    • Application for PAN and TAN
    • Declarations by director and subscriber
    • Certification by a professional
  • Step 4: Filing of e-MoA (INC-33) and e-AoA (INC-34)
    These linked forms are essential during company registration. The Memorandum of Association (MOA) and Articles of Association (AOA) are crucial documents that outline the company's constitution, powers, objectives, and management rules.
  • Step 5: Issuance of PAN, TAN & Certificate of Incorporation
    Once the Ministry of Corporate Affairs approves the submitted documents, the PAN, TAN, and Certificate of Incorporation are issued. With these, you can open a current bank account, and our team is ready to assist you with this final step.

Finalizing Your Registration

Once your documents are ready, submit them through the MCA portal. From there, the process is designed to be efficient and supportive, with our team assisting every step of the way. This ensures not only compliance but also peace of mind as you establish your one-person business.

comparison of Companies

COMPARE RELATED SERVICES

Types of Government Registration

Managing Your BusinessOne Person CompanyLimited Liability PartnershipPrivate Limited company
Recommended forSole PromotersProfessional Service FirmsStartup and Growing Companies
Ease of Accommodating InvestmentPossible, but severely unlikelyPossible, but unlikelyVery easy to accommodate
Limited Liability ProtectionYesYesYes
Tax AdvantagesFew BenefitsMost BenefitsFew Benefits
Perpetual ExistenceYesYesYes
Statutory ComplianceHighLowHigh




Important to Know for One Person Company Registration

ONE PERSON COMPANY (OPC) REGISTRATION

Empowering Solo Entrepreneurship

An One Person Company (OPC) is a unique business structure designed to empower individual entrepreneurs. It offers a blend of flexibility and limited liability, making it an attractive option for those venturing into the business world alone.

At **Efilingcompany**, we guide you through the entire OPC registration process, ensuring a smooth and hassle-free experience. Our expertise allows you to navigate the legal and regulatory requirements with ease.

**Key Features of an OPC:**

  • Limited Liability Protection
  • Separate Legal Entity Status
  • Single Shareholder and Director

**Understanding the Meaning of an OPC:**

An OPC is a type of company where a single individual can be the sole shareholder and director. This structure provides a balance between the ease of a sole proprietorship and the legal protection of a limited liability company.

**OPC vs. Sole Proprietorship:**

While both cater to single entrepreneurs, OPCs offer distinct advantages. They provide limited liability protection, separate legal entity status, and greater credibility compared to sole proprietorships.

Register Your OPC Now

Key Benefits of OPC Registration:

  • Limited Liability Protection
  • Separate Legal Entity Status
  • Ease of Incorporation and Management
  • Enhanced Credibility and Market Presence
  • Foundation for Business Growth

ONE PERSON COMPANY REGISTRATION FEES

Understanding the Costs Involved

When considering registering a One Person Company, it's crucial to understand the applicable fees. At **Efilingcompany**, we provide transparent information about the registration fees to ensure clarity throughout the process.

The registration fees for an OPC can vary based on factors such as capital and location. Our experts help you navigate the fee structure and provide accurate information tailored to your specific circumstances.

Here’s a detailed breakdown of the typical costs associated with registering a One Person Company in India:

  • Digital Signature Certificate: INR2,500
  • Government Fee: INR 1,500
  • Professional Fee: INR 3,999

Total Estimated Cost: INR 7,999*

This comprehensive fee structure ensures you know exactly what to expect financially. Additionally, the registration process typically takes about 7-10 working days, allowing you to plan accordingly.

By understanding each component of the cost, you can make informed decisions that suit your business needs, ensuring a smooth and efficient registration process.

Why Choose Efilingcompany for OPC Registration?

  • Expert Guidance and Support
  • Hassle-Free Registration Process
  • Competitive Pricing and Transparent Fees
  • 100% Satisfaction Guarantee
  • Timely and Efficient Service
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Types of One Person Company Registration

Pricing

Pricing Table - Simple

Personal PRIVATE LIMITED COMPANY


2 Directors
1 MOA + 1 AOA
1 PAN CARD + 1 TAN CARD

INR 8499

Startup/Investor Friendly

Add to Cart
Advance ONE PERSON COMPANY

1 Digital Signature
1 Shareholder
1 Pan Card + 1 Tan Card

INR 7499

For Sole Founder

Add to Cart
Ultimate LIMITED LIABILITY PARTNERSHIP


2 Partners
1 LLP Agreement
1 PANCard + 1 TAN Card

INR 7499

For Traditional Business

Add to Cart

What are the Minimum requirements for OPC Registration ?


Setting up a One Person Company (OPC) under the Companies Act of 2013 requires fulfilling specific criteria. Here's a simplified breakdown of the key requirements to get you started:

Key Requirements for OPC Registration

  • Distinctive Business Name: Your OPC must have a unique name that isn't already in use. This distinction is crucial for legal registration.
  • Capital Flexibility: Unlike other structures, an OPC doesn't demand a minimum initial capital amount, offering financial flexibility when starting your venture.
  • Nominee Arrangement: You'll need to appoint a nominee during registration. This person agrees to take over ownership in case of your incapacitation or death, ensuring company continuity.
  • Office Address Verification: Providing a legitimate proof of your office address (utility bills, rental agreement) is essential to validate your business location.

By meeting these essential requirements, you're well on your way to successfully registering your One Person Company!

What Documents Do You Receive After Registering a One Person Company (OPC)?


Upon successful registration of your One Person Company (OPC), you'll receive a set of essential documents that establish your company's legal and operational foundation. Here's a breakdown of these crucial documents:

  • Certificate of Incorporation: Official proof of your company's registration with the authorities.
  • Permanent Account Number (PAN): Unique identifier for tax purposes.
  • Tax Deduction and Collection Account Number (TAN): Required for withholding and collecting taxes.
  • Articles of Association (AoA): Outlines your company's internal rules and regulations.
  • Memorandum of Association (MoA): Defines your company's objectives and powers.
  • Director Identification Number (DIN): Unique identification number for the company's director.
  • Digital Signature Certificate (DSC): Used for electronic filing and verification.
  • EPF and ESIC Registration Documents: Essential if you plan to hire employees.
  • Company Master Data: Comprehensive record of your company's data maintained by the government.

Receiving these documents is a crucial step for establishing your company's legal and operational foundation. They play a vital role in ensuring smooth future operations.

BENEFITS

Online One Person Company (OPC) Registration in Delhi NCR, Noida, Gurugram @ INR 4999 only

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Limited Personal Liability

Liability is limited only to the extent of paid up capital.

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Easy Transmission of Shares

Ownership transferring is very easy as compared to other form of business.

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Nominal Capital Requirement

There is no as such requirement with respect to paid up capital amount. 

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Separate Legal Entity and Perpetual succession

OPC can hold assets in his own name and incur liability in company name 

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Single owner and Director

Single owner and he himself can be appointed as Director in OPC

ONLINE REGISTRATION

DOCUMENTS REQUIRED FOR REGISTERING AN OPC

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Electrcity Bill/Water Bill + No objection certificate

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Copy of Rent agreement ( if rented property)

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Copy of Aadhar Card/Voter ID card

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Passport Size Photograph of Owner

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Copy of Pan Card or Owner

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REGISTER ONE PERSON COMPANY-FREQUNTLY ASKED QUESTION

By Filing up form INC4, 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.

When 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.

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.

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

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.

A person can be member in only one OPC.

? Independent Existence: ? The One Person Company is considered as a separate legal entity. In the eyes of the law, a company is a person, having a common seal, and perpetual succession. It gets the authority to exercise all the functions of an incorporated person. ? Limited Liability: ? Unlike public limited company & private limited company , the concept of limited liability of One Person Company in India implies that the liability of the member is will be up to the extent of his share in the company. In an OPC, one person holds the entire share and has complete authority over the operation of the business. So, it can be elucidated that the liability of the person will be to the extent he has invested in the business. ? Separate Property: ? An OPC will have its own separate property as it gains its own identity and functions as a separate legal entity. The OPC will become the owner of its assets, and the members will not have any insurable rights in the assets of the company. ? Transferability of Shares: ? OPC has only one shareholder. The issue of transferring a portion of the share does not arise at all because if it is done, the company will cease to be a “one person” company. Transferring all the shares is also not practicable as it’ll change the entire structure of the company as the owner of the company is changing. The issue has not yet been dealt with, and interpretation of the law may provide us with the explanation that in an OPC, transfer of share is not allowed. ? Tax Flexibility and Savings: ? OPC make a valid contract with its shareholder or directors. This means as a director you can receive remuneration, as a lessor you can receive rent, as a creditor you can advance money to your own company and earn interest. Directors’ remuneration, rent and interest are a deductible expense which reduce the profitability of the Company and ultimately brings down taxable income of your business. ? Complete Control of the Company with the Single Owner: ? OPC is completely controlled and managed by the Single Owner. It leads to quick decision making and execution. The sense of belonging motivates to grow the business further. ? Legal Status and Social Recognition for Your Business: ? One person company is the most popular business structure in the world. Large organizations prefer to deal with private limited companies instead of proprietorship firms. Private Limited business structure enjoys corporate status society which helps the entrepreneur to attract quality workforce and helps to retain them by giving corporate designations, like directorships.

? Compliance Burden As OPC has more focus on various functional and core areas, OPC have to face a little burden as compared to private limited companies. ? Annual Return Filing One Person Company’s annual return is compulsorily signed by a director. OPC is generally not allowed to receive mandatory requirement of company secretary signature. ? High Tax Rate In the case of One Person Company, you are directly charged 30% income tax. The high tax rate is a big disadvantage of one Person Company. ? OPC included in Name One Person Company is compulsorily mentioned after the company name in brackets. When you initiate the business with a few shareholders, the administration is not dedicated and you end offering impression to the customers. ? Not Suitable for Turnover Experts mostly suggest going for a private limited company than one Person Company when the turnover is a bit high and effective. Setting up OPC, conversion of one Person Company into a private limited company is not believed to be a good decision.

This setup allows a sole proprietor to do business and still enjoy corporate structure. Being a separate legal entity, the liability is limited to the amount unpaid by the members.

Yes, non-resident Indians (NRIs) can indeed register a One Person Company (OPC) in India. This opportunity arose following a significant update in the Union Budget for the financial year 2021-22. Key Points to Know: Eligibility: To become eligible, an individual must have stayed in India for at least 120 days prior to the start of the financial year. Ease of Business: This move has been aimed at streamlining the process for NRIs, making it more convenient to start and manage a business in India. Benefits: With an OPC, NRIs can operate with the ease of a sole proprietorship while enjoying the benefits of limited liability and other corporate advantages. This change reflects India's intent to foster entrepreneurship among its diaspora, providing them with a simpler framework to initiate and run businesses seamlessly.

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OPC REGISTRATION-WHY CHOOSE US?

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What our Article say about our Service.

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,

One Person Company has been introduced in the Companies Act 2013 by the MCA to provide the new opportunities for who want to start a venture single