OPC Registration
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This package includes consultation, Government Fees & Stamp Duty, 1 DSC, 1 DIN, 1 Lakh Authorised Capital, 1 RUN Name Approval, PAN and TAN registration, Incorporation Fee & Certificate, Commencement of Business Certificate, MOA & AOA Drafting, GST Registration and Current Account Assistance.
This package includes consultation, Government Fees & Stamp Duty, 1 DSC, 1 DIN, 1 Lakh Authorised Capital, 1 RUN Name Approval, PAN and TAN registration, Incorporation Fee & Certificate, Commencement of Business Certificate, MOA & AOA Drafting, GST Registration, Current Account Assistance, MSME Registration, Shop & Establishment Registration and MCA Annual Return & Director’s Report.
This package includes consultation, Government Fees & Stamp Duty, 1 DSC, 1 DIN, 1 Lakh Authorised Capital, 1 RUN Name Approval, PAN and TAN registration, Incorporation Fee & Certificate, Commencement of Business Certificate, MOA & AOA Drafting, GST Registration, Current Account Assistance, MSME Registration, Shop & Establishment Registration, MCA Annual Return & Director’s Report, GST Return (GSTR-1 or 3B), Bookkeeping & Accounting and Professional Tax Registration.
This package includes consultation, Government Fees & Stamp Duty, 1 DSC, 1 DIN, 1 Lakh Authorised Capital, 1 RUN Name Approval, PAN and TAN registration, Incorporation Fee & Certificate, Commencement of Business Certificate, MOA & AOA Drafting, GST Registration, Current Account Assistance, MSME Registration, Shop & Establishment Registration, MCA Annual Return & Director’s Report, GST Return (GSTR-1 or 3B), Bookkeeping & Accounting, Professional Tax Registration, Income Tax Return & Financial Statement, Payroll and ESI & PF Return.
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One Person Company Registration
One person company is a legal entity as a Private Limited Company but with little distinctness. An OPC company is a more credible form of company incorporation than of sole proprietorship
The One Person Company (OPC) is the type of business which is owned by a single person which allows owning and manage the entire business. The OPC as a business form is introduced in India through Companies Act, 2013 to administer the sole proprietorship businesses and promote in an organised way. This is the business form which provides the benefits of corporate arrangement to those who does not want any partition of the business.
Advantages
- Limited liability:
As a company owner, you are not legally obligated to pay outstanding company debts beyond the value of the shares you hold it in the company and it protects the personal assets (such as a home or savings) of the company owner and this protects you in the event of business failure.
- One Shareholder & Director required:
Only one Director and Shareholder is required to incorporate a One Person Company in this form of the business, unlike others.
- Protect your business name:
When you incorporate your company its name is protected and other businesses cannot use the name or one that is similar.
Disadvantages
- Restriction to convert Private Limited:
As a company owner, you cannot convert an OPC to a Private Limited Company before 2 years from the incorporation of OPC.
- Suitable to Small Business:
OPC is suitable only for small business. An OPC can have maximum Paid up share capital of Rs. 50 Lakhs or Turnover of Rs.2 Crores. Otherwise, OPC needs to be converted into a Private Limited Company.
- Cost similar to Private Limited:
Cost to incorporate an OPC is similar to a private limited company which has more perks and benefits than One Person Company.
Eligibility to Incorporate an OPC
In a One Person Company, certain restrictions are associated with its incorporation. Therefore, before beginning for OPC registration, it’s recommended to understand the restrictions and confirm the owner is eligible as per the Companies Act to register an OPC:
- A person should be a Citizen of India and should not be a minor. The term “Citizen of India” means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one financial year
- Legal entities like LLP or Private Limited Company cannot incorporate an OPC
- A nominee must be declared by the owner to incorporate OPC
- Businesses engaged in financial activities cannot be incorporated as an OPC
- OPC should be converted to a private limited company when paid-up share capital surpasses Rs. 50 lakhs or turnover crosses Rs. 2 crores
- A person cannot incorporate more than one OPC
Documents Required for OPC Registration
- Documents required for Director and Nominee:
- Identity proof of Director & Nominee: The director & nominee are required to provide PAN at the time of registering company:
- PAN
- Address Proof: Director & Nominee can submit any of the following documents as address proof:
- Aadhar Card
- Passport
- Driving License
- Voter Card
- Residential Proof: Latest Utility Bill having the address of the Director & Nominee:
- Electricity Bill
- Telephone/Mobile Bill
- Bank Statement
The details of the residential proof should match with the PAN card. In case there is a spelling mistake, needs to be corrected before the submission.
- Photograph: The director and Nominee should provide their passport size photograph with a white background.
- Identity proof of Director & Nominee: The director & nominee are required to provide PAN at the time of registering company:
- Documents required for One Person Company:
- Registered Office Proof of the company: Proof of registered office has to be submitted during registration, or within 30 days of its incorporation:
- Proof of ownership if the director owns the place of business
- Rental agreement of the property where the business runs
- Latest Bill of Electricity/Water/Property Tax
- NOC from the Owner of Premises
- Registered Office Proof of the company: Proof of registered office has to be submitted during registration, or within 30 days of its incorporation:
Standard Other Registrations or Licences We Provide
PAN Registration
A PAN or Permanent Account Number is an important document all taxpayers must possess, as mandated in the Income Tax Act of 1961.
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Trademark Registration
A trademark is a unique symbol or word(s) used to represent a business or its products. Once registered, that same symbol or series of words cannot be used by any other organisation, forever, as long as it remains in use and proper paperwork and fees are paid.
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Shops & Commercial Establishment Registration
Shop act registration is to be taken compulsorily to start business establishment. Details of personal employed are to be given on yearly basis.
Learn More
Professional Tax Registration
Professional Tax Registration is levied by Municipal Corporations of various states in India. People who carry the profession such as CA (Chartered Accountant), Lawyers, Doctors, Business Owners etc need to pay these taxes. The owner of a business is responsible to deduct professional tax from the salaries of its employees.
Learn More
Udyog Aadhar (MSME) Registration
MSME Registration helps you to receive payment on time from large companies as they have to pay MSME Vendor within 45 days. Plus, you get benefit at the time of taking a loan in form of concessional rate of interest.
Learn More
GST Registration
Any person or entity supplying goods or services in India above the aggregate turnover limit (INR 20L for Service and INR 40L for Goods) is mandatorily required to obtain GST registration. For certain businesses such as Interstate Supply, E-Commerce Operators registration under GST is mandatory irrespective of turnover limit.
Learn More
TAN Registration
The Tax Deduction and Collection Account Number (TAN) is required for people who are deducting or collecting tax at source. Anyone paying a salary or commission is required to get a TAN.
Learn More
FSSAI Registration
Every food business operator (FBO) involved in the manufacturing, processing, storage distribution and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI Registration is different from FSSAI License in the sense that depending on the size and nature of the business, FBO should obtain the necessary registration or license.
Learn MoreOPC Registration Process
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01
Finalisation of One Person Company Name
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02
Verification of Documents
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03
Digital Signature Certificate for One Person Company Director
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04
Director Identification Number for One Person Company Director
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05
Name Approval Application
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06
Incorporation- SPICe+ Form Application (E MOA, E AOA, SPICe, INC 3, INC 9, DIR-2)
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07
Certificate of Incorporation
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08
PAN Registration for OPC
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09
TAN Registration for OPC
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10
Bank Account Opening
Find the Perfect Price
for OPC Registration
(All Taxes Inclusive, Transparent Pricing)
| Plan feature |
Basic |
Plus |
Pro |
|---|---|---|---|
| ₹ 9999 | ₹ 20999 | ₹ 30999 | |
| Features | |||
| Consultationxx |
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| Government Fees1 & Stamp Duty2 |
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| 1 DSC4 , 1 DIN, 1 Lakh Authorised Capital, 1 RUN Name Approval5 , PAN and TAN |
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| Incorporation Fee & Certificate |
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| Commencement of Business Certificate |
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| MOA & AOA Drafting |
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| GST Registration |
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| Current Account Assistance |
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| MSME Registration, if applicable |
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| Shop & Establishment Registration, if not factory |
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| MCA Annual Return & Director’s Report |
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| GST Return (GSTR-1 or 3B)3 |
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3 months up to 30 entries<sup>3</sup> |
| Bookkeeping & Accounting |
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3 months up to 350 entries |
| Professional Tax Registration |
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| Income Tax Return & Financial Statement6 |
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| Payroll |
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| ESI & PF Return |
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Disclaimer:
- Govt Fees & Stamp duty charges for 2 directors & INR 1 lakh Authorised Capital are included in the package except for the states of Punjab, Madhya Pradesh and Kerala. For exception States, more than 2 directors & 1 Lakh authorised capital, the additional duty is payable by the client as per below:
- Kerala: Rs. 3156/-
- Madhya Pradesh: Rs. 7681/-
- Punjab: Rs. 15025/-
- Additional Directors can be added for an additional cost of Rs. 999; if DSC & DIN are available. In the case of DIN or DSC is not available, the cost for adding additional Director will be Rs. 1999, all-inclusive
- Additional authorised capital of more than 1 lakh if required can be obtained by paying the applicable professional & Govt fee
- Class 2 digital signatures of 2-years validity with ePass token.
- Up to 2 name options can be given in 1 RUN name approval request.
- Fee not included for Foreign national / Body Corporate as director or business needing RBI/SEBI approval. The additional fee is payable by the client.
- Turnover of up to 12 Lakhs per quarter or 30 entries.
- Statutory Auditor (Chartered Accountant) fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. Companies are required to get their account audited by a Chartered Accountant, even if the company is not working or is currently having no turnover then also the Annual Statutory Audit is mandatory.
- Above packages are applicable where the annual turnover is below Rs. 50 lakh in Service based business and Rs. 1 crore in case of Goods.