One Person Company
Starting From Rs.7899
All inclusive price
Company registration with 1 DSC, 1 DIN, MOA , AOA, all related government fee & stamp duty*, PAN, TAN, ESI & PF registration, bank account opening, Inclusive of all government fees and taxes.
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ONE PERSON COMPANY REGISTRATION
As Per Section 2 (62) of the Companies Act, 2013 “One Person Company” means a company which has only one person as member. OPC is basically a Private Company. Only natural person who is Indian Citizen can incorporate OPC. Only one person is needed to incorporate OPC and such person shall be sole member of the OPC.
Time Taken : 10 to 15 days
WE INCLUDE :
DSC for Director.
DIN For Director
Name Reservation
Memorandum & Articles of Association
Certificate of Incorporation
Company PAN & TAN
NOTE : Prices may fluctuate in Kerala , Madhya Pradesh, Maharashtra and Punjab because of higher stamp duty .
A Step-by-Step Guide to Company Registration Process
We can incorporate a company in less than ten days, subject to government processing times and availability of all documents.
Step 1: Dedicated incorporation expert assigned for the engagement
Step 2: Collection of information and documents for company registration from client
Step 3: Application submitted for digital signatures to eMudhra
Step 4: Name approval request submitted to MCA
Step 5: Incorporation documents drafted based on the MCA approved name
Step 6: Signing of incorporation documents by all Directors & Shareholders
Step 7: Submission of incorporation documents to MCA for approval
Step 8: Company incorporated with incorporation certificate & PAN
Step 9: Other process or services begin as per customer requirement
Documents required for Company Registration
To register a company, various documents are to be submitted to the MCA as follows:
PAN Card: PAN Card copy of the proposed Directors of the Company will be required for Company Registration.
Address Proof: The address proof submitted must have the name of the Director as mentioned in the PAN Card and the most current address of the Director.
Residential Proof: The residential proof must also contain the name of the Director as mentioned in the PAN Card and must not be older than two months.
Registered Office Proof: In addition to providing identity, address and residential address for the Directors, proof must be provided to validate the registered office address of the Company.
- The registered document of the title of the premises of the registered office in the name of the company; OR
- The notarized copy of lease / rent agreement in the name of the company along with a copy of rent paid receipt not older than one month;
In addition to the above, the following must also be provided as proof of registered office:
- The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord; AND
- Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.
Reasons to Register a Company in India
Legal status
The OPC receives a separate legal entity status from the member. The separate legal entity of the OPC gives protection to the single individual who has incorporated it. The liability of the member is limited to his/her shares, and he/she is not personally liable for the loss of the company. Thus, the creditors can sue the OPC and not the member or director.
Easy to obtain funds
Since OPC is a private company, it is easy to go for fundraising through venture capitals, angel investors, incubators etc. The Banks and the Financial Institutions prefer to grant loans to a company rather than a proprietorship firm. Thus, it becomes easy to obtain funds.
Less compliances
The Companies Act, 2013 provides certain exemptions to the OPC with relation to compliances. The OPC need not prepare the cash flow statement. The company secretary need not sign the books of accounts and annual returns and be signed only by the director.
Easy incorporation
It is easy to incorporate OPC as only one member and one nominee is required for its incorporation. The member can be the director also. The minimum authorised capital for incorporating OPC is Rs.1 lakh but there is no minimum paid-up capital requirement. Thus, it is easy to incorporate as compared to the other forms of company.
Easy to manage
Since a single person can establish and run the OPC, it becomes easy to manage its affairs. It is easy to make decisions, and the decision-making process is quick.
Perpetual succession
The OPC has the feature of perpetual succession even when there is only one member. While incorporating the OPC, the single-member needs to appoint a nominee. Upon the member’s death, the nominee will run the company in the member’s place.
What is the Price I Need to Pay for Registering a Company?
The Cost of Incorporation / Registration a Company would vary from INR 5477/- to INR 18999/- depending upon the plan you choose.
Pay as you go grow pricing
All Inclusive Pricing - No Hidden Fee
Basic
1 Digital Signature of Director- 2 Year Validity
1 Digital Signature of Nominee- 2 Year Validity
1 Director Identification Number
Name Approval
1 lakh Authorized Capital Authorized Capital Fee
Msme Registration
MOA and AOA
Commencement of Business Certificate
Share Certificates
Company Registration Certificate
Incorporation Fee
Stamp Duty
PAN & TAN
ESI & PF
Startup funding Assistance
Dedicated Account Manager
Bank Account Opening
PTEC Registration (Only in Maharashtra and Karnatka)
PTRC Registration (Only in Maharashtra and Karnatka)
Dedicated Account manager
Advance
1 Digital Signature of Director- 2 Year Validity
1 Digital Signature of Nominee- 2 Year Validity
1 Director Identification Number
Name Approval
1 lakh Authorized Capital Authorized Capital Fee
Msme Registration
Gst Registration
MOA and AOA
Commencement of Business Certificate
Share Certificates
Company Registration Certificate
Incorporation Fee
Stamp Duty
PAN & TAN
ESI & PF
Startup funding Assistance
Dedicated Account Manager
Bank Account Opening
1 Month Virtual office Facility
3 Months gst Return
PTEC Registration (Only in Maharashtra and Karnatka)
PTRC Registration (Only in Maharashtra and Karnatka)
Dedicated Account manager
PREMIUM
1 Digital Signature of Director- 2 Year Validity
1 Digital Signature of Nominee- 2 Year Validity
1 Director Identification Number
Name Approval
1 lakh Authorized Capital Authorized Capital Fee
Msme Registration
Gst Registration
MOA and AOA
Commencement of Business Certificate
Share Certificates
Company Registration Certificate
Incorporation Fee
Stamp Duty
PAN & TAN
ESI & PF
Startup funding Assistance
Dedicated Account Manager
Bank Account Opening
1 Month Virtual office Facility
3 Months gst Return
Startup India registration
PTEC Registration (Only in Maharashtra and Karnatka)
PTRC Registration (Only in Maharashtra and Karnatka)
Dedicated Account manager
- Digital signatures from eMudhra with 2 year validity along with ePass 2003 token.
- Upto 4 name options can be given in 1 RUN name approval request.
- Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount invested by shareholder and can be even Rs.2.
- In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable.
- In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. Vakeelji will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
Additional Directors can be added for an additional price of Rs.2499 – if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Director will be Rs.2499 + DSC AND DIN, inclusive of GST. - Additional authorised capital can be purchased if requried at time of incorporation.
Frequently Asked Questions
One can incorporate a one person company through the following process:
- Name reservation: Form INC-1 shall be filed
- Incorporate OPC: Filing Forms INC-2 and INC-3
Filing Forms DIR-12 and INC-22
- DIN, DSC, and PAN Card of the Director and Shareholder
- Photographs of Director and Shareholder
- ID Proof and Address Proof of Director and Shareholder
- Address Proof of the location/registered office of the OPC
- And, other necessary documents
According to the Ministry of Corporate Affairs’ criteria, OPC business registration can only be done by Indian residents, and only one at a time.
A person can only be a member of one OPC.
No. No one other than an Indian citizen or a resident of India is allowed to register a one-person company in India.
According to the Companies (Incorporation) Rules, 2014, If a company’s paid-up capital exceeds INR 50 lac or its average annual turnover over the previous three financial years surpasses INR 2 crore , a one-person company must convert to a private limited company or a public limited company.
Directors Identification Number (DIN) is a number granted by the Ministry of Corporate Affairs, Government of India, to company directors or LLP Designated Partners.
After obtaining written agreement from the nominee, the subscriber to the memorandum may nominate another individual. The Nominee becomes a member of the OPC in the event of the shareholder’s death or inability to contract.
