Introduction
One Person Company (OPC) allows a single Entrepreneur to operate a corporate entity with limited liability protection. In one person company, there is only one shareholder who is an Indian citizen and Indian resident i.e. stayed in India for at least 182 days in the preceding year.
The name of an OPC shall end with the words ‘(OPC) Private Limited’.No person shall be eligible to incorporate more than a One Person Company or become the nominee in more than one such company.There can be more than one director, but not more than one shareholder.
Service Includes
- Name reserve through RUN (Reserve Unique name)
- DSC (1 No.)
- Includes Govt Fees & Stamp duty for Authorized Capital upto ₹1 Lakh except for the states of Punjab, Madhya Pradesh and Kerala
- Includes Government Fees & stamp duty Upto ₹3500/-
- Filing of SPICe form
- Drafting & filing of e-MoA (Memorandum of Association) & e-AoA (Article of Association)
- GST Registration (optional)
- Director Identification No. (DIN) – (1 No.)
- Issue of Incorporation Certificate
Required Documents
1) For each Director & Nominee:
a) Passport Size Photos
b) PAN Card
c) Aadhaar Card
d)For Identity Proof – Passport / Driving License / voter ID (any one)
e)For Residential Proof – Bank Statement /Electricity bill/ Landline Bill/Mobile bill/Gas pipeline bill not older than two months (any one)
f) Passport is mandatory for Foreign Nationals
g) Specimen signature
2) For Registered Office Address -Electricity bill/Landline Bill/Mobile bill/Gas bill, but not older than two months (any one)
3) Rent agreement of your registered office
4) No Objection Certificate from owner of property if premise is taken on rented
Frequently ask questions
- Entrepreneur who wish to form a company with limited liability.
- Proprietorship firm looking to get status of a company.
- There are less compliance in One person Copany as compared to Private Limited company.
Taxfolios Team usually takes 3-5 working days to Incorporate a company subject to approval from MCA.
There is no minimum capital requirement to Incorporate One Person Company (OPC).
No, GST service is add on Service with company registration, so price of Package will remain same.
There is no minimum paid up capital restriction for One Person Company but the maximum capital is restricted to ₹50 Lakhs and maximum turnover can be only ₹2cr.
For Member of OPC : A natural person who is resident in India and Indian Citizen who is living in India for a period of 182 Days is eligible to act as a member
For Nominee : A nominee of the company shall be natural person only. He shall be resident in India and cannot be minor.
During every financial year:
- The accounts and financial statements must be audited by an independent auditor.
- File form AOC – 4 and MGT – 7 as part of Annual Compliance
- Filing of DIR 3 KYC
- Filing of Income tax return
- At least one meeting of the Board of Director (BoD) should be conducted in each half of a calendar year
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