One Person Company (OPC) Registration
Are you searching for One Person Company Registration? We are the best One Person Company (OPC) Incorporation Consultant in India. We provide OPC Registration Consultancy at a reasonable price across all over India. At Vakil Adda Consultancy, our team of experts, including Company Secretaries and Chartered Accountants, is here to simplify the process of registering your One Person Company. We’ll guide you through every step, document requirements, and compliance details. Get our One Person Company Registration Package for just Rs. 10,000.
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One Person Company Formation Rules
In India, the Companies Act of 2013 outlines the framework for registering a One Person Company (OPC), a distinct legal entity with limited liability based on its capital and assets. OPCs, governed by specific rules, are unique in that they require only one member for incorporation. The sole member serves as the director, and the company’s name must end with the term ‘(OPC) Private Limited’. In any point of time OPC cannot have more than one member. Also, OPC Compulsory required to convert into Private Limited if Capital of OPC exceeds fifty Lakhs or Average turnover/sales of last 3 years exceeds Rupees two crore.
Currently, the OPC structure is gaining popularity for solo entrepreneurs and small businesses due to its simplicity and compliance with OPC regulations. This business model provides limited liability and a straightforward online registration process, making it an attractive choice for those starting their ventures individually.
Choosing to establish an OPC is an ideal way to kickstart your Individual small-scale company in India. For assistance with OPC company formation, don’t hesitate to reach out to our team of experienced Chartered Accountants (CA) and Company Secretaries (CS).
One Person Company Registration Consultant Near You
We are your go-to consultants for quick and hassle-free One Person Company (OPC) incorporation in India. Our expert team of registration professionals is here to assist you in cities nationwide. Avail our OPC Registration package at a flat rate of Rs. 10,000, inclusive of all fees, with no hidden costs or advance payments. This comprehensive package includes:
- OPC Company Registration
- MoA and AoA of OPC
- Name Reservation Charges
- Government OPC Fees and Stamp Duty
- PAN Card of OPC
- TAN Card
- PF and ESIC Registration
- MSME Registration
- DIN of One Director
- Digital Signature of Director and Nominee
- OPC Bank Account Opening
- INC-20A Business Commencement
- ADT-1 Auditor Appointment
What Are the Documents Required for OPC Registration in India?
Document Checklist for One Person Company Incorporation Process
A. Owner’s (Shareholder Cum Director) Document:
- Aadhar Card or Election ID Card or Passport or Driving License (Any One)
- Photo
- Personal Saving Bank Account Statement/Passbook
- Mobile Number and Email Id
- Company Office Address – Latest Utility Bill (Electricity Bill/Telephone Bill, NoC)
B. Nominee Document:
- Any one ID Card of Nominee
- Address Proof of Nominee – Electricity Bill or Bank Statement/Passbook
- Photo
- Mobile and Email id
Minimum Requirement for Registering One Person Company in India
- Only one owner (sole member/shareholder) is needed.
- One Nominee Required for OPC.
- A minimum of one director is necessary for compliance and the day-to-day operations of the company.
- The director of the OPC must be a resident of India.
- The OPC company’s name must be unique and must ends with OPC Private Limited.
- Adherence to OPC company compliance is mandatory, including ROC filing and statutory audit.
Advantages & Restrictions of One Person Company (OPC)
Exploring the Advantages of OPC Registration:
OPC is a reputable and credible form of company.
The registration process is smooth, ensuring hassle-free completion within three days.
Suited for small-scale businesses, OPC offers simplicity and convenience.
Only a single person is required for the incorporation and management of an OPC.
Owners benefit from limited liability protection.
However, there are some Disadvantages of OPC, including:
- This limits the scope for expanding investment partners.
- OPCs are not allowed to invest in other companies.
- Mandatory conversion to a Private Limited company is required if the capital exceeds 50 Lakhs or the average three-year turnover surpasses 2 Crore.
Obtain Service for One Person Company Incorporation Process
Our OPC Specialist will connect with you for Complete briefing of One Person Company Registration, Process, Requirements, Benefits, Restrictions and Compliance. Thus, you can easily finalize decision of OPC Registration.
After that, you need to send us document of Member and Nominee as specified in checklist of OPC Registration. We will Initiate OPC Formation Process on receiving document.
Generally, Incorporation of OPC Required 3 Working Days. Within that timeline you will get your OPC Registered. We will handover all the documents with OPC Registration Certificate.
Routine & Annual Compliance Required for One Person Company
Upon successful registration of your OPC (One Person Company), it’s crucial to fulfill the following compliance obligations:
Promptly File ADT-1 for Auditor Appointment: Ensure completion within 30 days of incorporation. Note that you have the flexibility to appoint an auditor at a later stage without incurring penalties.
Timely Submission of INC-20A for Business Commencement: This filing must be done within 180 days of formation. Opening a bank account and depositing the subscribed share amount is a prerequisite.
Mandatory Statutory Audit: Compliance necessitates the completion of a statutory audit.
ROC Annual Filing through MCA Portal: This encompasses AOC-4, MGT-7, DPT-3 (if Required), Director DIN KYC, and any other applicable forms based on specific transactions.
Submission of Income Tax Returns.
Furthermore, be mindful of other event-driven compliance requirements and tax registrations like GST, TDS, PF, ESIC, etc. These obligations should be met as and when applicable, guided by the prevailing rules and regulations.
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Frequently Asked Questions on One Person Company
Generally OPC Incorporation Process Completes within 3 Days. Our Package of Rs. 10,000 includes all fees and charges for OPC Registration.
OPC required to mandatorily convert in Private Limited if Capital Cross the threshold of 50 Lakhs or Three Years Average Turnover Increased from 2 Crore Rupees.
Certainly, our One Person Company Registration Services span the entire landscape of India, covering both Tier 1 and Tier 2 cities. With our 24×7 Online Support Service, we are accessible whenever you need assistance. Our main service hubs include Kolkata, Lucknow, Chennai, Indore, Jaipur, Bengaluru (Bangalore), Ahmedabad, Surat, Pune, Hyderabad, Mumbai, Delhi, Kochi, Visakhapatnam, and Coimbatore. Additionally, our services reach across various states such as Telangana, Himachal Pradesh, Bihar, Nagaland, Jharkhand, Madhya Pradesh, Uttarakhand, Gujarat, Odisha, West Bengal, Punjab, Sikkim, Haryana, Rajasthan, Uttar Pradesh, Assam, Chhattisgarh, Jammu and Kashmir, Mizoram, Meghalaya, Arunachal Pradesh, Karnataka, Maharashtra, Andhra Pradesh, Tamil Nadu, and Kerala. Connect with us seamlessly for OPC Registration assistance in any of these diverse locations!