Apply for One Person Company Registration
Get the One Person Company Registration seamlessly.
One Person Company Registration Services
About One Person Company
A One Person Company (OPC) in India is one of the easiest corporate entities to manage. It is a hybrid structure that combines the benefits of a Sole Proprietorship and a Corporate entity. OPCs benefit from various concessions in compliance requirements under the Companies Act, making the compliance process simpler than that for a private company. Additionally, OPC registration is a straightforward and cost-effective process.
OPC registration offers new business opportunities for sole proprietors and entrepreneurs, providing the advantages of limited liability and a separate legal entity. It eliminates the need to find a business partner, as the company requires only one person to act as the member, shareholder, and director.
Know More: Advantages and Disadvantages of an OPC
One Person Company (OPC) Registration Fees:
The government fees for registering an OPC in India depend on the nominal share capital of the company. For example:
- For an OPC with a share capital of INR 10,00,000, the government fees are INR 2,000.
- For an OPC with a share capital ranging from INR 10,00,000 to INR 50,00,000, the base fee is INR 2,000, with an additional INR 200 for every INR 10,000 or part thereof of the nominal share capital.
Additional costs for OPC incorporation may include DIN application fees, stamp duties, and form filing fees.
Choose your package
Transparent Pricing | Confidentiality Assured | Efficient delivery
Basic
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 2 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
Standard
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 2 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- GST Registration
Enhanced
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 2 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- GST Registration
- 1st Income Tax filing upto turnover of Rs. 30 Lakhs
- DIR 3 e-KYC of 2 Directors
- Company Seal
Documents Required
Passport-sized Photographs
PAN Card
Identity Proof
Utility Bill
Benefits of One Person Company Registration
General FAQ on PAN Application
1. What is an OPC?
An OPC is a company with just one member (you!). It essentially functions as a private limited company with all its characteristics. ([Companies Act, 2013, Section 2(62)])
2. Who can be an OPC member?
Any Indian citizen, resident or not, can form an OPC.
3. Does an OPC have perpetual existence?
Yes. Even if you pass away or become incapacitated, the company can continue under your appointed nominee.
4. Do I need a nominee?
Yes, appointing a nominee to take over as the sole member in your absence is mandatory.
5. Can I be a member of multiple OPCs?
No, you cannot be a member of more than one OPC at a time. The same applies to being a nominee.
6. What if I become a member of two OPCs?
If this happens (e.g., by becoming a nominee in one), you must resign from one OPC membership within 180 days.
7. Can minors be involved in OPCs?
No, minors cannot be members, nominees, or hold shares with beneficial interest in an OPC.
8. Is there a minimum capital requirement for conversion?
No, there’s no minimum capital threshold for converting an OPC to a public or private company.
9. Are there any exceptions for OPCs?
Yes, OPCs are exempt from preparing and disclosing cash flow statements.
10. Are there any restrictions on OPCs?
- OPCs cannot be converted to Section 8 companies (companies with social objectives).
- They cannot engage in non-banking financial activities like investing in securities of other companies.
11. What are the annual compliance requirements?
- Hold at least two board meetings per year, with a maximum gap of 90 days between them.
- File annual financial reports (AOC-4) within 180 days of the financial year closing.
- File annual returns (MGT-7A) within 60 days of the AGM (not mandatory for OPCs) or 6 months from the financial year end.
- File income tax returns by October 31st of the following year.
- File tax audit reports (if applicable) by September 30th of the following year.
12. Do OPCs require AGMs?
No, holding annual general meetings (AGMs) is not mandatory for OPCs.
13. Who signs the annual return if there’s no AGM?
The company secretary or a director can sign it.
14. What is Form INC-4?
This form is used when the nominee takes over as the sole member due to your death or incapacity. File it within 30 days with the nominee’s written consent.
15. How do I convert an OPC to a private/public company?
- Increase the minimum number of members and directors as required for the company type.
- Maintain the minimum paid-up share capital as per the Act.
- File Form INC-6 for conversion.
Still have questions?
Contact info@Taxpertconsultants.com today for a free consultation and expert guidance on your PAN application!
Call: +917008853241 Email: info@taxpertconsultants.com