OPC (One Person Company)

Pricing

RS 9999

(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.

BASIC

RS 19999

(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.

STANDERED

RS 29999

(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.

PREMIUM

About OPC (One Person Company )

Under section 2(62) of companies act 2013 a new concept was introduced and that was one person company which has only one person as a member. One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. But, OPC cannot be incorporated or converted into Section 8 Company (i.e. company with charitable objects, etc.) or carry out non-banking financial activities, including investment in securities of any body corporate.

An Indian resident (i.e. have stayed in India for at least 182 days during the immediately preceding FY) can incorporate OPC. However, one of such person cannot form more than one OPC.

SEPARATE LEGAL ENTITY

OPC is a separate legal entity and capable of doing everything that an entrepreneur would do.

MORE OPPORTUNITIES, LIMITED LIABILITY

One of the advantages of One Person Company is that it has more opportunities, limited liability since the liability of the OPC is limited to the extent of the value of the share you hold, the individual could take more risk in business without affecting or suffering the loss of personal assets. It is the encouragement to new, young and innovative start-ups.

TAXATION

Any remuneration paid to the director will be allowed as deduction as per income tax law, unlike proprietorship. Other benefits of presumptive taxation are also available subject to income tax act.

EASY FUNDING

OPC can raise funds through venture capital, financial institutions, angel investors, etc. An OPC can raise funds thus graduating itself to a private limited company.

BENEFITS

An OPC can avail the various benefits provided to Small Scale Industries like the lower rate of Interest on loans, easy funding from the bank without depositing any security to a certain limit, manifold benefits under Foreign Trade policy and others. All these benefits can be boon to any business in initial years.

CREDIT RATING

The OPC with bad credit rating may even get the loan. The credit rating of OPC will not be material if the rating of OPC is as per norms.

MINIMUM REQUIREMENTS

DOCUMENTS REQUIRED FOR REGISTRATION

REGISTERED OFFICE PROOF

Process

Name Approval Application

DSC (Digital Signature)

Apply For DIN (Director Identification Number)

FORM SPICE (INC-32) MOA (INC-33), AOA (INC-34), AGILE

Certificate Of Incorporation

PAN and TAN application

Commencement of Business (INC-20A)