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One Person Company registration including Government Fee & Stamp Duty*. Incorporation kit with share certificates.
About this Service :
| Market Price | : |
| IGLI FINANCIAL | : ₹6299 excl.GST |
| : ₹6799 incl.GST | |
| GST Credit | : ₹500 |
| You Save | : ₹3700(37%) |
One Person Company in India is a new concept that has been introduced with the Company’s Act 2013. One Person Company in India is incorporated by a single person. Before the enforcement of the Companies Act 2013 a single person was not able to establish a company. An OPC has features of a Company and the benefits of the sole proprietorship. Earlier if a person had to establish a business then he or she should only opt for a sole proprietorship.
According to Section 2 (62) of the Company’s Act 2013, a company can be formed with just 1 director and 1 member. One Person Company registration in India is a type of entity where there are lesser compliances requirements than that of a Private Limited Company.
A One Person Company Registration in India can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.
Disadvantages of OPC
While OPC has some amazing benefits, it also has some shortcomings.
Step 1: Get DSC
The proposed Director should apply for a Digital Signature Certificate (DSC). This is essential to sign any digital documents starting from the OPC application forms. It also protects your data online and will be needed for submitting various government documents.
DSC is issued by certain agencies called “Certifying Authorities” (who are approved by the government). You can visit the website of any of these authorities and apply for the DSC. Or you can get it done along with the entire OPC registration procedure with eAuditor office
You will need the proposed Director’s PAN card, Aadhaar card, photo, phone number, and email ID to apply for the DSC.
Step 2: Get DIN
You have to register as a new user in the MCA portal to apply for OPC registration online through a form called SPICe+. It is an integrated web form that allows you to finish the entire process in one place.
Every Director of the company must have a DIN. Director Identification Number (DIN) can be applied through the SPICe+ Form. This will be available to you once you have logged in to the MCA portal.
Step 3: Apply for name reservation
Before applying for incorporation, the proposed name of the company must be reserved. It can be done through Part A of SPICe+ form and it allows one preferred name along with its significance for you/your business.
Remember the following while choosing the name of the company:
The name of the OPC will be suffixed with “(OPC) Private Limited”.
It shouldn’t contain words/phrases that are prohibited under the Emblems and Names Act of 1950.
It shouldn’t be identical or confusingly similar to the existing trademarks.
It shouldn’t be the same as any other registered companies name. Check for availability of the name through the MCA portal to see if the proposed name or something similar has already been taken.
If the name isn’t approved you have to apply with another proposed name. Once approved you can move to the next step.
Step 4: Document preparation
Documents like MoA, AoA, nominee & Director consent form, etc needs to be prepared. IGLI will take care of all these for you and guide you through the process.
Step 5: Submitting the application for incorporation
Once the name is approved and the documents are ready, you need to complete the rest of the application (Part B of the SPICe+ form) for incorporation. Part B is where you need to provide all the details related to the company and attach documents like the MoA and AoA.
You also need to submit the AGILE form (which is linked to the SPICe+ form) to register under GST,ESI,PF and opening bank account.
Step 6: Incorporation
Once all the documents are in place, they can be attached to the SPICe+ Form along with the DSC of the Director and submitted. Once approved by the RoC you will receive the Incorporation Certificate along with PAN and TAN.
The whole registration, starting from obtaining DSC and DIN for the directors, can be completed in approximately 10 days. However, it can vary based on your promptness and departmental approval.
A person can be a member of only one OPC at any given time.
There was a mandatory requirement to convert after a certain threshold. However, those provisions have been revised and it’s no longer necessary.
Yes, you can convert your OPC into a private limited company. IGLI FINANCIAL can make the conversion smooth and easy for you.
Yes, you can convert an OPC into an LLP provided you get another person to act as a Designated Partner along with the existing sole owner.
For a person to be a member or nominee of OPC, they have to be a natural person who is an Indian citizen whether resident in India or otherwise
The following people cannot form an OPC: A minor A foreign citizen An individual who is incompetent to enter into a contract
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