One Person Company Registration What it means? One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. It is a form of a company where the compliance requirements are lesser than a private company. Service Price options: Beginner From ₹11,490 From ₹4,500 Includes: Professional fees, Filling all forms for company incorporation; PAN & TAN application. Does not Include: DSCs, Name Approval, Stamp duty fees, PAN TAN application fees & any other Govt. fees as applicable. Request Quote Standard From ₹12,590 From ₹5,500 Includes: Professional fees, Filling all forms for company incorporation; PAN & TAN application, GST Registration. Does not Include: DSCs, Name Approval, Stamp duty fees, PAN TAN application fees & any other Govt. fees as applicable. Request Quote All inclusive From ₹13,590 From ₹6,500 Includes: Professional fees, Filling all forms for company incorporation; PAN & TAN application, GST Registration, MSME Registration Does not Include: DSCs, Name Approval, Stamp duty fees, PAN TAN application fees & any other Govt. fees as applicable. Request Quote Preliminary Documents Checklist Photographs of Directors & Shareholders PAN Card of Directors & Shareholders ID Proof of Directors Driving License/ Passport/ Voter ID Proof of Place of BusinessElectricity Bill, Municipal Tax Receipt, Rent Agreement or Lease Agreement Process Brief We Obtain DSC & Reserve your Company name Online Application with submission of MOA & AOA Get Incorporation Certificate PAN & TAN is obtained later Key Benefits Helps in forming separate legal entity Required No mininum capital Owner & Shareholder has limited liabilities Helps in building Company Credibility Minimum Compliances compared to Pvt. Ltd. Compliances of One Person Company GST ReturnsMonthly, Quarterly & Annual GST Returns are required to be filed for those who have opted for GST Registration and who crosses required thresholds. Bookkeeping & AccountingBookkeeping records are required to be prepare in order calculate the exact profit and loss of the business. However not mandatory, but beneficial. Income Tax Returns & AuditIncome tax returns needs to filed every year over taxable income. This may also require preparing Profit & Loss with Balance sheet & getting tax audit for business. ROC Annual Filing & ComplianceOPC are required to do annual filings with Register of Companies (ROC) & need to get Audited and follow regular compliance. Statutory & MAT AuditIrrespective of its sales turnover or nature of business or capital, all OPC must have its book of accounts audited each financial year. along with MAT audit. Didn't answer your question? Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Call us @+91 9870114333 Who can form a One Person Company? Indian citizen who are adult residents can start an OPC. As an Individual you cannot start more than one OPC, but you can be a part of other businesses. A minor however, can be neither member nor nominee in an OPC. Who is a nominee in a One Person Company? It is person nominated by the sole promoter of the OPC (One Person Company) who in the event of death of disability of the promoter shall assume his/her position. It is mandatorily prescribed in MOA of OPC. For an OPC to get mandatorily converted into either private or public company, is there a threshold preset? In case the paid up share capital of an OPC exceeds 50 lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public company. What is DIN? DIN, Director Identification Number, is a unique 8 digit number required by any person proposed to be a Director in the Company. What is Digital Signature? Why is it needed? Digital signature or DSC is equivalent to physical certification but it is relevant electronically. It is needed by concerned department in various forms which required to comply with digital signature. What is MOA and AOA? MOA stands for Memorandum of Association whereas AOA means Articles of Association. While incorporation a company such as Pvt. Ltd, both of these act as essential source of information for various shareholders & other stakeholders.MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of the Company. AOAs are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC). 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