Tax Unbound

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.

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Service Price options:

Beginner

From ₹15,490

✅ 1 Digital Signature Certificates (DSC Class 3)

✅ 1 Director Identification Numbers

✅ 1 Name Approval

✅ Stamp duty on INR 1 Lakh Authorized Capital

✅ Filling all forms including SPICe+ (Part A,B), AGILE Pro, AOA,MOA for company incorporation

✅ DIR-2 Consent draft Letter (declaration for director appointment)

✅ NOC Draft letter (required from owner for rented accommodation)

✅ Issue of Incorporation Certificate, MOA, AOA

✅ Issue of PAN & TAN no. of Company

✅ Issue of EPF (Employee Provident Fund) & ESIC (Employee State Insurance Corporation) Registration – Mandatory

✅ Issue of Professional Tax Registration (In case state is Maharashtra) – Mandatory

✅ 8-10 Working Days Delivery time

Standard

From ₹16,580

✅ 1 Digital Signature Certificates (DSC Class 3)

✅ 1 Director Identification Numbers

✅ 1 Name Approval

✅ Stamp duty on INR 1 Lakh Authorized Capital

✅ Filling all forms including SPICe+ (Part A,B), AGILE Pro, AOA,MOA for company incorporation

✅ DIR-2 Consent draft Letter (declaration for director appointment)

✅ NOC Draft letter (required from owner for rented accommodation)

✅ Issue of Incorporation Certificate, MOA, AOA

✅ Issue of PAN & TAN no. of Company

✅ Issue of EPF (Employee Provident Fund) & ESIC (Employee State Insurance Corporation) Registration – Mandatory

✅ Issue of Professional Tax Registration (In case state is Maharashtra) – Mandatory

✅ GST Registration

✅ 10-15 Working Days Delivery time

All inclusive

From ₹17,700

✅ 1 Digital Signature Certificates (DSC Class 3)

✅ 1 Director Identification Numbers

✅ 1 Name Approval

✅ Stamp duty on INR 1 Lakh Authorized Capital

✅ Filling all forms including SPICe+ (Part A,B), AGILE Pro, AOA,MOA for company incorporation

✅ DIR-2 Consent draft Letter (declaration for director appointment)

✅ NOC Draft letter (required from owner for rented accommodation)

✅ Issue of Incorporation Certificate, MOA, AOA

✅ Issue of PAN & TAN no. of Company

✅ Issue of EPF (Employee Provident Fund) & ESIC (Employee State Insurance Corporation) Registration – Mandatory

✅ Issue of Professional Tax Registration (In case state is Maharashtra) – Mandatory

✅ GST Registration

✅ MSME Registration

✅ 10-15 Working Days Delivery time

Preliminary Documents Checklist

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Photographs of Directors & Shareholders
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PAN Card of Directors & Shareholders
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ID Proof of Directors

Driving License/ Passport/ Voter ID

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Proof of Place of Business

Electricity Bill, Municipal Tax Receipt, Rent Agreement or Lease Agreement

Document Checklist Image for Company Incorporation
Sole Proprietorship process brief

Process Brief

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We Obtain DSC & Reserve your Company name
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Online Application with submission of MOA & AOA
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Get Incorporation Certificate
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PAN & TAN is obtained later

Key Benefits

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Helps in forming separate legal entity
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Required No mininum capital
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Owner & Shareholder has limited liabilities
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Helps in building Company Credibility
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Minimum Compliances compared to Pvt. Ltd.

Compliances of One Person Company

GST Returns compliance for Sole Prop.

GST Returns

Monthly, Quarterly & Annual GST Returns are required to be filed for those who have opted for GST Registration and who crosses required thresholds.

Bookkeeping & Accounting

Bookkeeping records are required to be prepare in order calculate the exact profit and loss of the business. However not mandatory, but beneficial.

Income tax compliance for Sole Prop.

Income Tax Returns & Audit

Income 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.

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ROC Annual Filing & Compliance

OPC are required to do annual filings with Register of Companies (ROC) & need to get Audited and follow regular compliance.

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Statutory & MAT Audit

Irrespective 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.

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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.

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.

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.

DIN, Director Identification Number, is a unique 8 digit number required by any person proposed to be a Director in the Company.

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.

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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