One Person Company Registration (Limited Period Offer)
all-inclusive
1 DIN, 1 DSC, MOA, AOA, Name Approval, Government Fees, PAN, TAN, Post Incorporation Support
* Prices are higher for registrations in Kerala, Madhya Pradesh and Punjab on account of higher stamp duty.
One Person Company
The latest form of business introduced by Companies Act, 2013 is “One Person Company”, which is a parallel and more structured form of Proprietorship. It requires only one member to create this company and at the same time it has a separate legal entity, offers limited liability protection and enjoys stability and continuity of business. Every OPC has to mandatorily nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. An OPC 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.
Advantages
Legal Entity
A company is a legal entity and a juristic person. It has wide legal capacity and can own property.
Limited Liability
The Directors or Shareholders of the company have no personal liabilities.
Lesser compliance
One Person Company also gets freedom from complying with many requirements as normally applicable to other private limited Companies.
Single Owner Control
Complete control over the company by a single owner is a rare combination. This leads to fast decision making and execution.
OPC Registration Process
It usually takes 10-15 days to incorporate an OPC through INC 29 (A single application for Reservation of Name, Incorporation of Company and Allotment of DIN), subject to ROC processing time.DSC Application
1-3 working days
INC-29 Filing
PAN & TAN Applications
PAN & TAN Applications
1-3 working days
Comparing Private Limited Company, LLP and OPC
Factors of Comparison
- Minimum Requirement
- Minimum Capital
- Regulator
- Compliance Requirements
- Taxation
- Credibility
- Investor Preference
- Statutory Audit
- Conversion
- Time Taken for Registration
- Procedure
Private Limited Company
- Members – 2 Directors – 2
- No minimum requirement
- Registrar of Companies
- Annual Return Filing Board Meetings & General Meetings
- Taxed at 30%
- High
- High
- Compulsory
- Can be converted into LLP
- 15 – 20 Days
- Obtain DSC (Digital Signature Certificate)
INC-29 Incorporation Filing
PAN, TAN Applications
One Person Company
- Member – 1 Director – 1 Nominee of Sole Member – 1
- No minimum requirement
- Registrar of Companies
- Annual Return Filing No Board Meetings, if only one director No General Meetings
- Taxed at 30%
- Medium
- Low
- Compulsory
- Cannot be converted before 2 years
- 10 – 15 Days
- Obtain DSC (Digital Signature Certificate)
INC-29 Incorporation Filing
PAN, TAN Applications
Limited Liability Partnership
- Designated Partners – 2
- No minimum requirement
- Registrar of Companies
- Annual Return Filing
- Taxed at 30%
- Medium
- Medium
- If Contribution
- Cannot be directly converted into a Private Limited Company
- 15 – 20 Days
- Obtain DSC (Digital Signature Certificate)
Obtain DPIN (Designated Partner Identification Number)
Name Approval
Filing for Incorporation
File LLP Agreement
PAN, TAN Applications