One-person company registration, including government fee and stamp duty. Incorporation kit with share certificates.
With Dobizindia Business Solution, we offer end-to-end services for one-person company registration. This service is provided by our committed team of skilled, certified, and knowledgeable professionals. Who has been in this industry for over 18 years? For access to these services, all you have to do is join our healthy package that includes person-company registration accessible to you at the most affordable prices. You can also submit our online survey and provide all the documents we need. Our one-person company registration services are entirely online and are completed in a short time. We also provide free consultation from our legal experts, who can guide you through the process of OPC registration.
A "person company" is a company solely owned by one shareholder. As the sole shareholder, the OPC is a person who is an Indian citizen as well as a resident Indian. While, as its sole owner, the shareholder is entitled to take all the earnings and profits from the OPC, his liabilities to the company are limited to the unpaid part of the capital that he has subscribed. There is no minimum amount of paid-up capital required for the OPC to be established in India. But the Companies Act 2013 prescribes a maximum capital investment of Rs. 50 lacs as well as a maximum annual turnover of Rs. 2 crores to get OPC registration.
Important decisions are needed to begin a person company.
Of all the types of single-owned businesses available to you, registering a one-person company should be your go-to option! Take a look at this table to understand all of its registration benefits for you personally and all its other stakeholders, like directors and creditors, if your startup was set up as a one-person company in India.
One shareholder owns all the profits of their company and can claim all their earnings; limited liability limits their liability to just their capital investment, and there may even be easy credit facilities available to him or her. Banks and financial institutions prefer lending to legally registered entities; the incorporation process is easy and 100% online, providing for smooth management. An OPC gives one shareholder complete authority to make decisions and can continue indefinitely as long as their nominee remains.
Once-off Compliance Soon after forming a one-person company (OPC), its statutory compliances under the Companies Act as well as state registrations may need to be fulfilled within 60 days from incorporation. Our startup advisors can discuss in more depth any of the compliances listed below and their due dates.
| S.No | Names of Compliance | Due dates |
|---|---|---|
| 1. | The appointment of the first auditor | Within 30 days after incorporation |
| 2. | Issuance of a Share Certificate | Within 60 days after incorporation |
| 3. | Stamp Duty on a Share Certificate Filing INC-20A: Declaration for Business Beginning A company may not begin operations until this declaration has been submitted to the ROC on the prescribed form INC-20A within 180 days following incorporation. The following must be done before filing the INC-20A: | Certificates are valid for 30 days. |
| 4. | The company has a registered office address. The details of the registered office are filed with the ROC. The company's current bank account has been opened. Received the full subscribed capital from all shareholders. | In 180 days from incorporation |
| S.No | Registration/Enrolment Name | Due Date |
|---|---|---|
| Shops and Establishment Act (with Labour Department) | Within 30 Days of Incorporation | |
| The deposit of professional tax (applicable in a few states) | In the first 30 days following incorporation | |
| Trading Licence (based on the nature of business) | In the first 30 days following incorporation | |
| Registration under the Labour Welfare Fund (LWF) | It varies from state to state. | |
| Activity-Based Licence FSSAI Registration FSSAI Licence Drug Licence PSARA Licence | Prior to Starting Activities | |
| MSME Registration | ASAP |
The documentation required to be submitted for OPC registration in India is classified into the official documents of the director applying for the registration. as well as the documentation of the office space, and finally, the corporate documents themselves. Below is a detailed listing of all the necessary documents that need to be submitted for OPC registration. If you fail to submit all these documents, it may result in the denial of the application to the OPC registration ROC.
| list of documents | list of documents | list of documents | list of documents |
|---|---|---|---|
| Documents of the director applying to be | Passport-size colour photograph | Pan Card | Identity Evidence: (any one document) |
| Passport | Voter ID | Driving Licence | Aadhar Card |
| Address Evidence: (any one document) | Telephone Bill | Gas Bill | Electricity Bill |
| Bank statements not older than 2 months | The documents for the registered business address | Address proof | Telephone bill |
| Electricity bill | Water Bill | Gas bills that are not more than two months | There is no objection certificate (NOC) from the owner. |
| NoC download format | Legal Draughts | Memorandum of Association | Articles of Association |
| SSC Sheet for Signed Subscribers | SSC Sheet for Signed Subscribers | Questionnaire for Company Registration |
A person company is a sole-owner company that is like a proprietorship company. But unlike a proprietorship, The responsibility of the sole shareholder of an OPC is restricted to the amount of unpaid capital the shareholder has signed up for. Furthermore, unlike a proprietor, an OPC's sole shareholder is not involved in the administration of the business since managing the company is directed by the director, who is chosen from the shares of the owner. We have compiled a thorough and comprehensive chart of comparisons of all kinds of companies to give you a greater understanding.
An OPC is inherited by any nominee for the shareholders following his death or demise. Every next owner of an OPC must select an individual nominee within the first 24 hours; after that, he has the title of the OPC. A person cannot be appointed a nominee until they have given their consent to be one. The nominee's agreement, together with the notification of appointment, should be sent to the Registrar of Companies in Form INC 3.
The OPC could be able to achieve an annual turnover of Rs. 2 crore. When the limit for turnover is higher than this limit, the OPC will need to be changed to an open or private limited company.
The nominee for OPC's shareholder should be an individual who is an Indian native as well as an Indian citizen. which signifies that no non-Indian individuals, non-resident Indians, or bodies corporate may be named as nominees for an OPC
Limited liability means that the shareholder or owner of the OPC will not be personally responsible for settling the outstanding debts and obligations of the business. Furthermore, his obligation to the company is limited to the unpaid part of the capital that he signed up for.
To be eligible for one-person company registration in India You must first meet certain requirements, according to the Companies Act 2013. These requirements are related to the ownership number, the number of directors, the name of the address, the capital, and the name of the business. If you do not meet these requirements, it is not possible to proceed with OPC incorporation in India. The complete list of requirements has been listed as follows: Checklist to help with OPC registration There is only one shareholder who is an individual living in India and an Indian citizen.
One-person company registration in India is required by the Companies Act, 2013. The process for online OPC registration starts by applying with the Registrar of Companies, along with the required documents. The application may be verified by any member of the business using the digital signature certificate. When the application is submitted, the registrar will review it thoroughly. If he is satisfied with the application as well as the documents submitted. He will be able to register for OPC and issue the Certificate of OPC Registration online in less than one week.
Documentation plays a crucial role in OPC registration. The principal documents for the director who is applying, such as PAN and ID proof and proof of address, are required to be presented along with recent utility bills, such as a water bill, electricity bill, or phone bill for the business address registered, and an official certificate from the owner of the property. The list of required documents to be submitted for OPC registration is provided below for your convenience.
It is important to note that the requirements for a suitable name for a business are outlined in the Companies Act, 2013. A company's name must be distinctive and not be the same as the name of a company or LLP. Additionally, it must not be like any registered or applied trademark. Because it is the case that an OPC can be registered under the name of a private limited corporation. Its name cannot include words that show that it is a patron of the government and is "undesirable" according to the view of the government. To find out if there are suitable names, you may sign up for the Name Search service.
DSC can be described as the digital counterpart of a physical signature. It is issued under the Information Technology Act. To be eligible for one-person company registration, the application that is filed using the ROC must be authenticated by the director of the company who applied for it with a digital signature certificate only. So, we can conclude that the procedure for filing applications for OPC registration begins with the creation of the signature of the director who is applying for registration for the company.
If you've chosen an appropriate company name for your "person company, you will need to register it through the Office of the Registrar of Companies. To do this, you may either submit the RUN application or Part A of the SPICe+ application to apply for OPC registration. The RUN application offers two possibilities for resubmission after the names suggested in the application are invalid. PART A part of the SPICe+ application provides only one possibility of resubmission, even if the names suggested in the application are invalid. Two names can be proposed for each application, in RUN and SPICe+ Part A.
After approval that the OPC's name is approved, the applicant will then be able to begin to apply for OPC registration. which is available in Part B. SPICe and application? It is required to provide basic information about the OPC, which includes its address, name, and DIN of directors and shareholders, as well as the names of all shareholders. the capital of the company, planned business operations of the business, etc. After you have filled in the necessary information, you can upload the required documents to support the application and then sign the application with the director's DSC. The application should be submitted to the Registrar of Companies.
The last step in the OPC registration is the issuance of the Certificate for OPC Registration following confirmation of all information provided and the documents attached to the application. This certificate given by the OPC is conclusive proof that the ROC has completed the single-person registration of a company online. Alongside this Certificate of OPC Registration, the ROC also issues an ID Number for Corporate to the OPC to ensure its identity.
After receiving your Certificate of Registration, the Department of Income Tax allots the PAN and the TAN for the OPC. These documents are needed to meet tax-related compliance requirements. Too, while PAN is required for the payment of income tax and the filing of the ITR form, TAN is the part that allows OPCs to collect and deduct taxes at the source. It is important to note that the PAN along with the TAN numbers appear on the OPC registration certificate. OPC registration is given to the OPC, and, following that, the e-Pan and e-Tan documents are sent to the email address of the user.
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
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