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FINANCIAL & TAX ADVISORY SERVICES CORPORTE COMPLIANCES

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Incorporation of One Person Company (OPC) in India

Ideal if your business is small and Managing by Single Person

  • Many advantages, Single Person manage, Less Compliances with ROC and Minimum Fees
  • Incorporation in 2 days | Include Share Certificate, MOA/AOA, DSC, DIN, PAN & TAN, etc
  • Eligible to apply for Startup India Recognition & Tax Exemption
  • Free Post incorporation consultation

Why One Person Company is better choice for you?

When you do not have any Partners, A SINGLE person can form a Private Limited Company with One Nominee

OPC is also treated as a Private Limited Company and Eligible for Startup Registration apply as well

The concept of One Person Company (OPC) is introduced with Companies Act, 2013. Any one person who is an Indian citizen and resident in India is eligible to incorporate One Person Company. This form of company formation is perfect replacement for sole proprietorship model of businesses and eligible to apply for StartupIndia Recognition, Bank credit facilities and more preferences than a informal business of sole proprietorship.

OPC is fit for a small business running independently. Appointment of One Nominee is must ( Indian Resident age not less than 18 years). an OPC Can have more than one directors, but the shareholder limited to one person only.

Documents Requirement for

Our Service Coverage

After Company incorporation, you will receive below documents 

  • Company Certificate of Incorporation
  • Memorandum of Association & Article of Association (MOA & AOA)
  • PAN Card and TAN Allotment
  • EPF & ESI Registration
  • Digital Signatures (Class 2)
  • Directors Identification Number (DIN)
  • Assist in Bank A/c Opening
  • Professional Tax Registration (if required)
  • GST Registration (Optional)

OPC Registration Procedure in India

  • Documentation & Finalise Name First we collect documents and then send you few papers for your signature on email. Then we collect scan copy of Signed Papers from you on email. Side by side we finalise 2 proposed name of company #We can complete this in day 1
  • DSC apply Meanwhile we apply for Digital Signatures of all directors/shareholders. #We can complete this in day 1
  • Incorporation Filing In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA.
  • Company Approved Generally ROC approve incorporation application in 1-2 days. Once your application approved, you will get certificate, PAN, TAN etc.

Features of One Person Company (OPC)

  • Single Shareholder and Director can be same person.
  • Maximum 15 Directors allowed
  • 1 Nominee is mandatory ( Indian Resident)
  • Eligible to apply for Startup Recognition
  • Annual Statutory Audit compulsory by Practicing CA
  • Annual ROC Filing Mandatory
  • Income Tax rate @ 22% on net profit
  • Separate Legal Entity and Limited Liability
  • A person can be member in only one OPC. Means a Person can not form more than one OPC.
  • IF OPC crosses a turnover of over Rs 2 crores or has a paid-up capital more than Rs 50 lakhs. It must be converted into a private or public within 6 months.
  • Business ownership control by single person.

Pre-requisite for OPC Incorporation

  • Proposed Company name must be unique. The suggested name should not match or identical with any existing companies or trademarks in India. # We help here to choose name.
  • All Proposed Directors must have Active DIN
  • Digital Signature for proposed Directors/Shareholders
  • Decide Paid-up Share Capital and share % between Shareholders
  • Decide Authorised Share Capital. ROC Fee & Stamp duty based on Authorised Capital. Low Capital - Less Govt Fee.
  • Decide Company Registration State and Office address
  • Decide Bank Authorised Signatory and Bank name to open your account (as per available banks)

What are the various Compliances you need to do post incorporation of a OPC

An OPC is also a Private Limited company. So, apart from other statutory compliances like GST, InCome Tax, etc., it must comply below without any delay.

  • File Commencement of Business (COB) e-form INC 20A within 180 days of incorporation.
  • Appointment of an Statutory Auditor ( Practicing Chartered accountant) for Auditing Books of accounts and issue audited Annual Financial Statement.
  • Filling of ROC Annual Forms
  • Filing of Director e-KYC

The above compliances related to the provisions of Companies Act. If it a Startup Comoany then keep additional expenses approx Rs 40-50K for annual audit and ROC filings.

How We Proceed

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  • Either pay Online OR Through NEFT/RTGS/Cheque
  • EMI facility available on online payment above Rs. 5000/-
  • Get Payment Confirmation on SMS and acknowladge on Email.

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Our consultant shall call you on success payment to start the process.
You shall receive mail for documents requirement

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PKS Corporate Services Private Limited is a company providing best services related to Accounts, Audit, Outsourcing, Finance and Taxation to Corporate and Non Corporates by qualified Chartered Accountants, Company Secretaries, Corporate Financial Advisors and Tax consultants

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