Gupta Pawan & Co. offers comprehensive services for registering a One Person Company (OPC). As a single-member entity, OPC allows entrepreneurs to enjoy the benefits of limited liability and a separate legal identity while maintaining full control over the business. Our team handles the entire registration process, from name approval and document submission to obtaining the Certificate of Incorporation. We ensure smooth compliance with all statutory requirements, allowing you to focus on growing your business. Trust Gupta Pawan & Co. for hassle-free OPC registration and expert guidance.
OPC Registration
OPC (One Person Company) registration is a process that allows a single individual to form a company with limited liability, offering the benefits of both a sole proprietorship and a corporation. It provides the entrepreneur with a distinct legal identity, protection of personal assets, and a simplified regulatory framework. The process involves choosing a unique company name, submitting required documents, and obtaining a Certificate of Incorporation from the Ministry of Corporate Affairs. OPC is ideal for small business owners or professionals who wish to establish a formal business structure while maintaining full control.
OPC Registration fees
The fees for OPC (One Person Company) registration in India can vary based on factors like the state of registration, the professional service provider, and the authorized share capital. However, the general breakdown of fees for OPC registration is as follows:
- Director Identification Number (DIN): ₹500 to ₹1,000 (if not already obtained).
- Digital Signature Certificate (DSC): ₹1,000 to ₹2,500 per DSC.
- Name Approval Fees: ₹1,000 to ₹1,500 (via the Ministry of Corporate Affairs).
- Incorporation Fees: Based on the authorized share capital:
- For authorized capital up to ₹1 lakh: Around ₹4,000 to ₹7,000.
- For authorized capital between ₹1 lakh and ₹5 lakh: Around ₹7,000 to ₹10,000.
- For authorized capital above ₹5 lakh: Higher fees apply, depending on the share capital.
- Professional Fees (if availing services of a chartered accountant, company secretary, or legal expert): ₹3,000 to ₹10,000 or more, depending on the complexity of the case.
In total, the cost for registering an OPC in India generally ranges between ₹7,000 and ₹15,000, excluding any additional services or professional fees.
It’s important to note that fees are subject to change based on government policies and service providers. Always check the latest fee structure with the Ministry of Corporate Affairs or your service provider.
OPC Registration process
1. Obtain Digital Signature Certificate (DSC)
Before applying for OPC registration, the sole director and shareholder must obtain a Digital Signature Certificate (DSC), which is used for signing electronic documents.
- Timeline: 1-2 days
- Documents required: Aadhar card, passport-sized photograph, and address proof.
2. Obtain Director Identification Number (DIN)
The proposed director of the OPC must obtain a Director Identification Number (DIN), which is mandatory for all directors in India.
- Timeline: 1-2 days
- Documents required: PAN card, Aadhar card, and proof of address.
Note: If the director does not already have a DIN, it can be obtained during the registration process via the SPICe+ (Simplified Proforma for Incorporating Company Electronically) form.
3. Name Approval Application
The next step is to apply for name approval of your OPC with the Ministry of Corporate Affairs (MCA). You can suggest one or two names for your company, and the MCA will approve or suggest alternatives.
- Timeline: 1-2 days
- Documents required: Preferred names for the company and supporting documents, such as the rationale for choosing the name.
4. Prepare Documents for OPC Registration
Once the name is approved, you need to prepare the necessary documents for registration. The key documents are:
- Memorandum of Association (MOA): Defines the company’s objectives.
- Articles of Association (AOA): Defines the rules for governance.
- Consent to act as director (Form DIR-2).
- Identity proof and address proof of the sole director.
- Registered office proof: Utility bills or rent agreement in the name of the director, along with NOC from the owner (if rented).
5. Filing the Incorporation Forms (SPICe+ Form)
The next step is to file the SPICe+ form (Simplified Proforma for Incorporating Company Electronically) with the MCA. This form is a comprehensive document that covers multiple aspects of company registration, including:
Details of the company (name, address, etc.)
Director and shareholder details
Consent forms
MOA and AOA documents
Timeline: 5-7 business days
Documents required: As mentioned above.
6. Issuance of Certificate of Incorporation
Once the MCA processes your application and verifies all the documents, they will issue the Certificate of Incorporation (COI), which marks the official registration of your OPC.
- Timeline: 7-10 days (after filing the SPICe+ form)
- Outcome: After this step, your OPC is officially incorporated and can start its business activities.
7. Post-Incorporation Formalities
After incorporation, the following formalities need to be completed:
- Apply for PAN & TAN: You will need to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your OPC.
- Open a Bank Account: Open a bank account in the name of the company with the Certificate of Incorporation, PAN, and other documents.
- Comply with GST Registration (if applicable): If your business crosses the prescribed turnover threshold or deals with inter-state supply, GST registration is mandatory.
Conclusion
Registering a One Person Company (OPC) is a great option for solo entrepreneurs looking to formalize their business with the benefits of limited liability and a separate legal identity. The process involves obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN), selecting a unique company name, and filing the required forms with the Ministry of Corporate Affairs. Once the company is incorporated, the entrepreneur gains the flexibility of sole ownership while ensuring legal protection. OPC registration is straightforward, cost-effective, and ideal for individuals who wish to operate as a corporation with minimal complexity.
Contact us today for OPC Registration