One person company

OPC is a company as the name suggests which can be incorporated with only one person acting as director / shareholder of the company, both can be the same person. This is the form of a company which combines the benefits offered by a sole proprietorship and a duly incorporated Limited Company. Under OPC, Nominee is to be appointed at the time of incorporation, to act for the company in the event of death of the member.

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Service Overview

OPC is a company as the name suggests which can be incorporated with only one person acting as director / shareholder of the company, both can be the same person. This is the form of a company which combines the benefits offered by a sole proprietorship and a duly incorporated Limited Company. Under OPC, Nominee is to be appointed at the time of incorporation, to act for the company in the event of death of the member.

Cost of Digital Signature, Government Fees and Stamp Duty, if any, is payable by the client in addition to the Professional Fee being charged by indian MSME Helpline.

Our Package includes the followings:
  • GST Registration
  • MSME Registration (Complimentary)
  • Director Identification Number: one
  • Current Account Opening
  • Name Approval
  • Incorporation Certificate
  • ESIC & EPF Registration
  • PAN & TAN

Brief Process

  • Step-1: Foremost step is to apply for name reservation of proposed company via Form SPICe –Part A.
  • For name approval, the main division of industrial activity code and summary of objects to be pursued by the proposed company are to be described along with 2 proposed names to be entered in Form SPICe –Part A. 
  • Step-2: Apply for Digital Signatures (DSCs), these are mandatory requirement to the incorporation forms, which are to be filled and uploaded online on MCA Portal.
  • Step-3: Once the name of the company is approved (reserved), other forms are to be filled in and uploaded within 20 days of receipt of the name approval letter.
  • Other forms include filling of Form SPICe –Part B, AGILE, e-MOA and e-AOA.
  • Step-4: Upon Completion of forms, these are to be digitally signed and uploaded on MCA Portal
  • Step-5: Once forms are uploaded, challan is to be paid as fee for Application of PAN and TAN, and fee for stamp duty which differs from state to state in which the company is being incorporated.

FAQ

No, no such requirement has been mentioned under any law to act as director or shareholder of the company. Any person, being an individual with a sound mind, can start the company.

Any person being individual who is an Indian citizen and resident in India andis major shall be eligible to act as a member and nominee of an OPC.

As per Current laws, any person who is 

  • Of sound mind

  • Major in age

  • Citizen or resident in India

  • Qualifies under the provisions of the Companies Act,2013

DINis the Director's Identification Number, issued by the Registrar of Companies (RoC). This is a unique number being assigned to any person who is a director in a company or was a director in previous years. It usually takes 3-4 days to get DIN. Once DIN is allotted, it can be used for the lifetime of the director.

The Registered Office of the company is not to be mandatorily owned by any of the directors or the shareholders of the company, it can be incorporated on the rented premises also. 

The registered office is being used for the purpose of holding general meetings, keeping records and for future correspondence for communications by all the statutory government timely. 


Yes, it can be easily changed upon completion of the defined protocol. Changed address can be within the same state or different state, depending upon the conditions.

Yes, sole proprietorship business can be converted into Company upon completion or protocols as defined in Companied Act, 2013

The Ministry of Corporate Affairs has introduced a new form called the SPICe. Along with this AGILE, e-MOA and e-AOA are to be filed.


The procedure is as follows:

  • Step-1: Foremost step is to apply for name reservation of proposed company via Form SPICe –Part A.

  • For name approval, the main division of industrial activity code and summary of objects to be pursued by the proposed company are to be described along with 2 proposed names to be entered in Form SPICe –Part A. 

  • Step-2: Apply for Digital Signatures (DSCs), these are mandatory requirements to the incorporation forms, which are to be filled and uploaded online on MCA Portal.

  • Step-3: Once the name of the company is approved (reserved), other forms are to be filled in and uploaded within 20 days of receipt of the name approval letter.

  • Other forms include filling of Form SPICe –Part B, AGILE, e-MOA and e-AOA.

  • Step-4: Upon Completion of forms, these are to be digitally signed and uploaded on MCA Portal

  • Step-5: Once forms are uploaded, challan is to be paid as fee for Application of PAN and TAN, and fee for stamp duty which differs from state to state in which the company is being incorporated.

Yes, whether it is newly incorporated or an established OPC, it is the mandatory compliance to have the company's account audited. Non- compliances attracts heavy penalties.

In case the paid up share capital of an OPC exceeds Fifty 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 private or public company.

Where any person, being member in OPC becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of 180 days, i.e., he/she shall withdraw his membership from either of the OPCs within 180 days.

 No,it is restricted

Yes, it is mandatory to nominate a person, at the time of incorporation, with his prior consent in the Form INC-3.Nominee is a person who shall, in the event of Death of member or his incapacity to enter into contract, become the member of OPC. However, a Nominee may at any time withdraw his consent, by giving notice to members and OPC as well.

Separate Legal Existence

Separate Legal Existence

Since, it is separate legal entity, the assets and liabilities of companies are different from those of directors

Lower Compliance Requirements

Lower Compliance Requirements

The basic advantages offered by an OPC, other than those of Private Limited Company are the qualities of being a separate legal entity, limited liability, ease of formation, perpetuity, and lesser governance and regulatory compliances as compared to the Private Limited Company. The mandatory rotation of auditor after every five-year period, is also not applicable to an OPC.

Limited Liability of Owners

Limited Liability of Owners

Also, the liability of shareholder (also known as member of company) is limited only to capital shareholding held by them. If the company undergoes any debt, then the personal assets will never be used for paying off such debts.

Documents Required

  • Details of the proposed Director and Nominee:- Name Mobile No. o E-mail Id. o Educational Qualification o Occupation o Director Identification Number (DIN), if any o Place of Birth (District and State)
  • Self-attested copy of identity proof (Voter Id/ Passport/ Driving License) of the proposed Director and Nominee
  • Proposed name of the Company
  • Self-attested copy of residential address proof (Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill) of the proposed Director and Nominee
  • Consent Form to act as Nominee (Form INC-3)
  • Description of business activity of the proposed Company
  • Details on shareholding of proposed company
  • Self-attested copy of PAN card of the proposed Director and Nominee;
  • Proof of ownership and Utility bill (Electricity/ Telephone/ Gas/ Water) along with No-Objection Certificate, if the premises of proposed registered address is owned by any one of the director/ shareholder.
  • Notarized Rent Agreement and Utility Bill (Electricity/ Telephone/ Gas/ Water) along with No-Objection Certificate, if the premises of the proposed address of the Company is rented
  • Passport size photograph of the proposed Director
One person company
Price

6500

Discounted Price

₹ 2499

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