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One Person Company Registration
Best Rate Guarantee @ Pan India
Register your own single-person company; OPC Registration is easy in India when done by Setindiabiz. Get ✓Two DSC & DIN ✓Name Approval ✓COI ✓MOA ✓AOA ✓PAN ✓TAN & Bank A/c Opening Support in all our packages. 100% Online Order & Documentation, Chat with the startup specialist to get started
- Safe & Fast Process
- CA, CS Services at One Place
- EMI Option Available
- Free Expert Consultation
- Hassle Free Process
- 24x7 Expert Assistance
Request Quotation/Call Back
From Startup Specialist
Google Review
4.8
Cost of Company Registration
Basic
₹6036/-
All-Inclusive Fee
- DSC & DIN for 2 Directors
The DSC is required to file an incorporation application. DIN stands for Unique Director Identification Number allotted to each director. - Company Name Approval RUN application is filed with Rs. 1000 ROC fee to seek approval of the proposed name of the company by the ROC.
- MOA + AOA Drafting The MOA of a company defines the business activities for which the company is being formed. At the same time, the AOA is the internal rule.
- Filing of Spice Plus Form Spice Plus is the latest prescribed application form for making an application for registering a company in India. The MOA, AOA, and KYC of directors are submitted for approval of the ROC.
- Incorporation Certificate Spice Plus is the latest prescribed application form for making an application for registering a company in India. The MOA, AOA, and KYC of directors are submitted for approval of the ROC.
- Company e-Pan & e-Tan The Pan Number for a company is generated at its incorporation and is printed on its Certificate of Incorporation. The e-pan is sent to the email of the company by the Income-tax Department.
Silver
₹11343/-
All-Inclusive Fee
- Every thing of BASIC PACK +
- Bank A/c Opening Support As the banking is subject to RBI, the bank itself can open the bank account. We extended our support in documentation for opening the Bank A/c of your company.
- INC 20A Filing INC-20A is a declaration to commence the business after the promoters pay the subscribed capital to the company.
- GST Registration GST Registration is necessary to carry out interstate trade even if the turnover is low. Highly recommended service
- MSME Registration As an MSME, the micro, small and medium enterprises get several government benefits like 50% concession in filing IPR application.
- Dedicated Relationship Manager For the ease of co-ordination, we appoint a dedicated relationship manager to assist you with the taxes and compliance services
Gold
₹24909/-
All-Inclusive Fee
- Every thing of SILVER PACK +
- Issue of Share Certificate The share certificate of a company is an ownership document for the shareholder, and it must be issued within 60 days of incorporation.
- Franking of Share Certificate The state government imposes stamp duty on share certificates, and the same must be paid within 30 days of issue.
- Appointment of First Auditor The first auditor of the company need to be appointed within 30 days of incorporation under section 139 of the Companies Act, 2013
- Invoicing Software & Setup - Cloud Correct invoicing is necessary for proper tax filing and compliance. We implement a cloud-based invoicing system for you.
- 30 Minute Session with Tax Consultant The 30-minute session with our tax and compliance specialist will answer all your queries relating to startup taxation, funding and compliance.
Above State-wise Packages Are for Two Indian Promoter and up to 1 Lakh Capital
(The Package is for Incorporation by Filing Spice Plus Directly, No RUN Filing is Covered)
Package Inclusions
Package Inclusions
Checklist
How To Register
Documents Required
OPC Vs Proprietorship
Taxation of OPC
FAQ'sAll our OPC Registration Packages includes the following items
With the use of our easy and transparent OPC Company Registration Fee Calculator, you can place an online order for the Registration of your OPC. As soon as we receive your order to incorporate the OPC Company, our support team shall contact you to process the documentation. All our packages have the following items included in them.
- DIN for One Directors
- DSC for One Directors
- OPC Name Review
- MOA + AOA Drafting
- Filing of Spice Plus Form
- Incorporation Certificate
- Company ePAN Card
- Company TAN/TDS Number
- PF + ESIC + PT Number
- Spice Plus Form as approved
- Dedicated Relationship Manager
- 100% Online Process
Compare Features of Our Plan in Detail
Basic
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Gold
Request Quotation
Wondring about overall cost of One Person Company Registration (All Inclusive).
Get a detail proposal & guide on incorporation process
Checklist to Start a One Person Company
1
Single Shareholder: Register your One-Person Company with just a single individual to act as the initial director/shareholders. However, another individual to be nominated as the nominee of a single shareholder of the company.
2
Resident Director: An OPC may have up to 15 Directors, However one director of the company should be resident in India. A Person is known as a Resident Indian when he/she stays in India for over 120 days during the previous financial year. Citizenship is immaterial for this purpose.
3
Registered Address: For registration of the company, you need to submit the proof of Registered Office & NOC from the owner. You may register a company on a communication address in case of difficulty; however, within 60 days, the company must have its registered address.
4
Capital Requirement: Invest as per the business's requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty is calculated on the authorised capital and the location of the registered office of the company.
5
New & Unique Name: The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding the name of your startup.
Process of One Person Company Registration
With our easy and transparent OPC Registration Fee Calculator, you can place an online order for the Registration of One Person Company. After placing the order, submit necessary information and documents to us through an Online Questionnaire for OPC Registration developed by us.
Step - 1: Documentation for One Person Company Registration
Documentation plays a significant role in the Registration of an OPC in India. The primary documents of all shareholders and directors such as PAN, ID Proof, and address proof are submitted along with evidence of the Company's registered address. For the registered address, utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises are filed.
Step - 2: Select Name of the One Person Company
The name of every Company should be unique and must not violate the name of any other company or someone else trademark. We assist you by conducting a detailed search in the MCA and Trademark database for a possible match of the name.
Step - 3: DSC for Promoter of One Person Company
DSC (Digital Signature Certificate) is equivalent to the physical or paper signature under the information technology act. For Registration of an OPC, all the applications to ROC are filed in digital format signed by its proposed director. The Incorporation Process for OPC Registration starts with the digital signature issuance for the shareholder and director of the OPC.
Step - 4: Name Approval for the One Person Company.
The name of the company should be eligible as per the law. To seek the name approval of your company from the ROC, we file an online run application; this is also known as company name registration. The application for name availability is generally disposed of by the ROC within 1 to 2 days.
Step - 5: Filing of Spice Plus Form to ROC for Company Incorporation
After the name's approval, the spice plus form is submitted to the ROC for the issue of the certificate of incorporation of the Company. The promoters documents, proof of registered address, MOA & AOA are the mandatory attachments of the Spice Plus Form. The entire company registration process is online, and the application is filed with the digital signature
Step - 6: Certificate of OPC Incorporation
The final stage for the OPC Registration is the Issue of the Certificate of Incorporation of the Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate of the company is conclusive proof of the Registration of One Person Company
Step - 7: PAN & TAN Number for the OPC
Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the OPC. There is no need to make any separate application. The PAN Number and TAN come printed on the certificate of incorporation itself, and after the Registration of the One Person Company, E-Pan and Tan letter is sent via email.
List of Documents Required Registration of OPC
Good documentation for the registration of OPC plays a vital role & results in faster incorporation of the company. There are three kinds of documents that are used to incorporate an One Person Company. Please submit self-attested copies of documents that are clear and valid.
| A. Documents For Director/Shareholder |
|---|
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| B. Documents For Registered Address |
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| C. Legal Forms & Declaration |
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| D. Questionnairee |
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Note: After the incorporation, the ROC issues a Certificate of Incorporation of the OPC, that contains the company's address, similar to that is available on the proof submitted for the registered address. Please ensure that the address of the premises on the NOC matches the address on the utility bill.
Comparison of OPC With Proprietorship
| Feature ⇓ | One Person Company | Sole Proprietorship |
|---|---|---|
| Meaning | The OPC is a fusion of sole proprietorship and the corporate form of business. The Companies Act, 2013, for the first time, introduced the OPC to enable a single person to open a company with a simplified compliance regime. | The word sole denotes single, and proprietorship is for the ownership. The sole proprietorship is the most common form of business for tiny business in India, where a single individual owns and controls it. |
| Registration | A one-person company is incorporated under the Companies Act, 2013. The process is simple and online. Only one person is required to start the OPC. | No formal registration of sole proprietorship is required as there is no specific law of parliament or state that regulates the proprietorship business. That is why it is so simple to start and manage. |
| Distinct Legal Entity | OPC is a separate legal entity and a shareholder/director of the OPC is different from that of the OPC. | A sole proprietorship firm is not a separate legal entity from that of its proprietor. The proprietor and the proprietorship is the same thing. |
| Liability | In an OPC the single shareholder is not liable for all the liabilities or debts of the company, and instead, he/she is responsible for paying only the sum which may be outstanding from her subscribed share capital. | The proprietor is personally liable for all the liabilities and debts of the business. To pay off these liabilities, the personal properties of the proprietor can also be attached. |
| Number of Members | The OPC can be owned by only one Individual, also known as the sole shareholder. However, the sole owner of the OPC has to nominate another person to become his or her nominee. | A single Individual can start a Sole Proprietorship Firm, where he alone will invest all the capital and shall be entitled to all the profits of the firm. |
| Minimum Capital | There is no prescribed minimum capital as such. It means you may incorporate an OPC with any capital as you desire. After the 2021 budget, there is no limit on maximum capital. | You can start the proprietorship firm with any amount of capital. It means there is no minimum or maximum capital prescribed as such for a proprietorship firm. |
| Succession | The OPC is recognised as a separate legal entity in the eyes of the law and the business is transferred to the nominee after the demise of the proprietor. | The proprietorship business lacks the benefit of perpetual succession. With the demise of the proprietor, the firm also ends its life. The proprietor and the proprietorships are one and the same. |
| Separate Property | An OPC being a separate legal entity is capable under the law to own the property in the name of one person company. | As there is no distinction between the the owner (proprietorship) and the sole proprietorship firm as such, the firm can not own property or assets in its name. |
Income Tax Rate for OPC in India
The income tax for companies ranges from 15% to 30%, depending on the case. There are two categories of companies as mentioned below.
A. Newly Incorporated Company: A company incorporated on or after 1st October 2019, and that does not claim any other concession, deduction, exemption under the income tax act, the tax rate is as under
| Particulars | Manufacturing Company | Other Company |
|---|---|---|
| Tax Rate | 15% | 22% |
| Surcharge | 10% on tax | 10% on tax |
| Cess | 4% on tax & cess | 4% on tax & Cess |
| Effective Rate | 17.16% | 25.168% |
B. For other companies: the income tax rate is 25% in case the turnover is less than 400 Crores and 30% in all cases where the turnover is more than 400 Crores. The Surcharge and education cess at applicable rate is charged in addition to the basic income tax rate.
Frequently Asked Questions
What is the difference between One Person Company and Other Forms of Business?
We have prepared a detailed and easy to understand comparative table showing the availability of features and advantages of one form of business to that of others. The same can be found at the end of this page. Click here to go there.
What documents are accepted as Identity Proof of Shareholder and director of OPC?
For incorporation of a One Person Company under the companies act, 2013, anyone from below list of the document is acceptable as Identity Proof of the director or shareholder or the proposed One Person Company.
- Passport
- Driving License
- Voter ID Card
What documents are accepted as address proof of promoters?
For OPC Incorporation, any one document from below list of address proof of the director or shareholder is acceptable. The document in support of address proof should not be older than two months.
- Bank Statement or Passbook with the transaction entry
- Electricity Bill in the name of the promoter
- Telephone bill, or any other Mobile Bill
- Utility bill in the name of promoters like Gas Bill
What is a nomination in OPC Registration?
Since only one person is the shareholder of the OPC hence, hence at the time of incorporation of a one-person company, any other person is nominated as the nominee with their Consent.
What are the forms on which director or shareholder have to sign to register a One Person Company in India?
For OPC Formation in India, following are the forms on which promoters need to sign, All the forms/formats to be printed on plain A-4 size paper and signature should be preferable with a blue ink pen.
- DIR-2, Consent from all the director
- Declaration of Promoter for not accepting deposits from public
- INC-9 A Declaration under Companies Act, 2013
- Subscriber Sheet of MOA & AOA
- Consent of the Nominee
What are the documents required as proof of registered address for One Person Company Registration in India?
A One Person Company is incorporated with a physical address to be declared as the registered office of the newly registered OPC. Following are the list of the documents which is acceptable as proof of premises where the registered office of the company is situated. The premises proof should not be older than two months.
- Electricity Bill
- Gas Bill
- Telephone Bill
- Mobile Bill
- NOC from the owner
Do I need to take a NOC from the owner of premises for the registered address of OPC, What is the format of NOC?
Before a One Person Company occupies any premises as its registered address, a no objection certificate must be obtained from the owner of the premises. Similarly, at the time of filing for company registration, we need a NOC from the current owner of the premises along with proof of ownership as explained above. Download sample NOC letter from the owner of premises 
Can co-working office space/ shared office/ Virtual Office address be the registered address of the One Person Company?
A registered office is required to be declared at the time of company incorporation and to be maintained by the company under section 12 of The Companies Act, 2013, which must be capable of receiving and acknowledging all communications and notices as may be addressed to it. Further, the statutory records of the company also need to be maintained at the registered address of the company. Hence having a registered address at coworking space is not acceptable unless this is a lockable area.
What is the limit of Capital with a One Person Company can be Incorporated?
A One Person Company can be registered with maximum capital of Rs. 50 Lac. If the OPC wants to increase capital beyond 50 Lac, then the same needs to convert as a normal company.
What is the turnover limit for a one-person company?
The OPC Can have an average turnover of Rs. 2 Crores for three years if the turnover exceeds the limit then the same need to mandatorily convert as a normal company.
What is the meaning of “Limited Liability” in OPC Company?
Limited Liability implies that the owner or shareholder of the One Person Company is not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. To qualify, the shareholder needs to comply with all laws and pay taxes on time.
What are the most significant characteristics of the corporate form of business?
Apart from the consent of Limited Liability as explained above a company have the following significant features
- The company will continue to exist, no matter how many directors, officers, and shareholders join or leave.
- A Company can Sue and be Sued in its name.
- A legal entity like a company has a separate identity from its owners or shareholders.
- The private limited companies receive financial assistance from banks and financial institutions, but it receives the preferred rate of interest.
- Like a person a private limited company can purchase, sell, own, possess, enjoy and transfer property rights to anyone in its name.
Do I need an attorney to help me start a sole proprietorship?
We strongly recommend a consultation with our startup specialists, which is free and is available without any obligation to take our services. As every business is unique and there may be circumstances where a partnership, Limited Liability Partnership (LLP), Private Limited Company or some other kind of business structure is a better fit. You also may want to get more insight into the specific liabilities your sole proprietorship may face.
Can I register an online marketplace such as Amazon or Flipkart as a sole proprietorship?
Yes, a proprietorship firm is a legal form of business and fully recognised by e-commerce platforms such as Amazon and Flipkart. You can very well enlist your proprietorship firms with the marketplaces.
Which one is better, a one-person company (OPC) or a sole proprietorship?
Both the proprietorship and one person company is a venture owned by a single owner; the proprietors are liable for all the business's debts, whereas the OPC protects limited liability to its shareholders.
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I hardly trust people in business society. However, the people in this company are exception. You can trust them blindly. They are unbelievably ...See at Google
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20 Sep, 2019
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