One-Person Company
One-Person Company ( Basic )
Rs. 6999
Digital Signature Certificate
Director Identification Number
1 Name Approval Application
Stamp duty on INR 1 Lakh Authorized Capital
Company Incorporation using SPICe+
MOA & AOA
PAN
TAN
1 Share Certificate
One-Person Company ( Standard )
Rs. 9999
Digital Signature Certificate
Director Identification Number
1 Name Approval Application
Stamp duty on INR 1 Lakh Authorized Capital
Company Incorporation using SPICe+
MOA & AOA
PAN
TAN
1 Share Certificate
GST Registration
One-Person Company ( Premium )
Rs. 12499
Digital Signature Certificate
Director Identification Number
1 Name Approval Application
Stamp duty on INR 1 Lakh Authorized Capital
Company Incorporation using SPICe+
MOA & AOA
PAN
TAN
1 Share Certificate
Gst Registration
Trademark Application
What is a One-Person Company?
One Person Company is a Private Limited Company but with 1 stockholder or Owner.
It is a more legalized and credible structure of a proprietorship. It has all the characteristics of a Private limited company but requires only 1 shareholder. More details of one Person Company can be found here.
What is the minimum requirement for OPC registration?
- Only 1 shareholder
- Minimum 1 Director
- A Candidate whose age is more than 18 years and is not a director in any other OPC.
What are the advantages and disadvantages of an OPC?
The advantages of registering an OPC are:
- Completely online
- Limited Liability
Disadvantages of OPC are:
- Cannot be converted into a Private limited company for 2 years
- Cannot raise funds
- Compliance cost is almost the same as Private Limited Company
What are the Documents required to Register a One Person Company ?
What is a One-Person Company?
The documents required from the director and applicants are:
- Pan Card
- Aadhar card/Passport/ License
- Bank Statement/ Mobile Bill / Utility Bill having an address
Documents required of the proposed registered address are as follows
- Electricity bill/Other Utility Bill of the proposed registered address
- NOC or rent agreement from the owner of the premises
- Even if the director is the owner of the property NOC is needed from him
What are the steps to Register an OPC ?
Step 1: Applying for DSC (digital signature)
This is required to sign and submit the form online. It is also used to sign and upload the income tax returns and annual returns of the One Person Company.
Step 2: Submission of SPICE, SPICE 33, and SPICE 34
Preparation of MOA and AOA are the most important part of this step. This is a final application form and the government has merged Name Approval, DIN Application, PAN, and TAN application in this one simple form. Settlemytax also submits the MOA and AOA of the One Person Company. Once this form is approved the government issues the Certificate of incorporation and MCA receipts which then can be used for opening a bank account.
One Person Company registration can be completed in 10 working days and is a completely online process
What are the steps after OPC is Registered?
- Open bank account within 30 days
- Deposit Share Capital money within 30 days
- File commencement certificate within 180 days
- Issue Share certificates – within 60 days
- Appoint Auditor within 30 days
How many days does it take to Register a OPC ?
With the assistance of Settlemytax the registration process can be completed in 10-14 working days as follows
- Preparation of documents – 2 days
- DSC Application – 1 Day
- Name Approval through RUN – 1 days
- Filing of form – 2 days
- Approval – 4 days