One Person Company Registration
A single person can form an OPC by subscribing his name to the memorandum of association and fulfilling other requirements prescribed by the Companies Act, 2013.
One Person Company Registration
A single person can form an OPC by subscribing his name to the memorandum of association and fulfilling other requirements prescribed by the Companies Act, 2013. Additionally, if an OPC has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a private limited company or public limited company within six months.
One Person Companies are benefiting largely in developing the overall economy of India. More and more Entrepreneurs are coming up and commencing their business. By incorporation of OPC, the company can enjoy the benefits in banking point and are eligible for Banking loans, credits. So, if you want to start up your own business, you don’t have to worry about all the network and slow processes.
Procedure For One Person Company Registration
Complete our OPC Form
You are required to fill your details in our simple online questionnaire
Obtain DSC and DIN for Director of OPC
Then, we shall obtain DSC and DIN for directors and apply for name approval of OPC.
Verification and Name Approval of OPC
Details provided by you for OPC registration will be verified by our experts.
Apply for the COI of OPC
We will apply for and obtain a certificate of incorporation for OPC and then apply for TAN and PAN.
Your OPC is now Ready
Once your OPC is registered, we shall send you TAN and PAN via courier.
Documents Required For OPC Registration
- Copy of PAN Card of owner
- Passport size photograph of the owner
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
Timeline for OPC Registration Process
Firstly, the OPC director must apply for the DSC i.e. Digital Signature Certificate, which is necessary to register for the company registration records. It needs only a few scanned copies of documents for the submission. After that our experts will record the form by filling it and put it online for certification.
The application for the DSC is done, our experts will ask you to pick a name for your company. Also, ask to send the appropriate scanned documents for the same. The sent documents will be applied to file for the SPICe i.e. INC-32 and the MoA. Lastly, after the completion of this process, the Certificate of Incorporation will be prepared and approved.
All companies require an enrolled PAN and TAN Number. The application will be registered online by our experts. But, you will be directed to courier the hard copies of the important documents yourself. We will inform about the processing, the TAN and PAN. It will be dispatched to you to your registered office address within 21 days of working days.
Taxation Rules for OPC Company
- It is necessary to file Income Tax Returns.
- TDS to be filled all quarter stating the TAN. Deducting tax at source is obligatory if the company has employees.
- Getting an ESI registration is necessary by law if the OPC employs more than 10 persons.
- Enrolling of VAT and service tax returns is required for OPC with valid certification.
- Under the tax rate slab, OPC’s income is taxed at 30% of its entire income in the fiscal year. This is slightly higher than the tax slab rate for people which is 10% to 30% of the income depending upon the income of such person
What’s included in package?
Frequently Asked Questions
How many directors are required to register a One Person Company?
Can a NRI or foreign national register OPC?
Can a One Person Company be registered at residential address?
Can my wife/relative be a director in One Person Company?
- Age should be more than 18 years
- Not criminally prosecuted
- Of sane mind
- Not bankrupt
What is the minimum capital required to register a company?
- It should not have words like finance, minister etc
- For words like Global, Corporation, World the capital should be more that 25 lakhs
How to select a name of the One Person Company?
- It should be unique
- There should be no trademark registered of the given name
- It should have a prefix and activity word
- It should not have words like finance, minister etc
- For words like Global, Corporation, World the capital should be more that 25 lakhs
What is tax rate for One Person Company?
Why Choose Madras Filings
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