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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.
All 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 2 Directors
- DSC for 2 Directors
- Company Name Review
- MOA + AOA Drafting
- Filing of Spice Plus Form
- Incorporation Certificate
- ePAN Card
- TAN/TDS Number
- Spice Plus Form as approved
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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: 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.
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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.
· 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.
· 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.
· 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.
· 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.
· 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
· 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
· 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 for OPC Registration
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.
| Promoters Document |
| Docs of Registered Office |
| Passport Size Colour PhotographSelf attested Pan CardSelf attested Aadhar CardAddress Proof: (any one document)Telephone BillGas Bill,Electricity BillBank StatementIdentity Proof: (any one document)PassportVoter IDDriving License |
| Proof of Premises:TelephoneElectricityWater BillNo Objection Certificate (NOC). |
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 recognized 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 | 17.1% | 25.08% |
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.
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