Lion roar v3
 
 

One Person
Company

Rs 10,999

For Sole Founders
1 Digital Signature
1 ShareHolder
1 PAN Card + 1 TAN Card

Private Limited
Company

Rs 11,999

StartUp / Investor Friendly
2 Digital Signaure
2 Digital Signature
2 ShareHolder
1 PAN Card + 1 TAN Card

Limited Liability
Partnership

Rs 9,999

For Traditional Businesses
2 Digital Signaure
2 Digital Signature
2 Partners
1 LLP Agreement
1 PAN Card + 1 TAN Card
* Stamp duty Extra for States: Punjab,Kerala,Madhya Pradesh
* NRI/Foreign Directors,Charges are extra
 

How long does it take?


15 Days

 
  1. Digital Signature Certificate

    1 Working Day

    DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the single person company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

  2. Director Identification Number

    1 Working Day

    DIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

  3. Name Approval

    Upto 5 Working Days

    After obtaining DSC and DIN, the next step is name approval. We will ask you for a few names of your choices and our attorney will file the requisite form with the ROC within 2-3 working days. Our attorney will conduct a prior search for your name availability and you may do it yourself on your discretion. Out of six proposed names of the company in the order of preferences, a name is reserved by the ROC and the OPC is registered with the same name.

  4. Incorporation Documents

    Upto 8 Working Days

    On obtaining the name approval, our attorney will assist your company to incorporate company documents, i.e. Memorandum of Association and Articles of Association and file on your behalf with the Registrar of Companies ROC within 3 to 5 working days. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your Id.

Get information by Email

Price Breakdown
Documents Required
Timelines

 

One Person Company Cost Breakdown


Our pricing is 100% transparent. One Person Company is popular among sole founders.

 
Consultancy Free
Company Name Availability Search Free
1 DSCs Rs 1,000
Government Fee Rs 1,300
Stamp Duty Rs 1,510*
Notarization Cost Rs 500
PAN & TAN Fee Rs 170
Professional Fees Rs 5,525
Goods & Service Tax Rs 994
Total Cost (Individuals) Rs 10,999
* The above mentioned government fee has been calculated on minimum contribution of Rs.100000
** Stamp duty may vary state to state
 

Documents Required for One Person Company


 

Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving

Idproof

ID Proof

Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License

Location

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Photo

Latest passport size photograph

Office

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

 

What do you get


 

Everything to open a bank account and Start your business

Usb

DSC

Digital signature for one director to digitally sign the documents

Moa

Memorandum of Association

Defines the rules and objective of the business

Aoa

Articles of Association

Defines the rules and objective of the business

Pancard

PAN Card

PAN number of the company to open a bank account

Certificate

Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

Tan

TAN Number

TAN number of the company

How do we work?

Play button

Questions? Call us on 011-395-95858

 

Frequently Asked Questions


Who can form One Person Company?

An OPC can be formed only by a natural person who is an Indian citizen and stayed in India for a minimum of 182 days in the immediately previous calendar year.

What is the minimum number of Directors required to form an OPC?

Minimum one Director is required to incorporate an OPC. Further, the sole member can also become the first director of the Company till the member appoints any other director.

What is the minimum capital requirement to start an OPC?

As per the Companies Act, 2013 and Company (Incorporation) Rules these is no minimum capital requirement to incorporate an OPC in India. You can even start an OPC with a capital contribution as low as Rs. 2. However, the maximum capital allowed is Rs. 50 lakh.

Can I form two or more OPCs?

No, a member can’t incorporate more than one OPC as under Companies (Incorporation) Rules, 2014. Further, a Nominee can’t be a nominee and a member in two OPCs.

Who can be a Nominee?

As per Rule 3 of Companies (Incorporation) Rules, 2014 only a natural person who has attained majority and is an Indian citizen and resident of India in the previous calendar year can become a Nominee Director in an OPC.

When does a One Person Company require to convert itself mandatorily?

A One Person Company is required to be converted into a Private Limited or Public Limited company when it crosses the threshold limit of paid-up capital of Rs. 50 Lakhs or Average Turnover of Rs. 2 Crores in any year.

I am a sole member of an OPC (Name can’t be revealed). Recently my Average turnover crossed the threshold limit or Rs. 2 crores. What should I do now?

  • Once your threshold limit is crossed either the paid-up capital or the average turnover; the OPC is mandatorily required to convert itself into a Private Company or a Public Company. Follow the steps below after crossing the threshold limit.
  • File form INC-5 to inform ROC about the breach of threshold limit within 60 days of breach of limit.
  • Convert the OPC into public or private Company as per the Companies Act, 2013 within six months period from the date of breach of threshold limit.

What are the disadvantages of an OPC?

Disadvantages of forming an OPC are-

  • Ineligible to carry Non- Financial Business Activities,
  • Can’t convert voluntarily in any form of the company before two years of incorporation and prohibited to convert itself at any time into section 8 Company.
  • Restrictions of a Private Limited Company apply to OPC also.
  • It is more suitable for small entrepreneurs due to limited share capital structure.

Read More

How to inform ROC about the cessation of membership?

The OPC is required to file INC-4 in case of cessation of membership on account of death, incapacity or change in ownership. In the same form, the details of a new member are required to be mentioned.

Is there any form required to be filed in case of conversion of OPC into a Private Limited or Public Limited Company?

Yes, a form INC-6 is required to be filed with ROC in case of conversion of OPC into any form of the company whether Private or Public Company. Further, a private company is also required to file INC-6 in case of converting itself into an OPC.

What is the time limit to file INC-6?

Time limit for filing INC-6 is thirty days in case of voluntary conversion and Six months in case of mandatory conversion.

What if the Nominee of an OPC is now the member of the OPC and at the same time holds the position of the member in other OPC?

If a member of an OPC becomes the member of another OPC then within 180 days he will be required to fulfil the statutory eligibility criteria for becoming a member of only one OPC and will have to withdraw his membership from either OPC.

How to inform ROC about the change in Nominee?

File INC-4 with the ROC informing about the change in Nominee or withdrawal of consent by the Nominee.

Can I become a director in an OPC if I am in already in employment?

Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in other company simultaneously.