Home  |   About us  |   Blog  |  Contact us   |  Login  |    +91 7600805842 |     info@hngebiz.com  

 +91 7600805842 |   Contact us   |   About us  

One Person Company
Home » Services » Start-up India » One Person Company

Get your One Person Company (OPC) with us, starts at just Rs. 6999/-* Now to get started Pay Just Rs. 299/- , and the rest will be pay conveniently after processing begins.

  • 100% Online Process
  • Hassle Free Process
  • EMI Available
  • CA / CS Services
  • Free Consultation
  • 24 x 7 Assistance
11-arrow
Quick Registration
One Person Company Registration
Overview

An OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understand for a-One Person Company. One person company (OPC) in India is one of the easiest forms of corporate entities to manage. OPC is a hybrid of Sole-Proprietorship and Corporate form of business. An OPC, a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of getting into the contract).

For a One Person Company registration in India, H & G Ebiz Pvt. Ltd is one of the most affordable Service providers.

Jan-Business_team_3
Reason to Create OPC Company:


  • Limited Liability:
    Many times start-ups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk in case business is not able to repay its loans. In a one person company, only investment in business is lost, personal assets of the directors are safe.
  • Separate Legal Entity With Perpetual Succession:
    OPC enjoys the benefit of Separate Legal Identity in the eyes of law. In the case of death, insolvency, the bankruptcy of any of its member or shareholder. It continues as a legal person until it is legally dissolved.
  • Greater Credibility:
    An OPC requires to have its books audited yearly, it has higher credibility between vendors and lending institutions.
  • Easy to sell:
    OPC Company is simple to sell because of limited documentation work.
  • Full Control over the Company with a Single Owner
    This fact helps in fast decision making and execution. Yet OPC can select as many as 15 directors for official functions, without providing any share to them.
  • Minimum compliances:
    For the purpose of Annual filing and other compliances, One Person Company is treated as a Private Limited Company. However, it is exempted from many compliances. It does not have to hold AGM every year.
Document Checklist & Registration
Document Checklist
To register a company, various documents are to be submitted to the MCA as follows:
  • Copy of PAN Card of owner
  • Passport size photograph of the owner
  • Copy of Rent agreement (If rented property)
  • Copy of Aadhaar Card/ Voter identity card
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)
one person company REGISTRATION PACKAGES
Standard
  • 6999/-
  • Digital Signature Certificate
  • Director Identification Number
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 1 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
Buy
regular
  • 10999/-
  • Digital Signature Certificate
  • Director Identification Number
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 1 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
  • GST Registration
  • INC 20A (Commencement Filing)
  • Appointment of 1st Auditor
  • SSI/MSME Registration
Buy
advance
  • 31399/-
  • Digital Signature Certificate
  • Director Identification Number
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 1 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
  • GST Registration
  • INC 20A (Commencement Filing)
  • Appointment of 1st Auditor
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • 1st Income Tax filing upto turnover of Rs. 1 Crore
  • 12 Month TDS Filing upto 400 entries
  • 12 Month GST Return Filing
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal
  • Form ADT 1 (Auditor Appointment in AGM)
  • 1st Annual Filing upto turnover of Rs. 1 Crore
  • Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
  • Form MGT -7 (Form for filing annual return by a company)
Buy
Process to Incorporate Sole Proprietorship Firm
process of opc

OPC Compliance

Companies registered in India are required to maintain compliance under various Laws. Failure to maintain compliance can lead to penalty or disqualification of the directors.

H & G Ebiz Pvt Ltd can help you with accounting and maintaining of statutory compliances for the company at a very affordable price point.

Some of the important compliances for companies registered in India are given to the right. Please note that additional forms will also be applicable as per government notification.

Other than these mandatory compliances, there are others that need to be done depending on the company’s timeline. H & G Ebiz Pvt Ltd also assists in increasing authorised capital, changing registered offices, change in directors and others.

Statutory Auditor Appointment

Every One Person Company registered under the Companies Act, 2013, irrespective of its sales turnover or nature of business or capital must have its book of accounts audited each financial year. Thus, the Board of Directors of a One Person Company are required by law to appoint an Auditor within 30 days of incorporation of the company and thereafter conduct an audit of its financial statements each Financial Year.

GST Registration & Return

GST Registration is needed when the turnover is more than INR 40 lakhs or INR 20 lakhs in Special category states or if the business supplies goods intra-state or Provides goods and services online.
Once a One Person Company gets registered under GST, it becomes necessary to file GST returns. GST returns can be filed monthly, quarterly or yearly depending upon the types of GST returns form you are filing.

Accounting

Every One Person company shall maintain proper books of accounts which shall represent an accurate and fair view of the state of affairs of the company. Accounting is necessary for the statutory audit, Annual filing and IT return filing which is mandatory once you start your Company. These books of accounts shall be audited by the auditor appointed by the company.

Income Tax Audit & MAT Audit

Every One Person Company requires to get the tax audits under section 44AB done. The tax audit limit under section 44AB is INR 1 Crores. (5 crores where at least 95 percent turnover is made on digital transactions.) It is mandatory for the one person Company to get their accounts audited under MAT i.e. Minimum Alternate Tax.

ROC Annual Filling

A One Person Company is mandatorily required to file some forms every year. Filing has to be done regarding submission of documents of financial statement, i.e. balance sheet, P&L account in ROC form AOC 4 and annual return in ROC form MGT-7. Company report about auditor’s appointment to ROC in Form ADT 1.

Import Export Code Registration

All the Pen Person Company which are engaged in Import and Export of goods require to register the Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

Trademark Registration

Registering a One Person Company with a name does not provide complete protection to the name or brand name. Ultimate protection for a business name is secured only by Trademark Registration of same. By trademark registration, you may get the ownership of your One Person Company name or brand name or logo etc.

TDS Filing

Quarterly TDS returns must be filed by one person companies that have TAN and are required to deduct tax at source as per TDS rules.rn

 
+91 76008 05842 +91 76007 97648
Call us for best solution
wpChatIcon
wpChatIcon
Scroll to Top