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Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor.
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One must adhere to the following eligibility guidelines for OPC Registration in India:
Hover or Click on your state to know the fees for section-8 company registration.
S. No. | Particulars | Fees |
---|---|---|
1 | Digital Signature Fees | ₹3000/- |
3 | Professional Charges for Registration | ₹2999/- |
3 | Other Charges | ₹500/- |
4 | Gov. Charges and Other Stamp Duty | ₹1500/-* |
Note: Above charges are for Authorized capital of Rs. 1 Lack with 2 directors which are Indian Resident and citizen of India. Charges in Madhya Pradesh, Punjab, Kerala and Rajasthan are different.
Note: Above charges are excluding gov. fees & other charges.
Note: Above charges are excluding gov. fees & other charges.
Note: Above charges are excluding gov. fees & other charges.
Talk to our experts to kickstart your business registration process.?
Talk to Registration ExpertsOPC Registration is ideal for those business persons who are willing to start a venture alone. It is managed and established by a single person only. OPC is a type of Private Limited Company having same characteristics including succession, limited liabilities, & separate legal entity. The Companies Act, 2013 introduced a new concept of One Person Company or OPC to promote sole ownership in format of Pvt Ltd. Our professional team will guide you through each step, ensuring a hassle-free and transparent company registration process. Take the first step towards realizing your entrepreneurial dreams. Contact us today to begin your One Person Company Registration journey with Legal Pillers.
The Registration is done by Ministry of Corporate Affairs which makes it a better registration option than other registrations in market.
It allows a single person to own and manage the Company, unlike other business structures. This has all the benefits and features of a company and a sole proprietorship.
It provides you with protection of your company name with Ministry of Corporate Affairs. No one can opt for similar name which is already registered.
Our team is committed to providing ongoing support, ensuring that you remain in compliance with all relevant regulations, all accessible through our convenient online platform.
This is the primary advantage of OPC registration. The personal assets of the shareholder are separate from Company. It provide protection to owners personal assets.
Various time, businessperson are not willing to start in partnership and want to run their company individually. OPC Registration helps them in managing their business solely.
Registration provides legal protections to the organization in helping to resolve disputes.
As compare to Partnership Firm, Limited Liability Firm, Sole Propeirtoship firm, Private Limited enjoys lower tax rates. And government has introduces verious subsidies and exemptions also.
An OPC has lower maintenance cost which helps business persons to.
OPC registration enhances the business's credibility, which builds trust with customers, suppliers, and partners.
These annual requirements are mandatory to file every year for compliance of the One-Person Company(OPC).
More DetailsAn OPC must hold at least one BM in each half of the calendar year and time gap between 2 BM must not be less than the period of 90 days. It means that one meeting is required to be conducted between the period from January to June and another meeting between the period from July to December.
One Person Company must have to appoint Statutory Auditor for auditing of Books and Accounts. OPC can appoint any individual or CA firm for managing all compliances within 30 days from the date of registration of company.
Director of OPC have to disclose his interest in other entities, if any. And such disclosure is required to give under Form MBP-1 as prescribed under section 184 of Companies Act, 2013. And Director also have to give declaration in form DIR-8 by stating that director is not disqualified.
All OPC have to file eForm AOC-4 within 180 days from the end of financial year. In this form they have to disclose all Financial Statement related details. OPC also have to consider that failing in filing such form attract penalty.
OPC have to file MGT-7A form with MCA in 60 days from the completion of 6 months from the end of the financial year. In this form OPC have to disclose Annual Return related information.
All directors having DIN as on 31st March of the Financial Year have to file DIR-3KYC Form in same Financial Year on or before 30th September. In case DIN hold after 31st March, they have to file DIR-3KYC next year before 30th September. Howver, this form need to file every year before 30th September.
Every OPC have to file Income Tax Return of its business transacted in every financial year. Failing in do so attract penalty.
An OPC have to file INC 20A form within 180 days from date of registration. This is called as commencement of business. In this form OPC have to show share subscription details along with business proof.
A holding company owns the majority of the shares of another company, known as its subsidiary. The subsidiary is effectively controlled by the holding company. these are normal companies of which shares held by another companies.
Customer satisfaction is our major goal. See what our clients are saying about our services.
Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor.
It is really one of the best team, which give lot of respect in dealings and help us at every moment. Thank you legal pillers for helping us at every small steps.
Good work, I am happy with services - Legal Pillers for providing best services for 12A80G in economical prices and in a good speed way. The co-ordination between various team members is also remarkable. Even they all continuously follow up with calls and messages regarding the processes. Also one more good point is all the services are under one umbrella. Special thanks to Shweta, Kalpana, Priya & all the backend team member for execution.
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
Very corporative and guides you in a proper way. This was my first time doing online legal services and out of all fear I had it turned out a boon for me. Hope you people keep the services same in future to. For a new startup u can believe them. Thank you once again
We are from Hyderabad, Telangana State. We have taken Services of "Legal Pillers" for New Private Ltd Company Registration. We are extremely satisfied and delighted with their services. They are sincere, experienced and committed. Unquestionable Integrity. Our Interaction was with Ms.Sneha, Mr.Rohit and Ms.Jyostna, excellent team and keeps their word.
Find answers to the most popular questions asked to us.
A Person Company (OPC) is a private Company in which only one person holds the entire share capital and acts as a director and shareholder. It is a popular form of business structure for individual entrepreneurs.
Registering a One Person Company (OPC) involves the following steps: Obtain Digital Signature Certificate (DSC) Director Identification Number (DIN) Name Approval Drafting the Memorandum and Articles of Association(AOA) Filing Documents with the Registrar Issuance of Certificate of Incorporation.
Any individual who is a resident of India can act as a member of an OPC. However, a person can only be a member in one OPC at a time. Additionally, a minor cannot become a member or nominee of an OPC.
After the OPC is incorporated, you can apply for Goods and Services Tax (GST) registration. This involves submitting the required documents and information through the GST portal. It's advisable to seek professional assistance to ensure accurate and timely registration.
Closing an OPC involves the following steps: Board Resolution Special Resolution Application for Closure Clearance from Creditors Final Compliance and Dissolution
Any individual, whether a resident in India or a non-resident, can form a Person Company. However, a person can only be a director in one OPC at a time.
Yes, an OPC can be converted into a private limited company if it meets specific criteria, including having a paid-up capital of more than Rs 50 lakhs or an average turnover exceeding Rs. 2 crores during the relevant period.
OPCs enjoy the tax benefits of company registration, including the corporate tax rate applicable to companies
Like any other company, an OPC must appoint an auditor within 30 days of incorporation.
OPCs must comply with various regulatory and statutory requirements, including the annual filing of financial statements, annual returns, and tax returns. .
A partnership does not have a separate legal entity. It is a form of business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.
The owner's liability in an OPC is limited to the extent of the unpaid subscription money or the amount guaranteed by the owner.
Earlier a single person was not allowed to establish a company under Companies Act, 2013. A sole proprietorship was the only option for an individual who wanted to start a business. By considering all these issue MCA introduced a new concept of registration of Private Limited with only one director and shareholder. That is called as One Person Company which is also a type of Private Limited Company. The only difference is a normal Private Limited works with 2 member and director however, in case of OPC only one director and shareholder is required to run and operate the business. OPCs need to comply with specific annual provisions for Annual Compliance.
Features | Pvt Ltd | LLP | OPC | Proprietorship |
---|---|---|---|---|
Meaning | Private Limited is a company which consider as a normal registration with 2 directors under Companies Act, 2013. | LLP is a newly introduced concept and is a mixture of Pvt Ltd and partnership firm register under LLP Act | OPC is also a type of Pvt Ltd having only one director and shareholder newly introduced by government | Any registration which govern sole ownership business format consider as sole firm registration such as GST, MSME, Shop Act Reg., etc |
No of Person | Minimum 2 person required | min 2 person required | only one person required | only one person required |
Liability | no liability on members | no liability on partners | no liability on member | personal liability of individual |
Minimum Capital | Not required | Not required | Not required | Not required |
Compliance | Applicable as per Companies Act 2013 | Applicable as per LLP Act | Applicable as per Companies Act 2013 | Not Mandatory |
Features | Pvt Ltd | LLP |
---|---|---|
LLP is a newly introduced concept and is a mixture of Pvt Ltd and partnership firm register under LLP Act | OPC is also a type of Pvt Ltd having only one director and shareholder newly introduced by government | Any registration which govern sole ownership business format consider as sole firm registration such as GST, MSME, Shop Act Reg., etc |
min 2 person required | only one person required | only one person required |
no liability on partners | no liability on member | personal liability of individual |
Not required | Not required | Not required |
Applicable as per LLP Act | Applicable as per Companies Act 2013 | Not Mandatory |