One Person Company
7,000/- (Excluding Government Fees)
KEY POINTS TO REMEMBER
-OPC is a legal entity that is separate from its owner, which means that the liabilities of the business are not the personal liabilities of the owner.
-Personal Assets of the owner cannot be used to pay the debts of the company.
-There is no Minimum Capital Requirement for setting up an OPC.
-OPCs are taxed at the same rate as other companies in India. The income tax rate for companies is currently 25%.
-The name of an OPC must end with the words "One Person Company".
- Completely online service - No physical Presence Required.
-Personal Assets of the owner cannot be used to pay the debts of the company.
-There is no Minimum Capital Requirement for setting up an OPC.
-OPCs are taxed at the same rate as other companies in India. The income tax rate for companies is currently 25%.
-The name of an OPC must end with the words "One Person Company".
- Completely online service - No physical Presence Required.
One Person Company
Know what is One Person Company? and how it is registered?
What is a One Person Company?
As name defines, Even a single person can incorporate one person company. Minimum & maximum only one person can be a member as a shareholder of one Person Company. There can be directors up to 15 in one Person Company. No minimum capital required for incorporation of one Person Company
How to register One Person Company in India?
Registration of One Person Company is very easy, one person company can be incorporated in 10-15 days. The whole process for registration is online mode no visit to anywhere. Below is the process of registration of private limited company
# Prepare DSC and file Name Approval: The first step is to prepare DSC and DIN. This takes sometime one to two days. Thereafter, you need to file for name approval. The first word of the name should be unique and name should end with the words “Private Limited.”
# File for Incorporation: After taking name approval, the next step is to file for incorporation via spice form INC 32. Further, PAN and TAN are not required to be filed separately and the same is allotted on company formation.
# Take GST Registration: After incorporation, access your business and take necessary registration including GST registration. This is because working without tax license is illegal in India.
Know the basics
Learn the basics about Private Limited Company & its compliance
Documents required for One Person Registration
For Director/Shareholder
- Self-attested PAN, Aadhar and last 3 months Bank statement of proposed director
- Self-attested voter ID card/ driving license/ passport of proposed director
- Passport size photo of proposed director
- Email id & Mobile no. of Proposes director
- DIN of director (if already applied)
- Qualification of Proposed director
- DSC of Proposed Director
- Two Proposed Name for Registration
For Registered Office
- Ownership Proof (Electricity bill etc)
- Utility Bill (Gas bill, Electricity bill)
- NOC (Format enclosed)
One Person Company Registration Process
One Person Company registration process is very simple with Tax2know.in. The whole procedure is completely online and one need not visit our office physically to get the registration.
# Step 1 - Arrange all required documents: The first step is to arrange all the documents and send the same over the email to us. We will check it and if everything is fine, you will required to pay 50% advance.
# Step 2 - DSC, DIN and Name Approval: After receiving the required documents and 50% advance, we shall start your work. We will get the DIN, DSC and the name approval.
# Step 3 - File for incorporation: Once your name is approved, you will be required to pay the rest of the amount and then we will be file your companies incorporation. Once approval is granted, the incorporation work stands complete.
