Register One Person Company (OPC)
Step 1 : Application for Digital signature
Step 2 : Application for Director Identification Number (DIN)
Step 3 : Application for Name Approval
Step 4 : Drafting & Signing of MOA and AOA
Step 5 : Filing of Required documents
Step 6 : Issue of Certificate of incorporation, Pan Number
Step 7 : TAN Card Application
Step 8 : Bank A/c Opening
- 1. Pan Card of Promoters
- 2. Aadhar card of Promoter
- 3. Any Utility Bill/ Electricity Bill/Mobile Bill
- 4. Registered Address Proof
- 5. Six possible Names of Company
- Corporate Status
- Total control on ownership
- Management and ownership can be separate
- Best way to expand a family or proprietorship business
- Limited Liability protection
- 7-12 Working Days
- Pre incorporation advise whether a Put OPC is suitable for your business
- Advise on mandatory and unnecessary compliances to further reduce your cost of compliance
- Complete support and guidance for Pre to post incorporation compliances
- Up to 75% less fees as compared to any reputed firm
- Privilege Support & Guidance by Email, AKT Help desk & Face to face guidance on Skype
- Rs 5000 discount in the next year Annual filing that making your company formation cost lower by 5000
- Futuristic approach for drafting of AOA & MOA keeping in mind the requirement of future
- A professional drafting of MOA and AOA deed to ensure no complication in future
- End to End services from drafting the documents to post incorporation services
Compare Your Options
|Proprietorship||Partnership||LLP||One Person Company||Private Limited Company|
|Easy of operation||Easy||Moderate||Moderate||Slightly Complicated||Slightly Complicated|
|Cost of Compliance||Low||Moderate||Moderate||High||High|
Let It Clear The Confusion
Why OPC make more sense instead of Proprietorship?
One Person company or OPC offer a Corporate version of proprietorship with the benefit of Limited Liability Protection for
your new business/startup. It given a professional impression and increases your brand value when presented to your
costumers, Vendors or Employees. So OPC is corporate version of Proprietorship ,Which offers complete control on
ownership, Limited Liability on Owner and better market perception.
Is OPC Suitable for Start-ups or Entrepreneurs?
Actually One Person Company is best suited for Startups with a single promoter, It is not only giving single promoter
complete ownership but also helps to hire best talent due to its corporate status. It also shows seriousness as compared
to a proprietorship, and give better professional impression in front of stakeholders.
Is OPC recognised as entity in other countries?
This is one of the most shought answers, OPC is proper legal entity duly recognized hence it is valid throughout the
world. Although OPC is new concept and hence there may be lack of awareness & hence people can ask this kind of question
but it will soon resolved as its number and awareness will increase.
What about inheritance of OPC in case main owner expires?
There is mandatory provision to assign a Nominee partner who will be owner in case current owner or sole member of that
one person company expires.
Is there any Limitation in OPC?
As per Ministry of Company Affairs, If an OPC crosses a turnover of 2 Cr for continues three years or have Paid capital of
50 Lakhs it mandatory to convert into private or Public Limited company.
What is Minimum capital required to start OPC?
Rs 1 lakh is minimum paid up capital with which OPC can be started.
What will be compliance cost for OPC?
Actually it depends on kind of business an OPC start. However mandatory compliances such as Income Tax return filing, ROC
filing , GST and Other will cost at least 15K- 20K. In case there is no transaction or business still some mandatory
compliances need to be done, however we charge just 12k-15k in such cases.
Is there any tax advantage in OPC?
OPC is also taxed on same rate as the company , LLP and Partnership i.e. 30% hence there is No upfront tax advantage in
Is a Person can form more then one OPC?
Currently it is not allowed, hence one person can own only one OPC at a time.
What is process for OPC Registration?
It is almost same as a company formation process, So it starts from DIN number of director then Name approval and finally
Drafting and filing of MOA and AOA.
Can I convert OPC into Private limited or LLP when required?
Yes the OPC can be converted to private limited or LLP retaining the same name of company however as PAN number will
change you need to again apply for fresh GST number TAN number and other documents. So if you have a plan to change to LLP
or private limited in short term better to go for It directly rather then again going for conversion.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.