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Retainership

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Standard

5,999-8,999
  • Company Registration
  • Share Certificates
  • Current Account
  • GST Registration
  • 2 Digital Signatures

Suitable for Startups and Small Businesses

pro

9,999-12,999
  • All of Basic Plan
  • 1 Year Accountant
  • 1 Year GST Filing
  • 1 Year MCA Filing
  • 1 Year DIN KYC
  • 1 Year IT Filing

Suitable for Professional Users and Large Businesses

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Benefits

The advantages of an OPC are as follows:

Section 2(62) of Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member.

The Companies Act also provides for a person, nominated by the stakeholder, to take over the reins of the company in the event of the death or inability of the said stakeholder. Moreover, this allows the OPC to have a continuous life beyond that of the founding director.

An OPC is registered under the Companies Act and enjoys the same privileges that come with a firm being listed as a private limited company.

The legality of this type of business, and also the perpetual succession clause, makes it popular among banks and financial institutions.

While it is mandatory for an OPC to get its accounts audit and file requisite annual returns, the same can be easy with the signature of the director; the need for a company secretary’s signature is not mandatory.

Documents Required from Directors

Documents Required from Nominee​

Documents Required from Proposed Company

Requirements to register a Private Limited Company in India

No of Shareholders
2 individuals
No of Directors
2 individuals (min.)
Authorized Capital
Rs. 1 lakh min.
Paid-up capital
Rs. 10,000

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FAQs

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Its an electronic Signature used for filing documents through the internet. It is compulsory for the director to sign certain documents using DSC.

DIN is a unique identification number assigned to every existing and proposed director of the company. It is compulsory for every director to have a DIN.

Authorised Capital is the amount of money that the company can raise from the shareholders. In other words, Number of shares a company can issue.

The Extra fees that you may incur includes Stamp Duty charges and Authorised Capital Fee charges. From cost saving perspective it is advisable to keep the Authorised Capital less than 15 Lakhs.

No, new OPC Registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

OKstartups can incorporate an OPC in 7-15 days. It depends on the government approvals. Although at OKstartups we make sure its as fast as possible by continuously following up with the authorities.

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