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Standard
- Company Registration
- Share Certificates
- Current Account
- GST Registration
- 2 Digital Signatures
Suitable for Startups and Small Businesses
pro
- 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
Pricing
We always welcome new businesses to join our Tribe.
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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
- Copy of PAN Card of owner
- Passport size photograph of the owner
- Copy of Aadhaar Card/ Voter identity card
- Specimen signature
Documents Required from Nominee
- Copy of PAN Card
- Passport size photograph
- Copy of Aadhaar Card/ Voter identity card
Documents Required from Proposed Company
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Requirements to register a Private Limited Company in India
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No of Shareholders
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2 individuals
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No of Directors
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2 individuals (min.)
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Authorized Capital
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Rs. 1 lakh min.
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Paid-up capital
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Rs. 10,000
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Procedure for Applying
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Benefits and Drawbacks Comparision Table
Need Help?
FAQs
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What is Digital Signature Certificate (DSC)?
Its an electronic Signature used for filing documents through the internet. It is compulsory for the director to sign certain documents using DSC.
What is Director Identification Number (DIN)?
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.
What is Authorised Capital?
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.
What are the extra fees that I may incur?
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.
Do I need to be physically present during this process?
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.
What is the approximate time taken to register an OPC?
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.
