One Person Company (OPC) Registration
Fully expert-assisted company registration process
Our packages include DIN, PAN, DSC, MOA, AOA and SPICE+ Compliance
Start your One Person Company Registration at just ₹999 + Govt Fee
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Here’s How It Works
1
Zolvit helps you choose company name and apply for DSC.
2
We will then apply for DIN and name approval using SPICE+32
3
Providing holistic support for OPC registration to MCA
Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.
Rachna Pathania
Founder & CEO of SchnellTek Software Pvt. Ltd.
Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Satya Vasireddy & Sravani Vasireddy
Founders of Lovely Chocos
Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Adarsh Agarwal
CEO & Developer of Golghar.com
Here’s What You’ll Need
With Zolvit, registration of a one person company in India is just a few clicks away. To guarantee that your papers are always secure, Zolvit implements the best-in-class security protocols available on the market.
Passport or PAN card
For NRIs and foreign nationals, a passport
Scanned copy of a voter ID or a driver's licence
Updated gas or electricity bills, bank account statements
Phone bills for mobile or landlines
Signature or impression that is a sample
Passport size pictures.
Documents required for the registered office
Include a scanned copy of a recent bank statement
A phone bill, a mobile bill, and an electricity or gas bill
scanned copy of the English-language rental agreement
scanned copy of the landowner's no-objection letter
scanned copy of the rental agreement
Transcript of property or sale deed in English
Why Should I Use Zolvit for Registering a One-Person Company Online in India?
New Company
We Register a New Company Every 9 Minutes
50,000+
Businesses Served by Zolvit
Financial Services
All Financial Services in One Place
Quick & Affordable
Nominal rates, great turnaround time
Satisfaction
100% satisfaction guaranteed
Zolvit's OPC registration procedure is the best in the nation! Now, start your own OPC in India in just 3 easy steps
Did you know?
The Companies Act of 2013 introduced the groundbreaking new One Person Company (OPC) model. The Dr. JJ Irani expert committee first endorsed this OPC approach in 2005.
The first One Person Company in India was established on 28 April 2014, in Delhi, according to RoC-Delhi law. 'VIJAY CORPORATE SOLUTIONS OPC PRIVATE LIMITED' is the name of the business, and its CIN is U93000DL2014OPC267546.
FAQ's
Who meets the requirements to join an OPC?
Who may establish a one-person company?
What is an example of a one-Man company?
Is a one-person company a private one?
Can a single person start a business?
Overview of One Person Company
A one-person corporation (OPC) is a business that has only one owner. Before the Companies Act of 2013 took effect, corporations could only be formed by two people. An individual could only establish a sole proprietorship if they wanted to open a business because a company could only be established with a minimum of two directors and two members.
Section 2 (62) of the Companies Act of 2013 mentions that a company can be incorporated and officially registered with just a single functioning director and a single member. Compared to a private business, this sort of corporation has fewer compliance requirements.
A person may form a business with just one member and one director by the Companies Act of 2013. One person may serve as both the director and a member. A one-person company is usually initiated with a single person who can both be a resident of India or an NRI. An OPC combines both the advantages of sole proprietorship and the qualities of a corporation.
Advantages of OPC Registration Online in India
Legal status
Easy investment availability
fewer conformities
Simple integration
Simple to control
Easy succession in future
Checklist for OPC Registration Process
- Minimum and maximum membership is one
- A candidate has to be appointed before the incorporation of the company
- Obtaining the nominee's permission should be done using INC Form -3
- The name selection criteria for the OPC are mandated by the companies incorporation rules of 2014
- ₹1 lakh minimum authorised capital
- The planned director's DSC
- Evidence of the OPC's registered office.
Using Zolvit for OPC Registration Process
Step 1: DSC application
Obtaining the proposed director's Digital Signature Certificate (DSC) is the first stage, which necessitates the submission of the following documentation: proof of address, a PAN card, an email address, and a phone number.
Step 2: Request a DIN
The Director Identification Number (DIN) of the intended Director must be requested in the SPICe Form together with documentation of the director's name and address once the Digital Signature Certificate (DSC) has been created. The option is only accessible to companies that already exist (Form DIR-3). It says the applicant is excused from filing form DIR-3 individually starting in January 2018. Using the SPICe form, up to three directors may now request a DIN.
Step 3: Apply for name approval
Choosing a company name is the next stage in incorporating an OPC. The business name has to be authorised in the form SPICe+ 32. The business name has to adhere to the rules and regulations. If the name is turned down, submit a different name by submitting a second Form SPICe+ 32 application. We proceed to the following phase as soon as the MCA approves the name.
Step 4: Applying to the MCA
It is the last step in the procedure. All the required documents including the digital certificates of the directors have to be presented to the MCA. As soon as the company is registered both the TAN and PAN number are generated and passed down to the applicant successfully. There is no procedure to provide separate applications for these two numbers.
Zolvit OPC Package comprises
- One director's unique identifying number
- Certificate of digital signature for one director (If the shareholders are different from directors, then additional DSC is required for shareholders)
- Advice on deciding on the company name
- PAN and TAN drafted the articles of association and memorandum, as well as paying the government stamp duty and obtaining the certificate of incorporation.
The Drawbacks of One Person company
- Excessive Taxes: You cannot benefit from the tax slab advantage if you are a company entity. In proprietary, you must pay taxes at a rate of 10%, 20%, or 30% depending on your wage. In contrast, if you operate a one-person firm, you will be immediately liable for paying 30% in income tax. The high tax rate is a key disadvantage for a one-person business.
- Cost Consistency: When compared to a one-person company, the compliance cost of a partnership firm or proprietary is quite minimal.
- OPC Appears in the Name: In the bracket after your firm name, you must indicate that it is a one-person operation. There is a significantly diminished perception that the organisation is managed by a lone individual. On the other hand, if you start your business with just a few stockholders, the management can't be committed, and you can also provide customers' impressions.
- Individual Management: There is only one, and that is the shareholder, who controls everything. He might be insightful, which is excellent; but, there are occasions when cross-checking is required for business growth. The ability of one person to make decisions will determine the company's success and expansion.
- OPC Incorporation is Permitted: You can use a single, unique OPC (One Person Company). If you need to launch another firm like OPC, it is not allowed. In today's fast-paced economy, more than one firm can diversify income and protect you from severe losses. These days, there is no safe stream of commerce. For those who are seasoned businesspeople, this condition is a problem.
What Are The Important Characteristics of an OPC?
The key characteristics of a One Person Company in India are that it is simple to set up and run, requires little paperwork, has a distinct legal identity, has limited liability, has secure funding, only needs one director, is exempt from third parties, can take advantage of various tax deductions, enjoys increased trust doesn't need a minimum amount of paid-up capital, and is not subject to multiple compliances.
Which Is Better OPC or LLP?
Limited responsibility of partners is made possible by the LLP's separate legal existence and separate legal entity. District legal entities exist for OPC. Director is the sole individual. In the event of the director's demise or loss of competence to enter into contracts, ownership may be transferred to the nominated nominee.
How Is OPC Taxed?
An OPC has no special tax benefits over any other type. Other tax regulations like MAT & Dividend Distribution Tax apply as they do to any other form of corporation. The tax rate is a flat 30%.
How Do I Start An OPC Business?
Including OPC: Within 20 days of the data of RUN approval, form SPICe must be filed for incorporation of the OPC following name approval. If the registered office address and the correspondence address are different, the business must file form INC-22 within 30 days of registering from SPICe.