One Person Company
One Person Company (OPC) registration fees:
Government fees for registering a One Person Company (OPC) in India depends on the nominal Share Capital of the company. For e.g. The Government fees for the OPC registration whose Share Capital is 10,00,000 the Government fees would be 2,000/- rupees. Whereas if nominal share capital ranges between Rs. 10,00,000 to Rs. 50,00,000 – Rs 2,000. Rs. 200 will be added for every Rs. 10,000 or part thereof of nominal share capital.
However, there would be additional costs such as DIN application fees, stamp duties, form filing fees as well for OPC Incorporation in India.
Do not miss filing Form 20A once you have registered your OPC!
OPC Registration is online, easy, seamless, cheapest and quickest with Relitrade Consultancy.
FAQs
Q.1 What is a One Person Company (OPC)
Companies Act, 2013 introduced the concept of One Person Company in India to promote self-employment and to motivate individuals who are capable of starting a business of their own. The need for two directors in a private limited company is eliminated which aids the entrepreneurs to have total control over their entity, and also enjoying limited liability. A nominee is required to be mentioned in the Memorandum & Articles of Association, who will take over the responsibility of the company in case the original member is dead or incapable by any cause.
Q.2 Pre-Registration Requirements
- The person applying for OPC Registration should be a natural citizen and national of India not involved either as a member or nominee of any other such concern
- To start an OPC minimum authorized capital of Rs 1 lakh can be used while there is no specified minimum amount for paid-up capital
- The maximum paid-up share capital cannot exceed Rs 50,000 and an average 3-year turnover cannot exceed Rs 2 crore. If so happens, the OPC must be converted into a private limited company
Q.3 Process of Incorporation
SPICe Form can be used to apply for One Person Company Registration. The procedure involves the following steps:
- Obtain Digital Signature of Directors and subscribers
- Apply for DIN in Form DIR-3 with the prescribed documents
- After the DIN application, Form INC-1 with ROC for name application where you can apply for a maximum of 6 names as per the preference, out of which one would be allocated.
- After approval of the name following form is to be filed with prescribed documents:
- SPICE Form 32
- SPICE Form 33 (e MOA)
- SPICE Form 34 (e AOA)
- With the approval of the ROC, the Certificate of Incorporation under Form No.INC-11 is to be issued by the Registrar of the Companies (ROC).
