One Person Company
VSB Consultants can register a One Person Company for you in 7-10 working days.
Contact You
Our relationship manager will contact you, understand your requirements and clear your queries.
Documentation
You will provide the relevant documents according to package and make payment.
Registration Process
We will process the company incorporation in below steps.
Company Kit
We will send the relevant registration documents along with invoice through email and wish all the very best 😊
Step 3 Elaboration
Name will be applied
Name approval will be received
Affidavits, MOA and AOA will be prepared and send to you for signatures and getting signed scanned copies.
Scanned documents will be submitted for incorporation
Certificate of Incorporation, PAN, TAN will be received and shared with client.
GST registration and Import Export Code will be applied.
Why Choose VSB Consultants ?
One Person Company Registration Cost
- 1 DSC
- 1 DIN
- MOA & AOA
- All related government fee
- Stamp duty
- PAN & TAN
- ESI & PF registration
- Bank account opening resolution
- Commencement of Business
- 1 DSC
- 1 DIN
- MOA & AOA
- All related government fee
- Stamp duty
- PAN & TAN
- ESI & PF registration
- Bank account opening resolution
- Commencement of Business
- MSME Udyog Aadhaar Registration
- GST Registration
- 1 DSC
- 1 DIN
- MOA & AOA
- All related government fee
- Stamp duty
- PAN & TAN
- ESI & PF registration
- Bank account opening resolution
- Commencement of Business
- MSME Udyog Aadhaar Registration
- GST Registration
- Trademark filing (inclusive of govt fees for trademark)
- In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
- Additional Directors can be added for an additional price of Rs.999 – if DSC & DIN is available. In case no DIN or DSC is available, cost for adding an additional Director will be Rs.1999.
FAQ's
Most Frequent Asked Questions
An OPC can be formed only by a natural person who is an Indian citizen and stayed in India for a minimum of 182 days in the immediately previous calendar year.
Minimum one Director is required to incorporate an OPC. Further, the sole member can also become the first director of the Company till the member appoints any other director.
As per the Companies Act, 2013 and Company (Incorporation) Rules these is no minimum capital requirement to incorporate an OPC in India. You can even start an OPC with a capital contribution as low as Rs. 2. However, the maximum capital allowed is Rs. 50 lakh.
No, a member can’t incorporate more than one OPC. Further, a Nominee can’t be a nominee and a member in two OPCs.
As per Rule 3 of Companies (Incorporation) Rules, 2014 only a natural person who has attained majority and is an Indian citizen and resident of India in the previous calendar year can become a Nominee Director in an OPC.
A One Person Company is required to be converted into a Private Limited or Public Limited company when it crosses the threshold limit of paid-up capital of Rs. 50 Lakhs or Average Turnover of Rs. 2 Crores in any year.
Once your threshold limit is crossed either the paid-up capital or the average turnover; the OPC is mandatorily required to convert itself into a Private Company or a Public Company.
Disadvantages of forming an OPC are-
- Ineligible to carry Non- Financial Business Activities,
- Can’t convert voluntarily in any form of the company before two years of incorporation and prohibited to convert itself at any time into section 8 Company.
- Restrictions of a Private Limited Company apply to OPC also.
- It is more suitable for small entrepreneurs due to limited share capital structure.
Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in other company simultaneously.
No, the whole company incorporation process is online. You can send the scanned copy of all the required incorporation documents via e-mail. All the forms and documents are filed electronically and even signed digitally.
You don't need a proper office address to incorporate a company. You can register your residential address as a registered office address of your business with MCA (Ministry of Corporate Affairs) for which some address proof along with the NOC (No Objection Certificate) has to be filed with the prescribed form.
A one person company is a separate legal entity. To start the business, a one person company needs to apply for PAN of the firm.
TDS deduction rules become applicable to one person company from day one of incorporation and thus same needs to be applied at the time of incorporation of company.
Businesses providing services needs GST registration when there financial turnover in a financial year exceeds 20 Lacs and for other the limit is Rs. 40 lakhs (Rs 10 lakhs for NE and hill states).
Name of the company is the identification of business in the world. In order to protect that name of the business, so that no one copies that name to take advantage of the reputation built by company, it becomes necessary to get the name of the business trademarked and protected from being copied in future.
There are several advantages of going ahead with MSME registration:
- MSME Business can get a loan at a cheaper rate
- There are several tax benefits to the industries operating as MSME
- MSMEs are allowed for MAT or minimum alternate tax that can be carried for up to 15 years
- Government has also given special benefits to MSMEs by opening certain tenders only for industries operating under MSME
- It is easier for MSME to get credit
- After successful MSME registration, the cost of a patent or setting up industries gets reduced as there are many concessions for such industries.
- Businesses registered under MSME have a higher preference for a government license.