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One Person Company
One Person Company for Business
Why One Person Company
1. To enjoy the same benefit as of PLC with one Director
2. Best to running a whole owned family business without external interference.
3. Needed 1 person to start as Director with one Nominee
2. Best to running a whole owned family business without external interference.
3. Needed 1 person to start as Director with one Nominee
Our Package Includes
1 Class 3 Digital Signature with 2 years validity.
1 Directors Identification Number ( DIN )
MOA and AOA of the company
PAN and TAN of the company
EPF / ESIC Registration
GST Registration
Bank Account opening
Udyam Registration
Name Reservation ( optional ) – separate charges
Stamp Duty as per state – separate charges
Additional Benefits Under Build Better Business Package
Business loan assistance
Startup funding assistance
DIPP Registration / Startup India Recognition
Basic
₹
9999/-
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One Person Company Registration package
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DIPP Registration
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Business loan assistance
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Startup funding assistance
Premium
₹
19999/-
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All including in Basic Package
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Annual Compliances for one year
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GST Filing for one year
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ITR filing for one year
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Our Process
How Coinshell Work
FAQ
Frequently Asked Questions
No, company registration is a fully online process. All the files are documented digitally, you would not need to be physically present at all. You just have to send us scanned copies of all the documents required.
An OPC is a better substitute to run a sole proprietorship, because it gives limited liability to the owner of the business. This means that your responsibility is limited to the amount you’ve invested in the business. Also, the business debts cannot be reclaimed from personal possessions. In a sole proprietorship ceases to exist on the death of its promoter.In the cases of OPC, the nominee as the director takes over the business and the entity continues to exist. The entrepreneurs who do not have another partner to start a private limited company may also consider and choose OPC.
Only Indian residents are eligible to register OPC, and as published by the ministry it is done, one at a time.
The DSC is an electronic key issued by six certified authorities, which is basically used to prove, certify and confirm an individual’s identity on the internet.
Just as Private limited companies, OPC also needs an authorised capital of Rs. 1 lakh to begin with, but none of this actually needs to be paid-up that means that the individual does not literally need to invest any money into the business..
The MCA is generally doubtful about a single person owning a large corporation. That is why, all OPCs should be converted into private limited or public limited companies on crossing a certain revenue number. Presently, an average turnover of Rs. 2 crore or more for the three consecutive years or a paid-up capital of over Rs. 50 lakh, it is obligatory to convert OPC into Private Limited Company.
There are certain restrictions in an OPC as only the business owner can be its only director and shareholder. There is also a Nominee director, but this person is power less whatsoever for raising equity funds or offer employee stock options. The nominee is given power only to take over the business incase of death or incapacitation of the director. The nominee is chosen by the director, and can be anyone, such as your friend, family, sibling. The nominee’s Identity proof is also submitted during registration of an OPC.
No, there is no such provision. An individual can form only one OPC at a time. This rule applies to the nominee in an OPC, too.
No advantages in general, though some industry-specific advantages are available, it depends on the specific industry. Tax is to be paid at a flat rate of 30% on profits, Dividend Distribution Tax applies, as does Minimum Alternate Tax
The business must have maintained books of accounts,submit income tax returns and annual filings with the RoC and comply with statutory audit requirements.
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