OPC INCORPORATION

Be a proprietor without the unlimited liability!

Prices start at
INR 14999 /- only.

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All you need to know about OPC

Okay, let’s break down the One Person Company (OPC) in Kerala in a simple way:

So, here’s what you need to know:

Starting with the basics:
1.Solo Entrepreneurship
OPCs can enter business solo while enjoying the benefits of a private company structure.

2.Limited Liability
Your personal property is protected by one person company registration. That means if you go well, your personal belongings will
remain untouched.

3. Keep it Legal
Follow the rules laid down in the 2013 Companies Act.
4. Stay Resident Always
Only citizens and residents of India can ride the OPC wave.

5. One at a time
You can’t juggle multiple OPCs.

Features of a One Person Company (OPC) in India

Lets have a look at some unique features of an OPC

Single Ownership

The individual can have 100% ownership of the business as OPC can be formed with just one person.

Limited Liability

It is limited to company assets and personal assets are protected in case of financial accountability or debt incurred by the company.

Separate Legal Entity

OPC is a separate legal entity that can own assets, make contracts, and engage in legal actions independently.

Nominee Director

OPC must appoint a nominee director named in the memorandum of association (MOA) to manage and own the company if the owner is unable to do so.

Minimum Capital Requirement

OPC formation doesn’t include any minimum capital requirement.

Mandatory Conversion

If an OPC's paid-up share capital exceeds ₹50 lakhs or its average annual turnover exceeds ₹2 crores, it must convert into a private limited company within 6 months.

Compliance Requirements

OPCs must fulfill statutory obligations such as filing financial statements and annual returns with the Registrar of Companies (RoC). However, they have certain exemptions and compliance procedures compared to private limited companies.

Taxation

OPCs are subject to the same tax rates and regulations as private limited companies, including the payment of income tax on their profits according to applicable tax laws.

Documents Required for One Person Company Registration Process

Quick Checklist

Photograph of all the Directors and shareholders
PAN Card of all the Directors and shareholders
Self-Attested ID Proof of all the Directors (Driving License/Passport/Voter ID)
Electricity Bill or any other utility bill for the address proof of the Registered Office

FAQs On Sole Proprietorship Firm Registration

Get answers to all your queries

- OPC incorporation involves registering a business entity with a single owner, providing limited liability protection just like a private limited company , but there is no requirement of a two members or directors

- Essential documents include identification proof, address proof, etc. Get in touch with our team to obtain a detailed checklist

- Yes, OPC registration can be done online with team Clearbiz wherever you are

- The process involves name approval, obtaining a digital signature certificate, filing of forms online, and obtaining the incorporation Certificate.To learn more, get in touch with us at info@clearbiz.in

- Costs include government fees, stamp duty, and service fees, with pricing tailored to your specific requirements. Get your quote today .Drop an email at info@clearbiz.in

- GST registration is mandatory for OPC if the turnover exceeds the prescribed threshold limits. This varies from state to state

- No, there is no minimum capital requirement for OPC registration, offering flexibility to entrepreneurs.

Ready Set Go :give wings to your entrepreneurial dreams with One Person Company Registration

Welcome to Clearbiz partner to all your business visions.
All alone to start a business, but yet do not want to take up the unlimited liabilities of a sole proprietor. One person company registration might be the best fit for your business .Enjoy the operational flexibility of a sole proprietor by being your own boss at the same time. Avail the benefits of limited liability just like a private limited company

Benefits of OPC Registration

1.Limited Liability Protection: Unlike a sole proprietor, you
are guarded against business losses and misfortunes, Register
as an OPC .Shield your personal assets from business
liabilities.
2.Simplified Compliance: Unlike a private limited company , the
legal compliances are a tad bit easier for a registered one
person company
3.Enhanced Credibility: Build trust and credibility with
stakeholders and customers. A One person company definitely
enjoy a much greater acceptance than a sole proprietor since
it comes under the scanner of regulatory authorities and is
better monitored
4.Easier Access to Funds: Banks and financial institutions avail
assistance to a registered entity musch easily due to
protection offered by companies act 2013

OPC Registration Process:

Lets understand the OPC Incorporation Process in a nutshell

1.OPC Name Approval: The First step is procuring the name for
your OPC from MCA. For this we will file a application for
name approval , stating why the name need to be alloted to you
OPC
2.Digital Signature Certificate (DSC): All MCA Filings are
completely online . Hence the director must obtain a DSC to
sign all documents
3.Document Preparation ;Our expert legal team will draft a
detailed MOA and AOA for your OPC laying the foundation and
byelaws
4.Filing of Forms: Then we will Complete the online filing of
forms such as SPICe for seamless registration.
5.Incorporation Certificate: Upon successful submission of
documents .MCA will examine the forms and if all documents are
seen to be in order OPC will receive the incorporation
certificate promptly, marking the official commencement of
your OPC.

Experience the convenience of online registration, ensuring efficiency and speed by entrusting the incorporation service with our expert team.

OPC Registration Cost

Gain transparency on costs involved:
1.Government Fees: Understand the breakdown of government charges,
including stamp duty.The government charges stamp duty
depends entirely on the state in which your registered office of
your OPC is as well as amount of capital
2.Our Service Fee: Benefit from our affordable service fees,
tailored to your specific needs. Avail a complimentary
consultation session to discuss pricing details Contact team
clearbiz today
Documents Required for Incorporation of One Person Company:
Ensure you have all necessary documents ready, including identification proof, address proof, and memorandum of association.

Why Choose Us for Your OPC Incorporation?

Partner with us for:
– At Clear Biz, we understand that beginning your One Person Company registration can be an overwhelming affair . That’s why we’re committed to provide you with the best support and resources

Streamlined Online Process:
Our all digital online process is designed to streamline the one person company registration technique, making it less difficult and more effortless than ever before. With step-by step guidance, your OPC incoproration experience will be a cake walk

Expert Assistance:
We are the experts .Our team consist of specialists best in class consultants is right here to provide you with assistance on every step, Whether you’ve got questions on documentation accepts or regulatory timelines , clearbiz has got your back

Affordable Fees:
We trust that starting a business should break ones’s back. That’s why we provide transparent and low cost pricing options tailor-made in your specific desires and price range. Our rating systems are designed to provide you with maximum value in your money ensuring you get the best professional support

Timely Completion:
We recognize that time is of the essence in relation to starting your OPC. That’s why we’re dedicated to making sure completion of your OPC registration efficient. From document verification to expedited filing and processing, we diligently ensure your registration is completed in a speedy manner