Name Approval<\/strong><\/p>\n\n\n\nSelect a distinct name for your one-person company. Before name approval, it must be ensured that the chosen name meets MCA’s name guidelines.<\/p>\n\n\n\n
Documentation<\/strong><\/p>\n\n\n\nCollect the necessary documents, including the MoA (Memorandum of Association) and AoA (Articles of Association), as well as proof of identity and address, along with any other required documents.<\/p>\n\n\n\n
File Application<\/strong><\/p>\n\n\n\nTo apply OPC, use the SPICe+ form. Attach all the documents with this form through the MCA portal.<\/p>\n\n\n\n
Pay Fee<\/strong><\/p>\n\n\n\nMake the payment for DSC approval and also for professional service (if required). <\/p>\n\n\n\n
Certificate of Incorporation<\/strong><\/p>\n\n\n\nAfter the complete documentation and registration, the Registrar of Companies will issue the Certificate of Incorporation (CoI). This is the stage where your company registers officially as an OPC. <\/p>\n\n\n\n
Startup India Recognition<\/strong><\/p>\n\n\n\nTo gain the government’s advantages, you can apply for the “Startup India Recognition”. <\/p>\n\n\n\n
Final Thoughts | Company Registration Online in India<\/strong><\/h3>\n\n\n\n<\/p>\n\n\n\n
In essence, the government fee waiver simplifies the One Person Company (OPC) registration<\/strong> by eliminating the MCA-required fee for OPC incorporation. This means there is no need to pay the standard fee to the MCA. Before starting the process for OPC registration, understand the government schemes and also be aware of other associated costs. To incorporate your one-person company in India, get in touch with a professional who will assist you throughout the process. <\/p>\n\n\n\nFAQ | OPC Business Registration in India<\/strong><\/h3>\n\n\n\n<\/p>\n\n\n\n
1. What is the cost of OPC registration in India?<\/strong><\/p>\n\n\n\nAns. The cost of one-person company registration depends on the state rules. For individuals registering a company in Karnataka, the registration fee amounts to Rs 19,499.<\/p>\n\n\n\n
2. What is the drawback of OPC?<\/strong><\/p>\n\n\n\nAns. The common disadvantage of a one-person company is that it is only suitable for small companies. OPC becomes the victim of higher tax liability and is also restricted from certain activities.<\/p>\n\n\n\n
3. What is the maximum number of directors required in a company?<\/strong><\/p>\n\n\n\nAns. An OPC can have a maximum of 15 directors. However, the shareholder and member must be a single individual. <\/p>\n\n\n\n
4. What is the difference between authorized vs. paid-up?<\/strong><\/p>\n\n\n\nAns. Authorized capital refers to the total amount invested in shares, while paid-up capital is the amount actually paid by the shareholders in a company.<\/p>\n\n\n\n
5. When is a person’s company required to convert into a private limited company?<\/strong><\/p>\n\n\n\nAns. When the paid-up capital exceeds Rs 50 lakh and the turnover for three consecutive years surpasses Rs 2 crore, the OPC is required to convert into a private limited company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian government schemes play a crucial role for the startups that want to grow fast with minimum investment. Even for the individual entrepreneur, the authority […]<\/p>\n","protected":false},"author":5,"featured_media":8476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[934,560],"tags":[1021,984,1020,15],"class_list":["post-8475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-one-person-company","tag-business-registration-online-process","tag-company-registration-fees","tag-one-person-company-online-in-india","tag-opc"],"yoast_head":"\n
Best One Person Company Registration Without Paying Govt Fees!<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n