Business Incorporation Services

Simplifying the process of incorporating private limited companies in India for seamless business operations.

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Register your private limited company quickly and efficiently with our expert assistance.

Compliance and Support

Ensure your business meets all legal requirements with our comprehensive compliance support services.

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📜 One Person Company (OPC) Incorporation in India

✏️ What is an OPC?

• A One Person Company (OPC) is a company that has only one person as its member and shareholder.

• Introduced under the Companies Act, 2013 to support solo entrepreneurs.

• The member enjoys limited liability.

• OPC is a separate legal entity from its owner.

🏗 Steps for OPC Incorporation

Step 1: Get Digital Signature Certificate (DSC)

• For the sole member and nominee.

• Documents required:

  • Photo

  • PAN Card

  • Identity proof

  • Address proof

Step 2: Director Identification Number (DIN)

• Apply DIN while filing the incorporation (no need for separate filing if using SPICe+).

Step 3: Name Approval via RUN or SPICe+

• Proposed name should include "(OPC) Private Limited" at the end.

• Names must be unique and not violate trademarks.

Step 4: Nominee Appointment

• Nominee is mandatory for OPC (who will take over if the sole member dies or is incapacitated).

• Nominee's consent (Form INC-3) must be obtained and filed.

Step 5: File Incorporation Forms (SPICe+ form)

• SPICe+ covers:

  • Incorporation

  • PAN and TAN

  • GST, EPFO, ESIC (if applicable)

  • Opening bank account

• Key documents needed:

  • MoA (Memorandum of Association)

  • AoA (Articles of Association)

  • Proof of registered office address (utility bill, rent agreement)

  • Consent from nominee (Form INC-3)

  • Identity proofs and address proofs

Step 6: Certificate of Incorporation (CoI)

• RoC issues a Certificate with a unique CIN (Corporate Identification Number).

📑 Post-Incorporation Compliance (Initial)

ActivityTimelineOpen Bank AccountImmediately after CoIInject Subscription CapitalWithin a few days after bank account openingFile Form INC-20A (Commencement of Business)Within 180 daysIssue Share CertificateWithin 60 days

🛡 Annual and Event-Based Compliances for OPC

Compliance TypeDescriptionDue Date

Annual Return (Form MGT-7A)File simplified Annual Return for OPCs.Within 60 days from AGM (AGM not mandatory for OPC, but within 180 days from financial year end).

Financial Statements (Form AOC-4)Filing audited financial statements.Within 180 days from the closure of financial year.

Income Tax Return (ITR-6)Income tax filing even if no income.31st October (if audit applicable), otherwise 31st July.

Board MeetingAt least one board meeting in each half of the calendar year with a minimum gap of 90 days (Exemptions available if only one director).

Appointment of AuditorWithin 30 days of incorporation.

Statutory RegistersMaintain register of members, contracts, charges, etc.

🛠 Important Event-Based Compliances

EventForm to be Filed

Change in NomineeForm INC-4

Change in Registered OfficeForm INC-22

Increase in CapitalForm SH-7

Conversion into Private/Public Company (if thresholds crossed)Form INC-6

🔔 Threshold for Mandatory Conversion to Private/Public Company

• If:

  • Paid-up share capital > ₹50 lakh, or

  • Annual turnover > ₹2 crore

• Then the OPC must mandatorily convert into a private/public company within 6 months.

📈 Advantages of OPC

• Separate Legal Entity

• Limited Liability

• Ease of Incorporation and Management

• Less compliance burden compared to Private Limited Company

• Better creditworthiness than sole proprietorship

⚠️ Penalties for Non-Compliance

• Fine on company and officer: ₹10,000 to ₹1,00,000 (depends on nature of non-compliance).

• Directors can be disqualified if repeated non-compliance occurs.

📋 OPC Incorporation and Compliance Quick Checklist

TaskTimelineDSC and DINPre-IncorporationName ReservationBefore IncorporationFiling SPICe+ and INC-3IncorporationBank Account OpeningPost IncorporationFiling INC-20AWithin 180 daysAppointment of AuditorWithin 30 daysFiling AOC-4 and MGT-7AAnnuallyITR FilingAnnually