(for Indian residents only)
Professional Fees for Company Incorporation including Name Search and Reservation, MOA & AOA preparation, Incorporation Application, DIN, PAN, TAN, Assistance in opening bank accounts
NOTE: DSC procurement cost and any government fees are billed based on actual costs.
* Prices are higher for OPC registration in Kerala, Madhya Pradesh and Punjab on account of higher stamp duty.
The latest form of business introduced by Companies Act, 2013 is “One Person Company (OPC)”, which is a parallel and more structured form of Proprietorship. OPC Registration requires only one member to create this company and at the same time it has a separate legal entity, offers limited liability protection and enjoys stability and continuity of business. OPC Registration usually takes 10-15 days.
Every OPC has to mandatorily nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. An OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year.
It usually takes 10-15 days to register an OPC through SPICe INC-32 (A single application for Reservation of Name, Incorporation of Company, Allotment of DIN), subject to ROC processing time. VenturEasy makes OPC Registration easy for you.
1-3 working days
7-9 working days
1-3 working days
| Factors of Comparison | Private Limited Company | One Person Company | Limited Liability Partnership |
|---|---|---|---|
| Minimum Requirement | Members – 2 Directors – 2 |
Member – 1 Director – 1 Nominee of Sole Member – 1 |
Designated Partners – 2 |
| Minimum Capital | No minimum requirement | No minimum requirement | No minimum requirement |
| Regulator | Registrar of Companies | Registrar of Companies | Registrar of Companies |
| Compliance Requirements | Annual Return Filing Board Meetings & General Meetings |
Annual Return Filing No Board Meetings, if only one director No General Meetings |
Annual Return Filing |
| Taxation | Taxed at 30% | Taxed at 30% | Taxed at 30% |
| Credibility | High | Medium | Medium |
| Investor Preference | High | Low | Medium |
| Statutory Audit | Compulsory | Compulsory | If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs |
| Conversion | Can be converted into LLP | Cannot be converted before 2 years | Cannot be directly converted into a Private Limited Company |
| Time Taken for Registration | 15 – 20 Days | 10 – 15 Days | 15 – 20 Days |
| Procedure | Obtain DSC (Digital Signature Certificate) MoA & AoA, INC-32 Incorporation Filing PAN, TAN Applications |
Obtain DSC (Digital Signature Certificate) MoA & AoA, INC-32 Incorporation Filing PAN, TAN Applications |
Obtain DSC (Digital Signature Certificate) Obtain DPIN (Designated Partner Identification Number) Name Approval Filing for Incorporation File LLP Agreement PAN, TAN Applications |
If someone would have said that I would be working with a company which is 2200 kms away to register and audit my company , I would have just laughed it off. It started with the registration of my company and now they are taking care of the entire compliance process. The whole process is streamlined and professional.
I know nothing about company procedures as we are a startup and VenturEasy assured we can work on our business while they would take care of everything else. Would definitely recommend them.
I feel working with VenturEasy was a seamless process for me as they took care of the entire documentation process without me having to look into it at all. This was important as I could still focus on my core business development activities and rest assured that the incorporation process is also been taken care of.
Please go ahead without any hesitation to work with VenturEasy as you are in safe hands. A very professional and dedicated team is supporting you and they are flexible too.