One Person Company (OPC)
Private limited company

One Person Company
(OPC)
Private Limited Company

One Person Company (OPC) Private Limited Company

Features of One Person Company (OPC) Private Limited Company

  • OPC is and Organized Sector Of Proprietorship Company
  • No requirement to hold Annual General Meeting (AGM) or Extra Ordinary General Meeting
  • OPC has to conduct board meetings (in every six months of the calendar year and the gap between the meetings should not be less than ninety days.)where there are more than one director
  • A Natural Person who is Indian Citizen and who has stayed in India for 120 days in immediately preceding year can Incorporate a OPC and He/She has to appoint a nominee also who can takeover in event of his/her death
  • Liability of shareholder is limited to the extent of his shareholding in the company.
  • OPC Private Limited Company has separate legal Entity, Which can sue or can be sued
  • It has perpetual succession. It means Company has existence, no matter how many changes occur in Membership.
  • Income Tax Rate is 25% of Taxable Income
  • Directors remuneration is taxable under the head “Salary” and it has no capping

Simple Pricing

OPC
Rs.7,499 /-
OPC Registration
with 1 DSC, 1 DIN *
Upto Rs. 5 Lakhs  Authorised Capital
Incorporation fee
Stamp Duty
Certificate of Incorporation & Commencement
PAN & TAN
Professional Tax Registration
PF & ESIC
Eorder

After Incorporation OPC Pvt Ltd Company Can Register for

  • Import Export Code (IEC)
  • GST Registration
  • Udyam Adhar (MSME)

Deliverables

  • DPIN of Designated Partners
  • DSC of Designated Partners
  • LLP Agreement
  • Incorporation Certificate of LLP
  • PAN of LLP
  • TAN of LLP
Steps to Form Company
0
Collect Checklisted Documents
Information & Photos
0
PREPARE DOCUMENTS, LLP DEED & GET SIGNED
0
Apply for
Digital
Signatures
0
Upload with desired name in FILLIP Form

& Submit LLP Agreement

Timeline

  • Certificate of Incorporation : 10 – 15 days after all Documents
  • PAN Card : 10 – 15 days after certificate of commencement (Physical PAN)
  • E-PAN : within 5 – 7 days
  • GST Registration : 2 – 3 days after PAN Number Allotment

Features of Limited Liability Partnership (LLP)

Taxation
LLP is treated on a par with partnership firms. Thus, LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable. Provision of ‘deemed dividend’ under income tax law, is not applicable to LLP. Section 40(b): Interest to partners, any payment of salary, bonus, commission or remuneration allowed as deduction.
LEGAL & SEPARATE ENTITY
LLP having features as limited liability and a separate legal entity status, which means the LLP shall be considered as a separate entity from the partners / designated Partners of LLP. Therefore it has legal Capacities of its own and can take a legal action against frauds.
Limited Liability
LLP has a limited liability to the extent of contribution of the Partners. The liability of LLP is limited to its assets only, personal properties of partners / designated Partners is not considered for the liability of LLP to Creditors.
LESSER COMPLIANCE & RESTRICTIONS
A LLP does not require audit if it has less than Rs. 40 lakhs of turnover and less than Rs.25 lakhs of capital contribution. Can take Unsecured loan freely from anyone. Less Annual RoC Compliances as compared to Private Limited
Perpetual Succession
A LLP has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A LLP being a separate legal person, is unaffected by the death or other departure of any Partner. Hence, a LLP continues to be in existence irrespective of the changes in ownership.
Flexible to Manage
LLP Act 2008 gives LLP the at most freedom to manage its own affairs. Partner can decide the way they want to run and manage the LLP, in form of LLP Agreement. The LLP Act does not regulated the LLP to large extent rather than allows partners the liberty to manage it as per their will and fancies.
Tax Baniya
Register Your Limited Liability Partnership (LLP) In India
Upload Documents

Information Required for Company Registration

Name of LLP

Significance of LLP Name

Object of LLP

Contributions

Email id of Partners

Mobile Number of Partners

info@taxbaniya.com
+91-89282 31748

For Expert Assistance

Documents Required for Company Registration

Photos

of Partners & Designated Partners

PAN Card of Partners & Designated Partners

PAN Card of Indian Partners or
Passport of Foreign Applicants

Address Proof of Partners & Designated Partners

Any one of (Latest 1 month old)

  • Electricity bill or Telephone bill or Mobile bill or Bank Statement

Identity Proof of Partners & Designated Partners

Any one of the  Passport or Driving Licence or  Voter Id-card
or Aadhar Card

Address Proof of Registered Office Place

Any one of the (Latest 1 month old)

  • Electricity bill or Telephone bill or Mobile bill or Bank Statement &
  • No Objection Certificate (NOC ) From Landlord

In case of Foreign National

Passport is mandatory in case of Foreign national and if partner is foreign company then charter of company shall be required and all documents related to foreign individual and company shall be Notarised / Appostiled in the foreign home country of applicant (Not required if BUSINESS VISA is valid and applicant is available in India while forming LLP)

Click to Chat Now