cost of registering opc in india
The Cost of Registering an OPC in India
Introduction:
Starting a business in India has become more streamlined and accessible through various government initiatives and reforms. One such option is the One Person Company (OPC), which allows an individual to establish a company with the benefits of limited liability. In this article, we will explore the cost of registering an OPC in India and the related procedures, catering specifically to the Indian audience.
Understanding an OPC:
An OPC is a unique type of company where a single individual can act as both the director and the shareholder. This structure offers the advantage of limited liability, shielding the individual’s personal assets from business risks. To register an OPC, one must comply with the provisions of the Companies Act, 2013, and the rules set forth by the Ministry of Corporate Affairs (MCA).
Costs Involved in Registering an OPC:
1. Digital Signature Certificate (DSC):
To initiate the registration process, obtaining a Class 2 digital signature certificate is mandatory. The approximate cost for acquiring a DSC in India ranges from INR 800 to INR 2500, depending on the certifying authority.
2. Director Identification Number (DIN):
Every individual intending to become a director in the OPC must apply for a DIN. The DIN application fee is approximately INR 500, and it is a one-time cost.
3. Name Approval:
Choosing a unique name for the OPC is crucial. The registrar of companies (ROC) evaluates the name availability based on various criteria. A fee of around INR 1,000 is payable to apply for name availability.
4. Incorporation Fees:
Upon successful name approval, the applicant needs to file the incorporation documents with the ROC. The associated fees depend on the authorized capital. For an OPC with an authorized capital of up to INR 1 lakh, the fees can be around INR 2,000.
5. Stamp Duty on MOA and AOA:
Memorandum of Association (MOA) and Articles of Association (AOA) are essential documents for the OPC registration process. Stamp duty is payable based on the authorized capital and the state in which the OPC is registered. The stamp duty charges generally range from INR 200 to INR 1,000.
6. Professional Fees:
Many business owners choose to engage a professional service provider such as a chartered accountant or a company secretary to handle the registration process. Their fees vary based on the complexity of the case, expertise, and location. It is advisable to obtain fee quotes from multiple professionals and select one that suits your requirements.
Total Cost:
Considering the aforementioned expenses, the approximate total cost of registering an OPC in India can range from INR 5,000 to INR 10,000, depending on various factors such as professional fees, state-specific charges, and additional services.
Conclusion:
The cost of registering an OPC in India involves several essential components, including obtaining a DSC, acquiring a DIN, name approval, incorporation fees, stamp duty, and professional fees. By budgeting for these expenses, entrepreneurs can plan accordingly and fulfill the necessary requirements for registering their OPC. It is essential to note that the costs mentioned are approximate figures and may vary based on individual circumstances.,
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cost of registering opc in india
This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions.
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