One Person Company (OPC) is a type of business structure that enables a single entrepreneur to set up a company. The OPC is considered as a new concept that was introduced under the Companies Act, 2013. It allows a sole proprietor to operate a business as a separate legal entity without any partner or co-director. The OPC registration process is administered by the Ministry of Corporate Affairs (MCA). In this article, we will discuss the registration fees associated with the OPC.
The registration fees for an OPC vary based on several factors, such as the authorized capital, professional fees, and stamp duty.
The authorized capital of an OPC is the maximum amount of capital that the company can issue. The registration fees for an OPC is determined based on the authorized capital of the company. The authorized capital for an OPC can range from Rs. 1 lakh to Rs. 2 crores. The registration fees for an OPC with an authorized capital up to Rs. 10 lakhs is Rs. 500. For authorized capital exceeding Rs. 10 lakhs and up to Rs. 50 lakhs, the registration fees is Rs. 2,000. For authorized capital exceeding Rs. 50 lakhs and up to Rs. 1 crore, the registration fees is Rs. 3,000. For authorized capital exceeding Rs. 1 crore and up to Rs. 2 crores, the registration fees is Rs. 5,000.
Professional fees are the fees charged by professionals like Chartered Accountants, Company Secretaries, and Lawyers for their services. The professional fees for OPC registration vary based on the services provided by the professional. The professional fees for an OPC registration in India generally range from Rs. 5,000 to Rs. 15,000. The professional fees depend on various factors such as the location of the professional, complexity of the registration process, and time required to complete the registration process.
Stamp duty is a state tax that is levied on legal documents such as agreements, deeds, and contracts. The stamp duty for OPC registration also varies from state to state. The stamp duty for an OPC registration in India is generally 0.1% of the authorized capital of the company. However, the stamp duty can vary based on the state in which the company is registered.
The registration fees for an OPC registration is determined by various factors such as the authorized capital, professional fees, and stamp duty. The registration fees for an OPC with an authorized capital up to Rs. 10 lakhs is Rs. 500. For authorized capital exceeding Rs. 10 lakhs and up to Rs. 50 lakhs, the registration fees is Rs. 2,000. For authorized capital exceeding Rs. 50 lakhs and up to Rs. 1 crore, the registration fees is Rs. 3,000. For authorized capital exceeding Rs. 1 crore and up to Rs. 2 crores, the registration fees is Rs. 5,000. The professional fees for an OPC registration vary based on the services provided by the professional. The stamp duty for an OPC registration in India is generally 0.1% of the authorized capital of the company.
It is essential to note that the registration fees and stamp duty may vary from state to state. Therefore, it is advisable to consult a professional for the exact registration fees and stamp duty applicable in your state. OPC registration is a straightforward process, and with the right guidance and assistance, it can be completed without any hassle. If you are looking to start your business as a sole proprietor and want to establish an OPC, make sure to consider all the factors mentioned above to calculate the stamp duty.