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One-person company registration (OPC) is a new form of business that has been introduced by the Companies Act 2013, with the introduction of OPC now even a single person can register a private limited company. An Indian citizen who prefers to register a company can still register OPC only with one person as director and member. There is less compliance compared to a regular private limited company.
One person company is a limited liability private company registered with ministry of corporate affairs, the activities and functions are monitored by Ministry of corporate affairs by means of periodical return and forms filed by the one-person company. OPC is the only form of business in India with limited liability and which can be formed by one person. IT gives complete control over the activities of the business like proprietorship as well as benefits of private limited company
One person company registration in Chennai is formed by application to registrar of companies. The first process is application of proposed OPC name application followed by digital signature and DSC certificate. Once the name is approved, the document for company registration is filed with ministry of corporate affairs in online mode.
- Pan card individual
- ID proof of director / member – Aadhaar card/ Voter id / Passport/driving license
- Address proof no director or member -bank statements/ telephone bills / mobile bills/ electricity bill
- Passport size photo of director Rental agreement for a business address in the name of the business
- Latest Electricity bill for the business for practical purpose it should not be older than 1 month.
- No objection certificate from the premises’ owner of the business address.
Pricing:
₹10000
Steps to Register
OPC registration consultation
In this step, the client will be advised about other forms of business and the suitability of OPC for their nature of business.
1
Submission of name approval form
Application for name approval will be submitted to MCA, with the first two names and on rejection, another two names will be submitted
2
DSC Processing
A digital signature certificate is applied for the OPC director after name approval.
3
Documentation
Documents such as rental agreements, and other documents required for company registration will be provided to the client.
4
Submission and approval
Signed documents along with an online application for company registration will be submitted to the registrar of companies
5
Compliance advisory
Brief information about regular periodical compliance will be provided to the client
6
From Auditor DESK
One-person company registration is recommended as the last option if other forms of business are not suitable.Frequently Asked Questions
We make it easy for you to find the answer to frequently asked questions here...
One person company name should end with the words (OPC) private limited So after the words private limited (OPC) in brackets is mandatory after company name and before the words private limited
One person company has the benefit of perpetual succession n case of the unexpected event the nominee of the OPC becomes the member of the company and the company will exist.
Statutory audit under the companies act is mandatory for OPC, an auditor appointed under the companies act is required to audit and provide a statutory audit report
Conversion of OPC into private limited is required when the paid-up share capital exceeds Rs.50 lakhs or when the aggregate turnover in preceding three financial years exceeds Rs.2 crores
OPC cannot add shareholders, if there is a requirement to add a shareholder then it is first recommended to convert OPC into a regular private limited company and then add a shareholder
