A One Person Company (OPC) registration in Chennai, Tamil Nadu is the latest form of business structure in India which was introduced by the Companies Act, 2013 and abbreviation OPC stands for a One Person Company. This business structure was launched to give a boost to entrepreneurial ideas of the people who have a higher potential to begin their business venture as a one member army. These businesses are usually micro- businesses where the turnover is not likely to surpass Rs. 2 crores even in the best case scenarios.
Requirements for One Person Company Registration in Tamil nadu
First of all, a strong financial base for the company is given by the ₹1 lakh minimum paid-up capital needed for an OPC registration in Chennai online. Second, to ensure obedience to the legal framework, the OPC’s only shareholder and member must be a resident Indian person. Furthermore, meeting the age standard requires the single member and chairman to be at least eighteen.
To show a real presence and obedience to the state’s rules, the OPC must also have a recognised office in Tamil Nadu. Finally, according to Registrar of Companies (ROC) rules, the suggested name of the OPC must be original and not the same or similar to any name of a current business. Entrepreneurs in Chennai can form a One Person Company and take use of its benefits, which include limited responsibility and a different legal body.
Benefits of OPC Registration in Tamil nadu
Eligibility Criteria for OPC Formation in Tamil nadu
The promoter must be an Indian citizen and have resided in India for at least 182 days in the preceding year.
Documents Needed for OPC Registration
Name Proof: To prove their name and meet legal requirements, the single shareholder and director must send a copy of their PAN or Aadhaar card.
● Evidence of Address: To prove the home address for official papers, the single shareholder and director must send a copy of their address proof, like a utility bill or bank account.
● Proof of Registered Office Address: To show the real location of the OPC in Chennai, a copy of the proof of the registered office address—such as a power bill or lease agreement—must be given.
● Memorandum of Association (MOA): The OPC’s actions and formal structure are described in large part by the MOA, which describes the company’s goals and power.
● Articles of Association (AOA): To build the OPC’s working standards and control framework, the AOA—a document describing the company’s internal rules and regulations—must be given.
● Director Identification Number (DIN): One important step in easing the tasks of the sole member and director in the OPC and uniquely identifying them in official records is to receive their DIN.
Important Documents:
● PAN & Aadhaar self-attested
● Nominee’s phone number and email address
● Nominee’s Voter ID/Passport/Driving licence
● Passport-sized photos
● Memorandum of Association
● Articles of Association
● Aadhar Card or Voter ID copy
● Copy of PAN card
● The proof of the ownership of the Registered Office and NOC of the owner
Registration Process Overview for OPC in Tamil nadu
Digital Signature Acquisition
Obtain a Digital Signature Certificate for the director to Digital Signature Certificate (DSC):
Obtain a DSC for the intended director. This digital signature is essential for submitting documents electronically to the Ministry of Corporate Affairs (MCA).
Director Identification Number (DIN)
Apply for a DIN for the sole director of the OPC. This unique number is required for anyone intending to be a director within an Indian company.
Name Reservation (RUN Form or SPICe+ Part A)
Reserve a name for your OPC using the Reserve Unique Name (RUN) service or directly through the SPICe+ Part A form. Ensure the name is unique and not infringing on existing trademarks or company names.
Preparation of Key Documents
Draft the Memorandum of Association (MoA) and Articles of Association (AoA), which are crucial documents outlining the objectives and rules of your OPC.
Nominee Appointment
Select a nominee who will take over the OPC in the event of the sole member’s death or incapacity. Obtain consent from the nominee, which is a mandatory step in the OPC incorporation process.
Filling SPICe+ Form (Part B)
Attach necessary documents to the SPICe+ form, including the MoA and AoA, identity and address proofs of the member and nominee, registered office proof, and the nominee’s consent in Form INC-3.
Attachments to the SPICe+ Form
Attach necessary documents to the SPICe+ form, including the MoA and AoA, identity and address proofs of the member and nominee, registered office proof, and the nominee’s consent in Form INC-3.
Submission and Review
Submit the completed SPICe+ form and all attachments to the MCA portal. The Registrar of Companies (RoC) in Tamil nadu will review the application.
Certificate of Incorporation
Upon approval, the RoC will issue a Certificate of Incorporation, marking the official registration of your OPC. This certificate includes the company’s CIN (Corporate Identity Number). The PAN and TAN for the OPC will be automatically generated along with the certificate.
Post-Incorporation Compliance:
After incorporation, there are a few compliance requirements, such as the appointment of the first auditor within 30 days, opening a bank account, and any applicable registrations like GST, depending on the business activities and turnover.
FAQs
What is a one person company?
An OPC is a private limited company with one registered Indian person acting as both chairman and shareholder.
Can an OPC become a public limited company?
Not at all possible to turn an OPC into a public limited business. Its sole change choice is private limited company.