One Person Company Registration in Chennai
Get to own your own Company and be your own BOSS!
With us, you get your One Person Company in Chennai at ease.
Get your OPC Registration at ease. Save more than 35 % at
INR 10000
*Prices are inclusive of taxes and stamp duties for an authorised capital of Rs. 100000 and 2 directors.
What is One Person Company Registration in Chennai
One person Company is the best alternative for someone who wants to enjoy the benefits of independence that’s found in a Sole Proprietorship while being protected by Limited Liability. As per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company.
Features of a One Person Company
Nominee
One nominee should be appointed for the sole member. The nominee should be an Indian citizen, 18+ years of age whether a resident of India or otherwise.
Number of Members
A One Person company should have a minimum and maximum of 1 member. The member should be an Indian Citizen whether a resident of India or otherwise.
Number of Directors
The company should have a minimum of 1 and a maximum of 15 directors. The single member may also be the director.
Paid-up Capital
There is no requirement of a minimum paid-up share capital w.e.f 2015. A company can be formed with a mere sum of Rs. 10000 as its share capital.
Benefits of One Person Company Registration in Chennai
Limited Liability for owners
The liability of the owners is limited meaning they are not personally liable and their liability shall be limited to their Capital Contribution.
Independence
Take independent decisions and handle your business according to your terms as a sole member and sole director.
Relaxed Compliance Framework
OPC has fewer Compliances compared to a private limited Company. Annual secretarial compliances are relaxed for one person companies.
Continuity of Existence
The death or cessation of the member shall not affect the continuity of the Company since the Company is a separate legal entity.
Documents required for One Person Company Registration
Documents of Directors/Members
- PAN Card
- Aadhaar Card
- Passport Size photo
- Residential Proof- recent EB/Gas bill/phone bill/Bank statement
Documents of the registered office
- NOC in stamp paper from the owner of the registered office
- Office address Proof- recent EB/phone bill
Note
- The Name and address in the Residential proofs of directors and Registered Office proofs should be clear and complete.
- In case of NRI or Foreign National, documents of director (s) must be notarized and apostilled by the competent authority in the country of residence.
Company Registration Process in Chennai
Subscribe and answer a few questions
- Choose the package that suits you
- Make your payment through our secured gateway
- Answer a few quick questions
- Our Expert will connect with you and receive all documents
Incorporation Procedure
- Designated expert interaction
- Company name availability check
- Procurement of Digital Signatures
- Obtaining Forms signed by Director and Nominee
- Drafting of MOA and AOA
- Certification of applications by CA/CS
- Filing applications for Incorporation
Company gets registered
10-15 days is all it takes to get your One Person company registered*
*From date of receiving complete set of documents and details subject to government portal downtime.
What do you get in a One Person Company registration?
DSC for Director
Incorporation Certificate
PAN of Company
TAN of Company
PF & ESI registration
Memorandum of Association
Articles of Association
DIN for Director
Testimonials
Different Types of companies
Lets Compare the features of different types of companies
- minimum 1 member
- limited liability
- medium compliance
- Difficult to raise capital
- Company profits and dividends are taxable
- minimum 2 members
- limited liability
- high compliance procedures
- Easy to raise capital
- Company profits and dividends are taxable
- minimum 2 members
- limited liability
- low compliance procedures
- can raise capital
- Tax Efficient
*Prices are inclusive of taxes and stamp duties for an authorised capital of Rs. 100000 and 2 directors.
In case of capital more than Rs.100000 or more than 2 directors or if any customisation required, please contact us. We will fix you the best price !
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