Apply Here For One Person Company Registration





One Person Company or OPC Registration in Chennai

Starting @ 9999/-

✔ Company Name Reservation

✔ DIN for 1 Director

✔ Digital Signature for 1 Director

✔ MOA & AOA

✔ PAN & TAN

✔ Share Certificates

✔ Guidance to open local Bank Account

✔ Includes Professional Fees

✔ NO HIDDEN FEES.

*Price valid for Whole India except Punjab, MP, Kerala, Karnataka. GST separate.

One Person Company or OPC Registration in Chennai

Starting @ 9999/-

✔ Company Name Reservation

✔ DIN for 1 Director

✔ Digital Signature for 1 Director

✔ MOA & AOA

✔ PAN & TAN

✔ Share Certificates

✔ Guidance to open local Bank Account

✔ Includes Professional Fees

✔ NO HIDDEN FEES.

* Price valid for Whole India except Punjab, MP, Kerala, Karnataka. Government fees separate.

Apply Here For One Person Company Registration





One Person Company Registration in Chennai

Finance Bazaar provides fast and cost-effective methods for company registration services for its clients in Chennai. Your one person company registration in Chennai can be done within 15 working days.

'One Person Company' (OPC) has been introduced by the Businesses Act, 2013. OPC will give the young businessperson all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity.

OPC is a Private Company for all the legal functions with only one member. Indian who is also a citizen of India is eligible to incorporate an OPC.

One Person Company Registration

The idea for a one person company was floated in 2005 by the team of expert headed by Dr. J. J. Irani and integrated as a law under the Companies Act of 2013. With the law precisely stating that, 'One Person Company means a company which has only one member, ' it offers an ideal opportunity for startup ventures to function as a legal entity.

However, only born Indians are entitled to form and register an OPC. No single person can operate more than 5 such businesses at the same time.

It is a relatively novel concept where an individual has the entire control of the business. However, there are no shareholders for the business. The liabilities are at a minimum too making it the number one choice of young entrepreneurs who are hoping to gain a foothold in the business world. The proprietor doubles up as the director here while the second person is a nominee director with absolutely no power except when the director is incapable of functioning properly. Furthermore, the OPC needs to be converted into a ‘Private Limited Company’ if turnover exceeds 50 lakhs or a ‘Public Limited’ if it has an average turnover exceeding 2 crores.

Limitations of One Person Company
  • No person shall be eligible to Start more than a One Person Company or become nominee in more than one such company.
  • No minor shall become appointee or member of the One Person Company or can hold share with beneficial interest.
  • One Person Company cannot be incorporated or converted into a company under section 8 (Nonprofit Organization)
  • One Person Company cannot do Non-Banking Financial Investment activities including investment in securities of anybody corporate.

Documents Required for Company Registration

Entrepreneurs in the course of beginning a company registration are interested in knowing about the list of documents required for the process. In this article, we provide details and descriptions of the documents necessary for company registration.

Directors: Indian Nationals

The following documents are necessary for Indian Nationals for incorporation of company in India:

PAN Card: Copy of the proposed Directors of the Company will be necessary for Company Registration. Permanent Account Number or PAN is a unique identification number issued by the Department of Income Tax in India. It is necessary for Directors who are Indian Nationals to submit PAN during the incorporation process.

Note: The name on the PAN Card will be issued by the Ministry of Corporate Affairs for all matters pertaining to the company. Hence, in case of error in the name mentioned in the PAN Card or name change due to marriage or any other reason, the PAN Card must be first changed.

Address Proof: Inclusion to the PAN Card copy, the proposed Director must submit an address proof. The address proof submitted should have the name of the Director as mentioned in the PAN Card and the most current address of the Director. Further, the documents should not be older than two months. The following documents are acceptable address proof for Indian citizens.

  • Passport
  • Election Card or Voter Identity Card
  • Ration Card
  • Driving License
  • Electricity Bill
  • Telephone Bill
  • Aadhaar Card

Residential Proof: Inclusion to the address proof, a residential proof must be submitted during the incorporation of the Company to validate the current address of the Director. As applicable for address proof, the residential proof should contain the name of the Director as mentioned in the PAN Card and must not be older than two months. The following documents are acceptable residential proof:

  • Bank Statement
  • Electricity Bill
  • Telephone Bill
  • Mobile Bill

Director: Foreign Nationals

The following documents are necessary for Foreign Nationals to OPC registration in chennai

Passport: In case of Foreign Nationals, Passport is a mandatorily required as a proof of identity. The Passport should be Apostilled or Notarized in the country it was issued. In case the document is in foreign language, then it must be translated by an official translator to English and apostilled or notarized. Further, if the Passport does not contain date of birth of the holder, then an additional document indicating the date of birth of the Director must be provided, duly certified or attested or notarized or apostilled.

Address Proof: Inclusion to the Apostilled or Notarized Passport copy, the proposed Director must submit an address proof which is also notarized or apostilled. The address proof submitted should have the name of the Director as mentioned in the Passport and the most current address of the Director. The document should not be older than 1 year for foreign nationals. The following documents are acceptable address proof for Foreign citizens.

  • Driving License
  • Residence Card
  • Bank Statement
  • Government issued form of identity containing address.

In case the document is in a foreign language, then it should be translated by an official translator and notarized or apostilled.

Residential Proof: Inclusion to the address proof, a residential proof must be submitted during the incorporation of the Company to validate the current address of the Director. As applicable for address proof, the residential proof should contain the name of the Director as mentioned in the Passport and must not be older than one year. The following documents are acceptable residential proof:

  • Bank Statement
  • Electricity Bill
  • Telephone Bill
  • Mobile Bill

In case the document is in a foreign language, then it should be translated by an official translator and notarized or apostilled.

Registered Office Proof

In addition to providing address, identity and residential address for the Directors, proof must be provided to validate the registered office address of the Company. The following documents should be submitted as proof of registered office during the company registration process or within 30 days of incorporation of the company.

  • The registered certificate of the title of the premises of the registered office in the name of the company; OR
  • The apostilled copy of lease / rent agreement in the name of the company along with a copy of rent paid receipt not older than one month;

In addition to the above, the following should be provided as proof of registered office:

  • The approval from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to NOC from Landlord; AND
  • Proof of address of any utility service like telephone, electricity, gas, etc. depicting the evidence of the premises in the name of the owner or document, which is not older than two months.

Shareholder: Indian National or Foreign National

The address and identity proof as detailed in the article must be submitted for all the shareholders of the Company (i.e., subscribers to the Memorandum of Association (MOA) and Articles of Association (AOA).

Shareholder: Corporate Entity or Artificial Judicial Person

In case one of the subscriber or shareholder to the MOA and AOA is a Corporate Entity (Company, LLP, etc.,), then Certificate of Incorporation of the Body Corporate must be affix along with the resolution passed by the Body Corporate to subscribe to the shares of the company under incorporation.

In addition to the above proofs and documents, a number of documents like INC-9, MOA, AOA would be drafted by a Professional. These valid documents made specifically for the incorporation must be signed and notarized by the promoters of the Company.

Advantages of OPC Company Registration

A Separate legal entity

OPC is a legal entity and capable of doing everything that an entrepreneur would do.

Easy Funding

It is a private company, OPC can raise funds through venture capital, angel investors, financial institutions, etc. An OPC can increment funds thus graduating itself to a private limited company.

More opportunities, Limited liability

One of the benefits of One Person Company is that it has more opportunities, limited liability since the liability of the OPC is limited to the extent of the value of the share you hold, the single person could take more risk in business without affecting or suffering the loss of personal assets. It is the encouragement to new, young and innovative start-ups.

  • Minimum 1 Shareholder
  • Minimum 1 Director
  • Minimum 1 Nominee
  • The stockholder and director can be the same person
  • Letters ‘OPC’ to be suffixed with the name of OPCs to analyze it from other companies

OPC have to face compliance burden as compared to private limited companies, hence OPC can more focus on other functional and core areas.

Benefits of being a Small-Scale Industries (SSI)

An OPC can use the various benefits provided to Small Scale Industries like the lower rate of Interest on loans, easy funding from the bank without depositing any security to a certain deadline, manifold benefits under Foreign Trade policy and others. All these benefits can be boon to any business in initial years.

Single Owner

Single owner is useful in making quick-decision, managing and controlling the business without following any elongated processes and methodologies as adopted in other companies. The impression of belonging inspires to grow the business further.

Credit rating

The OPC with bad credit rating may even get the loan. The credit rating of OPC will not be material if the rating of OPC is as per norms.

Benefits under Income Tax Law

Any payment paid to the director will be allowed as deduction as per income tax law, unlike proprietorship. Other advantages of presumptive taxation are also available subject to income tax act.

Receive interest on any late Payment

OPC avails all the advantages under Enterprises Development Act, 2006. The newly start-up OPC is micro, small, or medium, hence they are covered under this act. As per the step, if purchaser or receiver receives any slow payment (receives payment after a specified period), then he is entitled to receive interest which is three times the bank rate.

Increased Trust and prestige

Any business entity that runs in the form of the company always enjoys an increased prestige and trust.

Taxation Rules for OPC

  1. It is mandatory to file Income Tax Returns
  2. TDS to be filled on a quarterly basis mentioning the TAN. Deducting tax at source is compulsory, if the company has employees.
  3. Obtaining an ESI registration is compulsory by law, if the OPC employs more than 10 persons.

Filing of VAT and/or service tax returns is required for OPC with valid registrations.

Mandatory conversion to Private Limited or Public Limited

If paid up capital of a One Person Company overreach fifty lakh rupees or its average annual turnover during the relevant period exceeds two crore rupees, it shall cease from the status of One Person Company. It shall be necessary to convert itself into a private or public limited company within six months of the date on its paid-up capital increased beyond Rs.50,00,000/- or last day of the appropriate period i.e. to say 31st March. during which its ordinary annual turnover exceeds Rs. 2,00,00,000/- An OPC has certain privileges and exemptions which are not available to private company.

Directors and Board Meetings – Section 149, 152 and 173 of the Act - One Person Company needs to have one director. It can have maximum of 15 directors, In case of a OPC which has only One director, it shall be sufficient compliance if all resolutions required to be passed by such a company at a board meeting are filed in a minute book

Holding Annual General Meetings – Section 122 of the Companies Act,2013 - Section 122(1) of The Companies Act,2013, provides that the provisions of Section 98,100 to Section 111 (both inclusive) are not applicable to One Person Company. Therefore, provisions relating to General Meetings, Extra Ordinary General Meeting and Notice Convening to General Meeting are not applicable to One Person Company.

So if you are looking for one person company registration in chennai, then you can call or mail us and if you have any confusion regarding company registration, then you can take free advice from our expert chartered accountant.

Super Fast One Person Company OPC

Finance Bazaar offers the fastest one person company OPC Registration package across India. We take only approximately 10 to 15 working days to register your company.

Cheapest OPC Registration Package

We offer you the cheapest one person company (OPC) registration service across India because we know that you are starting up with you own hard earned savings.

Expert Professional CA handles registration

At Finance Bazaar, we work only with experienced Chartered Accountants & Company Secretaries to handle your OPC registration.

Status Update on OPC Registration

Unlike other online service providers, we update you on Whatsapp regarding your OPC registration as soon as there is any change.

100% Online Registration Service

Fully online service so that you can start and complete the registration process without running around from the comfort of your home or office.

No Hidden Charges for Any Registration

We are very transparent and display full charges on our website. We don’t have any hidden charges. You pay only what you see.

Generating New Ideas. Solving Big Problems

We are here to help you dream BIG.

startups registered

Satisfied Clients

cities & towns served

Cups Of Coffee

ONE PERSON COMPANY OPC REGISTRATION PACKAGES IN CHENNAI

Always know what you’ll pay.

PACKAGE 1

OPC PVT LTD REGISTRATION

+

MSME REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

1 Director

1 DIN & 1 DSC

1 Lakh Capital

MOA & AOA

PAN & TAN

All Government Fees

Includes Professional Fees

UDYOG AADHAAR MSME Registration

Rs.6499/- Flat

No hidden Charges. No Extra Charges.

PACKAGE 2

OPC PVT LTD REGISTRATION

+

MSME REGISTRATION

+

GST REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

1 Director

1 DIN & 1 DSC

1 Lakh Capital

MOA & AOA

PAN & TAN

All Government Fees

UDYOG AADHAAR MSME Registration

GST Registration

Rs.7499/- Flat

No hidden Charges. No Extra Charges.

PACKAGE 3

OPC PVT LTD REGISTRATION

+

MSME REGISTRATION

+

GST REGISTRATION

+

TRADEMARK REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

1 Director

1 DIN & 1 DSC

1 Lakh Capital

MOA & AOA

PAN & TAN

All Government Fees

UDYOG AADHAAR MSME Registration

GST Registration

TRADEMARK Registration

Rs.13999/- Flat

No hidden Charges. No Extra Charges.

5 STEPS TO SUCCESSFUL ONE PERSON COMPANY REGISTRATION

Pay Advance Rs. 1000 and Book Company Name with Government

The first step is to think of 2 unique names and apply for company name reservation with Ministry of Corporate Affairs. You have to pay Rs. 1000 to Government for booking company name online.

Email or Whatsapp required Documents to Experts at Finance Bazaar

It takes 48 hours for name approval. While the name approval is under process, email or whatsapp the required documents with us and we shall analyse these documents. 

Company Name Approved or Not Approved?

If company name is approved, then pay the balance fees to us and we shall file the papers with Ministry of Corporate Affairs. If company name is not approved, then we have to re-apply for name with MCA.

Sign and Email us scanned copies of documents required for registration

Once the company name is approved, we shall email you few documents for signing. Sign and email us backed scanned copies of these documents. We shall also generate your digital signature. 

Company Registration Complete within 10 to 15 working days

Our expert CA will prepare and file the papers. If all papers are complete, we can expect the company registration to be completed in 10 to 15 working days. You will get your Certificate of Incorporation.

5 STEPS TO SUCCESSFUL ONE PERSON COMPANY REGISTRATION

Pay Advance Rs. 1000 and Book Company Name with Government

The first step is to think of 2 unique names and apply for company name reservation with Ministry of Corporate Affairs. You have to pay Rs. 1000 to Government for booking company name online.

Email or Whatsapp required Documents to Experts at Finance Bazaar

It takes 48 hours for name approval. While the name approval is under process, email or whatsapp the required documents with us and we shall analyse these documents. 

Company Name Approved or Not Approved?

If company name is approved, then pay the balance fees to us and we shall file the papers with Ministry of Corporate Affairs. If company name is not approved, then we have to re-apply for name with MCA.

Sign and Email us scanned copies of documents required for registration

Once the company name is approved, we shall email you few documents for signing. Sign and email us backed scanned copies of these documents. We shall also generate your digital signature. 

Company Registration Complete within 10 to 15 working days

Our expert CA will prepare and file the papers. If all papers are complete, we can expect the company registration to be completed in 10 to 15 working days. You will get your Certificate of Incorporation.

Why we are different

Finance Bazaar offers services from startup registration and management to insurance and loans. We offer the cheapest and fastest professional services in Gurgaon, Delhi, Mumbai, Bangalore, Pune, Hyderabad, Telangana, Assam, Jaipur, Jodhpur, Chennai, Kerala, Kolkata, Vadodara, Ahmedabad, Noida, Faridabad, Ghaziabad, Greater Noida, Baddi, Rudrapur,  Punjab, Uttarakhand, Haridwar, Madhya Pradesh and many other cities across India. Our charges for company formation in India is among the cheapest and most affordable. We deliver what we promise. Always.

From Our Clients

Our clients give their honest and genuine testimonials and feedback

“I had an excellent experience during the whole registration process and never faced any problems. Finance Bazaar team is awesome.”

Harmeet Singh

founder, Infinibux Investments

“Most important of all I found their customer support team very friendly and supportive. They answered all my questions and never lost patience. Thanks for getting the job done.”

Jaspreet Kaur, Punjab

Promoter, Consulting Firm

“All other online servie providers quoted very high fees for company registration. Over here I found the best deal and got my startup registered within 12 days.”

Chandrima Barman

founder, Windberry Innovations

“Want to be an entrepreneur? Well, you have come to the right place buddy. These guys know their job and will help you get started quickly. No hassles, no worries.”

Surya Kumar Chatterjee

Director, Novosun Unibiz

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