One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. If a company is a private limited company, OPC can raise funds through venture capital, financial institutions, angel investors, etc. An OPC can raise funds thus graduating itself to a private limited company.
A One Person Company Registration in Chennai can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in Chennai
Applying DIN&DSC
DSC and DIN for all directors are required. Affidavit and declaration by first subscribers and Directors should be prepared
Name approval
4-6 proposed names should be provided that should be unique and suggestive of company business.
MOA,AOA&
AFFIDAVIT
Memorandum and Articles of Assocication should be drafted.
Application to ROC
Sign and file various documents including MOA & AOA with the Registrar of Companies electronically
Company Registered
Once the application is duly filed and accepted by ROC, Certificate of incorporation is issued and the company is all set to start its operations.
- A Separate legal entity
- Easy Funding
- More opportunities, Limited liability
- Minimum Requirements
- Benefits of being a Small Scale Industries (SSI)
- Single Owner
- Credit rating
- Benefits under Income Tax Law
- Receive interest on any late Payment
- Increased Trust and prestige
- Age should be more than 18 years
- Not criminally prosecuted
- Of sane mind
- Not bankrupt
- It should be unique
- There should be no trademark registered of the given name
- It should have a prefix and activity word
- It should not have words like finance, minister etc
- For words like Global, Corporation, World the capital should be more that 25 lakhs
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