One Person Company Registration

WELCOME TO One Person Company Registration

Solubilis offer OPC (One Person Company) Registration in Coimbatore. The formation of One Person Company (OPC) is implementing through Companies Act, 2013. It is the single person entity encourages the business entrepreneurs to initiate the business organization without the support of the partnership concept. The power and control of business under the one shareholder is the supreme advantage in the One Person Company. More similar to the limited companies OPC is legally defining as the separate legal entity. Other than the share holder one person can be appointed as a director in OPC formation. Both shareholder and director can be same person in the OPC registration. As well as the perpetual succession is common beneficiary factor to initiate the business in the name of One Person Company.

One Person Company allows single entrepreneur to run the business with the less legal issues, regulation of insolvency, small marginal option and less compliances. A residential Indian only allowing to run the business in the name of OPC. As per the provision only one OPC is allowing to promote the business venture. The limitation of the OPC turnover is 2 Crores and the paid up extension cross over 50 Crores mandatorily the company should convert to the other type of limited companies. Submission of financial statements to the registrar of Companies is a regulatory work comes in the OPC.OPC cannot carry non-banking financial investment activities including investment in securities of anybody corporate. An OPC cannot voluntarily convert into any other type of company till the expiry of two years from the date of its incorporation.


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In OPC (One Person Company) the business head is the decision maker, he is not dependent on others for suggestions or implementation of suggestions etc., resulting in quicker and easier decision making. He is the sole person who runs the business and hence, the question of consensus or majority opinion etc., would not arise.

If a business currently runs under the proprietorship model, it can easily get converted into OPCs without any difficulty.

OPC require minimum capital, to begin with. Being a recognized corporate it could raise the capital from others like venture capital, financial institutions, etc., hence it can uplift itself as a private limited or a public limited company under the Companies Act.

  • Proof of Identity (Aadhar Card)
  • PAN Card
  • Residential address of the subscriber
  • Company name reservation application
  • Proof of registered office address
  • Incorporation form INC-32 (SPICe )
  • Consent of Nominee form INC-3

Solubilis Corporate Services LLP, Chennai, Tamil Nadu, India, offers OPC - One Person Company Registration services and OPC Registration Process and Procedure in Coimbatore, Chennai, Bangalore, Hyderabad, Kerala, Tamil Nadu, and Karnataka.

characteristics of OPCs

  • A desire for personal freedom allows the professional, skilled person to adopt the business of his choice.
  • Personality-driven passion and implementation of a business plan.
  • An aspiration of the entrepreneurial person leads to taking the extra risk and willingness to carry out some additional responsibilities.
  • Personal commitment to the business motivates him to create more ideas and obviously, it will be very close to his heart.
  • It is run by individual yet OPCs need to obey some company rules similar to that of any registered corporate.

Benefits

OPCs would provide the start-up entrepreneurs and professional the much-needed flexibility in setting up a business in India without losing the professional control over the business idea.
OPCs provide the required freedom to the professional who would like to come out of the shackles of big corporate and can be independent.
OPC provides an outlet for the entrepreneurial impulses among the professional.
The most significant reason that a shareholder to incorporate the one person company is certainly to avail the benefit of limited liability.
OPC give a dual entity to the company and the individuals, guarding them against any pitfalls or liabilities. This is actually a fundamental difference between OPC and sole proprietorship.
Unlike a private limited or public limited company (listed or unlisted), OPC (One Person Company) need not bother too much about compliances.

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