One Person Company Registration in Chennai

Benefits of Single Person Company Registration in Chennai

The following are the benefits of single person company registration in Chennai-

• Strategic Location
• Simplicity in Management
• Online Registration Process
• Single Ownership Control
• Supportive Infrastructure
• Robust Manufacturing Hub
• Ease of Doing Business
• Tax Benefits
• Diverse Industry Opportunities

Eligibility Criteria for OPC Registration in Chennai

The following conditions should be fulfilled for OPC Registration in Chennai-

• Only a natural person who is a resident of India in the preceding calendar year can form OPC.
• Only one member can form an OPC.
• The OPC formed under Section 3(1) may be either-
  • A Company limited by shares, or
  • A Company limited by Guarantee, or
  • An Unlimited Company
• The name of the company should be unique and shouldn’t be similar to any other existing company and trademark.
• A person cannot incorporate more than 1 OPC or be the nominee of more than one OPC.
• There must be a least 1 director, and a maximum of 15 directors can be appointed in a company for OPC registration online.
• The Threshold limit of paid-up capital is Rs 50 lakh and the Average Annual turnover is Rs 2 Cr. in the immediately preceding financial year, and if the Company exceeds the limits the status of OPC is lost.
• The name of the One Person Company must include the last word as (OPC) Private Limited.
• Pre-condition to indicate the name of the other person as a nominee in the event of the death of the subscriber to become a member of the One Person Company.

How to Register One Person Company in Chennai?

One can follow the process given below to register One Person Company in Chennai-

• Talk to our team at Corpbiz. We are here to guide you through the process of one person company registration in Chennai.
• We’ll assist you in acquiring a DSC.
• We’ll help you access the SPICe+ form and reserve your desired company name with all accurate details.
• Download and fill out Part B of the SPICe+ form with our assistance.
• After correctly uploading all the necessary forms to the MCA portal, our team will verify the order.
• You have to make a payment, and once it is completed, you’ll receive your Service Request Number (SRN) to track your application.

Penalty for Non-Compliance

Penalty for OPC Non-Compliance Failure to comply with MCA Annual Return filing for OPC can lead to a late fee of INR 200 per day, and for DIN KYC, it is INR 5000.

Charges for Single Person Company Registration in Chennai

The registration charge of a one person company depends on several factors. Talk to our experts to know the accurate charges for your single person company registration in Chennai.

Timeline to Register OPC in Chennai

The usual time it takes for an OPC to get registered in Chennai is about 10-15 days. In some cases, you might face delays.

Reasons to Trust Corpbiz for OPC Registration in Chennai

Our Corpbiz team will be at your service if you require legal advice from experts on any aspect of OPC Registration in Chennai. At Corpbiz, we provide you with a hassle-free One Person Company Registration in Chennai, which our professionals will deal with within a time frame, subject to governmental processing time.

Here are the reasons why entrepreneurs choose our services for OPC registration in Chennai-

• Guidance in Choosing the Right Business Structure
• Successful Registration of 200+ OPCs in Chennai
• Strong Network of 150+ Local Partners in Chennai
• Support in Securing a Unique Name for Your OPC
• Streamlined Assistance in Obtaining DIN & DSC for OPC Registration
• Expert Drafting of MoA & AoA
• Comprehensive Support in Mandatory Documentation
• Help in Acquiring PAN & TAN
• Regular Updates on Application Status for One Person Company Registration in Chennai
• Post-registration Compliance Support