Overview on Online One Person Company Registration in Chennai
We strongly believe that our goals can only be reached through the vehicle of a plan. There is no other route to success. Do you feel the same? Then what are you waiting for? Run your business with unquestionable compliances. Just Scroll down and get our Premium offers to get your business registered as One Person Company in Chennai! Chennai is one of the top 10 cities in India having the highest literacy rate. This is one of the reasons why people over there want to set up their own companies.
Chennai has seen a considerable rise concerning the start-up culture in recent years. Keeping this thing in mind, the government of Tamil Nadu continues to promote the development of a start-up ecosystem in the state. Besides that, Chennai creates a suitable environment for the entrepreneurial business without creating pressure on the new entrepreneurs to start their sole business. The One Person Company registration helps start-ups entrepreneurs to easily implement their business ideas and by placing reliance on a marketable product they can approach the venture capitalist for business funding. Also, OPC gives immense opportunities for sole owners and entrepreneurs to avail of the benefits of limited liability and perpetual succession but are restricted in doing so because of the non-availability of other directors or shareholders.
A good infrastructure is a basic requirement to start the business, and Chennai fulfills that requirement. The city has an excellent infrastructure facility that is why we believe it is the best place to start your business. But before starting a new business you must comply with all the requisites by the books. Then what are you waiting for? Get your One Person Company Registration done in Chennai from one of the leading Company Registration Consultants in India. We provide comprehensive assistance on Company Registration and compliance-related services.
Business Structure of One Person Company
A One Person Company (OPC) is a new form of business in the corporate history of India. A new progressive plan was introduced to promote self-employment and to motivate individuals who are capable of starting a business of their own. OPC enables a sole trader to convert his firm into a Limited Liability company and derive the advantages of an Incorporated Company. An OPC is a business structure, which enjoys the benefits of both a Sole proprietorship and a company form of business. Thus, it eliminates the hassles of finding the right kind of co-partner/s for starting a business as a registered entity.As Per Section 2 (62) of the Companies Act, 2013, One Person Company means a company which has only one person as a member.
One Person Company is bringing the Proprietorship Business into the organized version of a private limited company. Various small and medium scale businesses, that were doing their business as a Sole proprietor, have entered into the corporate sector. The organized version of OPC is opening the path for more favorable banking facilities.
The Eligibility criteria for One-person Company Registration in Chennai
What are the Restrictions implied on OPC?
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The Necessary Papers required for Online One Person Company Registration in ChennaiNecessary Papers required for One Person Company in Chennai are as follows:-
SPICe+ Form requires many necessary papers for OPC registration like name reservation, DIN allotment, incorporation, issue of PAN, TAN, ESIC, EPFO, Profession Tax (Maharashtra), GSTIN, and Opening of Bank Account.
Necessary Papers required for DSC-
Note-For Identity proof, the applicant can go for the following necessary papers-
Note-For address proof, the applicant can go for the following necessary papers-
Note-For Residential proof, the applicant can go for the following necessary papers-
Necessary Papers Required for Online OPC Registration in Chennai (For SPICe+ form)
Necessary Papers Required for OPC Registration in Chennai for AGILE-PRO-
The requirement for Online Company Registration in Chennai for Declaration in form 'INC-9'-
The declaration of the member and directors are presented electronically in auto-generated in PDF format. The applicants for OPC registration have to provide a certification duly authorized by a Professional, such as Chartered Accountant, Company Secretary, and Cost Accountant.
Advantages of opting for OPC Registration in ChennaiRegistering a one person company in Chennai offers many advantages. Those are as follows:-
What is the procedure for One Person Company Registration in Chennai?
The procedures for One Person Company Registration in Chennai are as follows:-
SPICe+ form is divided into 2 parts-
Steps required to start the OPC Registration Process in Chennai are as follows:-
SPICe+ Web-form is a post-login service where New users are required to create a login account first before using the service and registered users would need to login to their account using their details. The applicant applying for name reservation, incorporation, and other integrated services together, is required to file all the necessary information in Part A and Part B.
Click on the ‘SPICe+’ Form placed under ‘MCA Services’ on the website.
The applicant can reserve the Name of the company in Part A of SPICe+. The applicant has to enter the name he/she wants to reserve, for the incorporation of a new company or for changing the name of an existing company. While reserving the name, the applicant has to enter the requisite details-
- ‘Type of Company’
- ‘Class of Company’
- ‘Category of Company’
- ‘Sub-Category of Company’
- Details of the ‘Main division” of the Company’s business activity.
- Description of the main division.
Once the details are filed, click on the ‘Auto-check’ as per the rules prescribed to administer the names of the Company.
After that, submit the ‘Part A’ for reservation of name and incorporate formalities.
The next step is to download the Part B in PDF format for filling up the associated forms (SPICe+ are AGILE-PRO, SPICe + AoA, and SPICe + MoA, INC-9 and URC-1) and for affixing the “DSC,”.
SPICe+ Part B offers services for various sections ‘Check form’ for each section. SPICe+ Part B includes the services like:-
Part B of SPICe+ and linked forms can then be uploaded on the MCA portal.
The next step is to go for a ‘pre-scrutiny’ check. After pre-scrutiny the applicant must click on the Confirmation button for the successful submission of the Application form.
After that, an SRN - “Service Request Number” will be generated for making a payment towards “OPC incorporation.” The forms will be processed once the payment is completed successfully.Note- The SPICe+ form must be resubmitted in the same manner if the authority marks it for resubmission.
Our Corpbiz group will be at your service if you require any legal advice from experts on any aspect of OPC Registration in Chennai. At Corpbiz we provide you a hassle-free One-Person Company Registration which would be dealt by our professionals within a time frame, subject to governmental processing time. Our team takes care of the necessary papers required for OPC registration and helps in provide you the realistic estimation of One Person Company registration cost.
Our clients can also track at all times the progress on our platform. If you have any questions about the One Person Company Registration process, our experienced representatives are just a phone call away. CorpBiz will ensure that your communication with professionals is charming and seamless.
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