One person Company registration in Chennai ? Solubilis 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 12 working days.
'One Person Company' (OPC) has been introduced by the Companies Act, 2013. OPC will give the young businessman 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 purposes with only one member. Indian who is also a resident of India is eligible to incorporate an OPC.
An OPC can be formed under any of below categories :
The member of an OPC has to nominate a nominee with the nominees written consent, and file it with the Registrar of Companies (RoC). This nominee in the event of death or in event of any other incapacity, shall become a member of an OPC. The member of an OPC at any time can change the name of the nominee providing a notice to the RoC in such manner as prescribed. On account of Death of a member, the nominee is automatically entitled for all Assets and liabilities of OPC.
An OPC has certain privileges and exemptions which are not available to private company.