One Person company Registration in Chennai

Solubilis provides One Person Company registration in Chennai, Bangalore, Hyderabad, and Cochin. The concept of a Proprietor forming a business with limited liability and perpetual succession has been made possible by the Companies Act of 2013. This Act introduced the OPC, a new organizational structure in India, inspired by similar entities in countries like Singapore and Japan.
As per section 2(62) of the Indian Companies Act, 2013, an OPC is defined as a company with only one person as a member. While OPCs offer various benefits to single owners, they come with certain restrictions on capital and turnover. However, one significant advantage is the perpetual succession, ensuring the continuity of the business even in the absence of the owner. Solubilis can assist in the One Person Company registration online and management of OPCs, helping entrepreneurs enjoy the benefits of limited liability and a structured business entity.
OPC with online OPC registration in Chennai is a game-changer for solo entrepreneurs, providing them with a legal and organized way to conduct business while safeguarding their interests.

OPC registration in Chennai

Mandatory conversion to Private Limited or Public Limited

To maintain the status of a One Person Company (OPC), there are specific capital limitations in place. The share capital cannot exceed fifty lakh rupees and should not surpass two core rupees in the business operations. If this limit is breached, the OPC must transition into a Private or Public Limited Company within six months.
OPCs offer unique opportunities and advantages that are not available to traditional private companies. They are exempt from certain provisions related to meetings, such as General Meetings, Extraordinary General Meetings, and Notice Convening to General Meetings. However, OPCs with OPC registration in Chennai provide their owners with the benefits typically associated with private limited companies. This includes access to credit, bank loans, limited liability, and legal protection for the business, and entry into the market, all under a single registration.
It's important to note that an individual can only start one company under the name of an OPC. This ensures the integrity and purpose of this specific business structure.

For proposed directors and shareholders who are Indian citizens, the following documents are required:

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • OPC registration in Chennai needs Aadhar Card.
  • Proof of Address – This can be a recent Bank Statement, Telephone Bill, Electricity Bill, or Mobile Bill (not more than two months old).
  • Passport Size Photo.

Additionally, for the registered office, these documents are necessary:

  • If the office is on rent, a rental agreement is mandatory.
  • Online OPC registration in Chennai needs an Electricity bill (no older than two months) is required.
  • In the case of a rented office, the occupant must provide a No Objection Certificate (NOC) from the landlord to operate the business.

These documents are essential for the smooth and legal registration of your company.

Salient Features of a One Person Company:

  • It's a distinct legal entity, capable of property ownership and borrowing like an individual.
  • Small investors can form a company individually, being the sole promoter, shareholder, and director.
  • OPC has perpetual succession, ensuring continuity.
  • Minimal legal compliance and corporate governance requirements.
  • Shareholders appoint a nominee to replace the member in case of death or disability.
  • No capital restrictions; OPC can have OPC registration in Chennai with minimal capital.
  • The company name must include "OPC" for identification.
  • Minimum one director is needed to form a board.
  • OPC enjoys concessions on board meetings and annual general meetings.
  • It can convert to a Public or Private limited Company if share capital exceeds Rs. 50 lakhs or annual turnover exceeds Rs. 200 lakhs for three consecutive years.


Choosing a One Person Company (OPC) over sole proprietorship allows small businesses to operate with limited liability and a separate legal existence. With just one person, an OPC can run the business effectively.

To start an OPC, you need to be a natural person and a resident Indian citizen. The nominee should also be an Indian citizen and resident. No minimum capital is required.

The share capital of an OPC to have online OPC registration in Bangalore should not exceed 50 lakhs, and its annual turnover should not surpass 2 crores. If an OPC's paid-up share capital exceeds 50 lakhs or its annual turnover surpasses 2 crores for three consecutive years, it must convert into a private or public company.

An OPC cannot voluntarily convert into a private or public limited company until two years from its incorporation date. If it wishes to convert, it must apply within 30 days.

Under the Companies Act, one person can legally operate an OPC. However, a single person cannot operate more than one OPC simultaneously.

The member of a One Person Company can change the nominee by informing the OPC in writing. The sole member must obtain the new nominee's prior consent using Form INC 3. The OPC, upon receiving this notice, should file a notice of the change with the registrar within 30 days using Form INC 4 along with the required fee. This process ensures that the nominee can be updated as needed to reflect any changes in the OPC's structure or ownership.

A nominee can withdraw consent at any time by providing written notice to the OPC and sole member/subscriber.

You need a minimum of one director to start a One Person Company, but you can have up to 15 directors.

Minors, foreign citizens, Indian non-residents, and those unable to contract are restricted from forming a One Person Company.

No, only Indian citizens or residents in India can register a One Person Company anywhere in India. Non-resident Indians (NRIs) and foreign nationals cannot set up an OPC in India.

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