OPC Registration in Coimbatore

OPC registration in Coimbatore is a corporate structure which supports a proprietor to begin company with only one member by playing a role of director as well as the shareholder for the Company. One Person Companies are spreading widely in India which boosts the Indian economy. Many entrepreneurs are interested in starting an OPC company to get the legal status and to become popular among the public. Solubilis is one of the legal service provider who tops in trustworthy company registration service in Coimbatore. We offer multiple types of company registration service in Race Course, Avarampalayam, Pappanaickenpalayam, Gopalapuram, Nava India and Sidhapudhur.

OPC Registration in Coimbatore is limited by shares and run by a single person. This type of business structure is suitable for the business personals who does not have any profit of forming a limited liability due to the non-availability of a second member or shareholder. One Person Company was introduced by the Indian Companies Act, 2013. OPC registration in Coimbatore is not allowed to carry out any non-banking financial activities such as investments in securities of other companies. It cannot be formed as a Non-Profit Organization (NPO). An Indian citizen shall be the nominee of this One Person Company.

Documents Required For OPC Registration

ID Proof

PAN Card of the Director with Voter ID or Aadhar, Driving License is required

Address Proof

Recent electricity bill or bank statement

Registered Office Proof

Recent utility bill and Rental agreement if it is a rented property. Registry Proof or property Tax Receipt for owned property

Photo

Latest Passport size Photograph of the Director.

Benefits Of OPC Registration

Legal identity - OPC registration in Coimbatore has its own legal identity which is separate from its member.

Easy Conversion - It is easy to convert an OPC to other types of business structures and paperwork is very less.

Minimum Capital not required - The minimum capital is not necessary; the firm can be started within the capacity of the sole promoter.

Easy to Get Loans - Banking and financial institutions prefer to lend money to this type of firm rather than proprietary firms.

Social Recognition - One Person Company is the most popular business structure. So it gives customers a sense of confidence in business.

Tax Rate - In Opc registration the Tax rate is 30% like the private limited company on all profits

Easy Return Filing - In Opc the annual returns can be filed easily along with the signature of the director. The firm secretary’s signature is not required.

Limited Liability - Liability of the members is limited.

Flexibility and tax savings - The tax savings are made by the deductible expenses which reduces the profitability of the firm and brings down taxable income of the business.

Step 1: Name application:

  • An application for reservation of name of the company with the registrar of companies to be filed. Applicant is allowed to provide two names and one re-submission.

Step 2: Name Approval / Rejection:

  • On receipt of the application, CRC (Central Registration Centre) may either approve or reject the application.

Step 3: Application for DSC

  • Digital Signature Certificate to be obtained for all the subscribers and directors of the company

Step 4: Preparation of MOA & AOA

  • Every company must draft the MOA and AOA, and it’s a mandatory to attach the digital signature certificate in both documents.

Step 5: Forms and Documents Filing:

  • Application for Registration of private limited to be filed along with MOA and AOA, if any, and other requisite documents and fees.

Step 6: Certificate of Incorporation:

  • On being satisfied, the registrar of companies (ROC) shall issue the certificate of incorporation, will be allotted DIN (Director Identification Number), PAN – (Permanent Account Number) and TAN (Tax Deduction Account Number)

FAQ'S


To operate a small business, without the limitation of sole proprietorship can pick the option of One Person Company. It comes with limited liability and separate legal existence. Only one person is enough to run this business.

Natural Person and resident Indian citizen is the basic eligibility to start an OPC. Nominee should be a citizen of India and resident of India. There is no minimum capital requirement.

Share capital should not be exceeding 50 lakhs and turnover will not be more than 2 crores. In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.

Voluntary conversion of OPC into Private limited / public limited company is not permitted till completion of two years from the date of incorporation of the OPC. Voluntary conversion need to be filed within 30 days

As per Companies Act - One Individual is legally allowed to operate an OPC. A single person who is operating more than one OPC is not permissible.

Member of a One Person Company can change the nominee at any time by informing the One Person Company in writing. The Sole member needs to obtain the prior consent of the new nominee in Form INC 3. The One Person Company shall on the receipt of such intimation, file with the registrar and a notice of such change within 30 days of receipt of intimation of the change in Form INC 4 along with fee.

A nominee may withdraw his consent anytime by giving a written notice to the OPC and Sole Member/Subscriber.

A minimum of one is required while starting a One Person Company, but you can have up to 15 Directors for your OPC

A Minor, Foreign citizen, Indian Non-resident, a person incapacitate to contract are restricted from Forming a One Person Company.

No, no other persons than an Indian citizen or a Resident in India, can register a one person company anywhere in India. This means, a non-resident Indian (NRI), or a foreign national, cannot set up an OPC in India.

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