One Person Company (OPC) Registration in Vadapalani - Filingpoint

Welcome to Filingpoint One Person Company Registration Expert +91 72999 72500

Filingpoint One Person Company is a form of corporate structure introduced by the Companies Act, 2013 which allows a single promoter to operate a business with limited liability protection in India. It is similar to a private limited company in all respects with some relaxation of restrictions and fewer compliances; however it is not exempted from the provisions of the Act.

As the name suggests, a OPC is run by a single member who acts as both a shareholder and director of the company. It is a great option for entrepreneurs who want to start their business on small scale and want the benefits of limited liability protection as per the laws of India.

While registering an OPC, the key first step is obtaining a Digital Signature Certificate (DSC) and a Director Identification Number (DIN) for the proposed Director(s). The next step involves choosing a suitable company name and applying to the RoC to reserve it. After the name is approved, we draft and file various documents including Memorandum of Association & Articles of Association with the RoC to complete the OPC registration process.

Once registered, an OPC can open bank accounts and obtain TAN and PAN. It can also invest in shares and securities of other companies in accordance with the rules of the Act. However, it is important to note that an OPC cannot hold more than one share with beneficial interest in another company. Moreover, the maximum paid-up share capital of an OPC cannot exceed fifty lakh rupees and the average annual turnover of the company should not be more than two crore rupees in three immediately preceding financial years. If this limit is breached, the OPC must convert into a private or public limited company.

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