One Person Company (OPC) Registration in Vadapalani - Filingpoint
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Filingpoint One Person Company Registration in Vadapalani is a business structure that allows a sole promoter to enjoy limited liability protection. The corporate form of legal entity also ensures ease of ownership transferability. However, there are certain capital limitations in place. If the paid-up share capital of an OPC crosses fifty lakh rupees or the average annual turnover exceeds two crore rupees, then the company will need to transition into a private or public limited company.
The Registrar of Companies (ROC) is the official government body that governs the affairs of companies in India. It has simplified the incorporation process, enabling entrepreneurs to register a One-Person Company online in less than three days. Once the application is approved, the ROC will issue the Director Identification Number (DIN) and the Memorandum of Association and Articles of Association (MOA & AOA) of the company.
The requirements for registering an OPC include a passport-sized photograph, the proof of identity of the member (copy of Aadhaar card or PAN card), the address proof of the registered office (rent agreement and NOC from landlord if it is rented premises and sale deed if it is owned property), and other documents pertaining to the nature of the business. Also, the nominee for the OPC should submit their consent via Form INC-3 along with a declaration and their PAN and Aadhaar card details.
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