Confused about the registration process in Tamil Nadu , book your call today.
Are you an upcoming entrepreneur looking to set up business of your own? Understand the advantages and process of one person company registration in Tamil Nadu with ClearBiz. Find a brief overview of the entire process for your understanding in this article
Lets have a look at some unique advantages of an OPC
Ensuring your personal assets are not at business risk. Once the business is registered as a One Person Company, assets help by you personally are protected from business liabilities. This means you won’t at a risk of losing personal property if business runs into losses.
OPC stands for One Person Company . As the name suggests , there is only a single member director , who can take all decisions on behalf of the OPCAs the single owner, you have the flexibility to make quick decisions without the need for consulting with the Board.
An OPC , is a separate legal entity just like a private limited company . This format of business offers better credibility amongst the stake holders.
Compared to Private Limited OPCs have lesser regulatory compliances compared to private limited companies, making it easier for small businesses to manage their operations efficiently.
Get answers to all your queries
Confused about the registration process in Tamil Nadu , book your call today.
Exceeding the turnover limit requires mandatory conversion of your OPC to a Pvt Ltd company to know more , get in touch with Clearbiz.
The authorized share capital limit for an OPC is Rs.50 lakhs.
It depends on your business requirements and scale of operations . OPC is suitable for single owners, while Pvt Ltd is better for multiple stakeholders.
The turnover limit for an OPC is Rs.2 crores. Beyond such limit OPC needs to convert to a private limited Company
Step 1: Obtaining Digital Signature Certificates (DSCs)
As per the provisions of the Companies Act and applicable rules, every person acting as a director of a company must hold a valid DSC. Moreover, all Forms are processed online now, and a digital signature is a mandatory requirement for signing
Step 2: Applying for Director Identification Number (DIN)
Obtaining a DIN is a prerequisite for joining a company as a director
Step 3: Securing a Unique and Compliant OPC Name
Choose the right identity for your business by ensuring your OPC name is unique and compliant with the prevailing rules. Ensure it does not cause any Trademark objection
Step 4:Keep ready Essential Documents for Registration
Collect necessary documents such as:
Step 5: Submitting the completed Incorporation Forms with the Ministry of Corporate Affairs (MCA)
Step 6: Acquiring the Certificate of Incorporation From MCA/ ROC -Tamil Nadu
We are a team of experts who you will find very easy to work with. We truly believe every solo entrepreneur must be given a fair chance of success and should not tie them down with difficult regulatory compliances
Our OPC Incorporation Service in Tamil Nadu provides a streamlined structure for single directors, making it perfect for solopreneurs.
Once OPC registration is completed, there are a few annual regulatory compliances to be take care of every year before the 30th of September.
Let’s have an overview of the same
To know book your free consultation with Clearbiz today