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One Person Company (OPC) Registration in Vadapalani - Filingpoint


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

If you are an entrepreneur who wants to establish a business entity that offers limited liability and separate legal identity, Filingpoint One Person Company (OPC) is the option for you. Its low cost of registration and minimum compliances make it a great choice for single entrepreneurs. At Kanakkupillai, we offer streamlined and compliant OPC registration in Vadapalani to help you set up your own venture in Chennai.

The Companies Act sets out clear eligibility criteria for OPC registration. The promoter of the OPC must be a natural person and an Indian citizen. He or she must also be a resident in India, which means that he or she must have lived in the country for at least 182 days during the preceding financial year.

The promoter must appoint a nominee during the OPC's incorporation process. The nominee will become a member and take on the responsibilities of the OPC in case of the promoter's death or incapacity. The nominee must also file his or her consent in Form INC-3.

There are certain limitations on the maximum amount of share capital that can be issued by an OPC. If the OPC's paid-up share capital exceeds 50 lakh rupees or the average annual turnover exceeds two crore rupees in any three consecutive financial years, it will need to convert into a Private Limited Company.

Contact Filingpoint One Person Company Registration Expert +91 72999 72500

 

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