OPC registration in Chennai

OPC Registration in Chennai

Earnlogic offers OPC registration in Chennai with experienced professionals. Our services extend to Ennore, Kanchipuram, Sriperumpudur, Pudupettai, Royapuram, Poonamallee, and Perungudi. We excel in the corporate market, prioritizing flexibility and customer satisfaction. Our registration process is prompt, employing straightforward methodologies.

An OPC, gets online OPC registration in Chennai under Section 62 of the Companies Act 2013, designed for a single individual to start a business. This person serves as both director and shareholder, managing all aspects of the company. The rules for managing an OPC are comprehensive and adhere to Indian company regulations.

OPCs offer numerous benefits, reducing paperwork compared to other business types. They can easily convert to a private limited company or other forms. OPCs suit small-scale businesses with turnovers under 2 crores, enjoying advantages like access to bank loans and credit facilities.

Advantages of one Person Company

  • Minimum requirements: Only one person needed as shareholder and director, who can be the same individual.
  • Single owner: With a single owner, decisions are made swiftly, allowing better management and control without the complexities of larger firms. This sense of ownership drives business growth.
  • No Mandatory AGM: Unlike other companies, there's no need to hold an annual general meeting.
  • Easy Funding: As a private company, an OPC can easily secure funds from financial institutions, angel investors, venture capital firms, and more.

Documents Required for OPC Registration

  • Proof of Address: Copies of original address documents.
  • Aadhar Card: Copy of the Aadhar card.
  • PAN Card: Copy of the PAN card.
  • Photograph: Photocopy of the OPC registered person.
  • Email Address: Email ID of the person.
  • Phone Number: Contact number.

Benefits of OPC Registration in Bangalore

Benefits of an OPC registration online:

  • Profit Share: Enjoys business profits.
  • Manageability: Simple to manage.
  • Legal Identity: Possesses distinct legal identity.
  • Conversion Ease: Easily convertible into any business form.
  • Hassle-Free Filing: Simple return filing process.
  • Limited Liability: Company's liability is limited.
  • Flexibility and Tax Advantages: Offers flexibility and tax savings.
  • Enhanced Credibility: Gains higher credibility with vendors and lending institutions.