OPC registration in coimbatore

OPC Registration in Coimbatore

OPC Registration stands as a top and contemporary method for Company registration in Coimbatore. Earnlogic offers premier OPC Registration in Coimbatore at the most competitive rates and rapid turnaround. Our services extend across Ukkadam, Singanallur, Lakshmi Mills, Ganapathy, and all other Coimbatore regions.

OPC Registration, introduced in the Company’s Act 2013, refines the sole proprietorship model. Previously, an individual couldn't incorporate a business due to minimum director and member requirements in private and public companies. However, Section 2(62) now allows forming a company with just 1 Director and 1 member, known as a one person company.

In OPC Registration in Coimbatore, compliance needs are lower than in private companies. The single owner manages all authority as the sole shareholder and director. Unlike private companies, OPCs don't offer employee stock options or equity funding. Moreover, if an OPC surpasses a turnover of Rs. 2 crores or acquires a paid-up fund of Rs. 50 lakh, it must convert to a private or public limited company within six months.

Procedure for OPC Registration in Coimbatore

  • Obtaining the director's DSC (Digital Signature Certificate)
  • Securing the director's DIN (Directors Identification Number)
  • Seeking OPC Name Approval
  • Generating the Certificate of Incorporation by submitting final documentation (AOA, MOA, Subscription Pages, Consent Letters, Business Address Proofs, etc.)
  • Applying for PAN & TAN.

These are the steps involved in OPC registration online.

Documents required for One Person Company Registration

  • INC-1 for Name Reservation application
  • Identity proof, address proof, and PAN card copy of the nominee and member.
  • INC-3 for Nominee's agreement.
  • INC-9 for Memorandum and Confirmation of shares.
  • Company registration application submission.
  • Form INC-22 for the registrar office address.
  • Registered office address proof.

These are the documents necessary for OPC registration process in Coimbatore.

Advantages of one Person Company

  • Minimum requirements: Only one person needed as both shareholder and director.
  • Single owner: Facilitates quick decision-making and efficient business management without complex procedures.
  • No Mandatory AGM:Unlike other companies, there's no obligation to conduct an annual general meeting.
  • Easy Funding: As a private company, an OPC with online OPC registration in Coimbatore can easily secure funds from financial institutions, angel investors, venture capital firms, and more.