One Person Company (OPC) Registration in Vadapalani - Filingpoint


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

Filingpoint One Person Company Registration in Vadapalani is the latest form of business structure launched under the Companies Act, 2013 to provide entrepreneurs with limited liability protection and corporate form of legal entity.It is the simplest way to start up a new business with ease and minimum compliances. It allows only one director to run a company and the ownership of the company is easily transferable after death or change in control.

Only natural persons who are Indian citizens can register an OPC. No other legal entities can form an OPC. The promoter must be a resident in India for at least 182 days in the preceding calendar year.

Nominee Appointment: The promoter must appoint a nominee to continue the business after his/her death or change in his/her control. A Nominee can be a person or a trust. The nominee must sign the documents required for incorporation of the OPC.

Unlike partnership firms, no annual returns are required for an OPC. There are also no audit requirements for an OPC.

The process of incorporating an OPC takes 10 working days once all the required documents are ready. It includes the application for name approval, filing of SPICE (INC-32) form, filing for PAN and TAN, and opening Bank Account. The registered address can be either the promoter's own residential address or a rented commercial space. No objection certificate from the landlord is required for changing the registered address of a One Person Company.

Contact Filingpoint One Person Company Registration Expert +91 72999 72500

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