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One person Company

Ryot Associates provide one person company registration in Coimbatore, Tirupur, Erode, Namakkal, Chennai and all other places in Tamilnadu. Single person can start a company which is called one person company (OPC), which was introduced by the Companies Act, 2013. OPC supports the entrepreneurs who wish to start a business by their own. It gives the full control to the entrepreneur and that person will be the only shareholder and director. Though OPC allows a single entrepreneur it also has some limitations. Such as, every OPC should nominate a nominee. If the director/shareholder of the OPC is disabled, the nominee will become the director/shareholder. OPC should be converted in to a private limited company if the annual turnover crosses the limit of Rs.2 crores. There is no minimum capital requirement is needed to start OPC.

Documents required for registration

  • Scanned copy of passport/PAN card
  • Scanned copy of voter ID or driving license
  • Scanned copy of current bank statement, telephone bill or gas bill
  • Scanned passport-sized photograph
  • Copy of proof of nominee

The above mentioned documents should be submitted by the director. The self-attested copy of the first three documents should also submitted by the director. The foreign nationals should provide notarized documents.

Scanned copy of the latest bank statement, No-objection certificate from the landlord, notarized rental agreement and property deed in English should be submitted as a document for the registered office. In OPC the registered office can also be the person’s residence. A commercial space is not mandatory in OPC.

Advantages of One Person Company

Separate Legal Entity

OPC is a separate legal entity in which the entrepreneur is able to do anything they wish to do.

Single Owner

As there is a single owner in OPC, it’s easy to make decisions very quickly. They can control and manage the business by themselves without any confusions or distractions.