One Person Company Registration in Tiruchirappalli

One Person Company Registration in Tiruchirappalli

Starting a business in Tiruchirappalli? It may seem complicated at first, because if you are starting alone, you have to decide what business structure you want to set up, what documents to file, and how to incorporate your company. Many entrepreneurs face this challenge when they have to change their idea into reality because they want the benefits of the registered company, but without the burden of heavy compliance. In such a case, the One Person Company (OPC) is the perfect solution. It allows a single individual to start and manage a company with limited liability and full ownership control. You enjoy the benefits of a private limited company and build credibility with clients, banks, and investors. The process of incorporating an OPC in Tiruchirappalli is easy and entirely online.

What is a One Person Company (OPC)?

A One Person Company (OPC) is a type of company that can be started and managed by a single person. It is incorporated under the Companies Act, 2013 and works like a private limited company, but with only one owner. Even though there is only one person behind it, the company is treated as a separate legal identity. This means the company can:

• Own property in its own name,
• Open a bank account,
• Sign contracts, and
• Can file the cases independently

Eligibility Criteria to Incorporate an OPC in Tiruchirappalli

Meet the following eligibility criteria to incorporate an OPC in Tiruchirappalli:

• The owner must be a resident of India. It means the owner must have stayed in India for at least 120 days during the previous financial year.
• The owner must be at least 18 years old and legally capable of entering into a contract.
• Only one person can be the director and shareholder of the OPC.
• The company must also have one nominee, who will take over the company in
• The shareholder has to be a human being. A company cannot be a shareholder of an OPC.
• The annual turnover of the business must not exceed ₹2 crore.
• You cannot form more than one OPC at a time.

OPC Vs Sole Proprietorship Vs Private Limited Company

Documents Required for OPC Registration in Trichy

1. PAN card, Aadhaar card, Passport of the director and nominee.
2. Utility bills, rental agreement/lease agreement/ or sale deed or any other property ownership proof of the director and nominee
3. Recent passport-sized photographs of the director and the nominee.
4. Proof of registered office of the company in Tiruchirappalli. You can attach a utility bill or an NOC from the property owner if the property is rented.
5. Memorandum of Association (MOA)
6. Articles of Association (AOA).
7. Digital Signature Certificate (DSC) of the director and the nominee.
8. Director Identification Number (DIN) of the director.

Process for OPC Incorporation in Tiruchirappalli

Step 1: Obtain a Digital Signature Certificate (DSC)

The DSC is used to sign documents that need to be submitted online. It is issued by government-recognised certifying authorities.

Step 2: Obtain a Director Identification Number (DIN)

The MCA assigns each director of a firm a unique identification number known as a DIN.  Each director has a different and new number. The SPICe+ Form on the MCA portal is used to submit the DIN application.

Step 3: Reserve a Company Name

Once you obtain DSC and DIN, you need to file the application for reserving the company’s name. The name must be new, unique, and not similar to any existing company. An application in the form SPICe+ form for name reservation must be submitted after proposing 2 names in the priority order online at the MCA portal. The name will be reserved for 20 days from the date of approval by the MCA.

Step 4: Draft the Memorandum of Association (MoA)

Once the name of your company is approved, the next step is to prepare the Memorandum of Association (MoA). The MoA is the constitution of your company. It defines the goal, objectives, scope of activities of the company, what your company is formed to do and how it plans to function.

Step 5: Draft the Articles of Association (AoA)

The Articles of Association (AoA) act as a rulebook for your company. It sets out how the company will be managed internally. It defines the power of the director over how meetings and decision-making will take place. It also covers important details such as share capital, voting rights, and administration.

 Step 6: Submit the incorporation documents with the Registrar of Companies (ROC)

After drafting the MoA and AoA, you will need to file them online with the Registrar of Companies (ROC) through the MCA portal.

• The MoA is filed in Form INC-33.
• The AoA is filed in Form INC-34.

You also need to attach the following documents, pay the government fees, and upload the nominee’s consent form.

• Identity and Address Proof of Director and Shareholder(s)
• Proof of the Registered Office Address
• Consent and declaration by the director and the shareholder – Form INC- 9

Step 7: Appoint a Nominee

As per the Companies Act, 2013, it is mandatory to appoint a nominee in an OPC. A nominee is a person who will take over the company if the sole owner passes away or becomes unable to run the business.

Before the appointment, the nominee has to provide written consent in Form INC-3, in which the nominee confirms their consent to act as a nominee. This consent is then submitted to the MCA, along with the incorporation documents.

Step 8: Obtain a Certificate of Incorporation

When RoC verifies all the compliance requirements of the company and all the documents, a Certificate of Incorporation will be issued by the ROC. The certificate officially states that the OPC is incorporated, officially marking the formation of your OPC. The certificate includes the Corporate Identification Number (CIN), which is the unique Identification number for each company. 

Step 9: Open a Bank Account

After applying for a PAN and TAN, a new bank account in the company's name must be opened to enable the company to conduct financial transactions.

Compliances for OPC Post-Incorporation

Incorporating an OPC is not enough; it has to file the following every year to legally operate in India:

• File the financial statements
• File the Annual Return
• File the DIR-3 KYC form
• File the Tax returns
• File the GST returns (if registered)

Why Choose Kanakkupillai for OPC Incorporation in Tiruchirappalli

Tiruchirappalli has become one of India’s most promising startup cities, home to young professionals, tech entrepreneurs, and independent consultants. Setting up an OPC here is easy with the proper guidance. Kanakkupillai makes the entire process easy for you. We provide:

• Expert guidance for entrepreneurs, freelancers, and professionals.
• Quick and 100% online OPC Incorporation through the MCA portal.
• Complete assistance in preparing the MoA, AoA, and other mandatory documents.
• Prompt communication and compliance updates.
• Affordable service packages with no hidden costs.
• Local support for Tiruchirappalli entrepreneurs at every stage of incorporation.