Rated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Maduravoyal, Nerkundram & Nolambur (upcoming)15+ years of expert tax & compliance consulting500+ active clients across 243 Chennai areasRated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Maduravoyal, Nerkundram & Nolambur (upcoming)15+ years of expert tax & compliance consulting500+ active clients across 243 Chennai areas
Trusted OPC Consultants · Arcot Road Virugambakkam (PIN 600092)

OPC Incorporation in Arcot Road Virugambakkam, Chennai

OPC delivery for retail and healthcare firms across Arcot Road Virugambakkam — backed by a 15+ year track record

Professional OPC Incorporation in Arcot Road Virugambakkam (PIN 600092), Chennai — fixed fee, deterministic turnaround and archived working papers. Call 9566-068-468.

4.9
312+ Reviews
15+ Years
Zero Penalties
500+ Clients
Quick Answer

Is an OPC required to hold an Annual General Meeting in Arcot Road Virugambakkam, Chennai?

No. Under the proviso to Section 96(1) of the Companies Act 2013, the provisions relating to AGM do not apply to a One Person Company. The annual financial statements still require adoption — this is achieved through Section 122 by a resolution communicated by the sole member to the company and entered in the minutes book signed and dated by the member, which is deemed to be the resolution passed at a meeting.

Transparent Pricing

OPC Incorporation in Arcot Road Virugambakkam — Plans & Pricing

Fixed fees · Zero hidden charges · Call 9566-068-468 for a custom quote.

MonthlyAnnualSave 2 Months
Basic OPC
One-time SPICe+ incorporation
₹6,500one-time

  • Name Reservation via SPICe+ Part A
  • SPICe+ Part B (Form INC-32) Drafting
  • eMoA (INC-33) & eAoA (INC-34) Preparation
  • INC-3 Nominee Consent Drafting
  • Class 3 DSC for Member-Director (1 token)
  • DIN Allotment under Section 152(7)
  • PAN & TAN Application via AGILE-PRO-S
  • GSTIN / EPFO / ESIC Bundling
  • First Board Meeting Minutes
  • Statutory Registers Setup
  • Post-Incorporation Compliance Calendar
  • WhatsApp Document Pickup
  • Certificate of Incorporation Delivery
Starter
Incorporation + bank account + first board meeting
₹10,500one-time

  • Name Reservation via SPICe+ Part A
  • SPICe+ Part B (Form INC-32) Drafting
  • eMoA (INC-33) & eAoA (INC-34) Preparation
  • INC-3 Nominee Consent Drafting
  • Class 3 DSC for Member-Director (1 token)
  • DIN Allotment under Section 152(7)
  • PAN & TAN Application via AGILE-PRO-S
  • INC-9 Subscriber & Director Declaration
  • AGILE-PRO-S Bank Account Opening Coordination
  • First Board Meeting Minutes & Section 173(5) Compliance
  • Statutory Registers Setup
  • Post-Incorporation Compliance Calendar
  • WhatsApp Document Pickup
  • Certificate of Incorporation Delivery
Most Popular ⭐
Professional
Incorporation + 90-day post-compliance
₹22,500/month
Annual: ₹270,000₹22,500 (Save ₹247,500)

  • Name Reservation via SPICe+ Part A
  • SPICe+ Part B (Form INC-32) Drafting
  • eMoA (INC-33) & eAoA (INC-34) Preparation
  • INC-3 Nominee Consent Drafting
  • Class 3 DSC for Member-Director (1 token)
  • DIN Allotment under Section 152(7)
  • PAN & TAN Application via AGILE-PRO-S
  • INC-9 Subscriber & Director Declaration
  • AGILE-PRO-S Bank Account Opening Coordination
  • First Board Meeting Minutes & Section 173(5) Compliance
  • Statutory Registers Setup (MBP-1
Premium
Incorporation + Section 18 conversion-readiness + investor pitch
₹55,000/month
Annual: ₹660,000₹55,000 (Save ₹605,000)

  • Name Reservation via SPICe+ Part A
  • SPICe+ Part B (Form INC-32) Drafting
  • eMoA (INC-33) & eAoA (INC-34) Preparation
  • INC-3 Nominee Consent Drafting
  • Class 3 DSC for Member-Director (1 token)
  • DIN Allotment under Section 152(7)
  • PAN & TAN Application via AGILE-PRO-S
  • INC-9 Subscriber & Director Declaration
  • AGILE-PRO-S Bank Account Opening Coordination
  • First Board Meeting Minutes & Section 173(5) Compliance
  • Statutory Registers Setup (MBP-1

Swipe to see all plans

Prices exclude GST. For enterprise pricing, call 9566-068-468.

Why FilingPro?

Why Arcot Road Virugambakkam Clients Choose FilingPro

Expert OPC in Arcot Road Virugambakkam — qualified professionals, 15+ years experience, zero-penalty track record.

AGILE-PRO-S Bundled Filings

AGILE-PRO-S linked form filed alongside SPICe+ — PAN, TAN, GSTIN (where Section 22/24 triggered), EPFO, ESIC and Profession Tax registrations along with bank account opening coordination through partner banks.

Section 173(5) Board Calendar

Section 173(5) half-yearly board meeting calendar issued at incorporation — one meeting in each half of calendar year with minimum 90-day gap. First board meeting minutes prepared with statutory items (Section 139(6) auditor appointment, registered office confirmation).

Section 122 Deemed Resolution Flow

Sole member resolutions communicated and recorded in the minutes book under Section 122(3) — the entry date is the deemed AGM date for AOC-4 (180 days) and MGT-7A (60 days) filing windows.

Statutory Registers Setup Day One

Statutory registers — Register of Members (MGT-1), Register of Directors and KMP and Shareholding (MBP-3 / MBP-1 disclosure of interest), Securities Allotment (SH-2), Share Certificate (SH-3) and Charges (MA-1) — set up and pre-populated for Arcot Road Virugambakkam OPC clients.

115BAA / 115BAB Tax Election Advisory

Section 115BAA at 22% (no specified deductions) and Section 115BAB at 15% (new manufacturing post 01-October-2019) evaluated against the regular regime — election filed in Form 10-IC or 10-ID before the due date of return for the first applicable year.

Voluntary Section 18 Conversion Ready

When Arcot Road Virugambakkam OPC clients secure angel or VC funding, voluntary conversion to Private Limited under Section 18 read with the amended Rule 6 is filed via Form INC-6 — special resolution under Section 122, member count increased to at least two and fresh Certificate of Incorporation issued.

Key Benefits

What Arcot Road Virugambakkam Clients Get

Every OPC Incorporation engagement delivers measurable, guaranteed outcomes — expert professionals, on time, every time.

No AGM Requirement Section 96(1)
The proviso to Section 96(1) exempts OPCs from holding Annual General Meetings. Arcot Road Virugambakkam member-directors transact statutory business through Section 122 deemed resolutions — saving the cost, formality and timing constraints of physical AGMs.
Half-Yearly Board Meetings Section 173(5)
Section 173(5) requires only one board meeting in each half of a calendar year (90-day minimum gap) for OPCs and small companies — versus the four-meeting minimum for regular private limited companies under Section 173(1).
Cash Flow Statement Exempt Section 2(40)
Under the proviso to Section 2(40), OPCs need not prepare a cash flow statement. Financial statements comprise only the Balance Sheet, Statement of Profit and Loss and Notes — substantially reducing accounting and audit overhead.
Simplified Annual Return MGT-7A
OPCs file the simplified MGT-7A under Rule 11(1) of the Companies (Management and Administration) Rules 2014 — no shareholder schedule, no PCS certification (MGT-8), and shorter declarations than the full MGT-7.
Concessional Tax Regimes Available
OPCs can elect Section 115BAA at 22% (existing companies, no specified deductions) or Section 115BAB at 15% (new manufacturing OPCs incorporated post 01-October-2019) — substantially lower than personal slab rates above ₹15 lakh.
No Mandatory Conversion Post-2021
The earlier ₹50 lakh paid-up capital / ₹2 crore turnover mandatory conversion triggers were omitted by the Companies (Incorporation) Second Amendment Rules 2021. Arcot Road Virugambakkam OPC clients can scale revenue without forced conversion to Private Limited.
Comparison

OPC vs Proprietorship

Why this matters here — Across Arcot Road Virugambakkam, the cluster of retail, healthcare, hospitality businesses that defines Arcot Road Virugambakkam's commercial fabric. Practitioners note that served by short connections to Virugambakkam and Valasaravakkam and onward to central Chennai.

AspectOPCProprietorship
Practitioner noteConfirm eligibility before commencementDocument the trigger before engagement begins
DefinitionOPC pathway under opc incorporationProprietorship pathway under opc incorporation
Trigger basisStatutory threshold or notified conditionAlternative condition prescribed by the operative section
Applicable section / ruleAs prescribed by the operative provisionAs prescribed by the alternative provision
Time limitPer statutory windowPer alternative statutory window
Compliance burdenLower / standardHigher / specialised
Documentation setStandard supporting documentsExtended supporting documents
Penalty exposure on defaultStandard penalty under the ActEnhanced penalty / disqualification consequence
ReversibilityReversible by amendment / withdrawalReversible only by separate statutory procedure
Typical use caseStandard opc incorporation pathwaySpecialised opc incorporation pathway
Cost implicationWithin standard fee bandMay attract specialist fees
Decision driverDefault for most situationsRequired where alternative condition holds
Documents Required

Documents for OPC Incorporation

Share documents via WhatsApp to 9566-068-468. No office visit required for Arcot Road Virugambakkam clients.

PAN of the proposed sole member-director
Aadhaar of the sole member-director and the nominee
Recent passport-size photograph of member-director and nominee
INC-3 Nominee Consent — written consent with PAN and Aadhaar of the nominee
Registered office address proof — utility bill (not older than 2 months) and ownership proof
NOC from owner of premises where registered office is on rented or shared property
Ready to Get Started?
WhatsApp your documents to 9566-068-468 — our team begins within 24 hours. No office visit needed.
Share Documents on WhatsApp Call @ 9566-068-468 Send Enquiry Online
Statutory Deadlines

Compliance deadlines that matter

Miss any of these and the next consequence kicks in automatically.

Deadlines in this neighbourhood — Across Arcot Road Virugambakkam, the business activity radiating outward from Arcot Road and nearby commercial pockets.

Trigger eventDaysFormConsequence
Incorporation of the OPC (commencement of business)180 daysINC-20AThe OPC cannot commence business or exercise borrowing powers until filed; late filing attracts a penalty of Rs.50,000 on the company and Rs.1,000 per day on each officer in default, and the Registrar may strike off the name.
Close of the financial year (31 March)180 daysAOC-4Financial statements must be filed within 180 days of the financial-year close; late filing attracts an additional fee of Rs.100 per day per form with no upper cap, and continuing default may attract penalty under Section 137(3).
Incorporation of the OPC (appointment of first auditor)30 daysBoard resolution (ADT-1 optional for first auditor)If the board or sole director fails to appoint the first auditor within 30 days, the member must appoint one within 90 days; continued default exposes the company and officers to penalty under Section 147.
Withdrawal of consent by the nominee15 daysFresh nomination in Form INC-3On receiving the nominee's withdrawal, the sole member must nominate a new eligible person within 15 days and intimate the company, failing which the OPC lacks a valid nominee as required by Section 3(1) proviso.
Change of nominee or intimation of nominee cessation to the Registrar30 daysINC-4The company must file Form INC-4 within 30 days of the change; default attracts the residuary penalty of Rs.10,000 plus Rs.1,000 per day of continuing default.
Passing of the resolution to convert the OPC voluntarily30 daysINC-6The application for voluntary conversion into a private or public company must be filed within 30 days of the resolution by increasing members and directors and altering the MOA and AOA.
Adoption of accounts by the sole member (deemed AGM date)60 daysMGT-7AThe abridged annual return in Form MGT-7A must be filed within 60 days of the deemed AGM date; late filing attracts an additional fee of Rs.100 per day and further penalty under Section 92(5).

Deadline pressure points we see in Arcot Road Virugambakkam: On the ground in Arcot Road Virugambakkam, for Arcot Road Virugambakkam businesses balancing growth ambitions with tight statutory compliance.

Forms Library

Forms used in this engagement

SPICe+ (INC-32)Simplified Proforma for Incorporating Company Electronically Plus

Integrated web form for name reservation (Part A) and incorporation (Part B) of the OPC, providing allotment of DIN for the sole director, PAN and TAN in a single application.

Filed at incorporation Central Registration Centre, MCA / Registrar of Companies
INC-33 and INC-34eMOA and eAOA

Electronic Memorandum of Association (INC-33) and Articles of Association (INC-34) filed as linked forms with SPICe+ Part B, setting out the OPC's objects, share capital, internal governance and the mandatory nominee clause.

Filed with SPICe+ at incorporation Central Registration Centre, MCA
INC-3Nominee Consent for OPC

Written consent of the person nominated to become the sole member on the subscriber's death or incapacity to contract; a mandatory attachment to SPICe+ and refiled whenever the nominee changes.

Filed with SPICe+ at incorporation; refiled on change of nominee Central Registration Centre, MCA
AGILE-PRO-S (INC-35)Application for GSTIN, EPFO, ESIC, Bank Account, Professional Tax and Shops registration

Linked form filed with SPICe+ to obtain GST registration, EPFO and ESIC numbers, a company bank account, and in applicable states professional-tax and shops-and-establishment registration, all in one application.

Filed with SPICe+ at incorporation MCA, routed to the respective authorities
AOC-4Filing of Financial Statements

Filing of the OPC's audited financial statements, comprising the balance sheet, statement of profit and loss, notes and the auditor's report, with the Registrar.

Within 180 days of the close of the financial year Registrar of Companies, MCA
MGT-7AAbridged Annual Return

Abridged annual return prescribed for OPCs and small companies from FY 2020-21, capturing shareholding, director and compliance particulars; it may be signed by the director without a company secretary.

Within 60 days of the deemed AGM date Registrar of Companies, MCA

OPC Incorporation in Arcot Road Virugambakkam, Chennai 600092

Arcot Road Virugambakkam is a major commercial corridor with dense retail healthcare hospitality and coaching activity. For OPC Incorporation at PIN 600092, understanding the Saidapet Division's documentation norms removes most of the friction from the process. Every Arcot Road Virugambakkam engagement we open begins with the basics: PIN 600092, the Saidapet Division, and the coordinates 13.0511, 80.1875 that anchor the locality. Arcot Road Virugambakkam (PIN 600092) falls under the Saidapet Division of the Chennai West, the jurisdiction that handles statutory matters for businesses at this PIN.

The businesses clustered around Arcot Road in Arcot Road Virugambakkam drive the bulk of the OPC Incorporation workload we see each cycle. Document pickup near Arcot Road is a same-hour errand for our Arcot Road Virugambakkam engagements rather than the half-day a typical Chennai client expects. Freight and foot traffic from the Arcot Road Virugambakkam Bus Stop hub pull steady daily commerce through Arcot Road Virugambakkam, so there is rarely a quiet filing month in this major commercial corridor pocket. Most commerce in Arcot Road Virugambakkam — invoices, expenses, purchases and statutory records — eventually surfaces in the OPC working file we maintain for clients here.

coaching units around Arcot Road Virugambakkam share recurring OPC patterns — input-credit timing, vendor reconciliation, and sector-specific documentation. Mixed coaching activity across Arcot Road Virugambakkam means our OPC team keeps sector playbooks ready rather than improvising per client. The business mix in Arcot Road Virugambakkam centres on coaching, and that sector carries its own OPC Incorporation quirks we plan for in advance. A coaching operator in Arcot Road Virugambakkam gets a OPC workflow shaped by sector norms, not a one-size-fits-all template.

The qualified-review step on every Arcot Road Virugambakkam OPC file is where errors get caught before they reach the portal. Document intake for Arcot Road Virugambakkam clients runs over WhatsApp, so there is no office visit and no paper shuffle for a OPC Incorporation engagement. Every OPC file we open for Arcot Road Virugambakkam is reconciled, reviewed by a qualified practitioner, and archived for seven years. A Arcot Road Virugambakkam client sees the same OPC cadence each cycle: intake, reconciliation, review, filing, acknowledgement.

OPC Incorporation clients in Porur are handled by the same practitioners who run our Arcot Road Virugambakkam desk. We treat Arcot Road Virugambakkam and Porur as one catchment for OPC Incorporation, which keeps documentation and turnaround consistent. Businesses straddling Arcot Road Virugambakkam and Porur get a single OPC point of contact rather than two. A client relocating between Arcot Road Virugambakkam and Porur keeps the same OPC file and the same team.

Over several cycles in Arcot Road Virugambakkam, the recurring OPC Incorporation issues cluster around a predictable short list we screen for early. Each engagement in Arcot Road Virugambakkam adds to a record of what the Chennai West jurisdiction expects, sharpening the next OPC file. Common patterns in the Saidapet Division give Arcot Road Virugambakkam businesses an early-warning map we use to pre-empt OPC issues. Recurring gaps in Arcot Road Virugambakkam hospitality records are the first thing our OPC Incorporation review closes out.

Relocating a registered office into Arcot Road Virugambakkam (PIN 600092) changes the assessing division, and we handle that OPC Incorporation transition cleanly. When a Valasaravakkam business expands into Arcot Road Virugambakkam, we extend its OPC setup to PIN 600092 without disruption. Incorporating in Arcot Road Virugambakkam comes with jurisdiction, registration and OPC steps that we sequence so nothing stalls the launch. First-time OPC Incorporation for a Arcot Road Virugambakkam business is where getting the basics right saves years of cleanup later.

4.9★
Average Rating
15+
Years Experience
500+
Active Clients
Zero
Penalty Instances
Expert Guide

OPC Incorporation in Arcot Road Virugambakkam — Complete Guide

For Arcot Road Virugambakkam entrepreneurs, the OPC framework post Companies (Amendment) Act 2021 is dramatically more flexible — residency reduced from 182 to 120 days under Rule 3(1), NRIs (Indian citizens resident outside India) eligible to incorporate from 01-April-2021, and the earlier mandatory conversion thresholds (₹50 lakh paid-up capital / ₹2 crore turnover) omitted entirely. Conversion to Private Limited is now purely voluntary under Section 18 via Form INC-6.

OPC Incorporation in Arcot Road Virugambakkam, Chennai

One Person Company registration for Arcot Road Virugambakkam entrepreneurs is filed under Section 2(62) of the Companies Act 2013 read with Rule 3 of the Companies (Incorporation) Rules 2014 — SPICe+ Part B with INC-3 Nominee, DIN under Section 152(7) and Certificate of Incorporation typically within 7 to 10 working days.

OPC Registration Consultant in Arcot Road Virugambakkam — SPICe+ Specialist

A dedicated OPC consultant in Arcot Road Virugambakkam drafts SPICe+ Part B (INC-32), eMoA (INC-33), eAoA (INC-34) and INC-3 Nominee Consent, secures Class 3 DSC, applies for DIN under Section 152(7) and coordinates AGILE-PRO-S for PAN, TAN, GSTIN, EPFO, ESIC and bank account opening in a single integrated filing.

Section 122 Deemed Resolution & MGT-7A — Post-Incorporation Compliance

OPCs in Arcot Road Virugambakkam comply via Section 122 deemed resolutions, Section 173(5) half-yearly board meetings (90-day gap), AOC-4 within 180 days from FY-end and MGT-7A simplified annual return within 60 days of deemed AGM date — all handled under our Professional and Premium plans.

OPC vs Private Limited & Voluntary Conversion under Section 18

For Arcot Road Virugambakkam businesses scaling beyond single-founder operations, voluntary conversion of OPC to private limited under Section 18 read with the amended Rule 6 (post 01-April-2021) is filed via Form INC-6 — mandatory thresholds were removed by the Companies (Incorporation) Second Amendment Rules 2021.

Get Expert Help Today
Qualified professionals handle your OPC in Arcot Road Virugambakkam. WhatsApp documents — we begin within 24 hours. From ₹6,500/one-time. Free consultation.
WhatsApp for Free Consultation Call @ 9566-068-468
From ₹6,500/one-time
15+ years experience
Zero penalties guaranteed
Offices at Maduravoyal, Nerkundram & Nolambur (upcoming)
Key Facts — OPC Incorporation in Arcot Road Virugambakkam
SPICe+ Part B (INC-32) drafted for Arcot Road Virugambakkam clients with eMoA (INC-33), eAoA (INC-34), INC-3 Nominee Consent and AGILE-PRO-S — single integrated filing under Rule 38.
INC-3 Nominee Consent with PAN, Aadhaar and written consent of the nominee — mandatory under Rule 4 of the Companies (Incorporation) Rules 2014.
Residency check under Rule 3(1) — reduced from 182 to 120 days by the Companies (Incorporation) Second Amendment Rules 2021; NRIs eligible from FY 2021-22.
Mandatory conversion thresholds (paid-up ₹50L / turnover ₹2 crore) confirmed REMOVED with effect from 01-April-2021 — voluntary conversion only via INC-6 under Section 18.
DIN allotted within SPICe+ under Section 152(7) — no separate DIR-3 required; Class 3 DSC procured for the sole member-director and the nominee where required.
Section 173(5) half-yearly board meeting calendar set for Arcot Road Virugambakkam clients — one meeting in each half of calendar year with a minimum 90-day gap.
Section 122 deemed resolutions and minutes book maintained — sole member's signed and dated minutes constitute resolutions passed at a general meeting under Section 122(3).
AOC-4 filed within 180 days of FY-end and MGT-7A simplified annual return filed within 60 days of deemed AGM date under Section 92(1) read with Rule 11(1).
Section 115BAA at 22% and Section 115BAB at 15% concessional tax regimes evaluated at incorporation for Arcot Road Virugambakkam OPCs — election filed in Form 10-IC / 10-ID in the first year.
Voluntary conversion to Private Limited under Section 18 read with amended Rule 6 — Form INC-6 with special resolution under Section 122 and increase in members to at least two.
People Also Ask — OPC in Arcot Road Virugambakkam
Who can incorporate a One Person Company in India?
Under Rule 3 of the Companies (Incorporation) Rules 2014, only a natural person who is an Indian citizen and resident in India for at least 120 days in the immediately preceding financial year (reduced from 182 days post Companies (Amendment) Act 2021) may incorporate an OPC. NRIs (Indian citizens resident outside India) became eligible from 01-April-2021. Each natural person may incorporate only one OPC and be nominee in only one OPC.
Are the mandatory conversion thresholds for OPC still in force?
No. The earlier mandatory conversion thresholds — paid-up capital exceeding ₹50 lakh or average annual turnover exceeding ₹2 crore — were omitted by the Companies (Incorporation) Second Amendment Rules 2021 with effect from 01-April-2021. Conversion is now only voluntary, filed via Form INC-6 under Section 18 read with the amended Rule 6. An OPC may continue to grow without forced conversion.
What is the role of the nominee in an OPC?
The nominee, named in Form INC-3 at the time of incorporation under Rule 4, is the natural person who will become the member of the OPC in the event of the sole member's death or incapacity to contract. The nominee is not a director, has no rights during the lifetime of the member, and may withdraw consent at any time under Rule 4(3) requiring fresh nomination within 15 days.
Is an OPC required to hold an Annual General Meeting?
No. The proviso to Section 96(1) of the Companies Act 2013 exempts OPCs from holding an Annual General Meeting. Annual financial statements are adopted via Section 122 deemed resolutions — the sole member's communication recorded in the minutes book signed and dated by the member. The date of such entry is treated as the deemed AGM date for filing AOC-4 within 180 days and MGT-7A within 60 days.
What is Form MGT-7A and how does it differ from MGT-7?
Form MGT-7A is the simplified Annual Return prescribed under Section 92(1) read with Rule 11(1) of the Companies (Management and Administration) Rules 2014 for OPCs and small companies. Compared to the full MGT-7, MGT-7A omits shareholder details, indebtedness analysis and several certifications, requires no PCS certification (Form MGT-8), and is filed within 60 days from the deemed AGM date for the OPC.
Can an OPC carry on Non-Banking Financial Investment activities?
No. Rule 3(6) of the Companies (Incorporation) Rules 2014 expressly prohibits an OPC from carrying out Non-Banking Financial Investment activities including investment in securities of any body corporate. NBFC business, mutual fund management, stock broking and similar SEBI/RBI-regulated activities require a private or public limited company structure with appropriate regulatory licences.
How does Section 122 deemed resolution work for an OPC?

Section 122(3) provides that for matters required to be transacted at an AGM or other general meeting, the resolution is deemed passed when communicated by the sole member to the company and recorded in the minutes book maintained under Section 118. The minutes must be signed and dated by the member and the date of...

How frequently must an OPC hold board meetings?

Section 173(5) provides that an OPC, small company, dormant company or one-person company having only one director is exempt from compliance with Section 173(1) (minimum four meetings per year). It must hold at least one board meeting in each half of a calendar year and the gap between two meetings shall not be less than...

What annual returns and financial statements must an OPC file?

An OPC files Form AOC-4 (financial statements) within 180 days from the close of the financial year under Section 137(1) — the standard 30-day window from AGM does not apply because there is no AGM. The annual return is filed in Form MGT-7A (the simplified return for OPCs and small companies) under Section 92(1) read...

Is statutory audit mandatory for an OPC regardless of turnover?

Yes. Section 139 read with Section 141 mandates appointment of a statutory auditor for every company incorporated under the Act, including OPCs, irrespective of paid-up capital or turnover. The first auditor is appointed by the Board within 30 days of incorporation under Section 139(6); subsequent auditors are appointed for a five-year term. There is no...

Is an OPC exempt from preparing a cash flow statement?

Yes. Under the proviso to Section 2(40) of the Companies Act 2013, the financial statement of an OPC, small company and dormant company need not include a cash flow statement. The financial statement therefore comprises only the balance sheet, statement of profit and loss and notes to accounts — reducing accounting and audit overhead substantially...

What is the registered office requirement under Section 12?

Section 12(1) requires every company including an OPC to have a registered office capable of receiving and acknowledging communications from the date of its incorporation, and Section 12(4) requires intimation to the Registrar in Form INC-22 within 30 days of incorporation if the office address is not declared in SPICe+ at incorporation. The address proof...

What Arcot Road Virugambakkam clients want to know before signing: On the ground in Arcot Road Virugambakkam, around the Arcot Road catchment of Arcot Road Virugambakkam.

Expert Guide

A complete walkthrough — Opc Registration

Reading this guide locally — Across Arcot Road Virugambakkam, around the Arcot Road catchment of Arcot Road Virugambakkam.

What is OPC Incorporation and when is it required

Service overview

OPC Incorporation in Chennai () is processed end-to-end by qualified Company Secretaries and Chartered Accountants at FilingPro under Section 2(62) of the Companies Act 2013 read with Rule 3 of the Companies (Incorporation) Rules 2014. We file SPICe+ Part B (INC-32) with eMoA (INC-33), eAoA (INC-34), INC-3 Nominee Consent and AGILE-PRO-S in a single integrated application — Certificate of Incorporation typically delivered within 7 to 10 working days. Documents are accepted entirely on WhatsApp and no office visit is required.

Why opc incorporation matters for your business

Separate Legal Personality Under Section 9

Section 9 confers separate legal personality on the OPC from the date of incorporation — the OPC can sue and be sued in its own name, hold property in its own name and contract independent of the sole member.

Perpetual Succession via INC-3 Nominee

Through the INC-3 nominee mechanism under Rule 4, the OPC continues uninterrupted on the sole member's death or incapacity — the nominee automatically becomes the new member, eliminating the dissolution risk inherent to a sole proprietorship.

No AGM Requirement Section 96(1)

The proviso to Section 96(1) exempts OPCs from holding Annual General Meetings. Chennai member-directors transact statutory business through Section 122 deemed resolutions — saving the cost, formality and timing constraints of physical AGMs.

How the engagement runs end to end

Eligibility Assessment & Name Reservation

Rule 3 eligibility verified for the Chennai member — Indian citizen, 120-day residency check (or NRI eligibility post-2021), no existing OPC membership or nomination. Two proposed names submitted via SPICe+ Part A (or RUN if needed) under Section 4(2) — name available for 20 days.

DSC & DIN Preparation

Class 3 DSC procured for the sole member-director and the nominee where applicable — Aadhaar e-KYC route preferred for same-day issue. DIN application embedded within SPICe+ Part B under Section 152(7) — no separate DIR-3 fee.

SPICe+ Part B & Linked Forms Drafting

SPICe+ Part B (INC-32) drafted with promoter, director, registered office, capital structure, MoA object clauses (Main Object aligned with intended business). eMoA (INC-33), eAoA (INC-34), INC-3 Nominee Consent, INC-9 Subscriber Declaration and AGILE-PRO-S (PAN, TAN, GSTIN, EPFO, ESIC, bank) attached.

What FilingPro brings to the engagement

SPICe+ Part B Filed Right First Time

Every SPICe+ Part B (INC-32) application is reviewed for completeness, name compliance with Section 4(2), MoA object clauses, AoA Article alignment and INC-3 nominee details before submission. Chennai clients have a near-zero RSUB rejection record.

INC-3 Nominee Consent Drafted Tight

The nominee's written consent in Form INC-3 along with PAN, Aadhaar and full address is drafted and notarised correctly under Rule 4 of the Companies (Incorporation) Rules 2014 — eliminating the most common Registrar query at SPICe+ scrutiny.

DIN Allotted Within SPICe+

DIN for the sole member-director is allotted within SPICe+ under Section 152(7) — no separate DIR-3 application or fee. Chennai clients receive a clean DIN with the Certificate of Incorporation.

What Arcot Road Virugambakkam clients usually ask next: On the ground in Arcot Road Virugambakkam, for Arcot Road Virugambakkam businesses balancing growth ambitions with tight statutory compliance.

Glossary

Plain-English glossary for this service

SPICe+

Form SPICe+ is the statutory form prescribed for opc incorporation engagements under the applicable Act. It carries the information set required by the prescribed authority and follows the timeline set by the relevant section or rule.

INC-32

Form INC-32 is the statutory form prescribed for opc incorporation engagements under the applicable Act. It carries the information set required by the prescribed authority and follows the timeline set by the relevant section or rule.

INC-3 Nominee

Form INC-3 Nominee is the statutory form prescribed for opc incorporation engagements under the applicable Act. It carries the information set required by the prescribed authority and follows the timeline set by the relevant section or rule.

Companies Act 2013 Section 2(62) and Rule 4

Companies Act 2013 Section 2(62) and Rule 4 is the operative provision of the Statutory Reference that governs opc incorporation in the present context. It sets the substantive obligation, the procedural pathway and the consequences of non-compliance.

nominee withdrawal procedure

nominee withdrawal procedure is a recurring compliance risk in opc incorporation engagements. Identifying it early in the workflow lets the practitioner mitigate the exposure before it ripens into an adverse statutory consequence.

conversion to private limited at threshold

conversion to private limited at threshold is a recurring compliance risk in opc incorporation engagements. Identifying it early in the workflow lets the practitioner mitigate the exposure before it ripens into an adverse statutory consequence.

annual return MGT-7A

annual return MGT-7A is a recurring compliance risk in opc incorporation engagements. Identifying it early in the workflow lets the practitioner mitigate the exposure before it ripens into an adverse statutory consequence.

Cost of Non-Compliance

Real-world penalty exposure

Numerical examples showing tax + interest + penalty across common default scenarios.

ScenarioBase taxInterestPenaltyTotal
OPC in {{area_name}} commenced business and borrowed without filing INC-20A within 180 days of incorporationNil (incorporation matter)NilRs.50,000 on the company plus Rs.1,000 per day on the director, director cap Rs.1,00,000Rs.50,000 + per-day fine
Financial statements in AOC-4 filed 100 days after the 180-day deadlineNilNilRs.100 per day additional fee with no cap = Rs.10,000 for 100 daysRs.10,000 additional fee
Abridged annual return MGT-7A filed 60 days lateNilNilRs.100 per day additional fee = Rs.6,000 for 60 daysRs.6,000 additional fee
Change of nominee not intimated to the Registrar in Form INC-4 within 30 daysNilNilRs.10,000 plus Rs.1,000 per day of continuing default under the residuary penaltyRs.10,000 + per-day fine
Director of the OPC missed the DIR-3 KYC deadline of 30 September and the DIN was deactivatedNilNilRs.5,000 reactivation fee per DIN; all e-filings requiring the director's DSC are blocked until reactivationRs.5,000 per DIN
OPC sought to be incorporated to carry on non-banking financial investment activity in securitiesNilNilIncorporation objects invalid; the OPC cannot be incorporated for such activity and the filing is liable to rejection or actionFiling rejected

How Arcot Road Virugambakkam businesses typically avoid these: On the ground in Arcot Road Virugambakkam, the cluster of retail, healthcare, hospitality businesses that defines Arcot Road Virugambakkam's commercial fabric; for Arcot Road Virugambakkam businesses balancing growth ambitions with tight statutory compliance.

By Industry

Industry-specific patterns in Arcot Road Virugambakkam

How the local trade mix shapes this — Across Arcot Road Virugambakkam, the cluster of retail, healthcare, hospitality businesses that defines Arcot Road Virugambakkam's commercial fabric.

E-commerce
Common issue: Single-founder online sellers set up an OPC to open branded marketplace and payment-gateway accounts that require a registered company and a corporate bank account. A common problem is a mismatch between the registered-office address in the incorporation documents and the principal place of business declared in the GST application filed through AGILE-PRO-S, which triggers a GST deficiency memo and delays the GSTIN. Sellers also overlook that an OPC cannot be incorporated to carry on securities-investment or NBFC activity under Rule 3(6), and occasionally draft objects that stray into prohibited territory. Post-incorporation, they forget INC-20A before listing products, and multi-state warehousing, including marketplace fulfilment centres, creates additional GST registrations they did not plan for at incorporation.
How we handle it: Keep the registered-office address in SPICe+ identical to the principal place of business in the AGILE-PRO-S GST application, and declare additional fulfilment locations separately rather than substituting them. Draft the eMOA object squarely around online retail and marketplace selling, avoiding any NBFC or securities-investment language barred by Rule 3(6). File INC-20A within 180 days on receipt of subscription money before commencing sales and activating seller accounts. Plan for extra-state GST registrations wherever inventory is stored in marketplace warehouses, reconcile marketplace TCS credits monthly, and calendar the OPC's AOC-4 within 180 days and MGT-7A within 60 days so per-day additional fees never accrue.
IT Services
Common issue: Freelance developers and solo IT founders in Chennai often start as proprietors and only consider an OPC once overseas clients demand a body corporate. Two problems then recur. First, they draft a narrow eMOA object such as software services to domestic clients, which later blocks SaaS licensing, product sales or receiving foreign equity without a Section 13 object amendment. Second, they underestimate export-linked compliance: an OPC billing foreign clients needs GST registration, often as an exporter under a Letter of Undertaking, a current account able to receive inward remittances with FIRCs, and correct place-of-supply treatment. Because there is only one director, they also tend to neglect the annual AOC-4 and MGT-7A filings, assuming a single-member company has no real compliance, and then accumulate Rs.100-per-day additional fees.
How we handle it: Draft the eMOA object broadly to cover software development, IT-enabled services, SaaS and digital-product distribution, and cross-reference the relevant NIC codes in SPICe+ Part B so future pivots need no amendment. File AGILE-PRO-S at incorporation to obtain GSTIN and a current account together, and register a Letter of Undertaking so exports can be billed without IGST. Name an eligible nominee in Form INC-3 who is not already the nominee of another OPC. After incorporation, file INC-20A within 180 days on receipt of subscription money, appoint the first auditor within 30 days, and set a compliance calendar keyed to the 180-day AOC-4 and 60-day MGT-7A deadlines. Retain FIRCs and reconcile GST returns with foreign-remittance receipts each quarter.
Professional Services
Common issue: Independent consultants in management, HR, marketing and technology often incorporate an OPC to present a corporate identity to enterprise clients who insist on contracting with a company rather than an individual. A frequent issue is nominee eligibility: they casually name a relative in Form INC-3 without checking that the person is an Indian-citizen natural person, is not a minor, and is not already a member or nominee of another OPC, which triggers a SPICe+ resubmission. Another is the assumption that regulated professions can be practised through an OPC; statutory practice by chartered accountants, company secretaries or advocates is restricted by their professional bodies, so only advisory and consulting activity is appropriate. Many also ignore that an OPC still requires annual filings and director KYC to stay compliant.
How we handle it: Before filing, confirm nominee eligibility against Rule 3 and obtain fresh consent in Form INC-3, keeping a backup candidate ready. Where the founder is a regulated professional, restrict the OPC's object to permitted management, technology or business-advisory activity and keep statutory practice outside the company. Set the eMOA object wide enough to cover the full advisory scope and list matching NIC codes. After incorporation, file INC-20A within 180 days, appoint the first auditor within 30 days, and complete DIR-3 KYC by 30 September each year to keep the DIN active. Calendar AOC-4 within 180 days of year-end and MGT-7A within 60 days of the deemed AGM, and note that the OPC annual return can be signed by the director without a company secretary.
D2C Retail
Common issue: Single-founder direct-to-consumer brands in skincare, apparel, packaged foods and home goods often incorporate an OPC to build a defensible brand and limited liability before scaling online sales. The most common friction is name reservation: founders pick a name resembling an existing company or a registered trademark, and the Central Registration Centre rejects it under Rule 8 and 8A, costing a fresh fee and time. A second issue is product-specific licensing overlooked at incorporation, such as FSSAI for food, cosmetic rules for skincare, and legal-metrology requirements for packaged goods, none of which the eMOA object anticipates. Founders selling on marketplaces also underestimate GST place-of-supply, e-commerce TCS credits and returns handling, and frequently forget INC-20A before commencing sales.
How we handle it: Run an MCA master-data search and a Trade Marks Registry search before filing SPICe+ Part A, and apply with two distinctive alternatives aligned to the OPC's object. Draft the eMOA to expressly cover manufacture and online sale of the specific product category and list the correct NIC codes. Sequence the licences: obtain GSTIN through AGILE-PRO-S, then FSSAI or cosmetic licensing as applicable before the first dispatch. File INC-20A within 180 days on receipt of subscription money so the company can lawfully commence business and open marketplace seller accounts. Reconcile marketplace TCS credits in GST returns monthly, and calendar the OPC's AOC-4 and MGT-7A annual filings to avoid the Rs.100-per-day additional fee.
Consulting
Common issue: Solo strategy, finance and operations consultants use an OPC to sign larger engagements and to separate personal assets from business liability. A recurring theme is the mistaken belief that an OPC must convert to a private limited company once it crosses two crore rupees of paid-up capital or twenty crore rupees of turnover, a threshold that the Companies (Incorporation) Second Amendment Rules 2021 abolished, leading some to convert prematurely and take on an unwanted second shareholder. The opposite error also occurs: founders who genuinely need outside equity or a co-founder try to bring them in without realising an OPC can have only one member and requires a formal conversion first. Compliance neglect is common too, with unfiled AOC-4 and MGT-7A and missed DIR-3 KYC.
How we handle it: Advise clearly that there is no longer any mandatory conversion, so a growing OPC can remain an OPC indefinitely. Convert only when there is a real reason, such as admitting an investor or co-founder, using Rule 6 and Form INC-6 with altered MOA and AOA and the required resolutions, on the founder's own timeline. Keep the eMOA object broad enough to cover the consulting scope so no amendment is needed as services expand. Maintain a compliance calendar covering INC-20A within 180 days, first-auditor appointment within 30 days, AOC-4 within 180 days of year-end, MGT-7A within 60 days of the deemed AGM, and DIR-3 KYC by 30 September to keep the DIN active and avoid director disqualification.
Case Studies

Anonymised engagements we have handled

Real client situations (names changed); illustrative of the kind of work we do.

Name reservationD2C Retail

OPC name rejected for resemblance to an existing trademark and company

Issue: A solo founder launching a direct-to-consumer skincare brand applied through SPICe+ Part A for a name closely resembling an existing registered company and a trademarked brand. The Central Registration Centre rejected the name under Rule 8 and 8A of the Companies (Incorporation) Rules 2014 as undesirable and too similar to an existing mark, costing the founder a fresh fee and roughly two weeks.
Approach: We ran an MCA master-data search and a Trade Marks Registry public search before re-applying, and prepared two distinctive alternatives built around a coined element to avoid phonetic and conceptual conflict. We aligned the proposed name with the OPC's main object, namely manufacture and online sale of cosmetics, and cited the founder's own pending trademark application as supporting material.
Outcome: The alternative name was approved on the second attempt within a few working days, and SPICe+ Part B was filed immediately thereafter. The OPC was incorporated with a clean, defensible brand name, and the founder proceeded to secure the matching trademark class for the brand.
Structure choiceIT Services

Freelance developer converting a proprietorship to an OPC for client and limited-liability comfort

Issue: A solo full-stack developer in {{area_name}} operating as a proprietor was signing contracts with two overseas SaaS clients whose master service agreements required a body corporate with limited liability and a stable legal identity. As a proprietor he faced unlimited personal liability and could not show a corporate PAN or certificate of incorporation, which was blocking both deals, yet he had no co-founder to form a two-member private limited company.
Approach: We recommended a One Person Company under Section 3(1)(c) so he could retain full ownership while gaining limited liability and a corporate identity. We drafted the eMOA with a broad software-services object, filed SPICe+ with DSC and a fresh DIN for the sole director, named his spouse as nominee in Form INC-3 after confirming her eligibility under Rule 3, and used AGILE-PRO-S to obtain GSTIN and a current account in one filing. We then filed INC-20A on receipt of subscription money.
Outcome: The certificate of incorporation was issued within 9 working days and the GSTIN and bank account went live shortly after. Both overseas master service agreements were signed against the corporate entity, and the founder retained 100 per cent control with no dilution. We calendared the first-year AOC-4 and MGT-7A filings to avoid the Rs.100-per-day additional fee.
NomineeProfessional Services

Nominee ineligible because he was already the nominee of another OPC

Issue: An independent management consultant preparing to incorporate an OPC named his brother as nominee in Form INC-3. During pre-filing checks it emerged that the brother was already recorded as the nominee of another family member's OPC. Rule 3 of the Companies (Incorporation) Rules 2014 bars a person from being the nominee of more than one OPC, so proceeding would have drawn a SPICe+ resubmission notice and delayed incorporation.
Approach: We paused the filing and reviewed alternative nominees against Rule 3, checking that the candidate was a natural person, an Indian citizen, not a minor, and not already a member or nominee of another OPC. The consultant's spouse qualified. We obtained fresh consent in Form INC-3, updated the nominee clause in the eMOA, and separately confirmed that the consultant himself was not a member or nominee of any other OPC.
Outcome: SPICe+ was filed clean at the first attempt with a compliant nominee, avoiding a resubmission notice from the Central Registration Centre. Incorporation completed within 8 working days, and we left the client a standing note to file Form INC-4 promptly should the nominee ever change.
EligibilityConsulting

NRI founder incorporating an OPC after the 2021 rule relaxation

Issue: A management consultant who had recently relocated to Dubai wanted to incorporate an OPC in Chennai to service his Indian clients. Under the pre-2021 rules an OPC could be formed only by a person resident in India for at least 182 days, which appeared to disqualify him and was pushing him toward a costlier private limited structure with a nominee director he did not want.
Approach: We confirmed that the Companies (Incorporation) Second Amendment Rules 2021 had reduced the residency period to 120 days and expressly permitted Non-Resident Indians to incorporate OPCs, so as an Indian citizen he was eligible. We arranged apostilled identity and address proofs for his DSC, drafted the eMOA and AOA, named a resident nominee in Form INC-3, and filed SPICe+ together with AGILE-PRO-S.
Outcome: The OPC was incorporated without resorting to a two-member private limited company, saving the founder the cost and governance overhead of an unnecessary second shareholder. He retained sole ownership while operating from abroad, and we set up a compliance calendar covering INC-20A, AOC-4, MGT-7A and annual DIR-3 KYC.

Why these Arcot Road Virugambakkam engagements look the way they do: On the ground in Arcot Road Virugambakkam, the cluster of retail, healthcare, hospitality businesses that defines Arcot Road Virugambakkam's commercial fabric; for Arcot Road Virugambakkam businesses balancing growth ambitions with tight statutory compliance.

Client Reviews

What Arcot Road Virugambakkam Clients Say

Ramesh K
OPC Incorporation
“Incorporated my OPC through FilingPro in 9 working days — SPICe+ Part B was clean on first submission, INC-3 nominee consent was drafted properly with my brother as nominee and the Certificate of Incorporation along with PAN and TAN arrived together. Bank account opened the next week.”
2 weeks agoVerified Client
Priya S
OPC Incorporation
“FilingPro explained the post-2021 amendment clearly — that the ₹50 lakh and ₹2 crore mandatory conversion thresholds are no longer applicable. I was about to incorporate as a Private Limited unnecessarily. They saved me from unnecessary compliance and the OPC route was perfect for my consultancy.”
1 month agoVerified Client
Anand V
OPC Incorporation
“As an NRI working in Dubai with Indian citizenship I was told by another consultant that I cannot incorporate an OPC. FilingPro clarified the Companies (Amendment) Act 2021 position and confirmed eligibility from FY 2021-22 onwards. SPICe+ filed and Certificate received in 12 working days.”
3 months agoVerified Client
Sundari M
OPC Incorporation
“Switched my proprietorship to an OPC structure for liability protection on my growing e-commerce business. FilingPro handled the new OPC incorporation and guided me on closing the proprietorship GSTIN and migrating to the OPC GSTIN through the AGILE-PRO-S route. Smooth transition.”
6 weeks agoVerified Client
Karthik R
OPC Incorporation
“Required voluntary conversion of my OPC to Private Limited after raising angel investment. FilingPro filed INC-6 with the special resolution under Section 122, increased members to two and the new Certificate of Incorporation as a Private Limited was issued in 15 working days. Cap table and term sheet review was also included.”
2 months agoVerified Client
Divya P
OPC Incorporation
“FilingPro set up my OPC's full statutory register pack — MBP-1, MGT-1, SH-2, SH-3 and MA-1 — along with the first board meeting minutes and Section 173(5) half-yearly calendar. AOC-4 and MGT-7A filing dates were also calendared. Genuinely thorough post-incorporation handover.”
4 months agoVerified Client
4.9
312+ reviews
500+
Active Clients
15+
Years Exp
5★
4★
3★
Common Questions

OPC FAQ — Arcot Road Virugambakkam

Common questions from Arcot Road Virugambakkam clients. Call 9566-068-468 for specific queries.

No. Under the proviso to Section 96(1) of the Companies Act 2013, the provisions relating to AGM do not apply to a One Person Company. The annual financial statements still require adoption — this is achieved through Section 122 by a resolution communicated by the sole member to the company and entered in the minutes book signed and dated by the member, which is deemed to be the resolution passed at a meeting.
Section 193 of the Companies Act 2013 mandates that where an OPC limited by shares or guarantee enters into a contract with the sole member who is also the director, otherwise than in the ordinary course of business, the terms of the contract shall be in writing or contained in a memorandum, recorded in the minutes of the first board meeting after entering into the contract, and intimated to the Registrar in Form MGT-14 within 15 days of approval.
Yes — we handle OPC Incorporation for individuals and businesses across Arcot Road Virugambakkam (PIN 600092) and nearby Porur. The work is done end-to-end by our own team, with documents collected online over WhatsApp or email and in-person meetings available at our Maduravoyal and Nerkundram offices. Call 9566-068-468 to begin.
Following the Companies (Amendment) Act 2021 and the consequential MCA Notification dated 01-Feb-2021, the residency threshold under Rule 3(1) was reduced from 182 days to 120 days during the immediately preceding financial year. Effective 01-April-2021 NRIs (Indian citizens resident outside India) are also permitted to incorporate OPCs — a significant liberalisation removing the earlier resident-only restriction.
Under Section 152(7) read with Section 149(1), an OPC must have a minimum of one director and may have up to fifteen directors (extendable beyond 15 by a special resolution). The number of members is fixed at one — the sole subscriber. The same individual may simultaneously be the sole member and the sole director, achieving complete ownership-management unity within a body corporate framework.
Call or WhatsApp 9566-068-468 with a one-line description of your requirement. We confirm exactly which documents your Arcot Road Virugambakkam case needs, share a fixed quote upfront, and start once you approve. The first discussion is free.
OPC incorporation is filed via the integrated SPICe+ Part B (Form INC-32) along with linked forms — eMoA (INC-33), eAoA (INC-34), AGILE-PRO-S for GSTIN/EPFO/ESIC/Profession Tax/Bank Account, and INC-3 nominee consent. The proposed name is reserved either through SPICe+ Part A or RUN. Class 3 DSC of the member-director and Class 3 DSC of the nominee are required. DIN is allotted within SPICe+ for the sole director under Section 152(7).
Government cost includes MCA filing fee (nil for authorised capital up to ₹15 lakh under Notification dated 19-Feb-2019 for OPCs and small companies in SPICe+), stamp duty (State-specific — Tamil Nadu approximately ₹500 on MoA and 0.15% on AoA up to ₹60 lakh), DIN (₹500 if applied separately, free in SPICe+), Class 3 DSC (₹1,500 to ₹2,500 per token), PAN/TAN (free in SPICe+), name reservation (₹1,000). Professional fees are charged separately.
We keep payment simple for Arcot Road Virugambakkam clients — pay digitally by UPI or bank transfer against a proper invoice. The fee is agreed in writing before work starts, so you always know the amount in advance.
A One Person Company is defined under Section 2(62) of the Companies Act 2013 as a company which has only one person as a member. It is a private company by default under Section 3(1)(c) and enjoys separate legal personality with limited liability — unlike a sole proprietorship the member's exposure is limited to unpaid subscription on shares. The OPC structure was introduced on the recommendation of the Dr. J.J. Irani Committee Report and operationalised through the Companies (Incorporation) Rules 2014.
Section 12(1) requires every company including an OPC to have a registered office capable of receiving and acknowledging communications from the date of its incorporation, and Section 12(4) requires intimation to the Registrar in Form INC-22 within 30 days of incorporation if the office address is not declared in SPICe+ at incorporation. The address proof — utility bill not older than two months and NOC from owner where premises are rented — is mandatory.
Yes. Beyond OPC Incorporation, we cover GST, income tax, TDS, company and LLP registrations, digital signatures, audits and finance documentation — so Arcot Road Virugambakkam clients keep all their compliance under one roof. Ask us about anything on 9566-068-468.
An OPC is treated as a domestic company under Section 2(22A) of the Income-tax Act 1961 and taxed at corporate rates. It may opt for the concessional regime under Section 115BAA at 22% (plus surcharge and cess) without specified deductions, or under Section 115BAB at 15% if it is a new manufacturing company set up on or after 01-October-2019 and commencing manufacture by 31-March-2024 (extended). MAT under Section 115JB applies at 15% but is not applicable where 115BAA/115BAB is opted.
Yes. Under the proviso to Section 2(40) of the Companies Act 2013, the financial statement of an OPC, small company and dormant company need not include a cash flow statement. The financial statement therefore comprises only the balance sheet, statement of profit and loss and notes to accounts — reducing accounting and audit overhead substantially compared to a regular private limited company.
Under Section 92(5) and Section 137(3), default in filing MGT-7A or AOC-4 attracts a per-day late fee of ₹100 with no upper cap, plus penalty under Section 92(5) of ₹50,000 on the company and ₹50,000 on each officer in default. Continuous non-filing for two financial years also classifies the OPC as inactive under Section 248(1)(c), exposing it to Registrar-initiated strike-off.
Yes. After the Finance Act 2020 abolished Dividend Distribution Tax with effect from 01-April-2020, dividend declared by an OPC is taxed in the hands of the receiving member at the applicable slab rate under Section 56(2)(i) read with Chapter VI-A. The OPC must deduct TDS under Section 194 at 10% where the aggregate dividend in a financial year exceeds ₹5,000 to a resident shareholder.
OPC near Arcot Road Virugambakkam:

From Reddy Street, Sri Devi Kuppam Main Road, Thiruvalluvar Salai, Vanniyar Street and 3rd Main Road through to East vanniyar Street, Gandhi Road, Gandhi nagar main Road and Arcot Road, our team covers OPC for businesses right across Arcot Road Virugambakkam and its main commercial roads.

Free Consultation Available

Ready for Expert OPC in Arcot Road Virugambakkam?

Professional OPC Incorporation in Arcot Road Virugambakkam, Chennai. Call @ 9566-068-468. Offices at Maduravoyal, Nerkundram & Nolambur (upcoming). 15+ years experience, 4.9★ rated.

From ₹6,500/one-time
15+ years experience
Zero penalties guaranteed
Maduravoyal · Nerkundram · Nolambur (upcoming)
Call Now WhatsApp