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
Nolambur Phase 1 Bus Stop catchment · Nolambur Phase 1 OPC

OPC Incorporation near Nolambur Phase 1 Park, Nolambur Phase 1

Serving Nolambur Phase 1, Nolambur and the wider Nolambur belt — on fixed, transparent fees

OPC for residential phase with mid tier housing businesses across the Nolambur Phase 1 pocket near Nolambur Bus Stop — qualified review, a 7-year workpaper archive and fixed fees from day one. Call 9566-068-468.

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Quick Answer

Are the paid-up capital and turnover thresholds for mandatory OPC conversion still applicable in Nolambur Phase 1, Chennai?

No. The earlier mandatory conversion thresholds — paid-up capital exceeding ₹50 lakh OR average annual turnover exceeding ₹2 crore over three preceding financial years — were omitted by the Companies (Incorporation) Second Amendment Rules 2021 with effect from 01-April-2021. Under the amended Rule 6, an OPC may now grow without compulsory conversion. Conversion to private or public limited remains available voluntarily under Section 18 read with the amended Rule 6 in Form INC-6.

Transparent Pricing

OPC Incorporation in Nolambur Phase 1 — 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 Nolambur Phase 1 Clients Choose FilingPro

Expert OPC in Nolambur Phase 1 — qualified professionals, 15+ years experience, zero-penalty track record.

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. Nolambur Phase 1 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. Nolambur Phase 1 clients receive a clean DIN with the Certificate of Incorporation.

Class 3 DSC Procured Same Day

Class 3 Digital Signature Certificate for the sole member-director procured from eMudhra, Sify, NSDL or Capricorn — Aadhaar e-KYC route used wherever possible for same-day issue.

Residency & NRI Eligibility Confirmed

Residency of 120 days under Rule 3(1) confirmed against passport stamps for Nolambur Phase 1 clients. NRIs (Indian citizens resident outside India) eligibility under the Companies (Amendment) Act 2021 confirmed from 01-April-2021 onwards.

Mandatory Conversion Trap Avoided

Many consultants still advise clients about the ₹50 lakh / ₹2 crore mandatory conversion thresholds — these are NO LONGER applicable post 01-April-2021. Nolambur Phase 1 OPC clients are correctly advised on voluntary-only conversion under Section 18.

Key Benefits

What Nolambur Phase 1 Clients Get

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

Limited Liability Under Section 2(62)
The sole member's exposure is limited to unpaid subscription on shares under Section 2(62). Personal assets of the Nolambur Phase 1 member-director are ring-fenced from business creditors — the foundational advantage of OPC over sole proprietorship.
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. Nolambur Phase 1 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.
Comparison

OPC vs Proprietorship

Why this matters here — Across Nolambur Phase 1, the cluster of residential, retail, coaching businesses that defines Nolambur Phase 1's commercial fabric. Practitioners note that served by short connections to Nolambur and Nolambur Phase 2 and onward to central Chennai.

AspectOPCProprietorship
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
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
Documents Required

Documents for OPC Incorporation

Share documents via WhatsApp to 9566-068-468. No office visit required for Nolambur Phase 1 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
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Statutory Deadlines

Compliance deadlines that matter

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

Deadlines in this neighbourhood — Across Nolambur Phase 1, the business activity radiating outward from Nolambur Phase 1 Park 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).
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.
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.
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).
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.

Deadline pressure points we see in Nolambur Phase 1: Closer to Nolambur Phase 1, for the professional and salaried population of Nolambur Phase 1 navigating personal-tax and home-office GST.

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 Nolambur Phase 1, Chennai 600095

Nolambur Phase 1 is a planned residential phase with mid-tier housing supported retail and coaching centres. For OPC Incorporation at PIN 600095, understanding the Ambattur Division's documentation norms removes most of the friction from the process. Because PIN 600095 sits inside the Chennai West jurisdiction, the handling office for Nolambur Phase 1 stays consistent across years, which matters when filings or approvals span cycles. Every Nolambur Phase 1 engagement we open begins with the basics: PIN 600095, the Ambattur Division, and the coordinates 13.0828, 80.1639 that anchor the locality.

The businesses clustered around Nolambur Phase 1 Park in Nolambur Phase 1 drive the bulk of the OPC Incorporation workload we see each cycle. Vendors and customers tied to the Nolambur Phase 1 Bus Stop network show up across the invoice trail we reconcile for Nolambur Phase 1 OPC Incorporation clients. Working in Nolambur Phase 1 brings a logistical edge: proximity to Nolambur Phase 1 Park and the Nolambur Phase 1 Bus Stop corridor keeps physical document handling fast. Commercial activity in Nolambur Phase 1 runs medium, so OPC volumes scale through peak months and we staff the Nolambur Phase 1 desk accordingly.

Sector concentration matters: when Nolambur Phase 1 leans toward residential, the OPC risks cluster around the same few line items each cycle. The business mix in Nolambur Phase 1 centres on residential, and that sector carries its own OPC Incorporation quirks we plan for in advance. residential units around Nolambur Phase 1 share recurring OPC patterns — input-credit timing, vendor reconciliation, and sector-specific documentation. We have closed enough OPC Incorporation files for residential firms near Nolambur Phase 1 to know where the department usually probes.

The Nolambur Phase 1 OPC Incorporation workflow is documented end-to-end: WhatsApp document intake, a working file, qualified review, and a filed acknowledgement back to you. We keep a repeatable OPC checklist for Nolambur Phase 1 so nothing in the cycle is improvised or missed. A Nolambur Phase 1 client sees the same OPC cadence each cycle: intake, reconciliation, review, filing, acknowledgement. The qualified-review step on every Nolambur Phase 1 OPC file is where errors get caught before they reach the portal.

OPC Incorporation clients in Mogappair are handled by the same practitioners who run our Nolambur Phase 1 desk. From the same Nolambur Phase 1 team we also serve Mogappair and other nearby localities without re-onboarding clients. Group companies spread across Nolambur Phase 1 and Mogappair consolidate their OPC under one engagement with us. A client relocating between Nolambur Phase 1 and Mogappair keeps the same OPC file and the same team.

Common patterns in the Ambattur Division give Nolambur Phase 1 businesses an early-warning map we use to pre-empt OPC issues. Each engagement in Nolambur Phase 1 adds to a record of what the Chennai West jurisdiction expects, sharpening the next OPC file. Patterns we track for Nolambur Phase 1 include small trade documentation gaps, timing mismatches, and the questions the Ambattur Division tends to raise. The longer we serve Nolambur Phase 1, the more precisely we predict where a OPC file needs attention.

When a Nolambur Phase 2 business expands into Nolambur Phase 1, we extend its OPC setup to PIN 600095 without disruption. First-time OPC Incorporation for a Nolambur Phase 1 business is where getting the basics right saves years of cleanup later. Shifting principal place of business to Nolambur Phase 1 means updating jurisdiction to the Chennai West, and we manage the paperwork end-to-end. We onboard new Nolambur Phase 1 entities onto a OPC Incorporation cadence that is audit-ready from the very first cycle.

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Penalty Instances
Expert Guide

OPC Incorporation in Nolambur Phase 1 — Complete Guide

Most Nolambur Phase 1 OPCs run into late-fee exposure in the first compliance year through three causes — missed first board meeting under Section 173(5), late AOC-4 (180-day window from FY-end) and late MGT-7A (60 days from deemed AGM date). FilingPro's Professional and Premium plans set up the statutory register pack, half-yearly board calendar and the deemed-AGM resolution flow under Section 122 from day one.

OPC Incorporation in Nolambur Phase 1, Chennai

One Person Company registration for Nolambur Phase 1 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 Nolambur Phase 1 — SPICe+ Specialist

A dedicated OPC consultant in Nolambur Phase 1 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 Nolambur Phase 1 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 Nolambur Phase 1 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.

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Qualified professionals handle your OPC in Nolambur Phase 1. WhatsApp documents — we begin within 24 hours. From ₹6,500/one-time. Free consultation.
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Key Facts — OPC Incorporation in Nolambur Phase 1
SPICe+ Part B (INC-32) drafted for Nolambur Phase 1 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 Nolambur Phase 1 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 Nolambur Phase 1 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 Nolambur Phase 1
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.
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 is a One Person Company (OPC) under the Companies Act 2013?

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...

Who is eligible to incorporate an OPC in India?

Under Rule 3 of the Companies (Incorporation) Rules 2014, only a natural person who is an Indian citizen — whether resident in India or otherwise — may incorporate an OPC and be its nominee. Bodies corporate, minors, foreign citizens (other than resident NRIs post-amendment), persons of unsound mind, and undischarged insolvents cannot become a member...

What is the residency requirement for an OPC member?

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...

Are the paid-up capital and turnover thresholds for mandatory OPC conversion still applicable?

No. The earlier mandatory conversion thresholds — paid-up capital exceeding ₹50 lakh OR average annual turnover exceeding ₹2 crore over three preceding financial years — were omitted by the Companies (Incorporation) Second Amendment Rules 2021 with effect from 01-April-2021. Under the amended Rule 6, an OPC may now grow without compulsory conversion. Conversion to private...

What is Form INC-3 and why is it mandatory at incorporation?

Form INC-3 is the nominee consent form prescribed under Rule 4 of the Companies (Incorporation) Rules 2014. The sole member must nominate a natural person who, in the event of the member's death or incapacity to contract, becomes the member of the OPC. Without a duly executed and filed INC-3 the SPICe+ Part B (Form...

What Nolambur Phase 1 clients want to know before signing: Closer to Nolambur Phase 1, in the residential phase with mid-tier housing micro-market of Nolambur Phase 1.

Expert Guide

A complete walkthrough — Opc Registration

Reading this guide locally — Across Nolambur Phase 1, around the Nolambur Phase 1 Park catchment of Nolambur Phase 1.

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 Nolambur Phase 1 clients usually ask next: Closer to Nolambur Phase 1, for the professional and salaried population of Nolambur Phase 1 navigating personal-tax and home-office GST.

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 Nolambur Phase 1 businesses typically avoid these: Closer to Nolambur Phase 1, the cluster of residential, retail, coaching businesses that defines Nolambur Phase 1's commercial fabric, which is why for the professional and salaried population of Nolambur Phase 1 navigating personal-tax and home-office GST.

By Industry

Industry-specific patterns in Nolambur Phase 1

How the local trade mix shapes this — Across Nolambur Phase 1, the cluster of residential, retail, coaching businesses that defines Nolambur Phase 1's commercial fabric.

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.
Media and Content
Common issue: Solo content creators, designers, video producers and studio founders in Chennai increasingly incorporate an OPC to invoice brands, agencies and platforms that will not pay individuals or that deduct TDS awkwardly against a personal PAN. A frequent issue is a too-narrow eMOA object, such as graphic design services, that later obstructs allied revenue like licensing, merchandising, ad-revenue sharing or training. Creators earning platform payouts and foreign ad revenue often mishandle GST on export of services and neglect FIRC documentation for inward remittances. Because the work is solo and irregular, annual filings slip: AOC-4 and MGT-7A go unfiled and accumulate Rs.100-per-day fees, and DIR-3 KYC lapses, deactivating the director's DIN and freezing all e-filings.
How we handle it: Draft the eMOA object to cover design, content production, digital media, licensing and training so the OPC can diversify revenue without a Section 13 amendment, and list the relevant NIC codes in SPICe+ Part B. Register GST through AGILE-PRO-S and, where services are exported to overseas platforms, file a Letter of Undertaking to bill without IGST and retain FIRCs for each remittance. File INC-20A within 180 days and appoint the first auditor within 30 days. Automate a compliance calendar for the 180-day AOC-4, 60-day MGT-7A and 30-September DIR-3 KYC deadlines. Keep a simple monthly bookkeeping routine so irregular, lumpy creator income is captured accurately for the annual accounts and GST returns.
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.
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.
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.
ConversionIT Services

Established OPC advised it no longer faces mandatory conversion, then converts voluntarily to raise equity

Issue: A profitable single-founder software OPC in {{area_name}} had crossed the old two-crore paid-up and twenty-crore turnover marks and believed it was legally compelled to convert into a private limited company. Separately, the founder had received a term sheet from an angel investor who required equity, which is impossible in an OPC because it can have only one member.
Approach: We clarified that the Companies (Incorporation) Second Amendment Rules 2021 had abolished the mandatory conversion thresholds, so there was no forced conversion. To admit the investor, however, we recommended a voluntary conversion into a private limited company under Rule 6 by increasing members and directors and filing Form INC-6, along with altered MOA and AOA and the necessary resolutions on the founder's own timeline.
Outcome: The founder avoided an unnecessary panic-driven conversion and instead converted deliberately to onboard the investor. The company completed the conversion and the funding round closed, with the founder retaining majority control and the OPC's compliance history carried forward into the private limited company.

Why these Nolambur Phase 1 engagements look the way they do: Closer to Nolambur Phase 1, the cluster of residential, retail, coaching businesses that defines Nolambur Phase 1's commercial fabric, which is why for the professional and salaried population of Nolambur Phase 1 navigating personal-tax and home-office GST.

Client Reviews

What Nolambur Phase 1 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 — Nolambur Phase 1

Common questions from Nolambur Phase 1 clients. Call 9566-068-468 for specific queries.

No. The earlier mandatory conversion thresholds — paid-up capital exceeding ₹50 lakh OR average annual turnover exceeding ₹2 crore over three preceding financial years — were omitted by the Companies (Incorporation) Second Amendment Rules 2021 with effect from 01-April-2021. Under the amended Rule 6, an OPC may now grow without compulsory conversion. Conversion to private or public limited remains available voluntarily under Section 18 read with the amended Rule 6 in Form INC-6.
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.
Our Maduravoyal office on Alapakkam Main Road (opposite KVB Bank) is well connected — from Nolambur Phase 1, the Nolambur Phase 1 Bus Stop is a handy reference point on the way. That said, OPC rarely needs a visit; most of it is done online.
On the death or incapacity to contract of the sole member, the nominee named in INC-3 automatically becomes the new member with all rights, liabilities and shareholding of the deceased member, by operation of Section 3(1) read with Rule 4. The new member must, within 15 days of becoming a member, intimate the Registrar in Form INC-4 along with INC-3 of the new nominee chosen by him — failing which there is no member-nominee combination, attracting Section 248 strike-off risk.
Yes. Under Rule 4(4) of the Companies (Incorporation) Rules 2014, the member may change the nominee at any time by giving notice to the company in Form INC-3 and filing Form INC-4 with the Registrar within 30 days of such change. The new nominee's written consent is mandatory. Where the nominee withdraws consent under Rule 4(3), the member must nominate another person within 15 days of the notice of withdrawal and the company must intimate the Registrar in INC-4 within 30 days.
We keep payment simple for Nolambur Phase 1 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.
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.
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 with Rule 11(1) of the Companies (Management and Administration) Rules 2014 within 60 days of the deemed AGM date.
No. The OPC fee we quote upfront is the fee you pay — any government fees or third-party charges are shown separately and explained in advance. Nolambur Phase 1 clients get full transparency before committing.
A sole proprietorship is not a separate legal person — the proprietor and business are one, with unlimited personal liability for business debts and no perpetual succession. An OPC under Section 2(62) is a body corporate with separate legal personality, limited liability of the member to unpaid share capital, perpetual succession via the INC-3 nominee mechanism, and access to corporate tax regimes (115BAA/115BAB) — at the cost of statutory audit, ROC filings and higher compliance.
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 the entry is deemed to be the date of the meeting for all statutory purposes — including filing of AOC-4 and MGT-7A.
Yes. We handle OPC Incorporation for salaried individuals, proprietors, partnerships, LLPs and private limited companies across Nolambur Phase 1. Whatever your structure, we scope the OPC work to fit it — call 9566-068-468 to discuss yours.
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.
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.
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 small-company or threshold exemption from statutory audit for an OPC.
Yes. The Companies Act 2013 permits the sole member to also be the sole director, achieving owner-manager unity with limited liability. In that case the deemed-resolution mechanism under Section 122(4) and the Section 173(5) proviso apply — board resolutions are entered and signed in the minutes book by the single director, and member resolutions are likewise communicated and recorded by the single member.

From 1st Avenue, 2nd Main Road, JPC Main road, Nolambur Main road and Ramalingam saalai through to 1st Avenue, bus stand street, 200 Feet Bypass Road, 4 th main road and Chennai Bypass Expressway, our team covers OPC for businesses right across Nolambur Phase 1 and its main commercial roads.

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