How to Register an OPC in Coimbatore: A Step-by-Step Guide
A One-Person Company (OPC) is an ideal business structure for solo entrepreneurs who want to enjoy the benefits of a private limited company with limited liability. Coimbatore, an industrial hub, offers excellent opportunities for entrepreneurs to establish an OPC. This guide provides a step-by-step process for OPC registration in Coimbatore.
Step 1: Check Eligibility Criteria
Before proceeding with OPC registration, ensure that you meet the eligibility criteria:
Only a natural person who is an Indian citizen and resident in India can register an OPC.
The individual must not be a member of more than one OPC.
A nominee must be appointed to take over in case of the owner's incapacity or demise.
Step 2: Obtain a Digital Signature Certificate (DSC)
A Digital Signature Certificate (DSC) is mandatory for filing online forms with the Ministry of Corporate Affairs (MCA). Steps to obtain DSC:
Approach a certifying authority like eMudhra, Sify, or NSDL.
Submit identity proof, address proof, and passport-size photograph.
Complete biometric verification (if required) and obtain the DSC.
Step 3: Apply for Director Identification Number (DIN)
The Director Identification Number (DIN) is a unique ID assigned to the director of the company. It is applied through the SPICe+ (Simplified Proforma for Incorporating a Company Electronically) form while registering the OPC.
Step 4: Choose a Unique Company Name and Apply for Name Approval
Selecting a unique name is crucial to avoid rejection. The name should be in the format:
[Proposed Name] OPC Private Limited
Check the availability of the name on the MCA portal.
Apply for name approval through SPICe+ Part A.
The Registrar of Companies (ROC) will approve or reject the name within a few days.
Step 5: Draft the Memorandum of Association (MoA) and Articles of Association (AoA)
The Memorandum of Association (MoA) defines the company's objectives, while the Articles of Association (AoA) outline the rules and regulations.
Ensure that MoA and AoA comply with the Companies Act, 2013.
These documents must be signed electronically using DSC.
Step 6: File the SPICe+ Form for OPC Registration
The SPICe+ (INC-32) form is used to apply for OPC registration. It includes:
Name reservation (if not done earlier in Step 4)
Company incorporation details
Director appointment details
Application for PAN and TAN
The form must be submitted along with the following:
DSC of the director and nominee
MoA and AoA
Proof of registered office (Rental agreement/NOC from owner)
ID and address proof of the director and nominee
Step 7: Payment of Registration Fees and Stamp Duty
When applying, registration fees and stamp duty must be paid based on the authorised capital. The payment is made online via the MCA portal.
Step 8: Company Incorporation Certificate Issued by ROC
Once the documents are verified and approved, the ROC issues the Certificate of Incorporation (COI), which includes the company's CIN (Corporate Identification Number).
Step 9: Apply for PAN, TAN, and GST Registration
SPICe+ automatically applies PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number).
GST Registration is recommended if the turnover exceeds Rs. 40 lakh (for goods) or Rs. 20 lakh (for services).
Step 10: Open a Business Bank Account
To commence operations, open a current account in a bank by submitting:
Certificate of Incorporation
PAN of the company
MoA & AoA
KYC documents of the director
Conclusion
Registering an OPC in Coimbatore is a streamlined process, thanks to online filings and digital approvals. By following these steps, entrepreneurs can successfully establish their OPC and enjoy the benefits of limited liability, tax advantages, and a structured business framework. If you need professional assistance, consulting with a company registration expert can simplify the process further.