What is a One Person Company (OPC)?
A One Person Company (OPC) is a unique form of business entity introduced under the Companies Act, 2013 in India. As the name suggests, it's a company formed by a single person who acts as both the director and shareholder. This structure allows individuals to enjoy the benefits of a corporate framework without needing a business partner.
Why Choose Chennai for OPC Registration?
Chennai, often referred to as the "Detroit of India," is one of the country's top startup hubs. With a booming economy, vast infrastructure, and a proactive government, it's an ideal place to start your OPC. Additionally, with a robust IT and manufacturing ecosystem, networking and business expansion opportunities are substantial here.
Understanding OPC in India
Definition under the Companies Act, 2013
According to Section 2(62) of the Companies Act, an OPC is a company with only one person as a member. It provides the benefits of a private limited company, such as legal status and limited liability, without needing a partner.
Difference Between OPC and Sole Proprietorship
| Factor | OPC | Sole Proprietorship |
| Legal Identity | Separate legal entity | Not separate from the owner |
| Liability | Limited | Unlimited |
| Registration | Mandatory with MCA | Not mandatory |
| Continuity | Perpetual | Ends with the proprietor's death |
Step-by-Step Process for OPC Registration in Chennai
Step 1: Acquire Digital Signature Certificate (DSC)
The DSC is essential for signing electronic documents. You can get this from a government-approved Certifying Authority.
Step 2: Apply for Director Identification Number (DIN)
DIN is required to become a director of the company. This can be applied within the SPICe+ form.
Step 3: Name Approval through RUN Form
Propose a unique company name via the MCA's RUN (Reserve Unique Name) facility.
Step 4: File SPICe+ Form for Incorporation
This integrated form includes:
- Company incorporation
- PAN and TAN allotment
- EPFO and ESIC registration
Step 5: Issue of Certificate of Incorporation
Once approved, the ROC issues a Certificate of Incorporation, and you can start operations legally.
Documents Required for OPC Registration
Personal Documents
- PAN Card
- Aadhaar Card
- copyright-size Photograph
- Email ID and Mobile Number
Registered Office Address Proof
- Electricity bill/Property tax receipt/Lease agreement
- NOC from the owner
Time Required for Registration
Typically, the registration process takes 7 to 12 working days, provided all documents are ready and there are no delays from the MCA.
Government fees
- DSC: ₹1,000 to ₹1,500
- Name Reservation: ₹1,000
- SPICe+ Filing: ₹500 – ₹2,000 (depending on authorized capital)
- PAN/TAN: Included
- Professional Fees (if applicable): ₹4,000 – ₹10,000
Top Reasons to Start an OPC in Chennai
- Growing Startup Scene: Chennai ranks among India’s top 5 startup ecosystems.
- Affordable Cost of Living: Compared to Mumbai or Bangalore.
- Strong Infrastructure: Metro, highways, ports, and digital connectivity.
- Government Schemes: Subsidies, grants, and tax benefits for MSMEs.
Conclusion
Registering a Person Company in Chennai is a smart move for solo entrepreneurs who want the perks of a private limited structure with minimal complexity. With proper planning, professional help, and compliance, you can launch and scale your business successfully in one of India’s most vibrant cities.