One Person Company Registration in Kerala
Get Started with One Person Company (OPC) Registration in Kerala
One Person Company Registration in Kerala
The One-Person Company (OPC) framework, established by the Companies Act, 2013 in India, offers an easy way for individuals to start and operate businesses as separate legal entities. This setup ensures that solo entrepreneurs’ personal assets are protected, allowing them to focus on expanding their business without the burden of personal financial risks.
Starting a One Person Company (OPC) in Kerala is both easy and efficient. With only one director required, you can enjoy the benefits of limited liability. The registration is governed by the Ministry of Corporate Affairs (MCA) and follows the guidelines of the Companies Act, 2013. To keep your OPC active, you must file income tax returns, annual returns, and financial statements promptly. Overall, OPC registration in Kerala is ideal for those looking to start a small business with minimal risk and simplified regulations.
One Person Company Registration in Kerala - Package
- OPC Name Reservation
- DSC for Director & Nominee
- DIN for One Director
- MoA & AoA
- Company PAN and TAN
- Certificate of Incorporation (CoI)
- PF & ESIC Registration
- Company Bank Account
- INC 20A Form & ADT-1 Filing
- INC. Gov. Fees & Stamp Duty
Required Documentation for OPC Registration in Kerala
To easily set up an OPC (One Person Company) online in India, you’ll need these documents:
- PAN Card, Aadhaar Card or Passport of the Director and Nominee
- Latest Bank Statement or Passbook of the Director and Nominee (Not older than two months)
- Passport size Photo of the Director and Nominee
- Mobile Number & Email Id of the Director and Nominee
- Office Address – Latest Utility bills like Telephone/Gas/Electricity bill (Not older than two months)
Advantages of OPC Registration in Kerala
The numerous benefits of OPC registration can significantly boost the founder’s success and growth. Some of these benefits include:
Independent Legal Status
An OPC has its own legal status, enabling it to enter into agreements, own assets, and initiate legal proceedings on its own.
Financial Advantages
OPCs can leverage financial benefits like reduced tax rates, various tax exemptions, and additional deductions.
Ease of Formation
In Kerala, forming an OPC is simple with just one director required, making the registration process efficient and hassle-free.
Improved Reputation
In Kerala, OPCs are often viewed as more reputable than partnerships or sole proprietorships, helping to attract investors, clients, and suppliers.
Checklist for Setting Up an OPC in Kerala
- Minimum and Maximum of one member
- Appoint a nominee before incorporation
- Nominee consent in Form INC-3
- OPC name selected as per the provisions of the Companies (Incorporation Rules) 2014
- Minimum authorised capital of ₹1 lakh
- DSC of the proposed director
- Proof of registered office of the OPC.
Steps for One-Person Company Registration in Kerala
Legal Kamkaj has simplified the whole OPC process for easy registration in 5 easy steps
Step 1: Get in Touch With Consultant
Contact an OPC registration expert at Legal Kamkaj. We will assist you with the entire OPC registration process, including eligibility requirements and compliance matters.
Step 2: OPC Name Reservation
To avoid duplication, our expert will help you select a unique name for your One Person Company and reserve it with the MCA.
Step 3: Preparation of Documents
Our specialist will assist you in preparing all necessary documents, including the Memorandum of Association (MOA), Articles of Association (AOA), and other required forms and disclosures.
Step 4: Filing of Forms
Once the documents are prepared, our expert will assist you in submitting them to the MCA through the online portal, ensuring that all information is accurate and complete.
Step 5: Certificate from MCA
After the application is verified, the MCA will issue a Certificate of Incorporation, officially registering your OPC. Our expert will also help you obtain the PAN and TAN numbers for your company.
Benefits of Choosing Legal Kamkaj for Opening a One-Person Company in Kerala ?
The process of OPC registration in Kerala is easy and enables individuals to start and manage their own company. To register, you must be an Indian resident, have a valid PAN card, and supply a registered office address in India. The registration typically takes approximately 10-15 days. Furthermore, the company must follow annual compliance requirements, such as submitting annual returns and keeping accurate accounting records. Legal Kamkaj offers effective and trustworthy solutions tailored to your requirements, allowing you to focus on business growth while we take care of the legal details.
Questions and Answers on OPC Registration in Kerala
The minimum authorized capital needed for OPC registration in Kerala is ₹1 lakh.
In Kerala, an eligible nominee for an OPC must be a resident Indian citizen who adheres to the criteria outlined in the Companies Act, 2013.
The expense for OPC registration can vary, typically encompassing government fees, professional service charges, and costs for digital signatures. Generally, you can expect a total cost of approximately ₹12,000 for a complete package, covering most of the expenses.
To comply with regulations in Kerala, an OPC must track its financial activities and provide an annual report to the Registrar of Companies (ROC). If the turnover surpasses ₹40 lakhs, the company must also arrange for an audit of its accounts.