A One-person company are newly introduced under company act, 2013 In this type of organization an entity can only be incorporated with the single person. It has the same responsibilities and protection of a private limited company. Once a company crosses a certain threshold of turnover, An OPC has to be converted into PVT LTD company. The director of the company must hold a director identification number and OPC registration digital signature.
Advantages of one-person company in India:
Relaxed compliance framework
Minimal Restrictions for OPC registration
Flexible tax regime
Easy finance options
Documents Required for OPC registration in Bangalore:
- There must be at least one nominee.
- PAN card of the director and nominee.
- Residence proof of director and nominee.
- The person who had property must produce NOC.
- Two passport size photos of director and nominee.
Search for the best options before going for OPC registration: OPC Registration Consultants in Bangalore
The important factors which influence the legal aspect of the business are nature of your business. Every owner of the business must take pain in learning the + and – before forming 1 person company.
- Getting a DSC (Digital Signature Certificate 2 Days
- Getting a DIN (Director Identification Number) 1 Day
- Name Approval 2 to 3 Days
- Getting Certificate of Incorporation 3 to 5 Days
Incorporation Compliance Requirements of an OPC Private Limited Company
1)Maintenance of Books of Accounts / Accounting Mandatory
2)Opening of Bank Account for the Company Mandatory
3)Applying for PAN and TAN for the Company Mandatory
4)Appointment of Statutory Auditor (within 30 Days of Incorporation) Mandatory
5)Issue of Share Certificate (within 60 Days) Mandatory
6)Payment of Stamp Duty on Share Certificate Mandatory
7)Registration under the Shops and Establishment Act As Applicable
8)Professional Tax (PT) Registration (Within 30 Days) Mandatory
9)GST Registration As Applicable
10)Trademark, Copyright, Patent Registrations Optional
11)PF and ESI Registration
13)Annual Filing Forms (ROC filing, etc) Mandatory
14)Annual General Meeting / AGM Mandatory15
15)Auditing of Accounts by Chartered Accountants (CA) Mandatory
If you don’t have much knowledge about OPC registration, don’t worry we got you covered, we are going to help you in building your successful business. For more information please contact us on
One person company or OPC Company registration in Bangalore cost will depend on many factors like based on company nature and based company type which you have selected. Costing information can be decided by consulting experts. Consultry is the best team that can help you to get register your organization at an affordable cost. If you are looking to get register your organization feels free to send your inquiry to email@example.com or feel free to contact: 7975187793 or visit https://www.consultry.in/.