The registration of One Person Company (OPC) in Bangalore, Karnataka is the latest type of business building in India introduced by the Companies Act, 2013 and the abbreviation OPC stands for One Company. This business structure was introduced to give impetus to the business ideas of people with high potential to start their own business as a single member state. These businesses are usually small businesses where the profit will not exceed Rs. 2 crores even in the best conditions.

Registration of OPC Company in Bangalore, Karnataka may be initiated in accordance with the provisions of the Companies Act, 2013. Anyone can start a private company without the complicated procedures of having any partner (partners). This Act has made starting a business easier and more encouraging. Individual Companies are an important factor in the development of the global economy, because OPC provides one person who conducts business eligibility to obtain bank loans and credit points, etc.

When you register for OPC Company in Bangalore, Karnataka, you must ensure that the director or nominee is a citizen of India. You can install OPC Company for One Company in Bangalore, Karnataka with registration from Seedup.in

Important Factors to Consider When Registering (OPC) in Bangalore, Karnataka

• OPC Company in Bangalore, Karnataka may have more than 1 director, but must have only one shareholder.

• OPCs remain unaffected by member death or change / change of ownership.

• It does not take much effort to establish and maintain an OPC Private Company in Bangalore, Karnataka.

• The required paperwork and annual compliance is limited in the case of OPC Company.

• OPC can act as a stockbroker or sub-broker.

• In the case of OPC, there is no long list of compliance to follow.

• One person is allowed to apply only one OPC, according to government directives.

Procedure for the installation or registration of One Person Company (OPC) in Bangalore, Karnataka

Apply and get DSC:

The appropriate director / s should apply for and obtain a Digital Signature Certificate (DSC).

Search and book name OPC:

The next step involves applying for a valid OPC name booking and must be done on the RUN web-based form.

Organization Documents:

Articles that are related models are provided in Tables F, G, H, I and J of Schedule I, as applicable, and may be accepted by the company in full or otherwise.

Terms of Establishment:

If the organisation’s documents contain any of the founding provisions, the company must notify eAoA Form INC 34

Signing of Memorandum and Organization Documents:

The AOA and the company’s MOA must be signed by the same owner who is also the registrar of the memorandum. A person must submit information relating to his or her name, address, description, and occupation, if any, in the presence of at least one witness, who is required to sign and sign and provide his or her details.

Registration Details:

One member / owner is required to complete the registration details with the Registrar at the time of registration.

Appointment by a single owner

1. The registrar of the OPC memorandum must formally appoint a person, if the written consent of that person has been received, who, in the event of the registrant’s death or unable to enter into a contract, shall be the successor to that OPC. .

2. The name of the nominee must be stated in the OPC memorandum and that is set out in Form No INC-2 and the nominee’s approval is obtained from Form No-INC-3.

The online installation process is listed below.

To install OPC online:

An integrated INC-32 submission form has been issued via MCA. This allows OPC to be entered online by completing the Preform Electronic Entry Company Form (SPICe) form INC-32 (using the Digital Signature Certificate of the Director) and (MOA) Form INC-33 and (AOA) Form INC -34.

Terms of Service for the Registration of OPC Company in Bangalore, Karnataka

The following are the eligibility criteria for government registration of your business as OPC:

1. Only a citizen of India and a citizen of India who may be the sole shareholder of OPC. Indian citizen means a person who has lived in India for a period of not less than 182 days in the previous year.

2. Legal entities such as limited private / public companies or LLP are not allowed to join OPC as a shareholder.

3. The facilitator must nominate the nominee at the time of the OPC submission.

4. Nominee can be ‘Nominated’ in only one OPC.

5. The largest paid OPC pay rupees fifty lakhs. The OPC is not allowed to have a child as its member.

6. In the event that the OPC gains more than Rs 2 crores or has a pay out of more than Rs 50 lakhs, it must be converted into a private or public company within 6 months.

7. The OPC may have one shareholder and one nominee

8. The OPC may have more than one Director.

Why would OPC Registration in Bangalore, Karnataka be beneficial for you?

• Legal debts are reduced.

• OPC is a separate legal entity.

• Registration as an OPC registration in chennai ensures increased borrowing capacity.

• It also provides uninterrupted operation of the company.

Benefits of one-time OPC registration in Bangalore, Karnataka

Reduced Debt

This means that the Shareholder’s personal property will remain secure and untouched even if the OPC incurs losses and is in debt.

Ongoing

OPC is a separate legal entity, transferred to a designated shareholder when an existing shareholder emerges from the image. The OPC continues to operate.

Reliability Increased

OPC literature should be reviewed annually, which ensures that it has a picture of high fidelity between merchants and lending institutions.

Easy to Sell OPC

Copywriting procedures in the case of OPCs are naturally simple, making them easy to buy and sell.

Full Control placed in the Ownership of One Owner

The OPC may have up to 15 directors to legally care for them without having OPC shares; a single identity helps in the process of making quick decisions and acting quickly.