OPC Registration in Bangalore

OPC registration in Bangalore can be registered through Solubilis. OPC is a corporate structure that supports a proprietor to commence a company with only 1 member by playing a role of director as well as the shareholder of the Company. Opc companies boost the Indian economy and it is widely spreading all over the world. Entrepreneurs shows interest to start their own OPC Company and gets their own legal status among the public. Solubilis corporate service provides eminent service and most prominently a trust worthy consultants in Bangalore.

OPC registration is limited by share, commenced and run by a single person. OPC is not allowed to carry out any non-banking financial activities like investments in securities of other companies and cannot be formed as an (NPO) Non-profit organisation. In OPC, Indian citizen will be the nominee.

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card.
  • Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill (Latest)
  • Passport Size Photo.

Register Office documents:

  • If the Office is rental, rental agreement is inevitable
  • Electricity bill (Not more than two months old required to be submitted)
  • A Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.

Benefits of OPC Registration

  • Legal identity

    OPC registration in Bangalore has its own legal identity which is separate from its member.

  • Easy Conversion

    Paper work is less, it’s easy to convert an OPC to other types of business structures

  • Minimum Capital not required

    The firm can be started within the capacity of the sole promoter.

  • Easy to Get Loans

    Banking and financial institutions prefer to lend money to this type of firm rather than proprietary firms.

  • Social Recognition

    Popular business structure of one Person Company. So it gives sense of confidence in business for a customers.

  • Tax Rate

    In OPC registration, the tax rate is 30% like the private limited company on all profits.

  • Easy Return Filing

    In OPC, the annual returns can be filed easily along with the signature of the director. The firm secretary’s signature is not required.

FAQ'S


To operate a small business, without the limitation of sole proprietorship can pick the option of One Person Company. It comes with limited liability and separate legal existence. Only one person is enough to run this business.

Natural Person and resident Indian citizen is the basic eligibility to start an OPC. Nominee should be a citizen of India and resident of India. There is no minimum capital requirement.

Share capital should not be exceeding 50 lakhs and turnover will not be more than 2 crores. In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.

Voluntary conversion of OPC into Private limited / public limited company is not permitted till completion of two years from the date of incorporation of the OPC. Voluntary conversion need to be filed within 30 days

As per Companies Act - One Individual is legally allowed to operate an OPC. A single person who is operating more than one OPC is not permissible.

Member of a One Person Company can change the nominee at any time by informing the One Person Company in writing. The Sole member needs to obtain the prior consent of the new nominee in Form INC 3. The One Person Company shall on the receipt of such intimation, file with the registrar and a notice of such change within 30 days of receipt of intimation of the change in Form INC 4 along with fee.

A nominee may withdraw his consent anytime by giving a written notice to the OPC and Sole Member/Subscriber.

A minimum of one is required while starting a One Person Company, but you can have up to 15 Directors for your OPC

A Minor, Foreign citizen, Indian Non-resident, a person incapacitate to contract are restricted from Forming a One Person Company.

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