One Person Company Registration in Bengaluru
Looking into One Person Company Registration in Bengaluru? The process of One Person Company Registration in Bengaluru is straightforward and allows you to start and run a business with limited liability. To complete One Person Company Registration in Bengaluru, you will need to submit essential documents, including proof of identity, address, and a registered office location in Bengaluru. The One Person Company Registration in Bengaluru process involves filling out and submitting forms to the Registrar of Companies (ROC) and paying the required fees. Opting for One Person Company Registration in Bengaluru ensures your business has a distinct legal identity, protecting your personal assets and making business management more efficient. This registration provides a solid base for handling contracts, finances, and other operational tasks effectively.
Get Started with One Person Company (OPC) Registration in Bengaluru
One Person Company Registration in Bengaluru
The One-Person Company (OPC) structure, introduced in India under the Companies Act, 2013, provides a simple way for individuals to start their own businesses as separate legal entities. This setup gives solo entrepreneurs protection for their personal assets, so they can concentrate on running and growing their business without worrying about personal financial risk.
Setting up a One Person Company (OPC) in Bengaluru is both easy and effective. With only one director required, you can initiate your business and benefit from limited liability protections. The process is overseen by the Ministry of Corporate Affairs (MCA) following the Companies Act, 2013. To maintain your OPC, timely filing of income tax returns, annual returns, and financial statements is necessary. Overall, OPC registration in Bengaluru is a superb choice for anyone looking to establish a small business with minimal risk and straightforward regulations.
One Person Company Registration in Bengaluru - 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 One Person Company Registration in Bengaluru
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)
Key Advantages of OPC Registration in Bengaluru
OPC benefits are numerous and can significantly support the founder’s growth and success. Some of these advantages include:
Separate Legal Entity
An OPC is considered a separate legal entity, which means it can enter into contracts, own property, and take legal action independently.
Tax advantages
OPCs can benefit from various financial advantages, such as lower tax rates, tax exemptions, and deductions.
Easy to Start
In Bengaluru, you can set up an OPC with only one director, making the online registration process straightforward and efficient.
Greater Credibility
In Bengaluru, an OPC is often seen as more reputable than a partnership or sole proprietorship, which can help attract investors, clients, and suppliers.
Registration Checklist for One Person Company in Bengaluru
- 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.
Process Overview for OPC Registration in Bengaluru
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.
Why Legal Kamkaj is the Best Choice for OPC Registration in Bengaluru ?
The process of OPC registration in Bengaluru is simple, allowing one individual to start and manage a business. To complete the registration, you must be an Indian resident, possess a valid PAN card, and have a registered office address in India. The usual time frame for registration is 10-15 days. Additionally, your company must comply with annual requirements, including filing annual returns and keeping accurate financial records. Legal Kamkaj offers streamlined and effective solutions, so you can focus on growing your business while we take care of the legal details.
Frequently Asked Questions on One Person Company Registration in Bengaluru
The required minimum authorized capital for an OPC registration in Bengaluru is ₹1 lakh.
For OPC registration in Bengaluru, the nominee must be an Indian citizen and resident who adheres to the eligibility standards specified by the Companies Act, 2013.
An OPC in Bengaluru must maintain accurate financial records and file an annual return with the Registrar of Companies (ROC). If the company’s turnover exceeds ₹40 lakhs, it is also required to have its accounts audited.