One person company registration in bangalore is a company that has just a single person with regards to its part. OPC or One Person Company is separately new idea of business element in India, it accompanies every one of the benefits of a private limited company and requires just a single unique person for its formation, and same time OPC gives the assurance of limited liability that ownership or Partnership need. Like any Private limited company, OPC Company Registration in India is additionally done according to Companies Act 2013 and Companies (joining rule) 2014.
Prerequisites for OPC Company Registration Online India
For Online OPC Registration in Bangalore, one needs to satisfy some fundamental qualification necessities.
• An OPC in India can be formed with one normal person who are Indian residents and inhabitants in India.
• A person is view as an inhabitant of India on the off chance that he/she goes through 186 days in India yearly.
• Sole individual from the company needs to specify a candidate while enlisting the One Person Company.
• A particularly regular person can’t be a part or candidate of more than one OPC anytime.
• Candidate will turn into the company’s sole part in the event that the first part bites the dust or becomes unequipped for going into authoritative relations.
• PAN Card, ID Evidence, Address Verification, Visa Size Photos, Email Id and contact No of part and directors are obligatory necessity for OPC company formation in India.
• One service bill of enlist office address of the company, and in the event of leased premises, NOC with lease agreement is likewise require.
Benefits of Private Limited Company Registration in India
• In case you are a singular entrepreneur hoping to raise the asset from banks, Monetary Organizations, and so forth, for your business, forming a one person company will benefit.
• The Individual from the OPC Company will appreciate limited liability insurance. The liability of the part will be limit to the venture make by him if there should arise an occurrence of any unanticipated liabilities made.
• The business will be perceive as a different lawful substance along these lines, your company can have separate PAN, ledgers, and liabilities in its name.
Steps of One Person Company Registration in Bangalore
Get a digital signature certificate
The initial step for forming an OPC company is to get a digital signature first, which is require for some things later in the formation of a One Person company. The digital signature is provide by the concern expert on applying for it and is substantial for a very long time. To acquire a digital signature certificate, you need an identification size photo, self-confirmed location confirmation, and PAN of the candidate.
Direct identification number
The second step of forming a One Person Company registration in bangalore is to acquire an immediate identification number. It is a number given by the service of corporate issues for the singular candidate. The number serves lifetime legitimacy except if removed. Each director of the company will have cozy Racket thus, applying for one is a command.
Holding name
Prior to making an application to form a Person Company, the name of the proposed company can be held. You can hold the proposed name by filling Pursue Form paying the assigned charge. You can rattle off a limit of 2 names in the favored request. Expert will direct a quest for accessibility of name prior to making an application.
Be that as it may, the endorsement of the company’s name remains at the tact of the recorder. After endorsement, the name will be kept saved for 20 days so; you should make an application for joining of the company inside the specified time.
Certificate of registration
The last step is to get a certificate of fuse by presenting the required application. You can apply online for One Person Company registration in Bangalore through worked on format for fusing company which is otherwise called Zest forms.
You ought to likewise record MOA and AOA alongside the SPIC forms for applying for registration of the private limited company in India.
Then again name reservation and company formation should be possible by a solitary form named SPICEe, Which is a composite form for different administrations for example Commotion, Company Name, PAN, TAN, and Company formation.
Benefits of OPC Registration in Bangalore
The accompanying recorded are the benefits or the benefits attached with the idea of registration of One Person Company:
No Base Capital Prerequisite
For getting One Person Company Registration in Bangalore, there is no base sum endorse for the capital require. Be that as it may, the most extreme approved capital in the event of a One Person Company will not in any case surpass the edge furthest reaches of Rs. 50 lakhs anytime.
Limited Liability
One more critical advantage added with the idea of registration of One Person Company is of limited liability. This implies that the liability of the concerned director is limited to the degree of capital contribute by the person in question in the business. Henceforth, the personal resource and effects of the Director won’t be connected in the event of any misfortune brought about by the business.
Less Compliances
The compliances that are to be clung to for an OPC registration in Bangalore are extremely less in contrast with some other company. Thus, the registration of an OPC should be possible effectively that, as well, with least desk work.
Ceaseless Progression
The term ceaseless progression implies that the demise or disease or the insufficiency of the director won’t influence the continuous undertakings of the company as the chosen one will stand firm on the footing of part and director in the business all things considered.
More prominent Noteworthiness
A One Person Company is commit to get its books of record inspect yearly. This will, consequently, increment the business believability and customer, seller fulfilment.
No Lawful Debates
It is important to take note of that at whatever point a company registers itself as a One Person Company, it closes the odds of any future lawful debates between the director and any outsider.
Advantages for Small Scale Enterprises
An OPC can profit every one of the benefits that are present to the small-scale enterprises. These benefits incorporate simple financing that, as well, without saving guarantee security to certain endorsed limits, lower financing costs advances, advantages under the unfamiliar exchange strategy, and so on accordingly, these benefits assume a huge part in the advancement and improvement of the One Person Company in its underlying long stretches of joining.