One Person Company (OPC) Registration in Bangalore?


In OPC REGISTRATION in Bangalore, the Companies Act in 2013 has introduced the concept of One Person Company (OPC) in Bangalore. This has enabled the entrepreneurs to start a venture if they are capable of doing this. It is important that to note here that the rules do not permit non-banking financial institutions to Register as OPC. It also encourages self-employment within the scope of Government legal system. There can be only one member in an OPC. Only a natural person who is a citizen of India in the upcoming calendar year (who has stayed in India for a minimum of 182 days) can form an OPC. The member of the OPC will not be incorporating more than one OPC.

 

OPC Service provider in Bangalore has many advantages some of them are:

Separate legal entity: The OPC has the status of a separate legal entity from its promoters. Therefore, the businessmen are capable of doing what he/she wants.

Easy funding: It is very simple for OPC to increase funds through venture capital, financial institution, or angel funding. One may even have the option to raise funds by converting into a private limited company.

Limited liability: The liability of the OPC is restricted to the extent of the share held by the individual. Therefore, it also enables the individual can face more exposure in danger in business. More opportunities are given without affecting or suffering a loss of personal assets. 

Benefits of being a small-scale industry: Benefits can be benefitted by achieving a lower rate of interest on loans, easy funding from banks without any security deposit, etc. All these availabilities help to establish a business in its initial years.

Taxation benefits: Unlike ownership, as per the Income Tax Law, any compensation paid to the director of an OPC will be allowed as a deduction.

Increased trust: A company form of business allows an increased trust and prestige than the other forms of business.

Receive interest on late payment: Under the Enterprises Development Act, 2006, an OPC can have benefits because it is a new start-up, micro, small or medium. It is also entitled to receive interest that it has three times the bank rate.

Compliance requirement: The compliance requirements are not in huge number in comparing to the private company.

 

OPC Registration Consultants in Bangalore One the process of Registration as per follows:

Application for Digital Signature Certificate (DSC): To avail of a DSC, the proposed director will be requiring certain documents regarding; address proof, Aadhar card, PAN card, photograph, email-id, and phone number. DSC is the most important as most of the company registration processes are done digitally.

Application for Director Identification Number (DIN): The proposed director will have to complete the SPIC e-Form to obtain DIN. The details of name and address proof of the Director should be submitting here. In case the company already exists, Form DIR 3 has to be completed.

Name Approval Application: The name for company registration can be approved either by making an application in Form SPIC e 32 or by using the RUN web service of the Ministry of Corporate Affairs. One trusted name along with the signature has to be given. The ministry will be deciding authority to permit two proposed names along with one re-submission. If name of the company is once approved by ministry then will affix privately limited at the end, for instance, ABC (OPC) Private Limited. You can conduct your company name search here.


How to Apply for OPC Registration Services in Bangalore?

 

Do you want to get a OPC Registration Services in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/

Comments

Post a Comment

Popular posts from this blog

What is STARTUP REGISTRATION in Indiranagar

Image
  Start-up Registration:  Start-up Registrations in Indiranagar  is a useful term in the modern era to make up the environment of business in a very wonderful way. It is the term or scheme that is used under DPIIT which has been initiated by our government of India which is in opinions with the Make in India Concept which altogether aims to help and support the businessmen and creates the opportunity worldwide via the Start-up portal.   This portal which will benefit us in many ways where we need to fill up the application online due to which start-up can take a number of benefits and services provided by the government to do the business in their many ways. The scheme aims in which encouraging unique and innovative start-ups in the country.   Start-up Business Consultants in Indiranagar which has Benefits Under Start-up Recognition   Tax exemption- We can take the tax exemption on investment and capital growth above the fair market value; E...
Read more

Procedures for Limited Liability Partnership (LLP) in Indiranagar

Image
  LLP Company Registration in Indiranagar is another corporate business form that gives the us the benefits of limited liability of a company and the provides us with the flexible partnership. In simple words, the partners have limited liability such that their personal resources cannot be used for paying off the debts of the company. Moreover, a single partner is not at all responsible for the misconduct or negligence of another partner.     Limited Liability Partnerships (LLP) have now become the most desirable form of organization among businessmen. It will incorporate the benefits of both 'partnership firm' and 'company' into a single form of organization. A minimum of two partners is necessary to incorporate an LLP. However, there is no upper limit to it. At least one partner of the LLP should be a citizen of India national. All LLPs are governed according to the provisions of the Limited Liability Partnership Act, 2008. The LLP agreement monitors the right...
Read more

How to choose an ISO 9001 consultant in Malta

Image
  ISO 9001 Certification Services in Malt a makes your organization implementing  ISO 9001  certification in Malta, but it lacks the internal skills to complete the project, but likely course of action may be is to provide the services of the consultant. Consultants can come in all sizes and shapes, while the happiest choice is the one who meets the best your specific needs. You might also be thinking like: “How do we even know what our needs are?” This article will provide you some guidance on how a decision can be made in the possible best ways for your organization. The answers to the following questions will help you get there.   What’s the price tag? In ISO 9001 Certification consultants in Malta will be a key consideration for most organizations. So, if consultant A quotes 50% of consultant B, does that mean you should always pick A? But most of us will agree that the answer is which is “Not necessarily,” because we all know that there are many cheaper ...
Read more