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One Person Company (OPC): Process of Registration, Required Documents and Benefits in Bangalore

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  According to the OPC Company registration in Bangalore One person company is a recent and new form of business registration that was established in India through the Companies Act 2013, it is purely a new concept that approaches with many adaptable features and benefits and that has added advantages for businessmen and entrepreneurship.  The person who is looking, to begin with, the idea with absolutely flawless limited liability functions and alone management authority can simply take care of the OPC registration.  Section 2(62) states that OPC is a Company that has only one single person as a member. In an alternate statement, there is only one single person who is playing the role of manager, analyst, director, and coordinator for business and its management, all in the authority observance. As these benefits have come with many advantages for and to the entrepreneur, here is the topmost reason to consider registering yourself as a one-person company in India. Bene...

Here are the complete details of Mandatory Compliances for an OPC (one person company)

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  Introduction to One Person company According to OPC Company registration in Bangalore the proposal of one person company for the corporate laws that had created a revolutionary proposal which was introduced by the Companies Act 2013. Previously in the past company Act 1956, where there was a minimum of two shareholders and directors were required. At the present, the company can be established with only one person as a director and shareholder. As we see, as soon as you register for One Person Company, the law needs to obey all the mandatory compliance that is required by ROC. So, in this article, we will be discussing Mandatory compliance for OPC.   What is one person company? Section 2(62) of the Companies Act explains to us a one-person company as the company that has only one person as to its members. Moreover, the members of a company are nothing but contributors to its communication of association, or its shareholders. So, an OPC is productively a company that...