Best One Person Company (OPC) Registration in Bangalore

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One Person Company (OPC)

With the introduction of the concept of One Person Company in India, the requirement of having at least two members to start a company has been done away with. This helps a person to enjoy the benefits of a Company without having to share the controlling power with any other person. The compliances involved in OPCs are least and maintenance is easy.

It is suited for Entrepreneurs and Proprietors who cannot avail the benefits of limited liability as they cannot find a shareholder.

Benefits

Registering a One Person Company gives you the following benefits:

  • A separate legal entity
  • More opportunities, limited liability
  • Minimum Compliances
  • The only owner
  • The identity is distinct from that of its owners
  • Gives your business social recognition and legal structure.
  • No loss of personal assets.
  • The financial statements of OPC need not include cash flow statements.
  • Several provisions relating to meetings and quorum do not apply to OPC.

Requirements

  • Only one person as a member / Shareholder.
  • One nominee for the Shareholder.
  • DSC (Digital Signature Certificate)

Procedure

  • Name Reservation
  • Preparation of Digital Signature Certificate
  • Application for Incorporation.

Time

  • 10 to 15 working days subject to ROC processing time

Monthly Servay

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Solution

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Frequently Asked Questions

There is no lower limit to the paid up capital. However it does have an upper limit,which is Rs. 50 lakhs. If the capital goes beyond the threshold, the OPC will have to be converted into a private limited company.
Yes, they can have as many employees as required. The limit of shareholders is restricted to one. The directors and employees in an OPC can be more than one.
No, OPC can be started only by Indian citizens. The nominee as well should be an Indian citizen.
Yes, an OPC can be converted into a private limited company either voluntarily or mandatorily. A private limited company can also be converted into an OPC.

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