One Person Company Registration in Bangalore

A-One Person Company(OPC) has only one member who is an Indian citizen by birth and resides in India. According to the Companies Act of 2013, any individual who aspires to become an entrepreneur can start a One Person Company.

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

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

Registering a One Person Company gives you the following benefits:

• A separate legal entity
• Raising funds for an OPC is easy.
• 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.
• The company secretary is not required to sign the annual returns.
• Several provisions relating to meetings and quorum do not apply to OPC.

• OPC limited by shares - An OPC has a minimum paid-up capital of 1 Lakh. There is no restriction on the transfer of their shares. It does not allow involving the public in subscribing to the issue of shares in the entity.
• OPC is limited by guarantee and has a share capital - The share capital has the shareholders (guarantors), and the liability of the members is limited. The guarantors contribute a nominal amount (minimal amount) in the winding-up of the Company.
• OPC limited by guarantee and has no share capital - An OPC limited by guarantee without share capital does not usually have shareholders but instead has members who act as guarantors.
• OPC unlimited having a share capital - This is a hybrid company incorporated with or without share capital. The legal liability of the members/shareholders isn't limited.
• OPC unlimited not having a share capital - The liability of the members is limited to the amount unpaid, if any, on the shares held by them. The share capital of the Company is divided into many shares. Unlimited Company not having Share Capital. The liability of the members is unlimited.

• Applying for Digital Signature Certificate
• Applying for Director Identification Number
• Name Application Process
• Drafting of MOA (Memorandum of Association)
• Drafting of AOA (Articles of Association)
• Filing of Forms along with e-Form Spice+ with MCA
• Application of PAN
• Application of TAN