OPC Registration in Bangalore
Smartcorp offers OPC registration in Bangalore at a reasonable price and in an effective manner. We are expanding our services in the locations like BTM Layout, Sarjapur, Jaya Nagar and HSR layout. We are a team of experienced professionals who perform OPC registration in Bangalore in an enormous way and Smartcorp is the best online platform in Bangalore which provides all type of legal registration services.
OPC Registration in Bangalore gives the corporate body status to entrepreneurship and also encourages and facilitates their marginal Business. The One Person Company should have a corporate secretary, treasurer and other officers appointed within fifteen days of the date of incorporation. It should have a prefix as Opc registration in Bangalore- which suggests that a One Person Company can be converted to Private limited firm, if the profit crosses two crores. If the capital exceeds 50 Lakh then he/she cannot continue as One Person Company and must be converted to Private limited. NRI (Non Resident Indian) cannot start OPC under the Companies Act,2013. OPC is a boon for many of the entrepreneur because they don’t have to look for another person to join. OPC registration helps when someone who wants to be a member, they can enroll themselves under this Act. If the investment is made by the owner, whatever the profit may be; the owner can enjoy the full profit. There is no sharing in this type of business.
Process of OPC Registration in Bangalore
- Apply for DSC
- Apply for DIN
- Name Approval Application
- Documents Required
- Filing Forms with MCA
- Certificate of Incorporation
Documents Required for OPC registration in Bangalore
OPC registration in Bangalore has its own legal identity which is separate from its members.
Paper work is very less; it is easy to convert an OPC to other type of business structures
Minimum Capital not required
The firm can be started within the capacity of the sole promote.
Easy to Get Loans
Banks and financial organizations prefer to lend money to this type of firm rather than proprietary firms.
One Person Company is a popular business structure. So it gives a sense of confidence in business for customers.
In OPC registration, the tax rate is 30% like the private limited company on all profits.
Easy Return Filing
In OPC, the annual returns can be filed easily along with the signature of the director. The firm secretary’s signature is not required.
Members of the liability are limited.