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One Person Company (OPC) Registration in Bangalore Karnataka - Patsonlegal blog - 0 views

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    The concept of a one person company (OPC) was brought out as per the Company's Act 2013. Previously, in order to find a private company you need at least 2 members and directors. On the other hand, you needed at least 7 members and 3 directors in order to start a public company. A single person was never allowed to incorporate a company earlier on. However, the Section 2 (62) of said act has made it possible for the people who want to form a company with just one director and one member. Normally, in such a company the compliance related requirements are lot lesser than a private company. The following things you need to know before starting an OPC: 1. What is One Person Company? 2. Minimum requirements to form an OPC 3. Features of One Person Company 4. Advantages of One Person Company 5. Why should you register such a company in Bangalore? 6. Procedure to register an OPC 7. Documents required for registering a one person company
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