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OPC INCORPORATION IN KARNATAKA

Be a proprietor without the unlimited liability!
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INR 14999 /- only

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    Register Your OPC in Karnataka with Clearbiz!

    What is a One-Person Company (OPC)?

    OPC is a new idea introduced through the Companies Act 2013. In this business structure, a single owner can enjoy the features of a private limited Company, without the drawbacks of sole proprietorship. In an OPC there is only one Director -Shareholder who is the owner. But since it is recognized as a separate legal entity the liabilities of the single owner are limited. This feature of Unlimited Liability offers safety to the owner from business losses.

    How Clearbiz Can Help You Register Your OPC:

    Clearbiz simplifies your OPC registration in Karnataka with a step-by-step approach:

    Digital Signature:

    A person to be appointed as Director in India, mandatorily needs to have a DSC.

    Director Identification Number (DIN):

    The next step is obtaining a DIN. DIN is a unique ID provided by the MCA. This is a statutory requirement

    Name Reservation (RUN Form or SPICe+ Part A):

    Next comes the most significant Step. Determining your OPC Name. OPC's name should not violate the rules of the Companies Act 2013. It must be unique and must not be similar to any existing business names

    Preparation of Key Documents:

    Our team will share with you a detailed checklist of documents required upfront. Based on the details we will prepare all documents and Forms to apply for OPC registration.

    Nominee Appointment:

    A nominee, is a person who takes over the company in case of your absence. This must be decided and intimated to ROC

    Filling SPICe+ Form (Part B):

    SPICe+ form is filed online on MCA V3 Portal

    Attachments to the SPICe+ Form:

    We meticulously collect and attach all necessary documents to the form. https://www.mca.gov.in

    Submission and Review:

    Once the completed application is submitted it is reviewed by CRC-MCA. Upon approval, you'll receive the Certificate of Incorporation, the official document recognizing your OPC.

    Post-Incorporation Compliance:

    It is important to note that all statutory compliances do not end at the registration of your OPC. There are several post-incorporation matters to be taken care of, as well as annual filings required. Our team will provide detailed guidance on the same.

    Documents Required for OPC Registration

    Given below are  important documents for OPC registration in Karnataka:

    • PAN Card, Aadhaar Card, and passport-sized photographs of the director and nominee.
    • Proof of registered office address (utility bill, rent agreement).
    • Digital Signature Certificate (DSC) of the director.

    Clearbiz will share a checklist to simplify document collection.

    FAQs On OPC Registration In Karnataka

    Get answers to all your queries

    To register your OPC in Karnataka, you must meet the following criteria 1.Indian Citizen and Resident: You must be a citizen of India and have resided in the country for at least 182 days in the preceding year. 2.Business Activities: OPCs are restricted from operating in certain sectors like banking and insurance. Be sure your business idea falls outside these restricted categories. 3.Financial Limits: The authorized share capital of your OPC cannot exceed Rs. 50 lakh, and your average annual turnover cannot surpass Rs.2 crore.

    The OPC registration process requires some documents provided by you. Don't worry, Clearbiz can help you ensure you have everything in order. Here's a brief list: 1.Identity Proof: PAN Card, Aadhaar Card, and passport-sized photographs for both the director and nominee. 2.Address Proof: A document proving the registered office address of your OPC, such as a utility bill or rent agreement. 3.Director and Nominee Documents: DIN (Director Identification Number) for the director and KYC documents for the nominee (similar to those required for the director). 4.Digital Signature Certificate (DSC): A DSC is required for secure online filing.

    The OPC registration timeline in Karnataka can vary within 4-6 weeks.

    The nominee of an OPC is the person who should take over and run the company if the single owner is incapacitated. The nominee must be: 1.An Indian citizen and resident (similar to the director). 2.Someone who is competent to contract (of sound mind). 3.Cannot be a director of another OPC already.

    Pros of One Person Company Registration in Karnataka:

    1. Increased Credibility: An OPC registration enhances your business image and inspires trust from clients and investors.
    2. Ease of Raising Capital: An OPC structure facilitates attracting investments and securing loans due to enhanced credibility
    3. Separate Legal Entity: The OPC and owner are considered as 2 different individuals. This ensures business losses will not eat up your personal assets

    Karnataka being an extremely business-friendly state offers several incentives for new companies registering in the state. Also, an OPC is a recognized business structure for StartUp India Registration

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    Why Choose Clearbiz for Your One Person Company Registration in Karnataka?

    Clearbiz is a leading business service provider specializing in OPC registration. Our team of t Chartered Accountants, Advocates, or Company Secretaries, promises a professional approach to your business requirements. We assure a streamlined and easy registration with their knowledge and expertise

    One Person Company Registration in Karnataka Fees and Costs:

    Clearbiz offers transparent pricing with a breakdown of government fees and our service charges. We believe professional service charges must be affordable. Compliance should never burden a business. Once we get in touch and discuss your requirements, we will provide an in-detail quote clearly mentioning Professional Fees and Government charges

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    One-Person Company Registration Process

    The OPC registration process in Karnataka involves several steps:

    1. Digital Signature Acquisition
    2. Director Identification Number (DIN)
    3. Name Reservation (RUN Form or SPICe+ Part A)
    4. Preparation of Key Documents
    5. Nominee Appointment
    6. Filling SPICe+ Form (Part B)
    7. Attachments to the SPICe+ Form
    8. Submission and Review
    9. Certificate of Incorporation
    10. Post-Incorporation Compliance

    Clearbiz handles the complexities of each step, ensuring a smooth and efficient registration