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OPC INCORPORATION IN TELANGANA

Be a proprietor without the unlimited liability!
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    One Person Company (OPC) Registration In Telangana

    Do you want to be the boss of your business, but is afraid of liabilities and other business losses that might eat up your assets? Let’s learn more about the OPC-One Person Company form of business. 

    Features of an OPC

    Here are some features that set apart the OPC form of business

    Documents Required for OPC Registration in Telangana

    Some of the general documents that would be required to be kept handy while registering your OPC are

    • PAN Card of the owner
    • Passport-sized photograph of the Director
    • Copy of Aadhaar Card/Voter ID card of the Director
    • Copy of Rent Agreement (if using a rented property)
    • Electricity Bill/Water Bill of the business place

    Additional documents: Varying from case to case, sometimes certain specific documents might be required. But worry not our expert team will communicate and inform you about all documents in one go so that you will not be asked to provide docs out of the blue

    FAQs On OPC Registration In Telangana

    Get answers to all your queries

    Rather than putting it as a different structure, let's say it is a combination of many business structures. It's very similar to a sole propriety business and private limited company. To know more

    To be eligible for One Person Company registration in Telangana, you must: 1.Be an Indian citizen and resident for at least 182 days in the preceding financial year. 2.Do not Have a minimum authorized share capital requirement. 3.Not be engaged in certain restricted activities like banking or insurance.

    An individual can only establish one OPC.

    No, OPCs are not allowed to engage in activities like banking or insurance.

    Some of the high points of registering an OPC in Telangana include: 1.Limited liability protection for your personal assets. 2.Enhanced credibility and a more professional image for your business. 3.Easier access to funding from banks and investors.

    Potential disadvantages include: 1.Limited Conversion: An OPC must convert to a private limited company if its turnover exceeds Rs.20 crore or paid-up share capital surpasses Rs.50 lakh. 2.Compliance Requirements: OPCs are subject to certain compliances like filing annual returns and holding meetings.

    What is a One-Person Company (OPC)?

    An OPC is a unique business format introduced via the Companies Act 2013. It has the characteristics of both a private limited company as well as a sole proprietorship concern. In an OPC there is only a single shareholder-director, just like a proprietorship. But unlike the traditional proprietaries seen in Telangana, an OPC offers the benefit of limited liability to its owner. This means even if the business runs into losses and the company is unable to pay off the debts the director will not be required to contribute.

    Steps for One Person Company Registration in Telangana

    For a more detailed understanding, here’s a breakdown of the individual steps involved in OPC registration:

    1. Digital Signature: A person to be appointed as Director in India, mandatorily needs to have a DSC.
    2. Director Identification Number (DIN): Next step is obtaining a DIN . DIN is a unique ID provided by the MCA. This is a statutory requirement
    3. Name Reservation (RUN Form or SPICe+ Part A): Next comes the most significant Step. Determining your OPC Name. OPCs 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
    4. Preparation of Key DocumentsOur 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.
    5. 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
    6. Filling SPICe+ Form (Part B): SPICe+ form is filed online on MCA V3 Portal
    7. Attachments to the SPICe+ Form: We meticulously collect and attach all necessary documents to the form. https://www.mca.gov.in
    8. Submission and Review: Once the completed application is submitted it is reviewed by CRC-MCA. Upon approval, you receive the Certificate of Incorporation, the official document recognizing your OPC.

    Why Choose Clearbiz for Your One Person Company Registration In Telangana

    Clearbiz is a leading business service provider specializing in OPC registration. Our team of 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

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    Requirements for OPC Registration in Telangana

    To be eligible for One Person Company registration in Telangana, you must:

    1. Be an Indian citizen and resident for at least 182 days in the preceding financial year.
    2. Not be engaged in certain restricted activities like banking or insurance.
    3. Appoint a nominee who will take over the company in case of your incapacitation or death.

    Cost of One Person Company Registration in Telangana

    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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