One Person Company Registration in Telugu | OPC Company Format Registration

Only Indian residents can register an OPC registration. Annual turnover of over Rs. 2 crore or has a paid-up capital of over Rs. 50 lakh, it must be turned into a private limited company or public limited company within six months. No, an individual can form only one OPC at a time. The nominee is chosen by the director, and can be anyone, such as your spouse, parents or siblings. The nominee will need to provide identity proof during registration. Personal Documents of OPC: PAN Card Voter's ID/Passport/Driver's License Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill passport-sized photograph Specimen signature (blank document with signature) Documents for Registered Office: Latest Telephone or Mobile Bill/Electricity or Gas Bill Notarised Rental Agreement in English No-objection Certificate from property owner Copy of Sale Deed/Property Deed in English (in case of owned property) Advantages of OPC: Limited Liability Solo Person Greater Credibility (Banks and Financial Institutions prefer to provide funding to a company) DrawBacks of OPC: Regulatory Compliance In case of an average turnover of Rs. 2 crore or more for the three consecutive years or a paid-up capital of over Rs. 50 lakh, the OPC must mandatory be converted into an OPC. Avg Cost of OPC: 12000 Rs to 15000 Rs Follow us on Facebook –   / smartteluguofficial   Instagram –   / smarttelugusite   Twitter -   / smarttelugusite   Our Telugu Website – http://www.smarttelugu.com For English Readers – http://www.english.smarttelugu.com