One Person Company (OPC) Registration in Bangalore: Pros, Cons, and Process

⭐ Pros of OPC Registration

1. Limited Liability
   Your personal assets are protected—liability is limited to the amount invested.
2. Separate Legal Entity
   The Company registration in Bangalore has its own legal identity, enabling contracts, loans, or property ownership in the company’s name.
3. Single Ownership
   Perfect for solo entrepreneurs who want full control and structure like a private limited company.
4. Perpetual Succession
   The company continues to exist even if the sole owner dies (through the nominee).
5. Easy Funding Opportunities
   Better chances to get loans, funding, and contracts compared to sole proprietorships.
6. Less Compliance Than Pvt Ltd
   OPCs enjoy fewer compliance requirements than traditional private limited companies.

⚠️ Cons of OPC Registration

1. Only One Shareholder Allowed
   No scope for equity investment from partners or co-founders.
2. Cannot Convert to Pvt Ltd with Ease
   You must convert to a private/public company if turnover exceeds ₹2 crore or capital exceeds ₹50 lakh.
3. Taxation at 30%
   Corporate tax rates apply, which can be higher than individual tax slabs in some cases.
4. No Multiple Business Owners
   If your vision includes partners or co-founders, OPC may not be the best fit.
5. Restricted for NBFCs
   OPCs can’t carry out financial activities like investment in securities or insurance.

📝 OPC Registration Process in Bangalore

Here’s a simplified step-by-step guide:

1. Digital Signature Certificate (DSC)

• Required for the director/owner.
• Documents: PAN, Aadhaar, photo, email, phone number.

2. Director Identification Number (DIN)

• Apply via SPICe+ form (INC-32).
• DIN is a unique number for the director.

3. Name Approval (RUN Service)

• File a name reservation through the RUN (Reserve Unique Name) portal.
• Name must end with “OPC Private Limited.”

4. Incorporation Application (SPICe+ Form)

• Submit via MCA portal.
• Include:
  • MOA (Memorandum of Association)
  • AOA (Articles of Association)
  • PAN & TAN applications
  • Address proof of registered office
  • Nominee consent (Form INC-3)

5. Get Certificate of Incorporation (COI)

• Issued by the Registrar of Companies (RoC), Karnataka.
• Includes Company Identification Number (CIN).

6. Open a Company Bank Account

• Use the COI, PAN, AOA, MOA, and KYC documents.

📄 Documents Required

• PAN & Aadhaar of the director
• Address proof (Bank statement/Utility bill)
• Registered office proof (Rent agreement/NOC)
• Passport-sized photo
• Nominee’s PAN, Aadhaar & consent (INC-3)

💰 OPC Registration Cost in Bangalore

🧾 Compliance After Registration

• Annual return filing (Form MGT-7A)
• Financial statement filing (Form AOC-4)
• Income tax return
• Auditor appointment (within 30 days)
• GST, PF, ESI (if applicable)