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One Person Company Registration - Bangalore Consulting Company

One Person Company Registration in Bangalore<br>The business is owned, managed and controlled by One person as the Director and Shareholder.<br>It has a separate legal existence and has business continuity, even with the death of the Director.<br>It has limited liability and also has better credibility as compared to sole proprietorship.<br>Important points to be noted<br>Should have a nominee Director, in case of any disability of the Single Owner.<br>If the annual turnover crosses Rs. 2 Crore, the Company has it converted into a regular Private Limited Company

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One Person Company Registration - Bangalore Consulting Company

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  1. One Person Company Registration - Bangalore Consulting Company

  2. One Person Company Registration in Bangalore The business is owned, managed and controlled by One person as the Director and Shareholder. It has a separate legal existence and has business continuity, even with the death of the Director. It has limited liability and also has better credibility as compared to sole proprietorship.

  3. Important points to be noted Should have a nominee Director, in case of any disability of the Single Owner. If the annual turnover crosses Rs. 2 Crore, the Company has it converted into a regular Private Limited Company and get file the audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like any other Company. The Company should convert in Private Limited Company if it acquires a paid-up fund of Rs. 50 Lakhs or more. Cannot contribute towards Employee Stock funding or equity funding.

  4. List of Documents required 1. 2. 3. PAN or Passport copy (In case of Foreign Nationals or NRIs). Copy of Voter’s ID or Driver’s License. Copy of latest month bank statement/Phone (or Mobile) Bill/Electricity bill/Gas Bill. One Passport Size Photo. Copy of Electricity bill for latest month (for registered office address proof). Rental Agreement and NOC by the owner. 4. 5. 6.

  5. Find Us Bangalore Consulting Company, Cowrks RMZ Galleria, Ambedkar Colony Yelahanka, Bengaluru, Karnataka 560064 Talk to an expert - 0 98807 08545 visit - https://bangaloreconsultingco.com/

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