K K Baranwal & Associates champions the One Person Company (OPC) model outlined by the Companies Act of 2013, defining it as a single-shareholder entity. We simplify OPC registration, catering to sole founders or promoters, offering advantages over sole proprietorships. Opt for a One Person Private Limited Company with K K Baranwal & Associates for scalability. In collaboration with Aplite Advisors, we excel in providing reliable financial and accounting advisory services. Recent legislative provisions, like the Companies Act 2013, enable entrepreneurs to establish an OPC with specific rules. K K Baranwal & Associates ensures compliance with guidelines, emphasizing a minimum authorized share capital of 1 lac INR. Trust K K Baranwal & Associates for a smooth entrepreneurial journey.

The Memorandum of Association (MOA) comprises six pivotal clauses:

  1. Name Clause: K K Baranwal & Associates specifies the company’s name in adherence to the Companies Act, 2013, ensuring it is unique and not identical to existing companies.
  2. Registered Office Clause: This clause determines the state jurisdiction for the Registrar of Companies, outlining the company’s official location.
  3. Object Clause: Clearly defining the company’s objectives, K K Baranwal & Associates’s MOA outlines all activities conducted under its name.
  4. Liability Clause: K K Baranwal & Associates emphasizes shareholder liability, requiring members to agree on liability limits.
  5. Capital Clause: Defining the maximum number of shares the company can issue, K K Baranwal & Associates’s MOA ensures clarity in its capital structure.
  6. Article of Association (AOA): K K Baranwal & Associates’s AOA establishes rules and regulations for the management team, guiding all individuals associated with the company.

K K Baranwal & Associates enjoys the following benefits

Separate legal entity from directors or members.

Limited liability shields personal assets from business debts.

Perpetual existence ensures stability.

Ability to buy, sell, and own property.

Easy access to funding from investors.

Minimal compliance requirements.

Eligibility for bank loans and credits.

Independent operation without interference from third parties.

Enhanced credibility in business transactions.

Requirements for K K Baranwal & Associates’s OPC Registration:

  1. The individual establishing the OPC must be an Indian citizen.
  2. Entities like LLP or companies are ineligible to serve as directors in K K Baranwal & Associates’s OPC.
  3. A nominee for the company must be appointed during the incorporation process.
  4. No financial activities are permitted in K K Baranwal & Associates’s OPC.

Limitations of K K Baranwal & Associates’s OPC Private Limited:

There is a necessity to convert K K Baranwal & Associates’s OPC into a Private Limited Company under the following two conditions:

  1. If the paid-up share capital exceeds Rs. 50 lakhs.
  2. If the turnover of K K Baranwal & Associates crosses Rs. 2 crores.

Checklist of Documents for K K Baranwal & Associates:

  • Copy of PAN card, Passport/Voter-ID/Driving license of K K Baranwal & Associates’s Director(s).
  • Bank Statement of K K Baranwal & Associates’s Director(s) or Electricity bill.
  • Passport-size photos of K K Baranwal & Associates’s Director(s).
  • NOC from the owner of the registered office along with the rent agreement or sale deed (if applicable).
  • Signature specimen of K K Baranwal & Associates’s Director(s).

K K Baranwal & Associates: Your Partner for Private Limited Company Registration in India

At K K Baranwal & Associates, our proficient team of experts specializes in providing comprehensive services in finance, accounting, and legal domains. Leveraging cutting-edge techniques and technology, we enhance overall operational efficiency. Our dedicated team comprises Chartered Accountants, GST Compliance experts, Company Secretaries, Lawyers, Audit and Assurance professionals, MBAs, and other experts committed to offering top-notch assistance.

We excel in private limited company registration services in India, ensuring a seamless and efficient process. If you are contemplating the registration of a one-person company, rely on K K Baranwal & Associates for expert guidance and smooth processing.