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Introduction to One Person companyAccording to OPC Company registration in Bangalore the proposal of one person company for the corporate laws that had created a revolutionary proposal which was introduced by the Companies Act 2013.

Previously in the past company Act 1956, where there was a minimum of two shareholders and directors were required.

As we see, as soon as you register for One Person Company, the law needs to obey all the mandatory compliance that is required by ROC.

So, an OPC is productively a company that has only one shareholder as its member.

What is the Annual filing for One Person Company in the form MGT 7?As per OPC registration service provider in Bangalore the OPC Annual Return Filing must be filed with the Registrar of the CompaniesThe returns should be filed and completed with the ROC as an extension to Form MGT 7This kind of annual return has to be signed by the Company SecretaryIf there is no Company Secretary available, the director has to be signed the return.It should be filed by all the OPC registered all over India every year The Documents that are necessary for MGT 7:PAN/CINDetails of main business activitiesList of shares and shareholdingDetails of debentures and loansList of other securities held by the companyThe information should be revealed in the Annual filingThe annual return should contain the documents and information that include a register of members, shares, registered office address, a compliance certificate, and debentures details, information about the management of the company, debt details of the company.The annual return would also reveal the shareholding formation of the Company, changes in details, and directorships of the transfers of securities.

Financial statement of One person Company (AOC4)According to Opc Registration Consultants in Bangalore the Companies Act 2003, the audited financial Statements and Records are to be filed digitally in Form AOC 4.The above form should be signed by the Board of Directors.The above same form must be filed on or before 180 days from 31st March of every financial year with the registrar of the companies.The financial report and statements should only surround the Profit and Loss Account, notes to the accounts, Balance Sheet, and Audit report.

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This former British colony is one of the leading economies of the world and much targeted by the migrants from almost across the world, more so Asia, many of who shift base to it for a variety of reasons and benefits some of which are being mentioned here below.

That this city-state also has one of the highest per capita incomes across the globe further adds to its unmatched global appeal making it Red Hot for the immigrants.

Here, there is an assurance of human rights, protection of private property and full privacy of human rights.

Availability of superb opportunities for global giants, improved scope for further development imply that one cannot find a better nation to migrate to and do a thriving business.Free Economy:Perhaps, the biggest benefit of immigration to this nation is that it boasts of an absolutely free economy.

This nation upholds democracy, free spirit.

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