Costs Involved in OPC Name Approval

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Introduction:

The costs involved in incorporating an OPC can be very high, but it is also important to understand the breakdown of these fees. This will help entrepreneurs budget their startup expenses and avoid paying more than necessary. It is recommended to choose a service provider that offers quality work at a reasonable price. This article compares the Costs Involved in OPC name approval processes and introduces how FilingPoint facilitates these services.

 

Costs Involved in OPC Name Approval:

The cost of registering an OPC is dependent on several factors, including the application fees for obtaining a DIN and DSC, stamp duties that must be paid during the registration process (depending on the state), filing incorporation forms, and professional fees charged by Chartered Accountants or Company Secretaries to assist with the application. The government has set a fee schedule that varies by state, and it is important to be aware of this when planning your startup budget.

 

OPCs are a great option for small businesses because they provide limited liability protection, meaning that the personal assets of the owners are not at risk in the event of a financial disaster. Also, if the owner is unable to continue running the company for any reason, it can be passed on to a nominee director. To qualify for an OPC, the owner must submit a scanned copy of a utility bill, such as a gas or electricity bill, along with the latest bank account statement and a signed or No Objection Certificate from the landlord.

 

By providing a comprehensive comparison and detailing FilingPoint's services, this article aims to guide aspiring entrepreneurs through the initial and crucial step of OPC incorporation, ensuring they choose the most efficient path for their specific circumstances.

 

For more information on OPC registration services, visit https://filingpoint.com or Call us at +91 72999 72500