As per the Companies Act 2013, a One Person Company is formed in the same way as a Private Limited Company. This sort of business allows anyone to create a business without having to worry about other shareholders. There are numerous advantages and disadvantages of OPC. Furthermore, a member is a shareholder or subscriber to […]
Top Advantages and disadvantages of OPC: Register OPC Read More »
In this article, we will discuss how to register One Person Company (OPC) in India and the necessary documents required for the registration process. An OPC is a type of company that can be established by a single person. The features of a company, such as perpetual succession, limited liability, and a separate legal entity are
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In this article, we shall discuss the minimum paid up capital of One Person Company. An entity created under law or by consent of law to carry on business for profit is called a company. Its shareholders own the shares. In One Person Company, an individual owns all the assets, liabilities, and profits and bears all
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The Companies Act of 2013 revolutionized the corporate laws in India by with the introduction of new concepts. The introduction of the concept of what is One Person Company (OPC) began a whole new way of starting businesses which granted flexibility that a company could offer. It also has protected limited liability which was lacking
What is One Person Company? A Comprehensive Guide Read More »
One Person Company (OPC) have gained popularity as a favorable option for entrepreneurs in the dynamic business landscape of India. It provides a limited liability and various benefits and this unique business structure allows individuals to independently establish and manage a company. It is crucial to understand the importance of having a nominee in One Person Company. The
Choosing the perfect nominee in One Person Company Read More »
The Corporate laws in India were completely revolutionized by the Companies Act of 2013. It introduced several new concepts that did not exist previously. On such was the One Person Company concept. It led to a completely new way of starting businesses with flexibility which a company offers, and the protection of limited liability that sole
OPC formation procedure: Register a One Person Company Read More »
One Person Company (OPC) is a new concept under the Companies Act of 2013. Only one person acts as a member in a One Person Company. That type of Company is called a One Person Company (Section 2(62)). It means, it is a gift of the Companies Act, 2013 that any person, may incorporate a company,
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When starting a business, many options are available. A One Person company (OPC) has many advantages and is one of the most preferred business models by Single Owners looking to start small and grow gradually. This blog article enumerates the issues related to the Incorporation of One Person Company. For a single owner, there are
Incorporation of One Person Company: Register OPC in India Read More »
OPC is owned and controlled by one person. This is what sets us apart from other types of companies. With the introduction of GST on July 1, 2017, many OPC companies immediately migrated or registered for OPC GST registration. GST registration of OPC in India can be easily completed online, eliminating the need to physically
GST Registration of OPC in India: One Person Company Read More »
Entrepreneurs starting a business have several options to choose from. For those wishing to establish their own ventures, Sole proprietorship and a One Person Company (OPC) are two popular choices. There are fundamental differences between both structures regarding business operations and legal obligations. In this blog, we will focus on the key differences between Sole
Difference between Sole Proprietorship and One Person Company Read More »
