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
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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
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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
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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
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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
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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
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According to Section 2(62) of the Companies Act, 2013, One Person Company (OPC) is a company that consists of only one person as a member. It is incorporated and maintained by a single person. It is one among the major features of One Person Company. This blog explains the great number of advantages and features of
What are the features of One Person Company? Register OPC Read More »
When starting a business, many options are available. For a single owner, there are usually two options. They are: As per the Companies Act of 2013, a One Person company has many advantages and is one of the most preferred business model by single owners looking to start small and grow gradually. This blog will enumerate
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