One Person Company (OPC) is a legal firm formed by an individual person. It unites the advantages of a sole proprietorship and a private limited. Gives the sole owner limited liability while keeping management simple. There are both advantages and disadvantages of One Person Company. This new form of company was formed in 2013. This […]
5 Main disadvantages of One Person Company Read More »
The concept of One Person Company came into existence in India after the enactment of the Companies Act 2013. In this blogs, we will look into the Pros and Cons of One Person Company in India. The objective of this notion is to boost small entrepreneurs and young innovative minds to start their entrepreneurship without
Pros and Cons of One Person Company in India Read More »
The Companies Act 2013 introduced the concept of an entity called a One Person Company (OPC). This blog guides you all about One Person Company. Earlier, a company involved at least 2 people to begin with. In such a company, a single person is the sole shareholder of the company who may as well be
Know all about One Person Company: What is OPC Read More »
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 »
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 »
It is well known that Companies Act 2013 introduced a new concept of single owner company that is One Person Company (OPC). It is operated and managed by a single member. It works like Private Limited Company but there is certain relief when it comes to the compliances in OPC. Basically, the Income Tax for OPC is
What Income Tax for OPC: Taxation for One Person Company Read More »
Process of registering a one person company
What are the documents required for One Person Company? Read More »
Earlier, it was mandatory to have a minimum of two person to form a company, after the introduction of the Companies Act of 2013 included a concept of One Person Company in Section 2(62). Section 2(62), provides that One Person company can be formed by one member not more than one member. There are several
Concept of One Person Company under Companies Act 2013 Read More »
One Person Company or OPC is one of the type of company which is formed with only one person as a member. It is completely different from other companies where there will be more than one members. According to Section 2(62) of Companies Act provides that a One Person company can be formed with only
What are the limitations of one person company? Read More »
