Many individuals share the dream of running their own business, making independent decisions, and charting their course. For solo entrepreneurs in India, the One Person Company (OPC) structure is a game-changer. In this chapter, we'll introduce you to OPC and the significance of OPC Registration in the Indian business landscape. The One Person Company (OPC) [...]
The concept of One Person Company (OPC) was introduced in India through the Companies Act, 2013, with the objective of promoting entrepreneurship and providing a platform for sole proprietors to venture into the corporate world with limited liability. OPC Company Registration has gained popularity among aspiring entrepreneurs due to its unique structure that allows them [...]
एक व्यक्ति कंपनी वार्षिक शिकायतें वार्षिक आधार पर विभिन्न दस्तावेजों को दाखिल करने के लिए संदर्भित करती हैं। एक व्यक्ति कंपनी केवल एक व्यक्ति द्वारा बनाई जा सकती है, जो एक निदेशक के साथ-साथ एक शेयरधारक के रूप में कार्य कर सकता है। पुरानी कंपनी अधिनियम 1956 में एक व्यक्ति कंपनी बनाने का कोई प्रावधान नहीं था। नई कंपनी अधिनियम 2013 [...]
One Person Company Annual Compliances refers to the filing of various documents on an annual basis. One person company can be formed by one person only, who can act as a director as well as a shareholder. There were no provisions of forming a One Person Company in the Old Companies Act 1956. with the [...]
What is a One Person Company (OPC) Companies Act, 2013 introduced the concept of One Person Company in India to promote self-employment and to motivate individuals who are capable of starting a business of their own. The need for two directors in a private limited company is eliminated which aids the entrepreneurs to have [...]
One Person Companies (OPCs) Introduced under the new Indian Companies Act of 2013. One person companies are becoming rapidly popular in entire India for sole entrepreneurs/professionals in various economic sectors. In respect of registration, one person company has many business administration & management, and also statutory compliances as per the Companies Act of 2013. [...]
Difference between Sole Proprietorship and One person company 1. Registration In Proprietorship, registration of the company is Not Compulsory. A proprietor can register if he wants to register his company. In One Person Company, the company Can be registered under MCA and Companies Act 2013. 2. Legal status of an entity A proprietorship is Not [...]
Introduction Companies Act, 2013 introduced the concept of One Person Company in India to promote self-employment and to motivate individuals who are capable of starting a business of their own. The need for two directors in a private limited company is eliminated which aids the entrepreneurs to have total control over their entity, and also [...]
The concept of One Person Company, OPC registration is a new vehicle/form of business, which was introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling the Entrepreneur(s) to carry on the business in the Sole-Proprietor to form of business to enter into a Corporate Framework. It allows one person to run the whole [...]
Registering a One Person Company (OPC) Private Limited has many advantages when it is compared to Companies and Proprietorship firm. Here we go with the benefits of registering an OPC: A. Compliance burden: The One person Company thus includes in the definition of “Private Limited Company” which is given under section 2(68) of the [...]
