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 [...]
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. [...]
Sole proprietorship The simplest form of business is carried on by individuals who are personally liable for debts. A sole proprietorship is not a legal entity like a partnership or a corporation. A sole-proprietor can apply for company registration under his name or a fictitious name. Costs are nominal to start this kind of [...]
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 [...]
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 [...]
.The concept of One Person Company [OPC] 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. One Person Company is thus a hybrid of [...]
The concept of One Person Company [OPC] 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. One Person Company is thus a hybrid of [...]
