Annual Compliances of One Person Company(OPC)

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 [...]

2018-11-05T13:45:11+00:00One Person Company|

A Complete Guide to One Person Company (OPC)

What is a One Person Company (OPC) Companies Act, 2013 introduced the concept of One Person Company in India in order 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 [...]

2018-11-06T04:56:00+00:00One Person Company|

One Person Company Compliances and Annual Filing

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. [...]

2018-11-05T13:57:07+00:00One Person Company|

Difference between Sole Proprietorship and One person company

Sole proprietorship The simplest form of business 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 under a fictitious name. Costs are nominal to start this kind of business, [...]

2018-11-06T05:27:12+00:00One Person Company|

Disadvantages of One Person Company

Introduction Companies Act, 2013 introduced the concept of One Person Company in India in order 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 [...]

What are the requirements for OPC Registration?

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 in order to form of business in order to enter into a Corporate Framework. It allows one person [...]

What are the advantages of OPC Registration?

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 [...]

Rules and regulations under one person company registration

.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 in order to form of business in order  to enter into a Corporate Framework. One Person Company is [...]

How to incorporate a One Person Company?

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 in order to form of business in order  to enter into a Corporate Framework. One Person Company is [...]