Last updated: July 17th, 2023 9:16 AM
What is OPC?
One Person Company registration in India is a concept introduced under the Companies Act 2013. It allows a single individual to incorporate a company and enjoy the benefits of both a sole proprietorship and a company. This concept was available after the enforcement of the Companies Act 2013. One Person Company's primary objective was to promote entrepreneurship and the corporatisation of MSMEs. It offers all the advantages of a Private Limited Company, including perpetual succession, being a separate legal entity, and shielding personal assets from the liabilities of the firm.Benefits of OPC
One Person Company, is a type of business structure that has become increasingly popular in India over the past few years. This type of company is ideal for entrepreneurs looking to start a business but need more resources or time to manage a full-fledged business. A One Person Company offers numerous benefits to entrepreneurs and small business owners in India, making them a viable option for starting a business.- Limited Liability: One of the critical advantages of A One Person Company
Related Guides
Popular Post
In the digital age, the convenience of accessing important documents online has become a necessity...
The Atalji Janasnehi Kendra Project that has been launched by the Government of Karnataka...
The Indian Divorce Act governs divorce among the Christian couples in India. Divorce...
When an individual has more than a single PAN card, it may lead to that person being heavily penalised, or worse,...
Employees Provident Fund (PF) is social security and savings scheme for employee in India. Employers engaged...