What is an OPC? A One Person Company (OPC) is a relatively new business structure introduced in many countries, including India, through the Companies Act, 2013. It allows a single individual to own and operate a company with the benefits of limited liability. An OPC enjoys several features similar to a private limited company but… Read More »
Unregistered Business Unregistered business: In many jurisdictions, it is possible to operate a business without formal registration, especially if you are a sole proprietor. However, it’s important to note that operating an unregistered business may have certain limitations and risks. Here are some considerations: Legal Status: Registering your business provides a legal identity and separates… Read More »
Can OPC issue preference shares No, an OPC (One Person Company) is not allowed to issue preference shares. According to the Companies Act, 2013 in India, which governs OPCs, an OPC can only issue equity shares to its sole shareholder. it, which carry certain preferential rights such as priority in payment of dividends or repayment… Read More »
GST-free company registration GST-free company registration,In many jurisdictions, including India, registering for Goods and Services Tax (GST) is mandatory for businesses above a certain threshold or engaging in specific types of activities. However, there are cases where a company may not require GST registration. Here are a few scenarios: Threshold Exemption: If your business… Read More »
Fundraising Website Link: Fundraising: Yes, an OPC (One Person Company) can raise funds. However, the methods and extent of fundraising may be subject to certain restrictions and regulations depending on the jurisdiction and the applicable laws. In general, an OPC can raise funds through various means, including: Equity Capital: An OPC can issue shares to… Read More »
Business Registration Process A business registration process or incorporation certificate is an official document issued by the government or relevant regulatory authority to confirm the legal existence of a business entity. The certificate serves as proof that the business has been register and incorporated according to the laws and regulations of the jurisdiction. The… Read More »
OPC use Pvt. Ltd. OPC use Pvt. Ltd, No, an OPC (One Person Company) cannot use the term “Private Limited” or “Pvt Ltd” in its name. The Companies Act, which governs the formation and operation of companies in many jurisdictions, including India, specifically restricts OPCs from using the term “Private Limited” in their name.… Read More »
Can OPC Open Demet Account Yes, an OPC (One Person Company) can open a Demet account. A Demet account is a digital or electronic account used to hold and trade securities such as stocks, bonds, mutual funds, and other financial instruments in electronic form. It provides a convenient and secure way to hold and… Read More »
LLP registration vs pvt ltd LLP stands for Limited Liability Partnership. It is a partnership where the partners have limited liability, similar to shareholders in a private limited company. LLP registration requires at least two partners and does not have a maximum limit on the number of partners. The liability of the partners… Read More »
Debentures Can OPC Issue Debentures? The concept of OPC, introduced under the Companies Act, 2013 in India, aims to provide sole proprietors a formal structure that separates personal and business liabilities. However, when it comes to raising capital, particularly through issuing debentures, there are specific considerations for OPCs. What are Debentures? Debentures are… Read More »
