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.
An OPC is a type of company structure that allows a single individual to incorporate and run a company. It provides the benefits of limited liability to the sole owner, but it does not have the same legal and operational flexibility as a private limited company.
The name of an OPC must end with the words “One Person Company” to indicate its unique structure and differentiate it from private limited companies. This naming requirement helps to clearly identify the company’s legal status and distinguishes it from other types of companies.
It’s important to comply with the naming rules and regulations specific to the jurisdiction where the OPC is being formed. Consulting with a professional advisor or seeking guidance from the appropriate authorities will ensure that you choose a compliant and suitable name for your OPC.
To visit: https://www.mca.gov.in/
For further details access our website: https://vibrantfinserv.com
