Can an OPC have two directors No, an OPC (One Person Company) can have only one director. As per the provisions of the Companies Act, 2013 in India, an OPC can have only one director who is also the sole shareholder of the company. The concept of an OPC is designed to enable single-person entrepreneurship,… 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 »
Companies Act 2013 To establish a private limited company under the Companies Act 2013 in India, it is imperative to meticulously follow the registration process elucidated below: 1.Obtain Director Identification Number (DIN): Ensure that all proposed directors of the company have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs… Read More »