Introduction Is One Person Company Eligible for Startup India? : The Startup India initiative, launched by the Government of India, aims to support entrepreneurs, encourage innovation, and boost job creation by providing various benefits such as tax exemptions, easier compliance, and funding support. However, many aspiring business owners wonder if a One Person Company (OPC)… Read More »
Introduction Benefits of One Person Company : The concept of One Person Company (OPC) was introduced in the Companies Act, 2013, to enable solo entrepreneurs to establish a business with the benefits of a corporate structure. This business model provides numerous advantages, including limited liability, better legal recognition, and ease of compliance, making it an… Read More »
Introduction OPC Registration Process in India : The concept of One Person Company (OPC) was introduced in the Companies Act, 2013, to enable single entrepreneurs to establish a company with limited liability. This structure is ideal for individuals who wish to operate a business without involving partners but still want the benefits of a corporate… Read More »
Introduction Pros and Cons of One Person Company: The One Person Company (OPC) is a relatively new business structure introduced in India under the Companies Act, 2013. It was designed to provide a legal identity to small business owners and entrepreneurs who wish to operate a company with limited liability without requiring multiple shareholders or… Read More »
Can OPC Issue Shares? In India, a One Person Company (OPC), as per the Companies Act, 2013, cannot issue shares to the public. The OPC structure was introduced to help solo entrepreneurs set up businesses with limited liability without the need for multiple shareholders. Since an OPC can have only one shareholder, it cannot raise… Read More »
OPC or Sole Proprietorship Here’s an overview of each: OPC (One Person Company): OPC is a legal business structure that allows a single individual to establish a company with limited liability. It provides benefits such as separate legal identity and limited liability protection, meaning the personal assets of the owner are generally protected… Read More »
Statutory company Statutory company: OPC (One Person Company) is not a statutory company. OPC refers to a type of business structure or legal entity recognized in certain jurisdictions, including India. It is a form of company where a single individual can establish a separate legal entity and enjoy limited liability protection similar to a… Read More »
OPC Company OPC (One Person Company) is a type of business legal structure that allows a single individual to form and operate a company. It is a legal structure entity separate from its owner, providing limited liability protection to the individual while allowing them to have full control over the company’s operations. Here are… Read More »
Business Structure: What OPC Stands For When starting a business, choosing the right business structure is one of the most crucial decisions you’ll make. The structure you choose will impact your company’s liability, taxation, and governance. Among the various business structures available, “OPC” stands for One Person Company—a relatively new and innovative option in… Read More »
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 »
