OPC or Sole Proprietorship OPC or sole proprietorship are two different legal business structures, each with its own advantages and considerations. 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… Read More »
Formation Website Link: Formation: In India, a One Person Company (OPC) can be formed by a single individual who meets the following criteria: Resident of India: The individual formation the OPC must be a resident of India. This means that they should have stayed in India for a minimum period as prescribed by the government,… 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 »
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 »
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 »
Registering a one-person company Registering a one-person company, To register a One Person Company (OPC) in India, the following steps must be take: Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step is to obtain a DSC and DIN for the propose Director of the OPC. Name reservation: A suitable… Read More »
