What is One Person Company?
Further, we delve into the legal framework provided by the Companies Act to establish and govern OPCs. The Act specifies the minimum and maximum number of directors, shareholders, and nominees an OPC can have. It also provides for its incorporation and compliance requirements in detail. Next, we discuss the key features of OPCs. These include:
1. Perpetual succession,
2. Limited liability,
3. Separate legal identity
4. Single Ownership
5. Owner involved in a different Finally, we explore the suitability of OPCs for businesses. OPCs are particularly beneficial for small-scale entrepreneurs and professionals who want to establish a company with limited financial resources. It offers the advantages of limited liability, easier decision-making, and the ability to raise funds through equity or loans. Need Consultation or Assistance in OPC Formation?,
Apply here: https://www.setindiabiz.com/one-person-company-registration
For information, read our blog@ https://www.setindiabiz.com/learning/basic-overview-of-one-person-company
1. Perpetual succession,
2. Limited liability,
3. Separate legal identity
4. Single Ownership
5. Owner involved in a different Finally, we explore the suitability of OPCs for businesses. OPCs are particularly beneficial for small-scale entrepreneurs and professionals who want to establish a company with limited financial resources. It offers the advantages of limited liability, easier decision-making, and the ability to raise funds through equity or loans. Need Consultation or Assistance in OPC Formation?,
Apply here: https://www.setindiabiz.com/one-person-company-registration
For information, read our blog@ https://www.setindiabiz.com/learning/basic-overview-of-one-person-company
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