One Person Company (OPC) in India is also
known as single owner company. OPC was introduced in 2013 by making the
adjustments in The Companies Act of 2013. It must also be noted that section 3
of Company’s act 2013 classified OPC as one of the form of Private Company. All
the rules and provisions of private company are applicable for OPC except
otherwise specifically excluded. The main purpose of introduction of One Person
Company (OPC) was to support and encourage the single owners for create single
person legal entity for doing business. OPC is a form of company which has only
one owner/stakeholder or director, or both can be same person and the
stakeholder has to be the citizen of India and resident in India and one adult
nominee is compulsorily required.
The OPC no doubt is one of the most trending forms
of company chosen by the entrepreneur for starting and setting up the business.
The OPC is mostly suitable for entrepreneurs who are capable of starting a
business on their own, simple and easy in formation and this form of company
avails most of the benefits and have lesser regulatory compliances with compare
to private limited company or public limited company in India.
The advantages of OPC in India can only be
obtained if it is incorporated for suitable business activity for this our
well-formed law firm have immense experience and provide the guidance to
incorporate an OPC in appropriate manner. To know more in detail about OPC kindly
reach us at http://www.company-registration.in/ or contact at
+91-8800-100-281