ONE PERSON COMPANY
One Person Company refers to a company formed with only me (single) person as its member, despite the old system of Private limited Company, having 2 members mandatorily. Any person (Not Minor) who is an Indian Citizen whether a resident in India or not
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8,999
WHAT IS ONE PERSON COMPANY?
One Person Company means a company which has only one member. However, If an OPC exceeds a turnover of over Rs. 2 crore or has a paid-up capital above Rs. 50 lakhs, it must be turned into a private or public limited company within six months.
Benefits
• One person ownership. A person can avail Benefit of Individual ownership. You can say, it is a big form of Proprietorship
• Legal Status and Social recognition for your Business
• Director and Shareholder can be same person
• In case of Death/Disability, Company can be succeed by its nominee
• The Liability of Shareholder/Director is Limited
• Legal Status and Social recognition for your Business
• Director and Shareholder can be same person
• In case of Death/Disability, Company can be succeed by its nominee
• The Liability of Shareholder/Director is Limited