The credit of incorporating One Person Company in India is given to the Companies Act, 2013 that created it with the goal of supporting businessman who are capable of starting a progress on their own by permitting them to build a single economic entity.
The biggest advantage of starting an One Person Company (OPC) that one can yield is that there can be only a single individual in a OPC , whereas a minimum of two members are mandatory for registering and preserving a Private Limited Company or a Limited Liability Partnership (LLP).
Just like a Company, a One Person Company is a separate authorized body from its advertiser, providing limited liability protection to its one and only shareholder, at the same time as having everlasting continuation of business and being an effortless structure to register.
Thus an OPC structure can be determined as amalgam form of structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as known as a shareholder.
One Person Company Registration
Sujata Associates is the best India’s leading business consultant that provides company registration services in India, as well as offers a wide range of company registration services like private limited company registration, one person company registration and etc. People can assist more services offered by Sujata Associates by click of a mouse, as by accessing its official website sujataassociates.com.
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OPC Registration Process
While we are focusing on solving the Human Resources of the businesses, their owners can have more time and focus on their core responsibilities.