The OPC (One Person Company) was first proposed in The Companies Bill 2007. It has been a desire of entrepreneurs to have a one person company and same had once been a reality. The logical reason why the Companies Act, 1956 had made it compulsory for a company to have a minimum of two members was so that it could clearly separate it from a sole proprietorship.
Now, One Man Company has finally been introduced in The Companies Bill 2011. OPC may be registered as a private company with one member and may also have at least one director.
Get your Free Business Start-up Counselling today.
Now, One Man Company has finally been introduced in The Companies Bill 2011. OPC may be registered as a private company with one member and may also have at least one director.
Get your Free Business Start-up Counselling today.
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One Person Company Registration establishes the entrepreneur as a distinct legal entity from the company, with limited liability. Furthermore, the firm has its own assets and responsibilities, and the founders and their properties are not personally accountable for the firm's debts. In terms of liability, OPCs have a lot of advantages. Contact Us: +91 8929218091
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