OPC

OPC Vs Sole Proprietorship Which One Is Better For You….?

Company Law - If you as an existing or aspiring entrepreneur would like to decide whether to switch to OPC structure or not then this article will surely guide you the path....

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All about One Person Companies (OPC)

Company Law - A One Person Company (OPC) is the latest variety of business in India projected by the companies Act, 2013. A forward-thinking plan was launched that promotes the incorporation of micro-businesses and persons with entrepreneurial concepts and to provide uplift to entrepreneurs who have high potential to start their venture by allowing the...

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Drawbacks of One Person Company (OPC)

Company Law - If you are planning to register one person company then you MUST know the drawbacks of One Person Company registration. A) One of the biggest disadvantage of company registration is that the owner of one person company cannot incorporate or register another one person company and the nominee of one person company cannot become nominee [&h...

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Board Report of OPC And Small Company- What you should know

Company Law - The Companies Act, 2013, requires the Board of Directors of every Company to attach its report to the financial statements to be laid before the members at the annual general meeting. The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. Earlier, the Report of […]...

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Benefits for OPC under companies Act, 2013

Company Law - New dimensions of the OPC were introduced in the Company Act 2013 by the Ministry of Corporate Affairs to provide the benefits of private company to Proprietorship firm and Individual entrepreneur. OPC is also a private company as per section 3 (1) (C) of companies Act, 2013 but in companies Act, 2013 there some benefits […]...

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Allow remuneration paid by OPC to member: ICAI Suggests

Company Law - The Finance Act, 2016 introduced a tax rate of 29% of total income to (domestic) company assessees provided its total turnover or the gross receipts in the previous year 2014-15 does not exceed five crore rupees. ...

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ICSI releases Ready Reckoner on One Person Company (OPC)

Company Law - One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorships and entrepreneurs who can enjoy the advantages of limited liability, and the benefit of separate legal entity as well....

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Recent Posts in "OPC"

OPC Vs Sole Proprietorship Which One Is Better For You….?

If you as an existing or aspiring entrepreneur would like to decide whether to switch to OPC structure or not then this article will surely guide you the path....

Read More
Posted Under: Company Law |

All about One Person Companies (OPC)

A One Person Company (OPC) is the latest variety of business in India projected by the companies Act, 2013. A forward-thinking plan was launched that promotes the incorporation of micro-businesses and persons with entrepreneurial concepts and to provide uplift to entrepreneurs who have high potential to start their venture by allowing the...

Read More
Posted Under: Company Law |

Drawbacks of One Person Company (OPC)

If you are planning to register one person company then you MUST know the drawbacks of One Person Company registration. A) One of the biggest disadvantage of company registration is that the owner of one person company cannot incorporate or register another one person company and the nominee of one person company cannot become nominee [&h...

Read More
Posted Under: Company Law |

Board Report of OPC And Small Company- What you should know

The Companies Act, 2013, requires the Board of Directors of every Company to attach its report to the financial statements to be laid before the members at the annual general meeting. The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. Earlier, the Report of […]...

Read More
Posted Under: Company Law |

Benefits for OPC under companies Act, 2013

New dimensions of the OPC were introduced in the Company Act 2013 by the Ministry of Corporate Affairs to provide the benefits of private company to Proprietorship firm and Individual entrepreneur. OPC is also a private company as per section 3 (1) (C) of companies Act, 2013 but in companies Act, 2013 there some benefits […]...

Read More
Posted Under: Company Law |

Format of Notice for AGM & Board Report for Small Companies & OPC

Format of Notice for Calling AGM and Board Report for Small and One Person Company for Period of Financial Year 2018-2019 On the request of stakeholders, I am attempting to issue format of ‘Notice for Calling AGM and Board’s Report for Small and One Person Company for period of Financial Year 2018-2019′, hopefully this w...

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Posted Under: Company Law |

Conversion of One Person Company to Private Limited Company

The conversion of an OPC- One Person Company into Private Limited Company as per Section 18 of the Companies Act, 2013 and the provisions of Companies (Incorporation) Rules of 2014 should be discharged by a newly formed Private Limited Company. These rules will not affect the existing debts, liabilities, obligations or contracts of the OP...

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Posted Under: Company Law |

Incorporation of One Person Company (OPC)

The One Person Company (OPC) is a newly incorporated type of company that was introduced in the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. There can be only one, natural person resident of India who can […]...

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Posted Under: Company Law |

One Person Company (OPC) Registration

One Person Company (OPC) is a company which has only one person as member. OPC is a type of private company. Only a natural person, who is an Indian citizen and resident in India, shall be eligible to incorporate an OPC & shall be a nominee for the sole member of an OPC. An OPC […]...

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Posted Under: Company Law |

One Person Company (OPC)

Article contains Definition of One Person Company (OPC), No. of Persons Required for formation of OPC, Mandatory Conditions for formation of One Person Company (OPC), Nominee for OPC, Change of Nominee, Management, Financial Statement of OPC, Meetings, Matters to be included in Board’s Report for One Person Company, Turnover/Capital thr...

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Posted Under: Company Law |

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