OPC

Incorporation of One Person Company (OPC)

Company Law - 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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One Person Company (OPC) Registration

Company Law - 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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One Person Company (OPC)

Company Law - 1. Definition of One Person Company (OPC) According to section 2 (62) of the companies Act, 2013, ‘One Person Company (OPC)’ means a company which has only one person as a member. 2. No. of Persons Required for formation of OPC An OPC company can be formed with just 1 Director and 1 member. 3. […]...

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Board’s Report For One Person Company (OPC) and Small Company

Company Law - With lot of amendments come day by day in the Companies Act & Rules, an attempt has been made from my side to share my knowledge regarding Board’s Report for One Person Companies (OPC) and Small Companies under the Companies Act, 2013 in the form of an Article. This Article contains the introduction, clarification, amended provisions an...

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Important Aspects of a One Person Company

Company Law - Introduction The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs to start a venture on their own by allowing them to create a single person economic entity. In a One Person Company there can be only one member while a minimum of two members are required […]...

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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"

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 […]...

Read More
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 […]...

Read More
Posted Under: Company Law |

One Person Company (OPC)

1. Definition of One Person Company (OPC) According to section 2 (62) of the companies Act, 2013, ‘One Person Company (OPC)’ means a company which has only one person as a member. 2. No. of Persons Required for formation of OPC An OPC company can be formed with just 1 Director and 1 member. 3. […]...

Read More
Posted Under: Company Law |

Board’s Report For One Person Company (OPC) and Small Company

With lot of amendments come day by day in the Companies Act & Rules, an attempt has been made from my side to share my knowledge regarding Board’s Report for One Person Companies (OPC) and Small Companies under the Companies Act, 2013 in the form of an Article. This Article contains the introduction, clarification, amended provisions an...

Read More
Posted Under: Company Law |

Important Aspects of a One Person Company

Introduction The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs to start a venture on their own by allowing them to create a single person economic entity. In a One Person Company there can be only one member while a minimum of two members are required […]...

Read More
Posted Under: Company Law |

How to Legally Register a One Person Company

While starting your own business, the very first question that comes to mind is that, How to form a company? For starting a business in single person’s name, a sole proprietorship registration can be done but if one wants central registration with separate legal entity and benefits of company form of organization...

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Posted Under: Company Law |

Allow remuneration paid by OPC to member: ICAI Suggests

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. ...

Read More
Posted Under: Company Law |

One person company

The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole-Proprietor and Company form of busi...

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Posted Under: Company Law |

Incorporation of One Person Company in India – Point to Remember and Process

MCA has introduced the Concept of One Person Company so that the Proprietorship business can also get the Corporate Frame work with minimum compliances in a Year. It is still in its nascent stages and will require more time to be fully accepted by the business world....

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Posted Under: Company Law |

Incorporation of one person company by using new e-forms (Spice) under Companies Act 2013

An attempt has been made from my side to share my knowledge and experience regarding Incorporation of a One Person Company under Companies Act, 2013 in the form of an Article....

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Posted Under: Company Law |

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