Company Law : The procedure for conversion of a One Person Company (OPC) into a Private Limited Company is governed by Section 18 of the Compani...
Company Law : The One Person Company structure offers separate legal identity and limited liability under the Companies Act, 2013. It allows sin...
Company Law : One Person Company (OPC) compliance guide: Though exempt from AGM, the AOC-4 deadline is 180 days from FY end (Sept 27th). MGT-7A ...
Company Law : Know the 2025 compliance schedule for One Person Companies, including filing deadlines, annual returns, director KYC, penalties, a...
Company Law : Explore the legal and financial distinctions between a Sole Proprietorship and a One Person Company (OPC), including liability, ta...
Company Law : Learn the step-by-step procedures and find answers to frequently asked questions about incorporating and converting a One Person C...
Company Law : During the current year (from 01.01.2021 to 10.12.2021) total 9781 number of One Person Companies (OPCs) were registered under the...
Company Law : It is requested extend the timelines for annual filing of OPCs upto 31st December, 2020. This will ease the difficulties faced by ...
Income Tax : The Finance Act, 2016 introduced a tax rate of 29% of total income to (domestic) company assessees provided its total turnover or...
Company Law : One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opport...
Corporate Law : Bombay High Court sets aside personal liability for One Person Company director in arbitration, upholding asset deposit by the com...
Company Law : (1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2021. (2) They shall come into forc...
Company Law : MCA amends One Person Companies (OPCs) rules vide Companies (Incorporation) Second Amendment Rules, 2021 MCA amends rules 6 relate...
Note on One-Person Company (OPC) Highlights Basic Concept of OPC, Objectives of One-Person Company (OPC), Preliminary conditions & Eligibility for Incorporation of OPC, Mandatory Annual Compliances of OPC, Benefits cum Exemptions for OPC, Hindrances for the OPC and Comparative Analysis of OPC with Sole Proprietorship, LLP & Private Limited Company. 1. Basic Concept of One-Person Company […]
LLP vs One Person Company vs Private Limited Company: Understand the features and differences for businesses raising funding.
An OPC by its very nature is a Private Company. This is established by the definition of Private Company-Section 2(68) of Companies Act, 2013 and Section 3- Formation of a Company-
A company that has only one person as its member is said to be a One Person Company. Compared to other forms of companies i.e. Private Limited Company or even Limited Liability Partnership, OPC (One Person Company) has lesser compliance requirements. Nonetheless, it is crucial to look in to the Important Statutory Due dates for […]
During the current year (from 01.01.2021 to 10.12.2021) total 9781 number of One Person Companies (OPCs) were registered under the provisions of the Companies Act, 2013
Conversion of Private Company into OPC A private company other than a company registered under Section 8 companies Act 2013, who having a share capital of 50 lakhs rupees or those having an average annual turnover in past 3 consecutive years is up to 2 crore rupees during the relevant period, may convert into one […]
The Companies Act, 2013, introduced the concept of One Person Company (OPC) in India. Further, this was to support entrepreneurs desiring to start a business on their own. While a Private Limited Company or Limited Liability Partnership requires at least two members for incorporation, you can start an OPC with a single member. OPC or […]
An individual forming the One Person Company (OPC) can be a resident of India or a non-resident. OPC is incorporated in a form of a company but have the benefits of a sole proprietorship. It has very less compliances, legal status, easy ways to get funds, easy incorporation, perpetual succession and many other benefits.
One Person Company (OPC), a new concept which is popular now, introduced by the Companies Act, 2013. Before the enforcement of the Companies Act, 2013, a single person could not establish a Company, if an individual want to establish any business, he/she could only opt for Sole Proprietorship as at that time there had to […]
Part I – Law(s) Governing the eForm MGT-7A Section and Rule Number(s) Pursuant to Section 92(1) of the Companies Act, 2013 and rule 11(1) of the Companies (Management and Administration) Rules, 2014. (Refer Annexure A) Purpose of the eForm MGT-7A Every OPC and small company shall prepare an annual return in the form MGT-7A containing […]
