One person companies (OPCs) in India are among the simplest business structures to administer. Unlike a traditional sole proprietorship or company, an OPC combines the best features of each. Many exemptions from the Companies Act’s regulations have been granted to it. It’s an organisation type with less legal constraints than private corporations. Signing up for an OPC account is simple and inexpensive.
The benefits of restricted liability and a separate legal body are not off-limits to single owners and businesses that register as an OPC. With OPC, you don’t have to worry about finding a business partner to get your company off the ground. To start, all you need is a single individual to take on the roles of member, shareholder, and director.
Compliance required by a One Person Company
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