by Audit Analyst | Jul 17, 2025 | OPC
Introduction A One Person Company (OPC), despite having a single member and often a single director, is required to follow formal decision-making procedures to maintain transparency and legal compliance. One such procedure is the passing of board resolutions, which...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction A One Person Company (OPC) is a simplified business structure designed for individual entrepreneurs, offering limited liability and corporate status. While OPCs enjoy certain relaxations under the Companies Act, 2013—such as exemption from holding Annual...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction A One Person Company (OPC) offers individual entrepreneurs a formal and flexible business structure with the benefits of limited liability. However, due to operational challenges, shifting business goals, or financial constraints, the owner may decide to...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction For any business, especially a One Person Company (OPC), building trust is crucial—not just with customers and partners but also with potential investors. Although OPCs are structured for individual ownership, growth-oriented businesses may eventually...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction In the context of company formation and structure, authorized capital and paid-up capital are two essential financial terms that define the funding capacity and ownership of a business. For a One Person Company (OPC), introduced under the Companies Act,...
