by Audit Analyst | Jul 17, 2025 | OPC
Introduction A One Person Company (OPC), though owned by a single individual, is treated as a private limited company under the Income Tax Act, 1961. This classification makes OPCs eligible for a variety of tax deductions and exemptions that can significantly reduce...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction Incorporating a One Person Company (OPC) in India is a structured and streamlined process governed by the Companies Act, 2013 and administered by the Ministry of Corporate Affairs (MCA). The OPC model is specifically designed for individual entrepreneurs...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction Opening a bank account is a fundamental step for any registered company, including a One Person Company (OPC), to commence business operations. Since an OPC is recognized as a separate legal entity under the Companies Act, 2013, it must maintain a...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction The Registrar of Companies (RoC) is a statutory authority under the Ministry of Corporate Affairs (MCA), Government of India, tasked with administering the corporate legal framework in the country. The RoC plays a crucial regulatory role in ensuring that...
by Audit Analyst | Jul 17, 2025 | OPC
Introduction The name of a company is more than just a title—it is a legal identity, a branding tool, and the first impression a business makes. In India, the naming of a One Person Company (OPC) is governed by the provisions of the Companies Act, 2013 and Rule 8 of...
