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OPC Articles

What are the key benefits of forming an OPC?

What are the key benefits of forming an OPC?

Limited Liability Protection The personal assets of the member are protected from business liabilities. Liability is restricted to the unpaid share capital subscribed by the owner. The member is not personally responsible for losses or debts incurred by the company....

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Government Simplifies OPC Conversion Process

Government Simplifies OPC Conversion Process

The Government of India has significantly simplified the conversion process for One Person Companies (OPCs), making it easier for solo entrepreneurs to transition their businesses into Private or Public Limited Companies as they scale. This move, led by the Ministry...

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Establish a compliance checklist for new OPC

Establish a compliance checklist for new OPC

Introduction Once a One Person Company (OPC) is incorporated under the Companies Act, 2013, it must adhere to various legal and regulatory compliances to remain in good standing. These obligations begin immediately after incorporation and continue annually. Failure to...

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Explain the taxation slabs for OPC

Explain the taxation slabs for OPC

Introduction A One Person Company (OPC) is treated as a private limited company for taxation in India. Unlike sole proprietorships, which are taxed as individuals under personal income tax slabs, OPCs are taxed under the corporate taxation system as prescribed by the...

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Briefly analyze professional costs for OPC

Briefly analyze professional costs for OPC

Introduction Setting up and maintaining a One Person Company (OPC) involves several professional services that contribute to its legal compliance, financial management, and operational structure. These services come with associated costs that the owner must factor...

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Describe revival options for dormant OPC

Describe revival options for dormant OPC

Introduction A One Person Company (OPC) may become dormant due to business inactivity, financial constraints, or strategic pause. While being dormant relieves the entity from some operational pressures, it must still remain compliant with the law or face eventual...

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Establish success stories using the OPC structure

Establish success stories using the OPC structure

Introduction The One Person Company (OPC) structure, introduced through the Companies Act, 2013, has opened new avenues for individual entrepreneurs in India. By offering a formal corporate structure with limited liability and simplified compliance, OPCs allow single...

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Briefly cover common mistakes during OPC filing

Briefly cover common mistakes during OPC filing

Introduction Filing for a One Person Company (OPC) involves several statutory processes under the Companies Act, 2013. From incorporation to annual compliance, OPCs must submit accurate and timely documents to the Ministry of Corporate Affairs (MCA). However, many...

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Describe the role of CA in auditing OPC

Describe the role of CA in auditing OPC

Introduction A One Person Company (OPC), though operated by a single individual, is recognized as a separate legal entity under the Companies Act, 2013. This status brings with it various statutory obligations, one of the most important being the requirement of...

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