Introduction The Goods and Services Tax (GST), introduced in India on July 1, 2017, brought significant reform to the country’s indirect tax system by consolidating various central and state taxes into a single unified structure. This system aims to simplify tax...
OPC Articles
Define the auditor’s appointment conditions for OPC
Introduction An audit is a statutory requirement that ensures financial transparency, accuracy, and compliance within a company. Although a One Person Company (OPC) enjoys several operational and procedural relaxations under the Companies Act, 2013, it is not exempt...
Detail late fees and penalties for OPC filings
Introduction One Person Companies (OPCs), although offered several compliance relaxations, are still governed by the provisions of the Companies Act, 2013, and are expected to adhere strictly to prescribed filing timelines. These include filings related to...
Establish why OPC attracts small investors
Introduction For startups and emerging ventures, attracting small investors can provide crucial early-stage capital and business support. While traditional structures like sole proprietorships may lack transparency and legal backing, the One Person Company (OPC),...
Establish how OPC helps in branding
Introduction In the modern business environment, branding is more than just a visual identity—it reflects trust, professionalism, credibility, and customer perception. For individual entrepreneurs and professionals, establishing a brand often requires more than a...
Explain tax compliance deadlines for OPC
Introduction Tax compliance is a critical component of corporate governance and financial discipline for any business entity. For a One Person Company (OPC), which enjoys the status of a private limited company with simplified governance, adherence to tax deadlines...
Define the structure of the company registration number
Introduction A Company Registration Number, commonly referred to as the Corporate Identity Number (CIN), is a unique alphanumeric code issued by the Registrar of Companies (RoC) under the Ministry of Corporate Affairs (MCA) to every company registered in India. It...
Explain when OPC becomes ineligible to remain OPC
Introduction A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, to allow a single individual to operate a corporate entity with limited liability and separate legal status. It is ideal for small businesses and...
Detailed OPC’s applicability in IT consultancy
Introduction The IT consultancy sector has emerged as one of the most dynamic and rapidly expanding industries in India and across the globe. Independent software developers, cybersecurity specialists, data analysts, system integrators, cloud architects, and digital...
Establish why OPC is suitable for professionals
Introduction With the evolving business landscape in India, professionals such as chartered accountants, doctors, architects, engineers, consultants, IT developers, and designers increasingly seek structures that offer legal identity, operational autonomy, and...