Introduction One Person Company (OPC) was introduced in India under the Companies Act, 2013 to encourage individual entrepreneurship with a simplified corporate structure. While OPCs enjoy several benefits like limited liability, simplified compliance, and single...

Introduction One Person Companies (OPCs) were introduced to offer solo entrepreneurs a simplified business model with the benefits of corporate structure. While OPCs enjoy several compliance relaxations under the Companies Act, 2013, when it comes to audit...

Introduction A distinctive feature of the One Person Company (OPC) structure in India is the mandatory appointment of a nominee. The nominee acts as a legal successor who takes over the company in the event of the death or incapacity of the sole member. This provision...

Introduction A One Person Company (OPC) is a simplified form of a private limited company designed for individual entrepreneurs, offering limited liability and a formal corporate structure. While OPCs enjoy certain exemptions and reduced compliance burdens compared to...

Introduction A One Person Company (OPC), by its nature, operates with a single member who is both the owner and primary decision-maker of the company. However, the concept of a nominee is a vital legal feature that ensures business continuity in the event of the...

Introduction In a One Person Company (OPC), the director plays a central role in managing the company’s operations and ensuring compliance with statutory regulations. Although an OPC is typically run by a single person who may be both the sole member and the director,...

Introduction In the digital age, the process of setting up a One Person Company (OPC) in India has become faster, simpler, and more efficient, thanks to the Ministry of Corporate Affairs (MCA) adopting an online registration system. Digital documentation plays a vital...

Introduction A One Person Company (OPC) is a suitable business structure for individual entrepreneurs looking to start a company with limited liability and simplified compliance. However, as the business grows in scale and complexity, the limitations of an OPC...

Introduction When incorporating a One Person Company (OPC) under the Companies Act, 2013, two critical legal documents form the foundation of its existence: the Memorandum of Association (MOA) and the Articles of Association (AOA). These documents establish the...

Introduction The One Person Company (OPC) structure was introduced under the Companies Act, 2013 to encourage individual entrepreneurship in India by combining the benefits of sole proprietorship and private limited companies. One of the most appealing aspects of OPC...