One Person Company (OPC)


 

The Companies Act, 2013 has introduced a new concept of ‘One Person Company’ (hereinafter referred to as ‘OPC’). Section 3 (1) (c) of Companies Act, 2013 has been notified vide notification dated 26th March 2014, and the same shall be effective from 01st April 2014.

It is a new form of business by which a company can be incorporated with one person only. It enables the entrepreneur carrying the business in the Sole-Proprietor form of business to enter into a Corporate Framework.
One Person Company is a hybrid of Sole-Proprietor and Company form of business and has been provided with relaxed requirements under the Companies Act, 2013

Continue Reading:- Indian Citizenship and Resident For One Person Company in India

Comments

Post a Comment

Popular posts from this blog

About Us We're LEGALLANDS LLP The Land of Legal Professionals

Change is happening faster than ever, and to stay ahead, you need to anticipate what’s next. Legal challenges come from all directions. We understand and work together with you to solve the toughest legal issues in major industries and commercial centers around the world. Whether you’re expanding into new markets like India, considering capital from new sources, or dealing with increasingly complex regulation or disputes, we can help. Whether change brings opportunity, risk, or disruption, be ready by working with Legal Lands LLP .   A fast-changing and inter-connected world requires fresh thinking combined with proven experience. That’s what we provide. Progress starts with ideas. And while imagination helps at every level, our legal solutions are aligned with your business strategy. Our experience in cross-border and emerging economies gives us the market perspective to be your global partner. We believe that when knowledge travels, opportunities arise. Our team ha...
Read more

Digital Signatures Apply Online | Instant DSC Approval

Image
  D igital Signature Certificates (DSC) are the digital equivalent (i.e. electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose, such as to access information or services on the Internet or to sign documents digitally. Digital Signatures are legally admissible in a Court of Law, as provided under the provisions of Information Technology Act, 2000. DSC are basically required for digitally signing the documents, for example: Filing e-forms for incorporation of companies; LLP incorporation; and many more. A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000. Read More ... Legallands  Business setup in India
Read more