The concept of One-person company is a new vehicle/form of business, introduced by the Companies Act 2013, thereby enabling entrepreneurs carrying on the business in the sole-proprietor form of business to enter into a corporate framework.
OPC is a hybrid of sole-proprietorship and Company form of business and has been provided with concessional/relaxed requirements under the Act.
It helps the person having sole-proprietorship to create a single-person economic entity same like other forms of business. One person company offers limited liability protection to its stakeholders has continuity of business and is easy to incorporate. Incorporation of OPC requires minimum paperwork and compliance.read more
Registration, Incorporation and Formation of Company “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” At J. K. Gupta & Associates, we have a passion for our work, a strong bond with our colleagues and an unshakable dedication to our clients’ interests. We have the ability […]read more