Tag Archives: One person company

This is the last part of the Budget series related to Taxation, Company Law and Marco economic analysis. Only a few points are covered here. Any points missed here will be covered in another article in the coming days. Goods and Service Tax (GST) Point # 1 GST on supply …

1. How many persons are required to start a One Person Company (OPC) As the name suggests, OPC shall be set up by an Individual person. No company or a firm can start OPC 2. Where to register OPC? OPC is governed under the regulations of Ministry of Corporate Affairs …

Corporate Status to proprietary concern – a new initiative in India Hitherto if an Individual wanted to start a company, there was no choice but to set up a proprietary concern. The new initiative of One Person Company (OPC) gives a corporate status to proprietors! OPC is introduced by the …

Can you keep any name of your choice to your dream venture (private limited company or limited liability partnership firm)? Yes; provided you follow name approval guidelines and the name is approved by the Registrar of Companies (ROC), the registering authority in India. In this article, we have made a modest …

With the introduction of The Companies Act, 2013 only one person can start a company and such companies are known as ‘One Person Company’ (OPC). Basically it is giving legal corporate status of Proprietorship form of doing business. In order to make the company as a going concern, the Act made …