Get OPC Registration (INR 6,999 /-)
According to the Sub-Section 62 of Section 2 of Companies Act 2013,“One Person Company (OPC)” means a company which has only one person as member. This format is introduced to encourage entrepreneurs who are willing and capable of starting a venture on their own and for all those who cankeep the vision, capacity and conviction to change their thoughts into business achievement. Any person can form OPC if the person is natural person who is also a citizen and resident (stay in India should not be less than 182 days in immediate preceding year) of India.
Every OPC must nominate a nominee director in its MOA and AOA of the company who will take over the company and become the owner in case of disability of the sole director.
OPC is a new concept in India but is openly accepted and adopted because of its easy management and various other benefits such as non-obligation of having minimum two directors, any proprietorship business can be easily converted into OPC without complex procedure etc.
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