One Person Company is a new concept introduced in India after coming into effect new Companies Act, 2013. One Person Company means a Company which has only one person as a member. It gives a single promoter full control over the Company while limiting his/her liability to contributions to business. It is the most suitable form of business for small businesses where the turnover of the company is within Rs.2 crore and paid up share capital of the company is withinRs. 50 lakhs. One Person Company is a separate legal entity having only one individual as a member.Banking and financial institutions prefer to lend money to the company rather than Sole Proprietorship and Partnership Firms. And there are less compliance as compared to other form of Companies like Public Company and Private Company. We, at Complainceship, having the experience of more than 4 years of registering a One Person companies in india, provide full fledge assistance to the entrepreneur in registering his/ her One Person Company without any hassle and help them in achieving their dreams.
In a One Person Company the liability of the single shareholder is limited to the unpaid subscription money.
A Company is a separate legal entity from its member. The company is distinct from that of its owner, the personal assets of the member remain protected in case of a credit default.
In One Person Company there is only single shareholder this leads to fast decision making and execution.
One Person Company is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and only two board meetings are required in a calendar year.
Banking and financial institutions prefer to lend money to the company rather than Sole Proprietorship and Partnership Firms.
Entrepreneurs who want total control over their operations can use the OPC formation to run their company as they please, instead of finding a partner who has other ideas.
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