(OPC) One Person Company Registration in India

Out of the various types of services, we also help in incorporating a one person company Registration in India (OPC) a new and simple concept for company registration where only one person is required to registering a company as well as he will be a director and shareholder in a company. In the comparison to private and public limited company, opc is very easy to register and the formalities to be complied with are also less as compared to private and public limited company also the cost of maintaining and registering the opc is less as compared to the cost of registering a public and private limited company and is one of the initiatives in the director of “Ease of Doing Business in India” as introduced by Hon’ble Prime Minister of India. Mr. Narendra Modi. Therefore, OPC’s are preferred by entrepreneurs all over India and they are taking advantage of the new concept by converting their proprietorships into OPC’s as most of the features of private and public limited companies are also their in One person Company but with less legal formalities and is also cost effective.

Why One Person Company Registration in India (OPC)

The concept of One person company (opc) is a new vehicle/form of business, introduced by the companies Act, 2013, thereby enabling Enterpreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a corporate framework. One persobn company is a combination of sole-proprietor and company form of business, and has been provided with concessional/relaxed formalities under the companies Act, 2013.Small entrepreneurs can carry on their business in form of OPC with status of separate legal entity. The concept is good for entrepreneurs with new ideas and ventures and explores the corporate world with minimum compliance and maximum benefits as exemptions. Various small and medium enterprises, doing business as sole proprietors, might enter into the corporatre domain through OPC. The unorganized sectof of the economy will find an outlet to show their entrepreneurial expertise. So the small entrepreneurs enjoy the benefits of OPC.

OPC companies are like a One man army. the compliance burden is very less and the liabillity of the members is very limited to the amount invested by them as capital which is an added advantage. OPC is expected to benefit the people who are into self employment and many small scale enterprises. it is one of the remarkable features of the companeis act, 2013 to grow the spirit of entrepreneurship and boost the confidence of small entrepreneurs in the country so that more and more people can start their own business and become self employed and thereby reducing unemployment in the country.