One Person Company or OPC can be formed in India by a natural person who must be an Indian citizen and resident of India. Such OPCs are provided with simpler legal and governance regime for their operations and lesser compliance requirements relating to general meetings and board meetings. But, the question is Can One Person Company be converted to private or public limited … [Read more...] about Can One Person Company be converted to private or public limited company
OPC
Advantages and Disadvantage of One Person Company or OPC
Concept of One Person Company is introduced for the first time in Companies Act 2013. Earlier to this act, there was no such type of provision to create or incorporate One Person Company. Before incorporating One Person Company in India, many promoters wanted to know its advantages and disadvantages. Through this write up, today, we are going to discuss various advantages … [Read more...] about Advantages and Disadvantage of One Person Company or OPC
Consent of Nominee to form One Person Company in India
One person can form a company for any lawful purpose by subscribing his or her name to the memorandum of association i.e. by becoming a shareholder. Such forms of company in India are called One Person Company. To ensure that the One Person Company lives on even after the death or disability of the sole owner, Companies Act 2013, has made it mandatory that the sole owner has … [Read more...] about Consent of Nominee to form One Person Company in India