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One Person Company (OPC)

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The possibility of One Person Company in India was displayed through the Companies Act, 2013 to help business visionaries who in solitude are fit for starting a meander by empowering them to make a lone individual money related substance. One of the best good conditions of a One Person Company (OPC) is that there can be only a solitary part in an OPC, while no less than two people are required for joining and staying with up a Private Limited or a Limited Liability Partnership (LLP). Like a Company, a One Person Company is an alternate honest to goodness substance from its promoter, offering compelled commitment protection to its sole speculator, while having movement of business and being definitely not hard to merge.

Notwithstanding the way that a One Person Company empowers a singular Entrepreneur to work a corporate component with limited hazard protection, an OPC has a few imprisonments. For instance, every One Person Company (OPC) must name a picked one Director in the MOA and AOA of the association – who will wind up being the proprietor of the OPC if the sole Director is impeded. Also, a One Person Company must be changed over into a Private Limited Company in case it crosses a yearly turnover of Rs.2 crores and must record inspected cash related announcements with the Ministry of Corporate Affairs toward the complete of each Financial Year like an extensive variety of Companies. In this way, it is basic for the Entrepreneur to carefully consider the features of a One Person Company going before union.

TESTIMONIALS

Customer Experiences

Really happy with the professional way in which the work has been done (y). Worked with other CA’s previously, Startup movers were the best one- whom we worked with

Jani Pasha
CEO - Lokal App

Excellent service at affordable prices. They are very punctual and work really hard to get the job done.

Mr. Puranjay Singh
CEO - Mystery Monks

These guys are really good particularly their secretarial part. Very professional very prompt.

Nikhil
Cofounder - Finbox

Excellent!!…. Excellent!..
Startup Movers helped us with our company incorporation & re-correction was done quickly and everything that goes with it has done good.

Karishma
CEO - Cavaxion

The best part about working with StartUp Movers is that they understand the DNA of a startup very well, and are flexible in their approach. This makes them very compatible partners for any start-up.

Chetan Kapoor
Edulever

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