One Person Company
The idea of the One Person Company in India was presented through the Companies Act, 2013 to help business people who all alone are fit for beginning an enterprise by enabling them to make a solitary individual financial element. One of the greatest favorable circumstances of a One Person Company (OPC) is that there can be just a single part in an OPC, while at least two individuals are required for fusing and keeping up a Private Limited Company or a Limited Liability Partnership (LLP). Like a Company, a One Person Company is a different legitimate element from its promoter, offering constrained obligation security to its sole investor, while having progression of business and being anything but difficult to fuse.
Despite the fact that a One Person Company enables a solitary Entrepreneur to work a corporate element with constrained obligation security, an OPC has a couple of confinements. For example, each One Person Company (OPC) must assign a chosen one Director in the MOA and AOA of the organization – who will end up being the proprietor of the OPC on the off chance that the sole Director is impaired. Likewise, a One Person Company must be changed over into a Private Limited Company on the off chance that it crosses a yearly turnover of Rs2 Crores and must record evaluated budgetary explanations with the Ministry of Corporate Affairs toward the finish of each Financial Year like a wide range of Companies. In this way, it is imperative for the Entrepreneur to precisely consider the highlights of a One Person Company preceding consolidation.
Tradenfill is the market pioneer in organization enlistment benefits in India, offering an assortment of organization enrollment like private restricted organization enlistment, one individual organization enlistment, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary enrollment. The normal time taken to finish a one individual organization enrollment is around 10 – 15 working days, subject to government handling time and customer record accommodation. Get a free discussion for one individual organization enlistment and business setup in India by planning a meeting with the Tradenfill Advisor.