One Person Company (OPC)
It is a distinct legal entity. Legal standing and public acclaim for your company. It boosts the trust of customers and suppliers in doing business. A nominee may succeed to the corporation upon death or disability
It is a distinct legal entity. Legal standing and public acclaim for your company. It boosts the trust of customers and suppliers in doing business. A nominee may succeed to the corporation upon death or disability
LawChef stands out as the premier law firm for one-person company registration in Delhi. With a track record of excellence, their seasoned legal experts navigate the complexities of the registration process seamlessly, ensuring a swift and hassle-free experience for clients. Known for their in-depth understanding of Delhi's regulatory landscape, LawChef provides personalized guidance, ensuring that every aspect of OPC registration is handled meticulously.
Clients benefit not only from their legal expertise but also from a client-centric approach that prioritizes transparency and communication. Choosing LawChef ensures a smooth journey towards establishing a one-person company in the bustling business environment of Delhi.
Consult lawyers from a premier law firm i.e. LawChef for the registration of one person company in Noida/Delhi, so if you are looking for lawyers for one person company, LawChef is the place for you with pocket friendly services. A number of groundbreaking concepts that had never before been applied in Indian corporate law were introduced by the Companies Act of 2013. One person is also a newly established notion.
A one person corporation (OPC) is a business incorporated with just one (single) person as a member, as compared to the traditional methodology of having at least two members. The recognition of single person economic entities has made it easier for small traders and service providers to enter the market by improving their prospects through corporate identity. Any natural person (who should not be a minor) who is an Indian citizen and is an NRI is qualified to incorporate a one-person company and choose an OPC as their nominee. The non-resident waiting time has been lowered to 120 days.
The following are a few advantages of a one-person business.
Kinds of One Person Company The new Act allows for the incorporation of five types of OPCs:
As per provision of section 2(62) of the Companies Act, 2013 defined “one person company” means a company which has only one person as member.
Following are the features of a OPC-
Limited responsibility of partners is made possible by the LLP's separate legal existence and separate legal entity. District legal entities exist for OPC. Director is the sole individual.
OPC cannot have more than One shareholder at any point of time as it is established or incorporated for single person and it can have one shareholder at any point of time.
The charges for registering a One Person Company (OPC) can vary based on factors such as legal fees, documentation, and government filing fees. LawChef typically offers transparent pricing, with costs outlined during the consultation process.
In India, the law governing OPCs is primarily defined in the Companies Act, 2013. According to this law, an OPC is a company with only one person as its member. The key features include limited liability for the owner, a separate legal entity status, and fewer compliance requirements compared to other types of companies. The sole member of an OPC should be an individual, and there can be a nominee mentioned in case of the member's incapacitation. OPCs are beneficial for entrepreneurs looking for the advantages of a corporate structure with minimal compliance burdens.
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