Till 31st August 2014, if you wanted to incorporate Private Company you needed at least one other person as per the companies act 2013. But, after an inauguration of One Person Company in the companies act, you can open private limited company without taking help of another person. One person company is a business entity which can incorporated by the one person only. It not only bought a big relief to the entrepreneurs but also help in the growth of the economy. If you are the only one what wants to start your company and want to avoid the issue partnership then you must go with One Person Company Registration India. It is one of the business formations introduced to help individuals in running business.
One Person Company Registration process:
Advantages of One Person Company:
OPC has one shareholder. The issue of transferring a portion of the share doesn’t arise at all because if it is done, the company will cease to be a “One person Company”. Transferring all the shares is also not practicable as it’ll change the entire the entire structure of the company is changing. This issue has not yet been dealt with, and interpretation of the law may provide us with the explanation that in an OPC, transfer of share is not allowed.
Features of OPC:
The concept of OPC is advantageous both for the regulators and the market players. If you are willing to open a business without opting for the partnership then OPC registration is the best for you. I hope, you may understand the registration procedure of OPC and its advantage. If you are looking for the OPC business entity, you can take the support of Unilex Business Consultant. Here, the professional will help you regarding registration procedure of OPC and make your business entity legal work hassle-free. Feel free to contact us anytime for any help regarding OPC registration.
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