REGISTRATION OF ONE PERSON COMPANIES (OPC)
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REGISTRATION OF ONE PERSON COMPANIES (OPC)
As the name suggests, One Person Company means the company is having only Single Person as Director and shareholder. One person company is suitable form of replacement of proprietorship established through Shop license (Gumasta).
In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and Director.
Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business in the following ways:
- Limited liability and Separate Legal entity
- Attract more customers due to recognition and credibility
- Greater long term stability and transparency
- Increased potential for growth and success
- Allows opportunity to a single person to incorporate a Private Limited Company
