One person company

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Benefits of one person company. One person company is a new concept introduced by New Companies Act 2013.

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One person company

  1. 1. BENEFITS OF ONE PERSON COMPANY Single person can start the company. Liability of a member is limited. Minimum No. of Directors required is One. OPC is treated as Separate Legal Entity from an individual. No need to arrange AGM during the year. Business will not come to an end on the death of an individual person.
  2. 2. Opportunity for NRI’s to start up a business through OPC’s in India. Small entrepreneurs who are running their businesses under the proprietorship model could convert to OPCs, with the benefit of limited liability and none of the cumbersome compliance requirements. Process of starting a business getting simpler it could be a boon for every form of small business.

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