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Online One Person Company Formation in West Bengal


https://www.legalyy.com

Section 2(62) of the Companies Act defines One Person Company as a company consisting of only one person or one individual. OPC is a new concept in India. It consists of all the benefits of a private limited company. Members of the company are buyers of its memorandum of association. In other words, they are their shareholders. In OPC there is only one such shareholder.

Being a new concept, it is already in demand. It sometimes consists of all the benefits that are otherwise absent in sole proprietorship and Partnership. OPC Company Registration in India is done as per the Companies Act 2013. Registration is also sometimes done abiding by the Companies (incorporation rule) 2014.

OPC is a Company where Company has a separate existence with its shares in the market. It is based on the concept of Limited Liability unlike that of Sole Proprietorship.

OPC is often preferred by entrepreneurs who are new to the field of business and entrepreneurship over a sole proprietorship venture. This is because OPCs offer many advantages with minimum risks and less paperwork. Also, the compliance burden is low.

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Created by Legalyy 1 week 3 days ago – Made popular 1 week 2 days ago
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