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Wednesday, 12 April 2017

Get started with One Person Company

The revolutionary new concept of 'One Person Company' (OPC) has been introduced by the Companies Act, 2013. One Person Company is defined in Sub-Section 62 of Section 2 of The Companies Act, 2013, which reads as follows:
'One Person Company means a company which has only one member'
An OPC can be incorporated with only one shareholder, the same needs to appoint a nominee, both should be residents of India. On incorporation, OPC becomes active and comes in existence as long as the annual compliances are done on a regular basis. Otherwise, the OPC will become Dormant and is liable to be struck-off from the register after a period of time. On being struck off, the same can be revived for a period of upto 20 years. There is no statutory limit prescribed for a minimum contribution to start an OPC.
To get started Click Here. For more info contact info@preethamandco.com

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