One person Company Company Registration
Companies Act 2013 gave birth to the concept of One Person Company. Section 2(62) of the Companies Act defines ‘One Person Company’ as “a company run by a Know to apply to corpiz Is legal services Company single person who is acting as a shareholder and director at the same time”. One Person Company Registration has lower compliance as compared to a Private Limited Company. Entrepreneurs in the initial stage of their business prefer to create OPCs instead of sole proprietorship business because of the advantages that OPCs offer.
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