what is a meaning of (OPC) One Person Company?
According to the Company’s Act of 2013, a company owned and operated by a single person is referred to as a One Person Company (OPC) in India. He or she will represent the corporation as a shareholder and a director. Obtain the Best Offer on a Business Loan.
Who is eligible for (OPC) One Person Company?
To serve as a member and nominee of an OPC, a natural person must be an Indian citizen and resident in India.
What is the purpose of One Person Company in OPC?
The lone person who incorporated the OPC is protected by its distinct legal entity. A member’s responsibility is restricted to the value of their shares; they are not held personally responsible for the company’s failure. Therefore, rather than the member or director, the OPC may be sued by the creditors.
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